Joby Aviation, Inc. (JOBY) 10-Year Financial Performance & Capital Metrics

JOBY • • Industrial / General

IndustrialsAirlines & AirportsEmerging Air MobilityElectric & Advanced Air Mobility

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 $136K -86.8%
EBITDA -$561M -27.1%
Net Income -$608M -18.5%
EPS (Diluted) -0.87 -10.1%
Gross Margin 50.74% -37.1%
EBITDA Margin -412633.82% -864.3%
Operating Margin -438789.71% -859.2%
Net Margin -447083.82% -799.3%
ROE -62.47% -33.9%
ROIC -55.77% -50.2%
Debt/Equity 0.03 +15.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 83 (top 17%)

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Expensive at 11.7x book value
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM1934.5%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-121.15%

EPS CAGR

10Y-

5Y-

3Y-

TTM-95.65%

ROCE

10Y Avg-34.04%

5Y Avg-34.04%

3Y Avg-38.93%

Latest-50.16%

Peer Comparison

Electric & Advanced Air Mobility

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MATHMetalpha Technology Holding Limited	84.53M	2.14	5.22	165.85%	35.66%	-56.59%	0.03%	0.01
SRFMSurf Air Mobility Inc.	161.22M	2.55	-0.44	97.38%	-66.95%
JOBYJoby Aviation, Inc.	13.93B	15.28	-17.56	-86.82%	-46.57%	-117.64%		0.03

