This Aviation Stock is a Sure-Shot Growth Pick- JOBY

Second Quarter Financial Performance

In the second quarter of 2025, Joby Aviation (NYSE:JOBY) reported a net loss of $324.7 million, which included an operating loss of $167.9 million and an additional $156.7 million in other losses. The company’s Adjusted EBITDA stood at a loss of $131.6 million, driven primarily by ongoing investments in workforce, aircraft development, certification, and manufacturing activities.

Strategic Defense Collaboration with L3Harris

Joby also announced a strategic partnership with L3Harris to develop a gas turbine hybrid variant of its current aircraft, targeting low-altitude defense applications. This collaboration brings together Joby’s advanced commercial aircraft platform and manufacturing expertise with L3Harris’ proven capabilities in platform missionization. The hybrid aircraft is slated to begin flight testing in fall 2025, with operational demonstrations planned during government exercises in 2026.

Final Assembly Underway for FAA Flight Testing

Joby Aviation is entering a pivotal phase in its certification journey as it prepares for the final assembly of the first conforming aircraft intended for Type Inspection Authorization (TIA) flight testing. This aircraft is part of a broader fleet being readied to meet the Federal Aviation Administration’s (FAA) stringent certification standards. Joby’s own test pilots are expected to begin flight operations in 2025, followed shortly by FAA pilots who will directly assess the aircraft’s performance and safety. These evaluations represent a critical component of Stage 5—the final stage—of the FAA type certification process.

Recommendation

A “Speculative Buy” rating has been given on Joby Aviation (NYSE: JOBY) at the closing price of USD 15.86 per share as of September 22, 2025. This rating is driven by progress toward FAA certification and expanding defense opportunities. Final assembly of its first conforming aircraft and expected TIA flight testing in 2025 mark critical steps toward commercial launch. A new partnership with L3Harris to develop a hybrid defense variant adds a high-potential revenue stream. Despite near-term losses, Joby is well-positioned for long-term growth in both commercial and government markets.