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Joby Aviation, Inc.(JOBY)Earnings, Financials & Key Ratios
JOBY•NYSE
$10.52
$10.34B mkt cap·Price updated May 6, 2026
AboutJoby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.Show more
- Revenue$53M+39183.1%
- EBITDA-$679M-21.1%
- Net Income-$930M-52.9%
- EPS (Diluted)-1.13-29.9%
- Gross Margin-30.06%-159.3%
- EBITDA Margin-1271.75%+99.7%
- Operating Margin-1346.92%+99.7%
- Net Margin-1740.46%+99.6%
- ROE-80.09%-28.2%
- ROIC-54.7%+1.9%
- Debt/Equity0.04+26.0%
JOBY Key Insights
Joby Aviation, Inc. (JOBY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗Profits declining 52.1% over 5 years
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 15 (bottom 15%)
- ✗Shares diluted 18.1% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
JOBY Price & Volume
Joby Aviation, Inc. (JOBY) stock price & volume — 10-year historical chart
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JOBY Growth Metrics
Joby Aviation, Inc. (JOBY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM39183.09%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-52.93%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-29.55%
Return on Capital
10 Years-36.66%
5 Years-38.59%
3 Years-45.97%
Last Year-49.79%
JOBY Recent Earnings
Joby Aviation, Inc. (JOBY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 4/12 qtrs (50%)
Q1 2026Latest
Feb 25, 2026EPS
$0.20
Est $0.20
+0.0%
Revenue
$31M
Est $16M
+90.6%
Q4 2025
Nov 5, 2025EPS
$0.26
Est $0.19
-35.6%
Revenue
$23M
Est $3M
+563.7%
Q3 2025
Aug 6, 2025EPS
$0.24
Est $0.18
-33.3%
Revenue
$15,000
Est $181,400
-91.7%
Q2 2025
May 7, 2025EPS
$0.18
Est $0.18
+0.0%
Revenue
—
Est $782,670
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.20vs $0.20+0.0% | $31Mvs $16M+90.6% |
| Q4 2025 | Nov 5, 2025 | $0.26vs $0.19-35.6% | $23Mvs $3M+563.7% |
| Q3 2025 | Aug 6, 2025 | $0.24vs $0.18-33.3% | $15,000vs $181,400-91.7% |
| Q2 2025 | May 7, 2025 | $0.18vs $0.18+0.0% | —vs $782,670 |
Based on last 12 quarters of dataView full earnings history →
JOBY Peer Comparison
Joby Aviation, Inc. (JOBY) competitors in Private aviation and charter services — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ACHR | 4.35B | 5.84 | -5.90 | -2060.67% | -37.76% | 0.02 | ||
 EVTL | 48.55M | 2.39 | -0.05 | |||||
 WKHS | 27.98M | 3.18 | -0.06 | -49.47% | -6.07% | -198.1% | 0.37 | |
 BA | 176.88B | 224.38 | 90.48 | 34.49% | 2.46% | 289.7% | 9.97 | |
 HEI | 23.35B | 277.33 | 56.60 | 16.26% | 15.38% | 12.93% | 3.69% | 0.50 |
 TDG | 67.28B | 1191.33 | 37.14 | 11.22% | 21.59% | 2.7% | ||
 UBER | 151.58B | 72.95 | 15.49 | 18.28% | 19.33% | 35.8% | 6.44% | 0.48 |
 AVAV | 8.32B | 166.69 | 107.54 | 14.5% | -13.93% | -6.41% | 0.07 |
Compare JOBY vs Peers
Joby Aviation, Inc. (JOBY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
JOBY Income Statement
Joby Aviation, Inc. (JOBY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 1.03M | 136K | 53.42M |
| Revenue Growth % | - | - | - | - | -86.82% | 39183.09% |
| Cost of Goods Sold | 0 | 0 | 0 | 200K | 67K | 69.49M |
| COGS % of Revenue | - | - | - | 19.38% | 49.26% | 130.06% |
| Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | 832K▲ 0% | 69K▼ 91.7% | -16.06M▼ 23376.8% |