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0	1.03M	136K
Revenue Growth %	-	-	-	-	-0.87%
Cost of Goods Sold+	0	0	0	200K	67K
COGS % of Revenue	-	-	-	0.19%	0.49%
Gross Profit+	0	0	0	832K	69K
Gross Margin %	-	-	-	0.81%	0.51%
Gross Profit Growth %	-	-	-	-	-0.92%
Operating Expenses+	132.24M	259.09M	392.2M	472.93M	596.82M
OpEx % of Revenue	-	-	-	458.26%	4388.4%
Selling, General & Admin	23.5M	61.52M	95.92M	105.88M	119.67M
SG&A % of Revenue	-	-	-	102.59%	879.9%
Research & Development	108.74M	202.6M	296.28M	367.05M	477.16M
R&D % of Revenue	-	-	-	355.67%	3508.5%
Other Operating Expenses	0	-5.03M	0	0	0
Operating Income+	-132.24M	-259.09M	-392.2M	-472.09M	-596.75M
Operating Margin %	-	-	-	-457.46%	-4387.9%
Operating Income Growth %	-	-0.96%	-0.51%	-0.2%	-0.26%
EBITDA+	-124.83M	-243.15M	-368.21M	-441.6M	-561.18M
EBITDA Margin %	-	-	-	-427.91%	-4126.34%
EBITDA Growth %	-	-0.95%	-0.51%	-0.2%	-0.27%
D&A (Non-Cash Add-back)	7.4M	15.94M	24M	30.49M	35.57M
EBIT	-132.24M	-259.09M	-392.2M	-472.09M	-596.75M
Net Interest Income+	5.4M	-1.28M	16.79M	45.56M	42.82M
Interest Income	5.65M	1.15M	16.91M	45.56M	42.82M
Interest Expense	249K	2.43M	118K	0	0
Other Income/Expense	18.1M	68.23M	134.25M	-40.82M	-11.15M
Pretax Income+	-114.13M	-190.86M	-257.95M	-512.91M	-607.9M
Pretax Margin %	-	-	-	-497.01%	-4469.89%
Income Tax+	31K	-10.54M	92K	139K	129K
Effective Tax Rate %	1%	0.94%	1%	1%	1%
Net Income+	-114.16M	-180.32M	-258.04M	-513.05M	-608.03M
Net Margin %	-	-	-	-497.14%	-4470.84%
Net Income Growth %	-	-0.58%	-0.43%	-0.99%	-0.19%
Net Income (Continuing)	-114.16M	-180.32M	-258.04M	-513.05M	-608.03M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	-0.19	-0.30	-0.44	-0.79	-0.87
EPS Growth %	-	-0.58%	-0.47%	-0.8%	-0.1%
EPS (Basic)	-0.19	-0.30	-0.44	-0.79	-0.87
Diluted Shares Outstanding	603.89M	591.49M	585.54M	647.91M	699.79M
Basic Shares Outstanding	603.89M	591.49M	585.54M	647.91M	699.79M
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	451.18M	1.32B	1.08B	1.06B	969.61M
Cash & Short-Term Investments	445.92M	1.3B	1.06B	1.03B	932.85M
Cash Only	77.34M	955.56M	146.1M	204.02M	199.63M
Short-Term Investments	368.59M	343.25M	910.69M	828.23M	733.22M
Accounts Receivable	2.23M	2.31M	4.02M	4.66M	16.04M
Days Sales Outstanding	-	-	-	1.65K	43.06K
Inventory	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-
Other Current Assets	205K	636K	4.34M	3.77M	2.17M
Total Non-Current Assets+	46.07M	169.81M	208.81M	213.68M	233.86M
Property, Plant & Equipment	34.13M	53.16M	117.25M	131.72M	149.64M
Fixed Asset Turnover	-	-	-	0.01x	0.00x
Goodwill	0	0	14.01M	14.01M	14.32M
Intangible Assets	0	25.27M	12.58M	6.58M	8.13M
Long-Term Investments	10.99M	21.07M	0	0	0
Other Non-Current Assets	955K	70.32M	64.96M	61.37M	61.77M
Total Assets+	497.25M	1.49B	1.29B	1.27B	1.2B
Asset Turnover	-	-	-	0.00x	0.00x
Asset Growth %	-	1.99%	-0.13%	-0.02%	-0.05%
Total Current Liabilities+	8.01M	13.85M	30.2M	45.14M	48.13M
Accounts Payable	4.93M	3.64M	7.71M	3.01M	4.26M
Days Payables Outstanding	-	-	-	5.49K	23.21K
Short-Term Debt	244K	1.04M	0	0	0
Deferred Revenue (Current)	0	384K	0	1000K	1000K
Other Current Liabilities	295K	8.79M	0	3.63M	1.71M
Current Ratio	56.36x	95.22x	35.90x	23.39x	20.14x
Quick Ratio	56.36x	95.22x	35.90x	23.39x	20.14x
Cash Conversion Cycle	-	-	-	-	-
Total Non-Current Liabilities+	772.42M	157.75M	98.04M	189.94M	242.97M
Long-Term Debt	946K	682K	0	0	0
Capital Lease Obligations	661K	672K	23.61M	26.35M	26.18M
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	770.81M	156.39M	74.43M	163.59M	216.79M
Total Liabilities	780.42M	171.6M	128.24M	235.07M	291.1M
Total Debt+	2.64M	2.39M	27.32M	30.66M	31.21M
Net Debt	-74.69M	-953.17M	-118.78M	-173.36M	-168.42M
Debt / Equity	-	0.00x	0.02x	0.03x	0.03x
Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-
Interest Coverage	-531.07x	-106.80x	-3323.75x	-	-
Total Equity+	-283.17M	1.32B	1.16B	1.03B	912.36M
Equity Growth %	-	5.65%	-0.12%	-0.11%	-0.12%
Book Value per Share	-0.47	2.23	1.99	1.60	1.30
Total Shareholders' Equity	-283.17M	1.32B	1.16B	1.03B	912.36M
Common Stock	0	60K	61K	70K	78K
Retained Earnings	-296.29M	-476.61M	-734.65M	-1.25B	-1.86B
Treasury Stock	0	0	0	0	0
Accumulated OCI	527K	-122K	-8.85M	-480K	-583K
Minority Interest	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-105.9M	-195.75M	-235.93M	-313.83M	-436.27M
Operating CF Margin %	-	-	-	-304.1%	-3207.85%
Operating CF Growth %	-	-0.85%	-0.21%	-0.33%	-0.39%
Net Income	-114.16M	-180.32M	-258.04M	-513.05M	-608.03M
Depreciation & Amortization	7.4M	15.94M	24M	30.49M	35.57M
Stock-Based Compensation	7.18M	26.93M	69.07M	93.64M	104.45M
Deferred Taxes	0	-10.54M	0	0	0
Other Non-Cash Items	-11.52M	-52.87M	-122.7M	66.18M	38.15M
Working Capital Changes	5.2M	5.11M	51.75M	8.91M	-6.4M
Change in Receivables	-3.1M	-11.81M	-1.82M	-573K	-11.8M
Change in Inventory	0	0	0	0	0
Change in Payables	8.38M	6.44M	10.88M	6.44M	6.12M
Cash from Investing+	-393.16M	-18.74M	-630.79M	80.3M	70.76M
Capital Expenditures	-23.71M	-32.34M	-54.89M	-30.6M	-40.62M
CapEx % of Revenue	-	-	-	29.65%	298.65%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	0	0	0	0	0
Cash from Financing+	69.22M	1.09B	60.46M	288.24M	361.11M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	-69.86M	0	0	0	350.69M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	-129.21M	-228.09M	-290.81M	-344.43M	-476.88M
FCF Margin %	-	-	-	-333.75%	-3506.5%
FCF Growth %	-	-0.77%	-0.28%	-0.18%	-0.38%
FCF per Share	-0.21	-0.39	-0.50	-0.53	-0.68
FCF Conversion (FCF/Net Income)	0.93x	1.09x	0.91x	0.61x	0.72x
Interest Paid	0	0	0	0	0
Taxes Paid	0	0	0	0	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-34.89%	-20.8%	-46.66%	-62.47%
Return on Invested Capital (ROIC)	-	-6789.54%	-41.74%	-37.13%	-55.77%
Gross Margin	-	-	-	80.62%	50.74%
Net Margin	-	-	-	-49714.15%	-447083.82%
Debt / Equity	-	0.00x	0.02x	0.03x	0.03x
Interest Coverage	-531.07x	-106.80x	-3323.75x	-	-
FCF Conversion	0.93x	1.09x	0.91x	0.61x	0.72x
Revenue Growth	-	-	-	-	-86.82%

Frequently Asked Questions

Growth & Financials

Joby Aviation, Inc. (JOBY) reported $22.6M in revenue for fiscal year 2024.

Joby Aviation, Inc. (JOBY) saw revenue decline by 86.8% over the past year.

Joby Aviation, Inc. (JOBY) reported a net loss of $1.05B for fiscal year 2024.

Dividend & Returns

Joby Aviation, Inc. (JOBY) has a return on equity (ROE) of -62.5%. Negative ROE indicates the company is unprofitable.

Joby Aviation, Inc. (JOBY) had negative free cash flow of $533.7M in fiscal year 2024, likely due to heavy capital investments.

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