JOBY - Joby Aviation, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$15.42
DETAILS
HIGH:
$18.00
LOW:
$10.00
MEDIAN:
$16.75
CONSENSUS:
$15.42
UPSIDE:
41.21%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 53.4 | 0.1 | 1.0 | 0 | 0 | 0 |
| Cost of Revenue | 69.5 | 0.1 | 0.2 | 0 | 0 | 0 |
| Gross Profit | (16.1) | 0.1 | 0.8 | 0 | 0 | 0 |
| Operating Expenses | ||||||
| R&D Expenses | 581.1 | 477.2 | 367.0 | 296.3 | 202.6 | 108.7 |
| SG&A Expenses | 122.4 | 119.7 | 105.9 | 95.9 | 61.5 | 23.5 |
| Other Expenses | 0 | 0 | 0 | 0 | (5.0) | 0 |
| Operating Expenses | 703.5 | 596.8 | 472.9 | 392.2 | 259.1 | 132.2 |
| Operating Income | ||||||
| Operating Income | (719.6) | (596.8) | (472.1) | (392.2) | (259.1) | (132.2) |
| Interest Expense | 0 | 0 | 0 | 0.1 | 2.4 | 0.2 |
| Interest Income | 0 | 42.8 | 45.6 | 16.9 | 1.1 | 5.6 |
| Profitability | ||||||
| EBITDA | (888.4) | (561.2) | (441.6) | (368.2) | (243.1) | (124.8) |
| EBIT | (928.5) | (596.8) | (472.1) | (392.2) | (259.1) | (132.2) |
| Income Before Tax | (928.5) | (607.9) | (512.9) | (258.0) | (190.9) | (114.1) |
| Income Tax Expense | 1.3 | 0.1 | 0.1 | 0.1 | (10.5) | 0.0 |
| Net Income | (929.8) | (608.0) | (513.0) | (258.0) | (180.3) | (114.2) |
| Per Share Data | ||||||
| EPS (Basic) | -1.13 | -0.87 | -0.79 | -0.44 | -0.30 | -0.19 |
| EPS (Diluted) | -1.13 | -0.87 | -0.79 | -0.44 | -0.30 | -0.19 |
| Shares Outstanding | 826.2 | 699.8 | 647.9 | 585.5 | 591.5 | 603.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 241.0 | 199.6 | 204.0 | 146.1 | 955.6 | 77.3 |
| Short-Term Investments | 1,167.1 | 733.2 | 828.2 | 910.7 | 343.2 | 368.6 |
| Net Receivables | 7.1 | 16.0 | 4.7 | 4.0 | 2.3 | 2.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 30.5 | 2.2 | 3.8 | 4.3 | 0.6 | 0.2 |
| Total Current Assets | 1,445.8 | 969.6 | 1,055.8 | 1,084.2 | 1,318.5 | 451.2 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 178.4 | 149.6 | 131.7 | 117.3 | 53.2 | 34.1 |
| Goodwill | 89.4 | 14.3 | 14.0 | 14.0 | 0 | 0 |
| Intangible Assets | 18.9 | 8.1 | 6.6 | 12.6 | 25.3 | 0 |
| Long-Term Investments | 0.7 | 0 | 0 | 0 | 21.1 | 11.0 |
| Other Non-Current Assets | 61.9 | 61.8 | 61.4 | 65.0 | 70.3 | 1.0 |
| Total Non-Current Assets | 349.3 | 233.9 | 213.7 | 208.8 | 169.8 | 46.1 |
| Total Assets | 1,795.1 | 1,203.5 | 1,269.4 | 1,293.0 | 1,488.4 | 497.3 |
| Current Liabilities | ||||||
| Account Payables | 3.6 | 4.3 | 3.0 | 7.7 | 3.6 | 4.9 |
| Short-Term Debt | 8.4 | 0 | 0 | 0 | 1.0 | 0.2 |
| Deferred Revenue | 0 | 5.2 | 2.5 | 0 | 0.4 | 0 |
| Other Current Liabilities | 48.0 | 1.7 | 3.6 | 0 | 8.8 | 0.3 |
| Total Current Liabilities | 60.0 | 48.1 | 45.1 | 30.2 | 13.8 | 8.0 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 26.2 | 0 | 0 | 0 | 0.7 | 0.9 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 273.0 | 216.8 | 163.6 | 74.4 | 156.4 | 770.8 |
| Total Non-Current Liabilities | 325.3 | 243.0 | 189.9 | 98.0 | 157.7 | 772.4 |
| Total Liabilities | 385.4 | 291.1 | 235.1 | 128.2 | 171.6 | 780.4 |
