"Joby stopped being a pre-revenue story. The Blade passenger business acquisition drove Q4 revenue of $30.84 million against a $16.5 million consensus, and management guided full-year 2026 revenue of $105 million to $115 million."
"Archer kept executing, but mostly on paper. Revenue was $300,000 for all of 2025, and the company only offered EBITDA guidance, signaling a Q1 2026 adjusted EBITDA loss of $160 million to $180 million."
"Investors simply prized Joby's paying customers over Archer's paperwork. eVTOL enthusiasm cooled hard. Joby is down 30.7% year-to-date, even after last year's run."
Joby Aviation's acquisition of Blade boosted its Q4 2025 revenue to $30.84 million, surpassing expectations. Management forecasts 2026 revenue between $105 million and $115 million. Archer Aviation, despite achieving FAA compliance, reported only $300,000 in revenue for 2025 and projected significant EBITDA losses. Joby's tangible customer base and partnerships have made it more attractive to investors compared to Archer's reliance on future potential. Overall, Joby's performance indicates a shift in investor sentiment within the eVTOL market.
Read at 24/7 Wall St.
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