Blade Acquisition Drives Revenue
Revenue of $38.6 million in Q2 2026 came primarily from Blade's passenger air charter services and engineering contracts, compared to nearly nil in the prior-year quarter. The acquisition provides immediate market access in NYC and Southern Europe.
R&D and SG&A Expenses Surge
R&D expenses rose 43% to $194.7 million, driven by personnel costs for aircraft engineering, software, and certification. SG&A jumped 143% to $76.6 million, mainly from Blade integration, stock-based compensation, and marketing spend.
Strong Liquidity After Capital Raises
Cash and short-term investments totaled $2.27 billion as of June 30, 2026, after a $576 million equity offering and $670 million convertible notes offering in February 2026. Management expects this to fund operations beyond the initial commercial launch.