NYSE : JOBY
Joby Aviation, Inc. — Financial statements
Industrials · Airports & Air Services · United States
Last price 5.08 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.02B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Joby Aviation, Inc. (JOBY) reported revenue of 116.30M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 116.30M | 53.42M | 136.00K | 1.03M | ||
| Cost of Revenue | 76.42M | 29.33M | 67.00K | 200.00K | ||
| Gross Profit | 39.88M | 24.10M | 69.00K | 832.00K | ||
| Selling, General & Admin | 240.22M | 162.59M | 119.67M | 105.88M | 95.92M | 61.52M |
| Research & Development | 682.56M | 581.10M | 477.16M | 367.05M | 296.28M | 197.57M |
| Operating Expenses | 922.78M | 743.69M | 596.82M | 472.93M | 392.20M | 259.09M |
| Operating Income | -882.91M | -719.59M | -596.75M | -472.09M | -392.20M | -259.09M |
| Interest & Investment Income | 60.13M | 43.16M | 42.82M | 45.56M | 16.79M | |
| Earnings From Equity Investments | 19.46M | 29.41M | ||||
| Other Non Operating Income (Expenses) | -52.76M | -152.11M | -32.57M | -34.48M | 32.20M | 8.47M |
| EBT Excluding Unusual Items | -875.53M | -828.53M | -586.50M | -461.01M | -323.75M | -221.21M |
| Merger & Restructuring Charges | -9.09M | |||||
| Other Unusual Items | -1.15M | -100.00M | -21.40M | -51.90M | 65.80M | 39.44M |
| Pretax Income | -876.68M | -928.53M | -607.90M | -512.91M | -257.95M | -190.86M |
| Income Tax Expense | 1.47M | 1.31M | 129.00K | 139.00K | 92.00K | -10.54M |
| Net Income | -878.15M | -929.84M | -608.03M | -513.05M | -258.04M | -180.32M |
| Net Income to Common | -878.15M | -929.84M | -608.03M | -513.05M | -258.04M | -180.32M |
| Shares Outstanding (Basic) | 913.66M | 826.24M | 699.79M | 647.91M | 585.54M | 294.85M |
| Shares Outstanding (Diluted) | 913.66M | 826.24M | 699.79M | 647.91M | 585.54M | 294.85M |
| EPS (Basic) | -0.96 | -1.13 | -0.87 | -0.79 | -0.44 | -0.61 |
| EPS (Diluted) | -0.96 | -1.13 | -0.87 | -0.79 | -0.44 | -0.61 |
| Free Cash Flow | -743.33M | -563.81M | -476.88M | -344.43M | -290.81M | -228.09M |
| Free Cash Flow Per Share | -0.81 | -0.68 | -0.68 | -0.53 | -0.50 | -0.77 |
| Gross Margin | 34.29% | 45.10% | 50.73% | 80.62% | ||
| Operating Margin | -759.19% | -1,346.92% | -438,789.71% | -45,745.54% | ||
| Profit Margin | -755.11% | -1,740.46% | -447,083.82% | -49,714.15% | ||
| Free Cash Flow Margin | -639.18% | -1,055.33% | -350,650.00% | -33,374.81% | ||
| EBITDA | -838.78M | -679.43M | -561.18M | -441.60M | -368.21M | -243.15M |
| D&A For EBITDA | 44.13M | 40.16M | 35.57M | 30.49M | 24.00M | 15.94M |
| EBIT | -882.91M | -719.59M | -596.75M | -472.09M | -392.20M | -259.09M |
| Advertising Expenses | 300.00K | 200.00K | 200.00K | 100.00K | 200.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 629.86M | 240.81M | 199.63M | 204.02M | 146.10M | 955.56M |
| Short-Term Investments | 1.63B | 1.17B | 733.22M | 828.23M | 910.69M | 343.25M |
| Cash & Short-Term Investments | 2.26B | 1.41B | 932.85M | 1.03B | 1.06B | 1.30B |
| Other Receivables | 7.14M | 16.04M | 4.66M | 4.02M | 2.31M | |
| Receivables | 12.45M | 7.14M | 16.04M | 4.66M | 4.02M | 2.31M |
| Prepaid Expenses | 11.48M | 9.33M | 6.75M | 7.79M | 8.97M | 9.36M |
| Restricted Cash | 1.30M | 220.00K | 3.20M | |||