| Gross Margin % | - | - | - | 80.62% | 50.74% | -30.06% |
| Gross Profit Growth % | - | - | - | - | -91.71% | -23376.81% |
| Operating Expenses | 132.24M | 259.09M | 392.2M | 472.93M | 596.82M | 703.53M |
| OpEx % of Revenue | - | - | - | 45826.16% | 438840.44% | 1316.86% |
| Selling, General & Admin | 23.5M | 61.52M | 95.92M | 105.88M | 119.67M | 122.43M |
| SG&A % of Revenue | - | - | - | 10259.4% | 87990.44% | 229.16% |
| Research & Development | 108.74M | 202.6M | 296.28M | 367.05M | 477.16M | 581.1M |
| R&D % of Revenue | - | - | - | 35566.76% | 350850% | 1087.69% |
| Other Operating Expenses | 0 | -5.03M | 0 | 0 | 0 | 0 |
| Operating Income | -132.24M▲ 0% | -259.09M▼ 95.9% | -392.2M▼ 51.4% | -472.09M▼ 20.4% | -596.75M▼ 26.4% | -719.59M▼ 20.6% |
| Operating Margin % | - | - | - | -45745.54% | -438789.71% | -1346.92% |
| Operating Income Growth % | - | -95.93% | -51.38% | -20.37% | -26.41% | -20.58% |
| EBITDA | -124.83M | -243.15M | -368.21M | -441.6M | -561.18M | -679.43M |
| EBITDA Margin % | - | - | - | -42790.79% | -412633.82% | -1271.75% |
| EBITDA Growth % | - | -94.78% | -51.43% | -19.93% | -27.08% | -21.07% |
| D&A (Non-Cash Add-back) | 7.4M | 15.94M | 24M | 30.49M | 35.57M | 40.16M |
| EBIT | -132.24M | -259.09M | -392.2M | -472.09M | -596.75M | -928.53M |
| Net Interest Income | 5.4M | -1.28M | 16.79M | 45.56M | 42.82M | 0 |
| Interest Income | 5.65M | 1.15M | 16.91M | 45.56M | 42.82M | 0 |
| Interest Expense | 249K | 2.43M | 118K | 0 | 0 | 0 |
| Other Income/Expense | 18.1M | 68.23M | 134.25M | -40.82M | -11.15M | -208.94M |
| Pretax Income | -114.13M▲ 0% | -190.86M▼ 67.2% | -257.95M▼ 35.2% | -512.91M▼ 98.8% | -607.9M▼ 18.5% | -928.53M▼ 52.7% |
| Pretax Margin % | - | - | - | -49700.68% | -446988.97% | -1738.02% |
| Income Tax | 31K | -10.54M | 92K | 139K | 129K | 1.31M |
| Effective Tax Rate % | -0.03% | 5.52% | -0.04% | -0.03% | -0.02% | -0.14% |
| Net Income | -114.16M▲ 0% | -180.32M▼ 58.0% | -258.04M▼ 43.1% | -513.05M▼ 98.8% | -608.03M▼ 18.5% | -929.84M▼ 52.9% |
| Net Margin % | - | - | - | -49714.15% | -447083.82% | -1740.46% |
| Net Income Growth % | - | -57.95% | -43.1% | -98.82% | -18.51% | -52.93% |
| Net Income (Continuing) | -114.16M | -180.32M | -258.04M | -513.05M | -608.03M | -929.84M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.19▲ 0% | -0.30▼ 57.9% | -0.44▼ 46.7% | -0.79▼ 79.5% | -0.87▼ 10.1% | -1.13▼ 29.9% |
| EPS Growth % | - | -57.89% | -46.67% | -79.55% | -10.13% | -29.89% |
| EPS (Basic) | -0.19 | -0.30 | -0.44 | -0.79 | -0.87 | -1.13 |
| Diluted Shares Outstanding | 603.89M | 591.49M | 585.54M | 647.91M | 699.79M | 826.24M |
| Basic Shares Outstanding | 603.89M | 591.49M | 585.54M | 647.91M | 699.79M | 826.24M |
| Dividend Payout Ratio | - | - | - | - | - | - |
JOBY Balance Sheet
Joby Aviation, Inc. (JOBY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 451.18M | 1.32B | 1.08B | 1.06B | 969.61M | 1.45B |
| Cash & Short-Term Investments | 445.92M | 1.3B | 1.06B | 1.03B | 932.85M | 1.41B |
| Cash Only | 77.34M | 955.56M | 146.1M | 204.02M | 199.63M | 241.03M |
| Short-Term Investments | 368.59M | 343.25M | 910.69M | 828.23M | 733.22M | 1.17B |
| Accounts Receivable | 2.23M | 2.31M | 4.02M | 4.66M | 16.04M | 7.14M |
