SANTA CRUZ, Calif.--(BUSINESS WIRE)--Feb 25, 2026--
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its Fourth Quarter 2025 Shareholder Letter detailing the company’s operational and financial results for the quarter ending December 31, 2025. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225892017/en/
Highlights include:
Commenting on Joby’s fourth quarter results, JoeBen Bevirt, founder and CEO, said: “2026 will mark a key inflection point for Joby. After a year full of rigorous full-transition flight testing and meaningful progress across every part of our business, we’ve begun to shift our focus from how and when we’ll go to market, to how many aircraft we can produce and where to deploy them.
“As we look ahead to carrying our first passengers in the UAE this year and participating in the White House-backed eIPP program, we’re confident now is the right time to scale production so that we’re ready to serve the incredible demand ahead.”
In a separate event in Dubai earlier today, Joby partnered with Uber to give riders a first look at how they’ll be able to book a Joby air taxi journey directly in the Uber app.
Fourth Quarter 2025 Financial Results Webcast Details:
What: Joby Aviation Fourth Quarter 2025 Financial Results Webcast
When: Wednesday, February 25, 2026
Time: 2:00 p.m. PT (5:00 p.m. ET)
Webcast: Upcoming Events ( https://ir.jobyaviation.com/news-events/ir-calendar ) section of the company website ( www.jobyaviation.com ).
If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.
Forward Looking Statements
This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, the growth of our manufacturing capabilities, including plans to double our production capacity in 2027. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our air taxi service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2025, our Quarterly Reports on Form 10-Q filed with the SEC on May 8, 2025, August 7, 2025 and November 6, 2025, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
Joby’s aircraft flying past the Santa Cruz Wharf (Credit: Joby Aviation)
DUBAI, United Arab Emirates (AP) — Iran pushed back Wednesday against U.S. President Donald Trump's pressure tactics ahead of critical talks in Geneva over Tehran's nuclear program, alternating between calling his remarks “big lies” and saying negotiations may yield an agreement through “honorable diplomacy.”
The remarks by two Iranian officials came a day before the talks and as America has assembled its biggest deployment of aircraft and warships to the Middle East in decades. The buildup is part of Trump's efforts to get a deal to constrain Iran's nuclear program while the country struggles at home with growing dissent following nationwide protests last month.
Trump has repeatedly threatened to attack Iran if negotiations fail. Mideast nations fear an attack could spiral into a new regional war as the embers of the yearslong Israel-Hamas war still smolder. Already, Iran has said all U.S. military bases in the Mideast would be considered legitimate targets, putting at risk tens of thousands of American service members.
Satellite photos shot Tuesday by Planet Labs PBC and analyzed by The Associated Press appeared to show the American vessels that typically are docked in Bahrain, the home of the U.S. Navy’s 5th Fleet, all out at sea. The 5th Fleet referred questions to the U.S. military’s Central Command, which declined to comment. Before Iran’s attack on Qatar in June, the 5th Fleet similarly scattered its ships at sea to protect against a potential attack.
Trump touched on Iran and the nuclear negotiations in his State of the Union speech late Tuesday in Washington.
“They’ve already developed missiles that can threaten Europe and our bases overseas, and they’re working to build missiles that will soon reach the United States of America,” Trump said. “They were warned to make no future attempts to rebuild their weapons program, and in particular nuclear weapons, yet they continue. They’re starting it all over.”
Satellite photos analyzed earlier by the AP showed Iran beginning to rebuild its missile-production sites and doing some work at the three nuclear sites attacked by the U.S. in June. Iran has long maintained that its nuclear program is peaceful.
The West and the International Atomic Energy Agency say Iran had a nuclear weapons program until 2003. Before the June attack, it had been enriching uranium up to 60% purity — a short, technical step away from weapons-grade levels of 90%.
Responding to Trump, Iranian Foreign Ministry spokesman Esmail Baghaei sought to compare him to Joseph Goebbels, Adolf Hitler’s propaganda minister. He accused Trump and his administration of conducting a “disinformation & misinformation campaign” against Iran.