| Other Current Assets | 27.20M | 21.15M | 13.96M | 11.05M | 11.19M | 8.05M |
| Total Current Assets | 2.32B | 1.45B | 969.61M | 1.06B | 1.08B | 1.32B |
| Property, Plant & Equipment | 260.75M | 178.41M | 149.64M | 131.72M | 117.25M | 53.16M |
| Long-Term Investments | 20.31M | |||||
| Goodwill | 89.39M | 89.42M | 14.32M | 14.01M | 14.01M | 10.76M |
| Other Intangible Assets | 77.77M | 78.47M | 67.74M | 66.20M | 72.19M | 74.12M |
| Other Long-Term Assets | 8.02M | 3.02M | 2.16M | 1.76M | 5.35M | 11.47M |
| Total Assets | 2.75B | 1.80B | 1.20B | 1.27B | 1.29B | 1.49B |
| Accounts Payable | 8.27M | 3.60M | 4.26M | 3.01M | 7.71M | 3.64M |
| Accrued Expenses | 61.13M | 38.76M | 29.39M | 30.05M | 16.09M | 10.21M |
| Current Portion of Leases | 12.33M | 10.66M | 7.61M | 5.91M | 4.23M | |
| Current Unearned Revenue | 9.82M | 7.00M | 5.16M | 2.53M | ||
| Other Current Liabilities | 37.31M | 1.71M | 3.63M | 2.17M | ||
| Total Current Liabilities | 128.86M | 60.03M | 48.13M | 45.14M | 30.20M | 13.85M |
| Long-Term Debt | 701.87M | |||||
| Long-Term Leases | 33.51M | 33.61M | 30.04M | 30.76M | 24.43M | |
| Other Long-Term Liabilities | 121.21M | 291.72M | 212.93M | 159.18M | 73.61M | 157.75M |
| Total Liabilities | 985.45M | 385.36M | 291.10M | 235.07M | 128.24M | 171.60M |
| Common Stock | 99.00K | 91.00K | 78.00K | 70.00K | 61.00K | 60.00K |
| Additional Paid-In Capital | 4.91B | 4.19B | 2.77B | 2.28B | 1.91B | 1.79B |
| Retained Earnings | -3.14B | -2.79B | -1.86B | -1.25B | -734.65M | -476.61M |
| Comprehensive Income & Other | -6.13M | 1.52M | -583.00K | -480.00K | -8.85M | -122.00K |
| Total Common Equity | 1.77B | 1.41B | 912.36M | 1.03B | 1.16B | 1.32B |
| Shareholders' Equity | 1.77B | 1.41B | 912.36M | 1.03B | 1.16B | 1.32B |
| Total Liabilities & Equity | 2.75B | 1.80B | 1.20B | 1.27B | 1.29B | 1.49B |
| Total Debt | 747.71M | 44.27M | 37.65M | 36.67M | 28.67M | |
| Net Cash (Debt) | 1.52B | 1.36B | 895.20M | 995.58M | 1.03B | 1.30B |
| Net Cash Per Share | 1.66 | 1.65 | 1.28 | 1.54 | 1.76 | 4.40 |
| Filing Date Shares Outstanding | 989.12M | 979.33M | 787.82M | 702.86M | 628.59M | 605.80M |
| Total Common Shares Outstanding | 986.52M | 915.08M | 784.18M | 698.26M | 622.60M | 604.17M |
| Working Capital | 2.19B | 1.39B | 921.47M | 1.01B | 1.05B | 1.30B |
| Book Value Per Share | 1.79 | 1.54 | 1.16 | 1.48 | 1.87 | 2.18 |
| Tangible Book Value | 1.60B | 1.24B | 830.30M | 954.15M | 1.08B | 1.23B |
| Tangible Book Value Per Share | 1.62 | 1.36 | 1.06 | 1.37 | 1.73 | 2.04 |
| Land | 11.16M | 6.27M | 6.27M | 6.27M | 6.27M | |
| Buildings | 104.32M | 23.80M | 22.19M | 21.38M | 21.38M | |
| Machinery | 186.36M | 165.82M | 129.70M | 103.20M | 76.22M | 55.07M |
| Construction In Progress | 24.09M | 36.98M | 19.58M | 6.05M | 6.09M | 6.39M |
| Leasehold Improvements | 30.73M | 22.83M | 20.57M | 18.77M | 14.32M | 9.36M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -878.15M | -929.84M | -608.03M | -513.05M | -258.04M | -180.32M |
| Depreciation & Amortization | 44.13M | 40.16M | 35.57M | 30.49M | 24.00M | 15.94M |
| Asset Writedown & Restructuring Costs | 5.03M | |||||
| Loss (Gain) From Sale of Investments | -4.64M | -7.83M | -15.82M | -20.20M | -5.24M | 4.33M |
| Loss (Gain) on Equity Investments | -19.46M | -29.41M | ||||