| Days Sales Outstanding | - | - | - | 1.65K | 43.06K | 48.77 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 205K | 636K | 4.34M | 3.77M | 2.17M | 30.48M |
| Total Non-Current Assets | 46.07M | 169.81M | 208.81M | 213.68M | 233.86M | 349.31M |
| Property, Plant & Equipment | 34.13M | 53.16M | 117.25M | 131.72M | 149.64M | 178.41M |
| Fixed Asset Turnover | - | - | - | 0.01x | 0.00x | 0.30x |
| Goodwill | 0 | 0 | 14.01M | 14.01M | 14.32M | 89.42M |
| Intangible Assets | 0 | 25.27M | 12.58M | 6.58M | 8.13M | 18.86M |
| Long-Term Investments | 10.99M | 21.07M | 0 | 0 | 0 | 693K |
| Other Non-Current Assets | 955K | 70.32M | 64.96M | 61.37M | 61.77M | 61.93M |
| Total Assets | 497.25M▲ 0% | 1.49B▲ 199.3% | 1.29B▼ 13.1% | 1.27B▼ 1.8% | 1.2B▼ 5.2% | 1.8B▲ 49.2% |
| Asset Turnover | - | - | - | 0.00x | 0.00x | 0.03x |
| Asset Growth % | - | 199.31% | -13.13% | -1.82% | -5.2% | 49.16% |
| Total Current Liabilities | 8.01M | 13.85M | 30.2M | 45.14M | 48.13M | 60.03M |
| Accounts Payable | 4.93M | 3.64M | 7.71M | 3.01M | 4.26M | 3.6M |
| Days Payables Outstanding | - | - | - | 5.49K | 23.21K | 18.93 |
| Short-Term Debt | 244K | 1.04M | 0 | 0 | 0 | 8.4M |
| Deferred Revenue (Current) | 0 | 384K | 0 | 2.53M | 5.16M | 0 |
| Other Current Liabilities | 295K | 8.79M | 0 | 3.63M | 1.71M | 48.02M |
| Current Ratio | 56.36x | 95.22x | 35.90x | 23.39x | 20.14x | 24.09x |
| Quick Ratio | 56.36x | 95.22x | 35.90x | 23.39x | 20.14x | 24.09x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 772.42M | 157.75M | 98.04M | 189.94M | 242.97M | 325.33M |
| Long-Term Debt | 946K | 682K | 0 | 0 | 0 | 26.17M |
| Capital Lease Obligations | 661K | 672K | 23.61M | 26.35M | 26.18M | 26.17M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 770.81M | 156.39M | 74.43M | 163.59M | 216.79M | 273M |
| Total Liabilities | 780.42M | 171.6M | 128.24M | 235.07M | 291.1M | 385.36M |
| Total Debt | 2.64M | 2.39M | 27.32M | 30.66M | 31.21M | 60.74M |
| Net Debt | -74.69M | -953.17M | -118.78M | -173.36M | -168.42M | -180.29M |
| Debt / Equity | - | 0.00x | 0.02x | 0.03x | 0.03x | 0.04x |
| Debt / EBITDA | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - |
| Interest Coverage | -531.07x | -106.80x | -3323.75x | - | - | - |
| Total Equity | -283.17M▲ 0% | 1.32B▲ 565.0% | 1.16B▼ 11.5% | 1.03B▼ 11.2% | 912.36M▼ 11.8% | 1.41B▲ 54.5% |
| Equity Growth % | - | 565.01% | -11.54% | -11.19% | -11.79% | 54.51% |
| Book Value per Share | -0.47 | 2.23 | 1.99 | 1.60 | 1.30 | 1.71 |
| Total Shareholders' Equity | -283.17M | 1.32B | 1.16B | 1.03B | 912.36M | 1.41B |
| Common Stock | 0 | 60K | 61K | 70K | 78K | 91K |
| Retained Earnings | -296.29M | -476.61M | -734.65M | -1.25B | -1.86B | -2.79B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 527K | -122K | -8.85M | -480K | -583K | 1.52M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
JOBY Cash Flow Statement
Joby Aviation, Inc. (JOBY) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | -105.9M | -195.75M | -235.93M | -313.83M | -436.27M | -509.89M |
| Operating CF Margin % | - | - | - | -30409.98% | -320784.56% | -954.41% |
| Operating CF Growth % | - | -84.84% | -20.52% | -33.02% | -39.01% | -16.88% |
| Net Income | -114.16M | -180.32M | -258.04M | -513.05M | -608.03M | -929.84M |
