Joby Aviation (JOBY) Reports Wider Q2 Loss Than Expected

Joby Aviation, Inc. (NYSE:JOBY) is one of the best Russell 2000 stocks to buy now. On August 6, the company released its Q2 2025 earnings, reporting an earnings per share (EPS) of -$0.41, which missed consensus estimates by $0.22 (the forecast was $0.19 loss). The company posted a net loss of $324.7 million for the quarter, which included an operating loss of $167.9 million.

Revenue also fell short, coming in at $15,000, significantly below the estimated $43,000. Joby ended Q2 2025 with $991 million in cash and short-term investments. Cash usage for the quarter was $112 million, representing a 10% reduction compared to the previous quarter. The company’s total operating expenses increased 16% year-over-year, driven by research and development (R&D) expenses (+20.7%) and selling, general, and administrative (SG&A) expenses (+0.6%).

Joby projects total cash usage for 2025 to be between $500 million and $540 million. The company is focused on scaling production, progressing regulatory certification, and aviation partnerships globally, including with Toyota and ANA Holdings.

Joby Aviation, Inc. (NYSE:JOBY) is an aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger service. Its piloted aircraft is designed to carry four passengers at speeds up to 200 mph with zero operating emissions. The company aims to launch an aerial ridesharing service in urban markets, supported by strategic partnerships with Delta Air Lines, Toyota, and NASA.

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Disclosure: None. This article is originally published at Insider Monkey.