v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
YearSummary Comp. Table Total for CEOCompensation Actually Paid to CEO
Average Summary Comp. Table Total for Non-CEO NEOs(1)
Average Compensation Actually Paid to Non-CEO NEOsValue of Initial Fixed $100 Investment Based On:Net IncomeCompany Selected Measure
TSR
Peer Group TSR(2)
20253,706,622 3,702,215 5,378,614 7,262,285 131.61 68.24 (929,842)n/a
20243,706,090 3,691,037 3,043,807 2,941,380 81.06 60.24 (608,034)n/a
20234,095,534 4,955,399 2,214,064 3,924,250 66.30 53.69 (513,050)n/a
20228,612,643 5,403,553 2,407,897 (437,128)33.40 31.78 (258,043)
n/a
2021404,000 404,000 8,212,877 7,177,713 72.7869.08(180,324)
n/a
       
Named Executive Officers, Footnote Amounts represent compensation actually paid to our Principal Executive Officer (PEO) and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:
YearPEONon-PEO NEOs
2025
JoeBen Bevirt
Rodrigo Brumana, Didier Papadopoulos, Kate DeHoff, Bonny Simi and Nick Kalayjian
2024
JoeBen Bevirt
Matthew Field, Didier Papadopoulos, Kate DeHoff, Bonny Simi and Eric Allison
2023
JoeBen Bevirt
Matthew Field, Didier Papadopoulos, Kate DeHoff and Bonny Simi
2022JoeBen Bevirt
Matthew Field, Didier Papadopoulos, Kate DeHoff and Bonny Simi
2021JoeBen BevirtMatthew Field and Eric Allison
       
Peer Group Issuers, Footnote For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of a peer group consisting of Archer Aviation Inc., Eve Holding, Inc., Joby Aviation, Inc., Lilium N.V., Vertical Aerospace Ltd. (“Peer Group”), as used in the Stock Performance Graph disclosed under Item 5 of our Annual Report on Form 10-K for the year ended December 31, 2025. The amount reflected shows the annual change in value of $100 invested in the Peer Group on August 10, 2021, the date of our Merger with RTP, and assumes reinvestment of dividends, if any. Each of the companies in our Peer Group went public via merger with a special purpose acquisition company (“SPAC”). For Peer Group companies that completed their SPAC merger after August 10, 2021, the cumulative return for the Peer Group was weighted based on the market capitalization of each company based on the date of its SPAC merger. Shares of Lilium N.V. were suspended from trading on November 6, 2024, and subsequently
delisted from the Nasdaq Global Select Market. The Peer Group TSR assumes a share prices of $0.00 for shares of Lilium common stock after delisting.
       
PEO Total Compensation Amount $ 3,706,622 $ 3,706,090 $ 4,095,534 $ 8,612,643 $ 404,000
PEO Actually Paid Compensation Amount $ 3,702,215 3,691,037 4,955,399 5,403,553 404,000
Adjustment To PEO Compensation, Footnote
Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
2025
AdjustmentsPEOAverage Non-PEO NEOs
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY(3,045,189)(4,810,707)
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End5,094,2506,474,442
Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End(1,324,665)495,727
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date
Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date430,194275,452
Deduction for Awards Granted during Prior FY that failed to meet the applicable vesting conditions during the Applicable FY.

(1,158,997)(551,243)
TOTAL ADJUSTMENTS(4,407)1,883,671
       
Non-PEO NEO Average Total Compensation Amount $ 5,378,614 3,043,807 2,214,064 2,407,897 8,212,877
Non-PEO NEO Average Compensation Actually Paid Amount $ 7,262,285 2,941,380 3,924,250 (437,128) 7,177,713
Adjustment to Non-PEO NEO Compensation Footnote
Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
2025
AdjustmentsPEOAverage Non-PEO NEOs
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY(3,045,189)(4,810,707)
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End5,094,2506,474,442
Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End(1,324,665)495,727
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date
Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date430,194275,452
Deduction for Awards Granted during Prior FY that failed to meet the applicable vesting conditions during the Applicable FY.

(1,158,997)(551,243)
TOTAL ADJUSTMENTS(4,407)1,883,671
       
Compensation Actually Paid vs. Total Shareholder Return
The charts below are based on the information provided in the above table to illustrate the relationships between the Company’s compensation actually paid to the PEO and the average compensation actually paid to the Company’s non-PEO NEOs, with (i) the Company’s cumulative TSR and peer group TSR, and (ii) the Company’s net income (loss).
9715
       
Compensation Actually Paid vs. Net Income 9717        
Total Shareholder Return Vs Peer Group
The charts below are based on the information provided in the above table to illustrate the relationships between the Company’s compensation actually paid to the PEO and the average compensation actually paid to the Company’s non-PEO NEOs, with (i) the Company’s cumulative TSR and peer group TSR, and (ii) the Company’s net income (loss).
9715
       
Total Shareholder Return Amount $ 131.61 81.06 66.30 33.40 72.78
Peer Group Total Shareholder Return Amount 68.24 60.24 53.69 31.78 69.08
Net Income (Loss) $ (929,842,000) $ (608,034,000) $ (513,050,000) $ (258,043,000) $ (180,324,000)
PEO Name JoeBen Bevirt JoeBen Bevirt JoeBen Bevirt JoeBen Bevirt JoeBen Bevirt
Additional 402(v) Disclosure Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (i) for solely service-vesting RSU awards, the closing price per share on the applicable year-end date(s) or, in the case of vesting dates, the closing price per share on the applicable vesting date(s); (ii) for performance-based RSU awards, the same valuation methodology as RSU awards above except that the year-end values are multiplied by the probability of achievement of the applicable performance objective as of the applicable date; and (iii) for stock options, a Black Scholes value as of the applicable year-end or vesting date(s), determined based on the same methodology as used to determine grant date fair value but using the closing stock price on the applicable revaluation date as the current market price and with an expected life set equal to the remaining life of the award in the case of underwater stock options and, in the case of in the money options, an expected life equal to the original ratio of expected life relative to the ten year contractual life multiplied times the remaining life as of the applicable revaluation date, and in all cases based on volatility and risk free rates determined as of the revaluation date based on the expected life period and based on an expected dividend rate of 0%. For additional information on the assumptions used to calculate the valuation of the awards, see the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (4,407)        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,045,189)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,094,250        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,324,665)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 430,194        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,158,997)        
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,883,671        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,810,707)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,474,442        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 495,727        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 275,452        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (551,243)