B

BLADE

On-demand aerial passenger and cargo transport

Overview

Blade Air Mobility runs a technology-powered platform for urban air mobility, offering passenger and time-sensitive cargo flights using helicopters and amphibious aircraft. It uses an asset-light model, acting as an indirect air carrier by coordinating flights operated by DOT/FAA-licensed direct air carriers. The service covers the United States, Canada, Southern Europe, and India, with routes like Manhattan to New York City area airports, providing a faster alternative to congested ground transport. Revenue comes from selling seats on scheduled flights, chartering aircraft for private trips, and moving high-value cargo, including organs for transplant. The goal is to shorten travel and delivery times in crowded urban areas by coordinating efficient, on-demand air mobility services.

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About BLADE

Simplify's Rating
Why BLADE is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingAerospace

Company Size

201-500

Company Stage

IPO

Headquarters

New York City, New York

Founded

2014

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Simplify's take

What believers are saying

  • Q3 2026 revenue rose 50.3% to $74.1 million, driven by clinical acquisitions and growth.
  • Clinical revenue increased 20.3% sequentially in Q3 2026, despite a seasonally weaker transplant quarter.
  • Management reiterated 2026 guidance of $285 million to $295 million revenue and $33 million to $35 million EBITDA.

What critics are saying

  • Logistics revenue fell 6.9% sequentially in Q3 2026, exposing fragile non-clinical demand.
  • Management cited elevated part-time provider use and staff backfilling, signaling execution strain into 2027.
  • Joby controls the passenger business and infrastructure; Strata’s standalone moat narrows into medical transport alone.

What makes BLADE unique

  • Strata Critical Medical owns Blade’s transplant logistics and aviation dispatch expertise after the 2025 Joby sale.
  • Its 2025 commercial agreement gives eight-year medical transport first-look rights against competing providers.
  • It pairs clinical operations with transition services, shared contracts, and insurance arrangements from Joby’s carveout.

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Funding

Total Funding

$482.2M

Above

Industry Average

Funded Over

6 Rounds

Spac Private Placement funding comparison data is currently unavailable. We're working to provide this information soon!
Spac Private Placement Funding Comparison Coming Soon

Benefits

  • Flexible Work Hours

Growth & Insights and Company News

6 month growth

2%

1 year growth

0%

2 year growth

2%
Benzinga
Sep 11th, 2026
Joby Aviation files prospectus for 2.4M Blade earn-out shares as stock nears 52-week low

Joby Aviation filed a prospectus supplement covering up to 2.42 million shares for potential resale by Strata Critical Inc. The company will not receive proceeds from any resale. Joby issued the shares to Strata Critical on 8 September after the acquired Blade Air Mobility operations met specific EBITDA milestones. These shares represent approximately 0.24% of Joby's 996.3 million shares outstanding. Separately, Joby's autonomous J208 aircraft has begun a month-long, 10-state coast-to-coast tour. The aircraft was displayed in Fort Worth at the launch of the White House-supported eVTOL and Advanced Air Mobility Integration Pilot Program. Joby shares reached a new 52-week low of $6.25 on Thursday, having declined 53.87% over the past 12 months.

Yahoo Finance
Jan 27th, 2026
Strata Critical Medical expected to break even in 12 months with 171% growth rate

Strata Critical Medical, a US provider of time-critical logistics solutions and specialised medical services to healthcare providers, is expected to break even within 12 months, according to consensus from two analysts. The company posted a US$33 million loss in its latest trailing 12 months, widening from US$27 million the previous year. Analysts forecast a final loss in 2025 before the company turns a US$7 million profit in 2026. This projection requires an aggressive average annual growth rate of 171%. Notably, Strata Critical Medical operates with no debt on its balance sheet, relying entirely on shareholder funding. This unusual structure for a cash-burning growth company reduces refinancing risks and makes it a less risky investment proposition.

GlobeNewswire
Sep 16th, 2025
Strata Acquires Keystone Perfusion, Creating Integrated Organ Recovery Platform, Diversifying into Other Medical Services

Keystone is expected to generate approximately $65 million of revenue and approximately $13 million of Adjusted EBITDA(1) in the full-year 2025, with...

Helicopter Investor
Aug 15th, 2025
Joby Acquires Blade for $125M

Joby Aviation's acquisition of Blade Air Mobility will accelerate the commercialization of its eVTOL air taxi services. The acquisition provides Joby with Blade's customer base, routes, and infrastructure, reducing costs. Blade will operate as a subsidiary under CEO Rob Wiesenthal. Joby will pay up to $125 million, including $35 million in holdbacks. Blade's Medical division will become a separate company named Strata Critical Medical.

New York Post
Aug 4th, 2025
Joby Aviation Expands with $125M Blade Deal

Joby Aviation is expanding in NYC and globally with a $125 million acquisition of Blade Air Mobility's passenger business, as it nears FAA certification for passenger flights. The deal enhances Joby's infrastructure, adding terminals at JFK and Newark. Blade will restructure its medical transport division as Strata Critical Medical. Despite political concerns, Joby has bipartisan support and plans to launch commercial flights next year, with potential collaborations with Uber and Blade apps.

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