| Stock-Based Compensation | 170.33M | 127.89M | 104.45M | 93.64M | 69.07M | 31.98M |
| Other Operating Activities | 57.52M | 252.11M | 53.97M | 86.38M | -98.00M | -48.42M |
| Change in Accounts Receivable | -13.27M | 9.04M | -11.80M | -573.00K | -1.82M | -11.81M |
| Change in Accounts Payable | 39.16M | -6.90M | 6.12M | 6.44M | 10.88M | 6.44M |
| Change in Other Net Operating Assets | -25.01M | 5.49M | -716.00K | 3.04M | 42.69M | 10.48M |
| Operating Cash Flow | -609.94M | -509.89M | -436.27M | -313.83M | -235.93M | -195.75M |
| Capital Expenditures | -133.39M | -53.92M | -40.62M | -30.60M | -54.89M | -32.34M |
| Cash Acquisitions | 3.49M | 3.45M | -5.71M | -6.85M | ||
| Investment in Securities | -981.00M | -424.95M | 111.38M | 110.90M | -570.19M | 20.46M |
| Investing Cash Flow | -1.11B | -475.42M | 70.76M | 80.30M | -630.79M | -18.74M |
| Long-Term Debt Issued | 74.97M | |||||
| Long-Term Debt Repaid | -1.63M | -2.44M | -844.00K | -1.04M | -1.18M | |
| Net Debt Issued (Repaid) | 718.85M | -1.63M | -2.44M | -844.00K | -1.04M | 73.79M |
| Issuance of Common Stock | 1.43B | 1.05B | 378.18M | 289.08M | 61.50M | 1.46M |
| Other Financing Activities | -126.06M | -20.38M | -14.63M | 1.02B | ||
| Financing Cash Flow | 2.02B | 1.03B | 361.11M | 288.24M | 60.46M | 1.09B |
| Net Cash Flow | 299.06M | 41.33M | -4.39M | 54.71M | -806.26M | 878.29M |
| Free Cash Flow | -743.33M | -563.81M | -476.88M | -344.43M | -290.81M | -228.09M |
| Free Cash Flow Margin | -639.18% | -1,055.33% | -350,650.00% | -33,374.81% | ||
| Free Cash Flow Per Share | -0.81 | -0.68 | -0.68 | -0.53 | -0.50 | -0.77 |
| Levered Free Cash Flow | -436.45M | -327.86M | -285.53M | -184.39M | -202.48M | -153.94M |
| Unlevered Free Cash Flow | -436.45M | -327.86M | -285.53M | -184.39M | -202.48M | -153.94M |
| Change in Working Capital | 877.00K | 7.63M | -6.40M | 8.91M | 51.75M | 5.11M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.01B | 12.04B | 6.22B | 4.63B | 2.08B | 4.41B |
| Enterprise Value | 3.49B | 11.10B | 5.55B | 3.55B | 1.01B | 3.05B |
| Last Close Price | 4.90 | 13.20 | 8.13 | 6.65 | 3.35 | 7.30 |
| PS Ratio | 41.68 | 225.28 | 45,736.36 | 4,486.94 | ||
| PB Ratio | 2.74 | 8.54 | 6.82 | 4.48 | 1.79 | 3.35 |
| P/TBV Ratio | 3.03 | 9.69 | 7.49 | 4.85 | 1.93 | 3.58 |
| EV/Sales Ratio | 28.64 | 207.82 | 40,780.69 | 3,437.99 | ||
| Debt / Equity Ratio | 0.42 | 0.03 | 0.04 | 0.04 | 0.03 | |
| Net Debt / Equity Ratio | -0.86 | -0.97 | -0.98 | -0.96 | -0.88 | -0.99 |
| Net Debt / EBITDA Ratio | 1.81 | 2.01 | 1.59 | 2.25 | 2.79 | 5.34 |
| Net Debt / FCF Ratio | 2.04 | 2.42 | 1.88 | 2.89 | 3.54 | 5.69 |
| Asset Turnover | 0.06 | 0.04 | 0.00 | 0.00 | ||
| Quick Ratio | 17.66 | 23.57 | 19.71 | 22.97 | 35.12 | 93.96 |
| Current Ratio | 17.98 | 24.09 | 20.14 | 23.39 | 35.90 | 95.22 |
| Return on Equity (ROE) | -65.90% | -80.09% | -62.47% | -46.66% | -20.80% | -20.02% |
| Return on Assets (ROA) | -27.51% | -30.00% | -30.16% | -23.03% | -17.63% | -16.31% |
| Return on Capital Employed (ROCE) | -33.70% | -41.50% | -51.70% | -38.60% | -31.10% | -17.60% |
| Earnings Yield | -18.98% | -7.73% | -9.78% | -11.08% | -12.39% | -4.09% |
| FCF Yield | -15.34% | -4.69% | -7.67% | -7.44% | -13.96% | -5.17% |
| Buyback Yield / Dilution | -22.15% | -18.07% | -8.01% | -10.65% | -98.59% | -183.66% |