Joby Aviation is moving closer to commercial air-taxi operations, having completed or substantially completed three of five FAA type-certification stages and targeting first passenger flights in 2026, yet the company posted a second-quarter 2026 net loss of $245.4 million and first-half operating cash burn of $317.6 million. Second-quarter revenues reached $38.6 million, including $36.2 million from the Blade passenger business, while the Zacks Consensus Estimate calls for a loss of 88 cents per share in both 2026 and 2027. The stock carries a trailing price-to-sales ratio of 73.1 and Zacks Style Scores of F for Value, Growth, Momentum, and VGM, supporting a patient stance. Joby expects its first eVTOL Integration Pilot Program flights in Texas in September 2026 and plans to integrate air-taxi bookings through the Uber app.
