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Joby Aviation (JOBY) Financials

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$11.47 -0.05 (-0.47%)
Closing price 03:59 PM Eastern
Extended Trading
$11.44 -0.02 (-0.18%)
As of 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Joby Aviation

Annual Income Statements for Joby Aviation

This table shows Joby Aviation's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -114 -180 -258 -513 -608 -930
Consolidated Net Income / (Loss)		 -114 -180 -258 -513 -608 -930
Net Income / (Loss) Continuing Operations		 -114 -180 -258 -513 -608 -930
Total Pre-Tax Income 		-114 -191 -258 -513 -608 -929
Total Revenue		 5.40 50 17 46 43 2.91
Net Interest Income / (Expense)		 5.40 0.00 17 46 43 43
Total Interest Income		 5.65 0.00 17 46 43 43
Investment Securities Interest Income		 5.65 - 17 46 43 43
Total Interest Expense		 0.25 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 0.00 50 0.00 0.00 0.00 -40
Net Realized & Unrealized Capital Gains on Investments		 0.00 50 - 0.00 0.00 -40
Total Non-Interest Expense		 132 268 392 472 597 720
Marketing Expense		 109 198 296 367 477 581
Other Operating Expenses		 23 62 96 106 120 192
Other Special Charges		 - 0.00 0.00 -1.03 -0.14 -53
Nonoperating Income / (Expense), net		 13 27 117 -86 -54 -212
Income Tax Expense		 0.03 -11 0.09 0.14 0.13 1.31
Basic Earnings per Share		 ($1.10) ($0.61) ($0.44) ($0.79) ($0.87) ($1.13)
Weighted Average Basic Shares Outstanding		 103.95M 294.85M 585.54M 647.91M 699.79M 826.24M
Diluted Earnings per Share		 ($1.10) ($0.61) ($0.44) ($0.79) ($0.87) ($1.13)
Weighted Average Diluted Shares Outstanding		 103.95M 294.85M 585.54M 647.91M 699.79M 826.24M
Weighted Average Basic & Diluted Shares Outstanding		 103.95M 294.85M 628.59M 702.86M 787.82M 979.33M
Cash Dividends to Common per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Quarterly Income Statements for Joby Aviation

This table shows Joby Aviation's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1.53 -115 -95 -123 -144 -246 -82 -325 -401 -122 -110
Consolidated Net Income / (Loss)		 1.53 -115 -95 -123 -144 -246 -82 -325 -401 -122 -110
Net Income / (Loss) Continuing Operations		 1.53 -115 -95 -123 -144 -246 -82 -325 -401 -122 -110
Total Pre-Tax Income 		1.55 -115 -95 -123 -143 -247 -82 -325 -401 -120 -110
Total Revenue		 116 122 12 21 9.56 -31 9.90 -116 32 77 42
Net Interest Income / (Expense)		 0.00 35 12 11 9.53 22 9.90 9.85 9.67 14 18
Total Interest Income		 0.00 35 12 11 9.53 22 9.90 9.85 9.67 14 18
Investment Securities Interest Income		 - - 12 11 9.53 - 9.90 9.85 9.67 14 18
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 116 87 0.00 9.81 0.03 -53 0.00 -126 23 63 24
Other Non-Interest Income		 - - - - 0.03 - - - 23 - 24
Total Non-Interest Expense		 128 128 146 144 157 150 163 168 204 184 258
Marketing Expense		 101 102 116 113 126 122 134 136 149 161 177
Other Operating Expenses		 28 27 30 31 31 28 29 31 55 76 80
Nonoperating Income / (Expense), net		 14 - 39 0.00 3.84 - 71 -40 -229 -13 106
Income Tax Expense		 0.03 0.02 0.04 0.01 0.55 -0.47 0.04 0.11 0.08 1.08 0.17
Basic Earnings per Share		 $0.00 ($0.15) ($0.14) ($0.18) ($0.21) ($0.34) ($0.11) ($0.41) ($0.48) ($0.13) ($0.12)
Weighted Average Basic Shares Outstanding		 672.56M 647.91M 681.75M 689.32M 695.01M 699.79M 766.91M 796.80M 844.55M 826.24M 943.50M
Diluted Earnings per Share		 $0.00 ($0.15) ($0.14) ($0.18) ($0.21) ($0.34) ($0.11) ($0.41) ($0.48) ($0.13) ($0.12)
Weighted Average Diluted Shares Outstanding		 691.46M 647.91M 681.75M 689.32M 695.01M 699.79M 766.91M 796.80M 844.55M 826.24M 943.50M
Weighted Average Basic & Diluted Shares Outstanding		 696.32M 702.86M 708.44M 716.14M 765.09M 787.82M 791.80M 855.98M 911.78M 979.33M 983.64M

Annual Cash Flow Statements for Joby Aviation

This table details how cash moves in and out of Joby Aviation's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -430 878 -806 55 -4.39 41
Net Cash From Operating Activities		 -106 -196 -236 -314 -436 -510
Net Cash From Continuing Operating Activities		 -106 -196 -236 -314 -436 -510
Net Income / (Loss) Continuing Operations		 -114 -180 -258 -513 -608 -930
Consolidated Net Income / (Loss)		 -114 -180 -258 -513 -608 -930
Depreciation Expense		 7.40 16 24 30 36 40
Amortization Expense		 1.18 7.23 -5.24 -20 -16 -7.83
Non-Cash Adjustments to Reconcile Net Income		 -5.52 -44 -48 180 158 380
Changes in Operating Assets and Liabilities, net		 5.20 5.11 52 8.91 -6.40 7.63
Net Cash From Investing Activities		 -393 -19 -631 80 71 -475
Net Cash From Continuing Investing Activities		 -393 -19 -631 80 71 -475
Purchase of Property, Leasehold Improvements and Equipment		 -24 -32 -55 -31 -41 -54
Purchase of Investment Securities		 -621 -408 -1,365 -810 -604 -1,167
Sale and/or Maturity of Investments		 251 422 789 921 715 745
Net Cash From Financing Activities		 69 1,093 60 288 361 1,027
Net Cash From Continuing Financing Activities		 69 1,093 60 288 361 1,027
Issuance of Common Equity		 0.00 0.00 60 287 377 1,012
Repayment of Debt		 -1.01 -1.18 -1.04 -0.84 -2.44 -1.63
Other Financing Activities, Net		 0.37 1,019 1.44 2.06 -13 16

Quarterly Cash Flow Statements for Joby Aviation

This table details how cash moves in and out of Joby Aviation's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 98 -276 -93 65 -23 47 -77 214 -128 32 634
Net Cash From Operating Activities		 -80 -83 -107 -99 -110 -120 -111 -107 -139 -153 -144
Net Cash From Continuing Operating Activities		 -80 -83 -107 -99 -110 -120 -111 -107 -139 -153 -144
Net Income / (Loss) Continuing Operations		 1.53 -115 -95 -123 -144 -246 -82 -325 -401 -122 -110
Consolidated Net Income / (Loss)		 1.53 -115 -95 -123 -144 -246 -82 -325 -401 -122 -110
Depreciation Expense		 7.83 8.14 8.51 8.69 8.90 9.48 9.13 9.75 10 11 11
Amortization Expense		 -4.75 -5.76 -5.49 -3.98 -3.48 -2.87 -3.70 -1.43 -2.16 -0.54 -0.86
Non-Cash Adjustments to Reconcile Net Income		 -89 24 -12 19 24 128 -44 193 262 -31 -62
Changes in Operating Assets and Liabilities, net		 4.06 5.79 -3.05 1.20 4.61 -9.15 10 17 -8.04 -11 17
Net Cash From Investing Activities		 178 -196 13 159 88 -189 32 25 -123 -409 -505
Net Cash From Continuing Investing Activities		 178 -196 13 159 88 -189 32 25 -123 -409 -505
Purchase of Property, Leasehold Improvements and Equipment		 -8.59 -7.87 -6.89 -8.45 -9.86 -15 -15 -12 -13 -14 -78
Purchase of Investment Securities		 -153 -376 -160 -9.90 -139 -295 -127 -159 -307 -575 -556
Sale and/or Maturity of Investments		 340 187 180 177 237 122 173 195 197 180 128
Net Cash From Financing Activities		 -0.03 3.39 0.54 4.75 -0.63 356 2.04 296 135 594 1,284
Net Cash From Continuing Financing Activities		 -0.03 3.39 0.54 4.75 -0.63 356 2.04 296 135 594 1,284
Issuance of Debt		 - - - - - - 0.00 - - - 721
Issuance of Common Equity		 -0.17 5.26 0.00 4.94 - 373 2.07 298 103 608 600
Repayment of Debt		 -0.23 -0.15 -0.47 -0.48 -0.83 -0.65 -0.49 -0.37 -0.34 -0.43 -21
Other Financing Activities, Net		 0.37 -1.72 1.01 0.28 0.20 -16 0.46 -2.03 32 -14 -16

Annual Balance Sheets for Joby Aviation

This table presents Joby Aviation's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 497 1,488 1,293 1,269 1,203 1,795
Cash and Due from Banks		 77 956 146 204 200 241
Restricted Cash		 0.69 0.76 3.97 0.76 0.76 0.91
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 34 53 92 103 121 147
Goodwill		 0.00 11 14 14 14 89
Intangible Assets		 0.00 15 13 6.59 8.13 19
Other Assets		 374 433 1,024 941 860 1,298
Total Liabilities & Shareholders' Equity		 497 1,488 1,293 1,269 1,203 1,795
Total Liabilities		 12 172 128 235 291 385
Short-Term Debt		 5.47 3.64 7.71 3.01 4.26 3.60
Accrued Interest Payable		 1.75 0.00 3.71 4.31 5.03 8.40
Other Short-Term Payables		 - 10 19 38 39 48
Long-Term Debt		 0.95 - - - - 0.00
Other Long-Term Liabilities		 2.50 158 98 190 243 325
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -283 1,317 1,165 1,034 912 1,410
Total Preferred & Common Equity		 -283 1,317 1,165 1,034 912 1,410
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -283 1,317 1,165 1,034 912 1,410
Common Stock		 13 1,793 1,908 2,283 2,769 4,194
Retained Earnings		 -296 -477 -735 -1,248 -1,856 -2,786
Accumulated Other Comprehensive Income / (Loss)		 0.53 -0.12 -8.85 -0.48 -0.58 1.52

Quarterly Balance Sheets for Joby Aviation

This table presents Joby Aviation's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,274 1,219 1,427 1,350 1,164 1,078 964 1,084 1,260 1,366 2,928
Cash and Due from Banks		 194 50 383 480 111 175 152 122 336 208 875
Restricted Cash		 3.97 3.00 0.76 0.76 0.76 0.76 0.76 0.76 0.69 1.04 0.86
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 63 93 93 100 104 106 112 130 135 140 211
Goodwill		 14 14 14 14 14 14 14 14 14 90 89
Intangible Assets		 14 11 9.56 7.99 5.01 11 9.56 6.91 5.69 21 20
Other Assets		 972 1,048 927 746 930 771 675 810 768 905 1,731
Total Liabilities & Shareholders' Equity		 1,274 1,219 1,427 1,350 1,164 1,078 964 1,084 1,260 1,366 2,928
Total Liabilities		 114 149 342 240 189 183 183 225 362 470 970
Short-Term Debt		 4.30 3.93 4.06 4.79 3.73 5.31 4.94 4.86 4.51 13 7.89
Accrued Interest Payable		 - 3.55 3.81 4.03 4.49 4.70 4.85 5.44 5.57 8.47 9.03
Other Short-Term Payables		 25 23 36 41 30 33 36 37 49 53 97
Long-Term Debt		 - - - - - - - - - - 701
Other Long-Term Liabilities		 85 119 298 190 151 140 137 177 303 395 155
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,160 1,069 1,085 1,109 975 895 781 859 898 896 1,958
Total Preferred & Common Equity		 1,160 1,069 1,085 1,109 975 895 781 859 898 896 1,958
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,160 1,069 1,085 1,109 975 895 781 859 898 896 1,958
Common Stock		 1,837 1,923 2,223 2,245 2,319 2,362 2,390 2,798 3,162 3,560 4,856
Retained Earnings		 -668 -848 -1,134 -1,133 -1,342 -1,466 -1,609 -1,938 -2,263 -2,664 -2,896
Accumulated Other Comprehensive Income / (Loss)		 -9.53 -5.57 -4.44 -2.75 -1.58 -2.03 0.68 -0.67 -0.55 0.62 -3.19

Annual Metrics And Ratios for Joby Aviation

This table displays calculated financial ratios and metrics derived from Joby Aviation's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - 911,783,173.00
DEI Adjusted Shares Outstanding		 - - - - - 911,783,173.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -1.02
Growth Metrics		 - - - - - -
Profitability Metrics		 - - - - - -
Valuation Ratios		 - - - - - -
Leverage & Solvency		 - - - - - -
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Efficiency Ratios		 - - - - - -
Capital & Investment Metrics		 - - - - - -
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.61) ($0.44) ($0.79) ($0.87) ($1.13)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 605.80M 585.54M 647.91M 699.79M 826.24M
Adjusted Diluted Earnings per Share		 $0.00 ($0.61) ($0.44) ($0.79) ($0.87) ($1.13)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 605.80M 585.54M 647.91M 699.79M 826.24M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.61) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 294.85M 628.59M 702.86M 787.82M 979.33M
Debt Service Ratios		 - - - - - -
Payout Ratios		 - - - - - -

Quarterly Metrics And Ratios for Joby Aviation

This table displays calculated financial ratios and metrics derived from Joby Aviation's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 911,783,173.00 979,334,237.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 911,783,173.00 979,334,237.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.13 -0.11
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 547.93% 290.05% 277.05% 112.35% -88.49% -125.16% -19.65% -654.37% 237.45% - 324.63%
EBITDA Growth		 87.84% 97.35% 12.26% 58.33% -1,435.86% -3,927.90% -13.32% -132.75% -15.66% - -39.01%
EBIT Growth		 84.78% 95.95% 12.23% 56.90% -1,088.63% -2,596.18% -14.83% -130.62% -16.87% - -40.69%
NOPAT Growth		 78.64% 30.39% 12.23% 56.90% -747.32% -114.41% -14.83% -130.62% -16.87% - -40.69%
Net Income Growth		 101.93% -71.94% 16.58% 56.90% -9,534.62% -113.96% 12.88% -163.34% -178.87% - -33.42%
EPS Growth		 100.00% -50.00% 26.32% 60.00% 0.00% -126.67% 21.43% -127.78% -128.57% - -9.09%
Operating Cash Flow Growth		 -17.38% -56.93% -35.72% -37.76% -37.57% -44.58% -4.07% -7.82% -26.20% - -30.16%
Free Cash Flow Firm Growth		 -57.56% 69.20% -81.79% 275.80% 491.80% -195.33% 581.43% -297.16% -208.51% - -27,261.67%
Invested Capital Growth		 -4.32% -11.52% -8.81% -17.34% -29.45% -11.64% -11.70% 0.32% 15.76% - 208.53%
Revenue Q/Q Growth		 168.28% 4.69% 262.61% -46.18% -36.35% -328.72% 132.37% -1,276.46% 127.69% - -45.56%
EBITDA Q/Q Growth		 96.84% 51.93% 30.70% -14.18% -16.30% -26.06% 14.89% -86.54% 40.60% - -113.19%
EBIT Q/Q Growth		 95.78% 44.49% 29.80% -15.36% -16.26% -25.91% 15.00% -85.36% 39.50% - -101.69%
NOPAT Q/Q Growth		 94.09% -580.35% 7.14% -15.36% -16.26% -72.16% 37.84% -85.36% 39.50% - -101.69%
Net Income Q/Q Growth		 100.53% -7,647.74% 17.82% -30.35% -16.70% -71.17% 66.54% -293.99% -23.58% - 9.53%
EPS Q/Q Growth		 100.00% 0.00% 6.67% -28.57% -16.67% -61.90% 67.65% -272.73% -17.07% - 7.69%
Operating Cash Flow Q/Q Growth		 -11.75% -3.95% -27.95% 7.31% -11.60% -9.25% 7.91% 3.97% -30.62% - 5.70%
Free Cash Flow Firm Q/Q Growth		 166.08% 41.64% -63.78% 418.52% 122.45% -122.82% 113.84% -2,907.63% -20.98% - -241.75%
Invested Capital Q/Q Growth		 2.34% -6.89% -5.64% -8.07% -12.66% 16.62% -5.71% 4.45% 0.78% - 88.68%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -7.73% -3.55% -266.11% -564.52% -1,031.45% 0.00% -1,494.77% 0.00% -508.40% - -489.34%
EBIT Margin		 -10.39% -5.51% -273.84% -586.92% -1,071.99% 0.00% -1,549.67% 0.00% -533.36% - -513.43%
Profit (Net Income) Margin		 1.31% -94.70% -242.36% -586.97% -1,076.13% 0.00% -832.55% 0.00% -1,244.23% - -261.60%
Tax Burden Percent		 98.20% 100.02% 100.04% 100.01% 100.39% 99.81% 100.05% 100.03% 100.02% - 100.15%
Interest Burden Percent		 -12.88% 1,719.44% 88.47% 100.00% 100.00% 136.74% 53.70% 114.16% 233.23% - 50.87%
Effective Tax Rate		 1.80% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 0.00% -2.73% 0.00% -68.49% -49.77% 0.00% -47.55% 0.00% 0.00% - -7.13%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -647.48% 0.00% -858.13% -945.23% 0.00% 533.68% 0.00% 0.00% - 4.39%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -3.16% 0.00% -4.06% -4.86% 0.00% 2.50% 0.00% 0.00% - 1.11%
Return on Equity (ROE)		 -40.97% -5.89% -48.35% -72.55% -54.63% 0.00% -45.06% -88.93% -125.73% - -6.02%
Cash Return on Invested Capital (CROIC)		 -24.13% -14.80% -27.87% -4.35% -0.55% -27.33% -31.15% -57.39% -77.32% - -132.98%
Operating Return on Assets (OROA)		 0.00% -0.20% 0.00% -77.69% -58.39% 0.00% -55.69% 0.00% 0.00% - -8.97%
Return on Assets (ROA)		 0.00% -3.37% 0.00% -77.69% -58.61% 0.00% -29.92% 0.00% 0.00% - -4.57%
Return on Common Equity (ROCE)		 -40.97% -5.89% -48.35% -72.55% -54.63% 0.00% -45.06% -88.93% -125.73% - -6.02%
Return on Equity Simple (ROE_SIMPLE)		 -41.91% 0.00% -50.68% -37.05% -61.05% 0.00% -69.33% -88.75% -117.64% - -48.90%
Net Operating Profit after Tax (NOPAT)		 -12 -81 -75 -86 -100 -173 -107 -199 -120 - -151
NOPAT Margin		 -10.20% -66.28% -191.69% -410.84% -750.39% 0.00% -1,084.77% 0.00% -373.36% - -359.40%
Net Nonoperating Expense Percent (NNEP)		 -294.10% 644.75% 516.53% 789.64% 895.46% 2,024.33% -581.24% 2,558.68% 3,059.99% - -11.52%
SG&A Expenses to Revenue		 86.61% 84.02% 296.30% 537.95% 943.45% 0.00% 1,356.71% 0.00% 462.56% - 422.25%
Operating Expenses to Revenue		 110.39% 105.51% 373.84% 686.92% 1,171.99% 0.00% 1,649.67% 0.00% 633.36% - 613.43%
Earnings before Interest and Taxes (EBIT)		 -12 -6.69 -107 -123 -143 -180 -153 -284 -172 - -216
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -8.98 -4.32 -104 -119 -138 -174 -148 -276 -164 - -206
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.03 4.48 3.83 4.04 4.61 6.82 5.52 9.30 15.41 - 4.13
Price to Tangible Book Value (P/TBV)		 4.12 4.57 3.90 4.16 4.76 6.99 5.66 9.51 17.60 - 4.38
Price to Revenue (P/Rev)		 0.00 101.63 0.00 21.80 57.17 145.26 117.39 0.00 0.00 - 230.87
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.59 4.27 3.70 3.83 4.39 6.57 5.35 8.88 14.97 - 2.97
Enterprise Value to Revenue (EV/Rev)		 0.00 97.20 0.00 20.77 54.82 140.68 114.46 0.00 0.00 - 226.12
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.02 - 0.36
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.36
Financial Leverage		 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.01 - 0.25
Leverage Ratio		 1.16 1.17 1.17 1.27 1.22 1.27 1.23 1.30 1.39 - 1.42
Compound Leverage Factor		 -0.15 20.04 1.03 1.27 1.22 1.74 0.66 1.49 3.24 - 0.72
Debt to Total Capital		 0.43% 0.29% 0.38% 0.59% 0.63% 0.46% 0.56% 0.50% 1.47% - 26.59%
Short-Term Debt to Total Capital		 0.43% 0.29% 0.38% 0.59% 0.63% 0.46% 0.56% 0.50% 1.47% - 0.30%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 26.29%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 99.57% 99.71% 99.62% 99.41% 99.37% 99.54% 99.44% 99.50% 98.53% - 73.41%
Debt to EBITDA		 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.02 - -0.96
Net Debt to EBITDA		 0.96 0.48 0.20 0.46 0.30 0.37 0.21 0.47 0.27 - 0.22
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -0.94
Debt to NOPAT		 -0.01 -0.01 -0.01 -0.02 -0.01 -0.01 -0.01 -0.01 -0.03 - -1.30
Net Debt to NOPAT		 1.46 0.68 0.28 0.74 0.44 0.51 0.29 0.65 0.37 - 0.31
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -1.29
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 38 55 20 102 228 -52 7.19 -202 -244 - -1,953
Operating Cash Flow to CapEx		 -933.36% -1,059.40% -1,548.80% -1,169.10% -1,118.87% -781.44% -742.18% -878.00% -1,069.07% - -185.37%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.04 0.00 0.13 0.05 0.03 0.04 0.00 0.00 - 0.02
Fixed Asset Turnover		 0.00 0.47 0.00 1.67 0.59 0.38 0.35 0.00 0.00 - 0.21
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,114 1,037 979 900 786 917 864 903 910 - 2,667
Invested Capital Turnover		 0.00 0.04 0.00 0.17 0.07 0.04 0.04 0.00 0.00 - 0.02
Increase / (Decrease) in Invested Capital		 -50 -135 -95 -189 -328 -121 -115 2.90 124 - 1,802
Enterprise Value (EV)		 3,999 4,429 3,625 3,442 3,454 6,024 4,624 8,021 13,620 - 7,923
Market Capitalization		 4,475 4,631 3,732 3,613 3,602 6,220 4,743 8,353 13,816 - 8,089
Book Value per Share		 $1.60 $1.49 $1.43 $1.26 $1.09 $1.19 $1.09 $1.13 $1.05 - $2.00
Tangible Book Value per Share		 $1.57 $1.46 $1.40 $1.23 $1.06 $1.16 $1.06 $1.11 $0.92 - $1.89
Total Capital		 1,114 1,037 979 900 786 917 864 903 910 - 2,667
Total Debt		 4.79 3.01 3.73 5.31 4.94 4.26 4.86 4.51 13 - 709
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 701
Net Debt		 -476 -202 -108 -171 -148 -196 -118 -332 -196 - -166
Capital Expenditures (CapEx)		 8.59 7.87 6.89 8.45 9.86 15 15 12 13 - 78
Net Nonoperating Expense (NNE)		 -13 35 20 37 44 74 -25 126 281 - -41
Net Nonoperating Obligations (NNO)		 4.79 3.01 3.73 5.31 4.94 4.26 4.86 4.51 13 - 709
Total Depreciation and Amortization (D&A)		 3.08 2.38 3.02 4.71 5.42 6.61 5.43 8.32 8.05 - 10
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.15) ($0.14) ($0.18) ($0.21) ($0.34) ($0.11) ($0.41) ($0.48) ($0.13) ($0.12)
Adjusted Weighted Average Basic Shares Outstanding		 672.56M 647.91M 681.75M 689.32M 695.01M 699.79M 766.91M 796.80M 844.55M 826.24M 943.50M
Adjusted Diluted Earnings per Share		 $0.00 ($0.15) ($0.14) ($0.18) ($0.21) ($0.34) ($0.11) ($0.41) ($0.48) ($0.13) ($0.12)
Adjusted Weighted Average Diluted Shares Outstanding		 691.46M 647.91M 681.75M 689.32M 695.01M 699.79M 766.91M 796.80M 844.55M 826.24M 943.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 696.32M 702.86M 708.44M 716.14M 765.09M 787.82M 791.80M 855.98M 911.78M 979.33M 983.64M
Normalized Net Operating Profit after Tax (NOPAT)		 -12 -81 -75 -86 -100 -173 -107 -199 -120 - -151
Normalized NOPAT Margin		 -10.20% -66.87% -191.73% -410.94% -750.54% 0.00% -1,084.77% 0.00% -373.36% - -359.40%
Pre Tax Income Margin		 1.34% -94.68% -242.27% -586.92% -1,071.99% 0.00% -832.15% 0.00% -1,243.97% - -261.20%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%

Financials Breakdown Chart

Key Financial Trends

Joby Aviation (NYSE: JOBY) has seen meaningful liquidity support from equity financing in 2025, but the company continues to operate with sizable cash burn and ongoing losses. Here are the key takeaways from the quarterly statements over the last four years, focusing on the most impactful trends for retail investors.

  • In Q4 2025, Joby raised about $608.2 million in common equity, contributing to a strong net financing cash inflow of about $593.997 million.
  • The net change in cash for Q4 2025 was +$32.3 million, indicating improved near‑term liquidity helped by financing activity.
  • Total Common Equity stood around $896.5 million at the end of Q3 2025, providing a sizable equity cushion relative to liabilities.
  • Across 2025, equity financing occurred in multiple quarters (Q2 ~$298.3M, Q3 ~$103.2M, Q4 ~$608.2M), totaling roughly $1.01 billion of new cash.
  • Revenue in Q4 2025 rose to about $77.2 million, up from about $32.2 million in Q3 2025, signaling a recent uptick in top‑line activity.
  • Profitability has been volatile and often negative; quarterly net income on continuing operations was negative in several periods (for example, large losses in Q3 2025 and substantial negative figures in other quarters).
  • Investing cash flows show sizable outlays for investment securities in several quarters, reflecting ongoing capital deployment rather than immediate profitability signals.
  • Operating cash flow remains negative in recent quarters (Q4 2025 net cash from continuing operating activities about -$153.2M; Q3 2025 about -$139.2M), indicating sustained cash burn from core operations.
  • Diluted earnings per share have been negative in recent quarters (Q4 2025 EPS around -$0.13; Q3 2025 around -$0.48), underscoring ongoing losses on a per‑share basis.
  • Joby’s financing strategy to fund operations, while providing liquidity, implies ongoing dilution risk for current shareholders due to repeated equity issuances.
05/27/26 08:12 PM ETAI Generated. May Contain Errors.

Joby Aviation Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Joby Aviation's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Joby Aviation's net income appears to be on an upward trend, with a most recent value of -$929.84 million in 2025, rising from -$114.16 million in 2020. The previous period was -$608.03 million in 2024. See Joby Aviation's forecast for analyst expectations on what's next for the company.

Over the last 5 years, Joby Aviation's total revenue changed from $5.40 million in 2020 to $2.91 million in 2025, a change of -46.2%.

Joby Aviation's total liabilities were at $385.36 million at the end of 2025, a 32.4% increase from 2024, and a 3,082.1% increase since 2020.

In the past 5 years, Joby Aviation's cash and equivalents has ranged from $77.34 million in 2020 to $955.56 million in 2021, and is currently $240.81 million as of their latest financial filing in 2025.


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Financial statements for NYSE:JOBY last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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