| Stockholders' Equity | ||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 |
| Retained Earnings | (2,785.6) | (1,855.7) | (1,247.7) | (734.7) | (476.6) | (296.3) |
| Accumulated Other Comprehensive Income | 1.5 | (0.6) | (0.5) | (8.8) | (0.1) | 0.5 |
| Total Stockholders' Equity | 1,409.7 | 912.4 | 1,034.4 | 1,164.7 | 1,316.8 | (283.2) |
| Total Liabilities & Equity | 1,795.1 | 1,203.5 | 1,269.4 | 1,293.0 | 1,488.4 | 497.3 |
| Debt Metrics | ||||||
| Total Debt | 60.7 | 31.2 | 30.7 | 27.3 | 2.4 | 2.6 |
| Net Debt | (180.3) | (168.4) | (173.4) | (118.8) | (953.2) | (74.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (929.8) | (608.0) | (513.0) | (258.0) | (180.3) | (114.2) |
| Depreciation & Amortization | 40.2 | 35.6 | 30.5 | 24.0 | 15.9 | 7.4 |
| Stock-Based Compensation | 0 | 104.4 | 93.6 | 69.1 | 26.9 | 7.2 |
| Change in Working Capital | 7.6 | (6.4) | 8.9 | 51.8 | 5.1 | 5.2 |
| Other Non-Cash Items | 372.2 | 38.2 | 66.2 | (122.7) | (52.9) | (11.5) |
| Operating Cash Flow | (509.9) | (436.3) | (313.8) | (235.9) | (195.7) | (105.9) |
| Investing Activities | ||||||
| Capital Expenditure | (53.9) | (40.6) | (30.6) | (54.9) | (32.3) | (23.3) |
| Acquisitions | 3.5 | 0 | 0 | (5.7) | (6.9) | 0 |
| Purchases of Investments | (1,170.4) | (603.8) | (810.0) | (1,359.0) | (401.6) | (620.8) |
| Sales/Maturities of Investments | 745.4 | 715.2 | 920.9 | 788.8 | 422.1 | 251.3 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (475.4) | 70.8 | 80.3 | (630.8) | (18.7) | (393.2) |
| Financing Activities | ||||||
| Net Debt Issuance | (1.6) | (2.4) | (0.8) | (1.0) | 73.8 | 68.9 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 350.7 | 0 | 0 | 0 | (69.9) |
| Financing Cash Flow | 1,026.6 | 361.1 | 288.2 | 60.5 | 1,092.8 | 69.2 |
| Cash Position | ||||||
| Net Change in Cash | 41.4 | (4.4) | 54.7 | (806.3) | 878.3 | (429.8) |
| Cash at Beginning | 199.6 | 204.8 | 150.1 | 956.3 | 78.0 | 507.9 |
| Cash at End | 241.0 | 200.4 | 204.8 | 150.1 | 956.3 | 78.0 |
| Free Cash Flow | (563.8) | (476.9) | (344.4) | (290.8) | (228.1) | (129.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 53.4 | 0.1 | 1.0 | 0 | 0 | 0 |
| Gross Profit | (16.1) | 0.1 | 0.8 | 0 | 0 | 0 |
| Operating Income | (719.6) | (596.8) | (472.1) | (392.2) | (259.1) | (132.2) |
| Net Income | (929.8) | (608.0) | (513.0) | (258.0) | (180.3) | (114.2) |
| EPS (Diluted) | -1.13 | -0.87 | -0.79 | -0.44 | -0.30 | -0.19 |
| Balance Sheet | ||||||
| Cash & Equivalents | 241.0 | 199.6 | 204.0 | 146.1 | 955.6 | 77.3 |
| Total Assets | 1,795.1 | 1,203.5 | 1,269.4 | 1,293.0 | 1,488.4 | 497.3 |
| Total Debt | 60.7 | 31.2 | 30.7 | 27.3 | 2.4 | 2.6 |
| Stockholders' Equity | 1,409.7 | 912.4 | 1,034.4 | 1,164.7 | 1,316.8 | (283.2) |
| Cash Flow | ||||||
| Operating Cash Flow | (509.9) | (436.3) | (313.8) | (235.9) | (195.7) | (105.9) |
| Capital Expenditure | (53.9) | (40.6) | (30.6) | (54.9) | (32.3) | (23.3) |
| Free Cash Flow | (563.8) | (476.9) | (344.4) | (290.8) | (228.1) | (129.2) |