“Whatever they’re alleging in regards to Iran’s nuclear program, Iran’s ballistic missiles, and the number of casualties during January’s unrest is simply the repetition of ‘big lies,'" Baghaei wrote on X.
Trump said in his speech that at least 32,000 people were killed in last month's protests, which is at the far end of estimates offered by activists for the death toll. The U.S.-based Human Rights Activist News Agency has so far counted more than 7,000 dead and believes the actual figure is far higher. Iran’s government, which long has downplayed death tolls in other unrest, offered its only toll on Jan. 21, saying 3,117 people were killed.
Mohammad Bagher Qalibaf, Iran's parliament speaker, said separately that the U.S. could either try diplomacy or face Iran's wrath.
“If you choose the table of diplomacy — a diplomacy in which the dignity of the Iranian nation and mutual interests are respected — we will also be at that table," Qalibaf said, according to the semiofficial Student News Network, a media outlet believed to be close to the all-volunteer Basij force of Iran's paramilitary Revolutionary Guard.
“But if you decide to repeat past experiences through deception, lies, flawed analysis and false information, and launch an attack in the midst of negotiations, you will undoubtedly taste the firm blow of the Iranian nation and the country’s defensive forces.”
Iran and the U.S. are to meet Thursday for their third round of talks under the mediation of Oman, long an interlocutor between Tehran and the West. A flight carrying Iranian Foreign Minister Abbas Araghchi and his team arrived late Wednesday in Geneva, where they will meet American officials led by special U.S. Mideast envoy Steve Witkoff.
U.S. Vice President JD Vance said Trump has been clear that Iran cannot have a nuclear weapon.
"That would be the ultimate military objective if that’s the route that he chose," Vance told Fox News.
He said Trump prefers settling the matter using diplomacy but will unleash the military against Iran if necessary. “Most Americans understand that you can’t let the craziest and the worst regime in the world have nuclear weapons,” Vance said.
Asked whether removing Iran's supreme leader was also an aim, Vance said that Trump would “make the decision about how to ensure Iran does not have a nuclear weapon.”
If the talks fail, uncertainty hangs over the timing of any possible attack.
If the aim of potential military action is to pressure Iran to make concessions in nuclear negotiations, it’s not clear whether limited strikes would work. If the goal is to remove Iran’s leaders, that will likely commit the U.S. to a larger, longer military campaign. There has been no public sign of planning for what would come next, including the potential for chaos in Iran.
The status of Iran’s nuclear program is another mystery. Trump said last year that American strikes “obliterated” it. Now dismantling whatever remains of the program appears to be back on the administration’s agenda. IAEA inspectors have not been allowed to inspect those sites and verify what remains.
There is also uncertainty about what any military action could mean for the wider region. Tehran could retaliate against the American-allied nations of the Persian Gulf or Israel. Oil prices have risen in recent days in part due to those concerns.
Associated Press writer Amir Vahdat in Tehran, Iran, contributed to this report.
Women walk past a mural at a girls school at Enqelab-e-Eslami, or Islamic Revolution Street in downtown Tehran, Iran, Wednesday, Feb. 25, 2026. (AP Photo/Vahid Salemi)
Commuters drive past Saint Sarkis church and a mural of the late Iranian revolutionary founder Ayatollah Khomeini in downtown Tehran, Iran, Wednesday, Feb. 25, 2026. (AP Photo/Vahid Salemi)
Women walk across an overpass in downtown Tehran, Iran, Tuesday, Feb. 24, 2026. (AP Photo/Vahid Salemi)
Vehicles drive in downtown Tehran, Iran, Tuesday, Feb. 24, 2026. (AP Photo/Vahid Salemi)
People cross a square in downtown Tehran, Iran, Tuesday, Feb. 24, 2026. (AP Photo/Vahid Salemi)
People drive their motorbikes in a square in downtown Tehran, Iran, Tuesday, Feb. 24, 2026. (AP Photo/Vahid Salemi)
A woman crosses a square as motorbikes ride past in downtown Tehran, Iran, Tuesday, Feb. 24, 2026. (AP Photo/Vahid Salemi)