| Depreciation & Amortization | 7.4M | 15.94M | 24M | 30.49M | 35.57M | 40.16M |
| Stock-Based Compensation | 7.18M | 26.93M | 69.07M | 93.64M | 104.45M | 0 |
| Deferred Taxes | 0 | -10.54M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -11.52M | -52.87M | -122.7M | 66.18M | 38.15M | 372.16M |
| Working Capital Changes | 5.2M | 5.11M | 51.75M | 8.91M | -6.4M | 7.63M |
| Change in Receivables | -3.1M | -11.81M | -1.82M | -573K | -11.8M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 8.38M | 6.44M | 10.88M | 6.44M | 6.12M | -6.9M |
| Cash from Investing | -393.16M | -18.74M | -630.79M | 80.3M | 70.76M | -475.42M |
| Capital Expenditures | -23.71M | -32.34M | -54.89M | -30.6M | -40.62M | -53.92M |
| CapEx % of Revenue | - | - | - | 2964.83% | 29865.44% | 100.92% |
| Acquisitions | 0 | -6.85M | -5.71M | 0 | 0 | 3.45M |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 69.22M | 1.09B | 60.46M | 288.24M | 361.11M | 1.03B |
| Debt Issued (Net) | 68.85M | 73.79M | -1.04M | -844K | -2.44M | -1.63M |
| Equity Issued (Net) | 70.23M | 1.02B | 61.5M | 289.08M | 12.86M | 1.03B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -69.86M | 0 | 0 | 0 | 350.69M | 0 |
| Net Change in Cash | -429.84M▲ 0% | 878.29M▲ 304.3% | -806.26M▼ 191.8% | 54.71M▲ 106.8% | -4.39M▼ 108.0% | 41.4M▲ 1043.1% |
| Free Cash Flow | -129.21M▲ 0% | -228.09M▼ 76.5% | -290.81M▼ 27.5% | -344.43M▼ 18.4% | -476.88M▼ 38.5% | -563.81M▼ 18.2% |
| FCF Margin % | - | - | - | -33374.81% | -350650% | -1055.33% |
| FCF Growth % | - | -76.53% | -27.5% | -18.44% | -38.46% | -18.23% |
| FCF per Share | -0.21 | -0.39 | -0.50 | -0.53 | -0.68 | -0.68 |
| FCF Conversion (FCF/Net Income) | 0.93x | 1.09x | 0.91x | 0.61x | 0.72x | 0.55x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
JOBY Key Ratios
Joby Aviation, Inc. (JOBY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -34.89% | -20.8% | -46.66% | -62.47% | -80.09% |
| Return on Invested Capital (ROIC) | - | -6789.54% | -41.74% | -37.13% | -55.77% | -54.7% |
| Gross Margin | - | - | - | 80.62% | 50.74% | -30.06% |
| Net Margin | - | - | - | -49714.15% | -447083.82% | -1740.46% |
| Debt / Equity | - | 0.00x | 0.02x | 0.03x | 0.03x | 0.04x |
| Interest Coverage | -531.07x | -106.80x | -3323.75x | - | - | - |
| FCF Conversion | 0.93x | 1.09x | 0.91x | 0.61x | 0.72x | 0.55x |
| Revenue Growth | - | - | - | - | -86.82% | 39183.09% |
JOBY SEC Filings & Documents
Joby Aviation, Inc. (JOBY) SEC filings — annual & quarterly reports (10-K, 10-Q)
JOBY Frequently Asked Questions
Joby Aviation, Inc. (JOBY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Joby Aviation, Inc. (JOBY) reported $53.4M in revenue for fiscal year 2025.
Joby Aviation, Inc. (JOBY) grew revenue by 39183.1% over the past year. This is strong growth.
Joby Aviation, Inc. (JOBY) reported a net loss of $929.8M for fiscal year 2025.
Dividend & Returns
Joby Aviation, Inc. (JOBY) has a return on equity (ROE) of -80.1%. Negative ROE indicates the company is unprofitable.
Joby Aviation, Inc. (JOBY) had negative free cash flow of $564.8M in fiscal year 2025, likely due to heavy capital investments.
Explore More JOBY
Joby Aviation, Inc. (JOBY) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates