Joby Aviation, Inc. logo JOBY - Joby Aviation, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 2
HOLD 4
SELL 2
STRONG
SELL
0
| PRICE TARGET: $15.42 DETAILS
HIGH: $18.00
LOW: $10.00
MEDIAN: $16.75
CONSENSUS: $15.42
UPSIDE: 41.21%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3
Revenue
Revenue 24.2 30.8 22.6 0.0 0 0.1 0.0 0.0 0.0 1.0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cost of Revenue 18.8 30.3 10.1 9.8 0 0.0 0.0 0.0 0.0 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 5.4 0.5 12.5 (9.7) 0 0.0 0.0 0.0 0.0 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 177.5 161.3 149.2 136.4 134.3 122.4 126.1 113.0 115.6 102.1 100.6 88.8 75.5 76.1 73.9 74.2 72.1 57.3 52.1 54.0 34.2 31.8 30.7
SG&A Expenses 61.6 46.0 45.0 21.7 29.0 27.5 30.6 31.3 30.3 27.0 27.6 27.1 24.2 25.2 23.3 25.2 22.3 19.9 15.6 14.3 11.6 8.4 5.5
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 239.0 207.3 194.2 158.1 163.3 149.9 156.7 144.3 145.9 129.1 128.2 116.0 99.7 101.4 97.1 99.4 94.3 77.2 67.7 68.4 45.8 40.2 36.2
Operating Income
Operating Income (233.6) (206.8) (181.7) (167.9) (163.3) (149.9) (156.7) (144.3) (145.9) (128.2) (128.2) (116.0) (99.7) (101.4) (97.1) (99.4) (94.3) (77.2) (67.7) (68.4) (45.8) (40.2) (36.2)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 0.0 0.0 0.5 1.0 0.9 0.1 0.1
Interest Income 0 0 9.7 9.8 9.9 9.8 9.5 11.2 12.3 12.9 13.6 10.7 8.4 8.1 5.4 2.6 0.8 0.3 0.2 0.2 0.5 0.8 1.1
Profitability
EBITDA (233.6) (109.4) (390.9) (314.8) (154.2) (140.4) (147.8) (135.6) (137.4) (120.1) (120.3) (108.5) (92.6) (94.8) (90.8) (93.5) (89.1) (72.7) (63.5) (64.4) (42.5) (37.9) (34.5)
EBIT (233.6) (120.5) (401.1) (324.6) (163.3) (149.9) (156.7) (144.3) (145.9) (128.2) (128.2) (116.0) (99.7) (101.4) (97.1) (99.4) (94.3) (77.2) (67.7) (68.4) (45.8) (40.2) (36.2)
Income Before Tax (109.8) (120.5) (401.1) (324.6) (82.4) (246.7) (143.3) (123.3) (94.6) (115.1) 1.6 (286.0) (113.4) (66.9) (79.2) (49.5) (62.3) (5.5) (78.9) (65.0) (41.5) (33.9) (28.0)
Income Tax Expense 0.2 1.1 0.1 0.1 0.0 (0.5) 0.6 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.0 0.0 0.0 (10.5) 0 0.0 0.0 0.0 0.0
Net Income (110.0) (121.5) (401.2) (324.7) (82.4) (246.3) (143.9) (123.3) (94.6) (115.1) 1.5 (286.1) (113.4) (66.9) (79.2) (49.6) (62.3) 5.0 (78.9) (65.0) (41.5) (33.9) (28.0)
Per Share Data
EPS (Basic) -0.12 -0.14 -0.48 -0.41 -0.11 -0.35 -0.21 -0.18 -0.14 -0.16 0.00 -0.45 -0.19 -0.11 -0.14 -0.09 -0.11 0.01 -0.13 -0.11 -0.07 -0.06 -0.05
EPS (Diluted) -0.12 -0.14 -0.48 -0.41 -0.11 -0.35 -0.21 -0.18 -0.14 -0.16 0.00 -0.45 -0.19 -0.11 -0.14 -0.09 -0.11 0.01 -0.13 -0.11 -0.07 -0.06 -0.05
Shares Outstanding 943.5 894.6 844.6 796.8 766.9 732.8 695.0 689.3 681.7 698.3 672.6 636.7 605.2 585.5 584.0 581.3 579.1 591.5 591.5 603.9 603.9 603.9 603.9
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3
Current Assets
Cash & Cash Equivalents 874.5 241.0 208.4 336.3 122.3 199.6 152.3 175.1 110.5 204.0 480.4 382.7 49.8 146.1 193.8 311.1 417.1 955.6 1,016.5 0.5 0.9 77.3 2.8
Short-Term Investments 1,591.7 1,167.1 769.8 654.7 690.2 733.2 557.7 649.9 813.3 828.2 632.1 812.1 928.0 910.7 880.7 840.4 803.7 343.2 346.0 0 0 368.6 0
Net Receivables 11.5 7.1 10.4 3.6 9.8 16.0 10.4 13.3 6.9 4.7 6.9 9.6 10.9 4.0 6.1 4.2 2.7 2.3 2.4 0 0 2.2 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 33.9 30.5 6.2 3.7 2.6 2.2 2.1 5.7 4.3 3.8 3.9 3.3 4.7 4.3 4.6 4.3 1.2 0.6 2.0 0 0 0.2 0
Total Current Assets 2,511.6 1,445.8 1,018.6 1,014.5 841.5 969.6 737.8 857.7 951.7 1,055.8 1,138.2 1,224.8 1,013.1 1,084.2 1,104.0 1,177.6 1,242.6 1,318.5 1,382.5 0.8 1.3 451.2 3.8
Non-Current Assets
Property, Plant & Equipment 242.9 178.4 173.8 163.3 158.8 149.6 141.2 133.5 132.2 131.7 128.1 116.5 117.1 117.3 63.0 61.0 57.9 53.2 44.0 0 0 34.1 0
Goodwill 89.4 89.4 90.4 14.3 14.3 14.3 14.3 14.3 14.0 14.0 14.0 14.0 14.0 14.0 14.0 13.7 10.8 0 0 0 0 0 0
Intangible Assets 20.4 18.9 21.0 5.7 6.9 8.1 9.6 11.0 5.0 6.6 8.0 9.6 11.1 12.6 14.2 15.9 14.5 25.3 18.7 0 0 0 0
Long-Term Investments 0 0.7 0.7 0 0.8 0 0.8 0 0 0 0 0 0 0 12.5 20.1 27.0 21.1 20.9 690.0 690.0 11.0 690.0
Other Non-Current Assets 63.4 61.9 61.8 62.0 61.7 61.8 60.6 61.4 61.4 61.4 61.3 61.9 63.4 65.0 66.1 68.0 70.5 70.3 65.9 0 0 1.0 0
Total Non-Current Assets 416.1 349.3 347.7 245.4 242.5 233.9 226.5 220.2 212.7 213.7 211.4 202.0 205.6 208.8 169.8 178.8 180.7 169.8 149.5 690.0 690.0 46.1 690.0
Total Assets 2,927.7 1,795.1 1,366.3 1,259.9 1,084.0 1,203.5 964.3 1,077.8 1,164.4 1,269.4 1,349.6 1,426.7 1,218.7 1,293.0 1,273.8 1,356.3 1,423.3 1,488.4 1,532.0 690.9 691.3 497.3 693.7
Current Liabilities
Account Payables 7.9 3.6 13.4 4.5 4.9 4.3 4.9 5.3 3.7 3.0 4.8 4.1 3.9 7.7 4.3 1.9 2.7 3.6 3.6 0.2 0 4.9 0
Short-Term Debt 9.0 8.4 10.6 0 5.4 0 4.8 0 0 0 0 0 0 0 0 0 0 1.0 1.3 0 0 0.2 0
Deferred Revenue 0 0 6.0 6.0 6.3 5.2 0 3.6 3.2 2.5 0 0 0 0 0 0 0 0.4 0.4 0 0 0 0
Other Current Liabilities 97.0 48.0 31.3 0 22.0 1.7 26.6 1.5 3.6 3.6 0 0 0 0 9.3 10.9 0 8.8 2.4 0.5 0.6 0.3 1.1
Total Current Liabilities 113.9 60.0 74.9 58.9 47.5 48.1 45.8 43.2 38.2 45.1 50.0 44.1 30.3 30.2 28.8 30.0 18.2 13.8 7.6 1.1 0.6 8.0 1.1
Non-Current Liabilities
Long-Term Debt 726.5 26.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.7 0.8 0 0 0.9 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0 0.2
Other Non-Current Liabilities 129.5 273.0 360.0 277.3 150.9 216.8 110.6 114.7 124.5 163.6 164.3 276.1 96.2 74.4 84.9 97.7 140.7 156.4 218.2 80.7 82.3 770.8 24.1
Total Non-Current Liabilities 856.1 325.3 395 302.7 177.1 243.0 137.5 140.1 151.0 189.9 190.3 298.1 118.9 98.0 84.9 97.7 140.7 157.7 219.7 80.7 82.5 772.4 24.4
Total Liabilities 969.9 385.4 469.9 361.6 224.6 291.1 183.2 183.2 189.2 235.1 240.3 342.1 149.2 128.2 113.7 127.7 158.9 171.6 227.3 81.8 83.1 780.4 25.4
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 604.1 603.2 0 663.3
Retained Earnings (2,895.5) (2,785.6) (2,664.0) (2,262.8) (1,938.1) (1,855.7) (1,609.5) (1,465.6) (1,342.3) (1,247.7) (1,132.6) (1,134.1) (848.0) (734.7) (667.7) (588.5) (538.9) (476.6) (481.7) (22.5) (23.3) (296.3) (0.2)
Accumulated Other Comprehensive Income (3.2) 1.5 0.6 (0.6) (0.7) (0.6) 0.7 (2.0) (1.6) (0.5) (2.8) (4.4) (5.6) (8.8) (9.5) (5.1) (2.7) (0.1) 0.1 0 0 0.5 0
Total Stockholders' Equity 1,957.7 1,409.7 896.5 898.3 859.4 912.4 781.0 894.6 975.1 1,034.4 1,109.3 1,084.6 1,069.5 1,164.7 1,160.2 1,228.7 1,264.4 1,316.8 1,304.7 609.1 608.2 (283.2) 668.3
Total Liabilities & Equity 2,927.7 1,795.1 1,366.3 1,259.9 1,084.0 1,203.5 964.3 1,077.8 1,164.4 1,269.4 1,349.6 1,426.7 1,218.7 1,293.0 1,273.8 1,356.3 1,423.3 1,488.4 1,532.0 690.9 691.3 497.3 693.7
Debt Metrics
Total Debt 735.6 60.7 45.6 30.9 31.6 31.2 31.7 30.1 31.0 30.7 30.0 25.8 26.2 27.3 0 0 0 2.4 2.8 0 0 2.6 0
Net Debt (139.0) (180.3) (162.8) (305.4) (90.7) (168.4) (120.6) (145.0) (79.5) (173.4) (450.4) (356.9) (23.6) (118.8) (193.8) (311.1) (417.1) (953.2) (1,013.7) (0.5) (0.9) (74.7) (2.8)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3
Operating Activities
Net Income (110.0) (121.5) (401.2) (324.7) (82.4) (246.3) (143.9) (123.3) (94.6) (115.1) 1.5 (286.1) (113.4) (66.9) (79.2) (49.6) (62.3) 5.0 (78.9) (65.0) (41.5) (33.9) (28.0)
Depreciation & Amortization 11.0 11.1 10.2 9.8 9.1 9.5 8.9 8.7 8.5 8.1 7.8 7.5 7.1 6.6 6.3 5.9 5.2 4.5 4.2 4.0 3.3 2.2 0
Stock-Based Compensation 0 0 32.9 26.6 27.0 21.7 27.4 28.4 27.0 23.9 27.3 25.2 17.3 17.2 13.0 19.4 19.4 7.5 7.6 7.0 4.8 2.5 2.0
Change in Working Capital 17.4 (11.0) (9.0) 16.7 10.0 (9.2) 4.6 1.2 (3.1) 5.8 4.1 7.0 (7.9) 20.8 5.0 19.2 6.8 26.6 (20.4) (2.0) 0.9 3.5 (0.4)
Other Non-Cash Items (62.8) (31.7) 227.0 165.1 (74.7) 103.8 (7.3) (13.8) (44.5) (6.1) (120.9) 174.7 18.4 (30.7) (13.5) (48.0) (30.5) (92.4) (58.1) 8.2 2.8 (4.8) 25.9
Operating Cash Flow (144.4) (153.2) (140.1) (106.6) (111.0) (120.5) (110.3) (98.8) (106.6) (83.3) (80.2) (71.7) (78.6) (53.1) (68.3) (53.1) (61.4) (48.7) (145.6) (47.9) (29.7) (30.3) (0.5)
Investing Activities
Capital Expenditure (77.9) (13.8) (13.0) (12.1) (15.0) (15.4) (9.9) (8.5) (6.9) (7.9) (8.6) (5.4) (8.8) (30.5) (5.4) (8.2) (10.8) (11.6) (20.7) (9.4) (5.1) (5.6) 0
Acquisitions 0.0 1.6 0 0 0 0 0 0 0 0 0 0 0 0 0 (4.2) (1.5) (1.9) (5.0) (5.0) 0 0.4 0
Purchases of Investments (555.8) (576.1) (316.1) (158.6) (126.9) (295.3) (138.5) (9.9) (160.0) (375.8) (153.1) (154.6) (126.4) (137.8) (353.9) (295.4) (571.9) (64.7) (336.9) (119.4) (169.7) (37.5) 0
Sales/Maturities of Investments 128.2 179.9 196.9 195.3 173.4 122.1 236.5 177.0 179.5 187.3 339.6 277.9 116.1 113.5 310.1 257.1 108.1 66.8 355.1 110.8 168.9 85.9 0
Other Investing Activities 0 0 9.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (690)
Investing Cash Flow (505.5) (408.5) (123.1) 24.6 31.6 (188.6) 88.1 158.6 12.6 (196.4) 177.9 117.9 (19.1) (54.8) (49.1) (50.7) (476.1) (11.4) (7.5) (23.1) (5.9) 42.8 (690)
Financing Activities
Net Debt Issuance 700.0 (0.4) (0.3) (0.4) (0.5) (0.7) (0.8) (0.5) (0.5) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.3) (0.3) (0.4) 74.2 (0.8) 75.2 69.7 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 (0.1) 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (63.3) 0 0 0 0 350.7 0 0 0 0 0 0 0 0.1 0 (0.1) 0 0 0 0 0 (69.9) 693.3
Financing Cash Flow 1,283.6 594.0 134.7 296.0 2.0 356.5 (0.6) 4.7 0.5 3.4 (0.0) 284.5 0.4 60.2 0.2 0.0 0.1 (0.8) 1,093.5 (1.5) 75.0 0.1 693.3
Cash Position
Net Change in Cash 633.7 32.3 (127.6) 214.0 (77.3) 47.3 (22.8) 64.6 (92.7) (276.4) 97.7 330.6 (97.3) (47.7) (117.2) (103.8) (537.5) (60.9) 1,016.0 (0.4) 39.4 12.6 2.8
Cash at Beginning 241.0 208.7 336.3 122.3 200.4 153.1 175.9 111.3 204.0 480.4 383.4 52.8 150.1 197.8 315.1 418.8 956.3 1,017.3 0.5 0.9 78.0 65.4 0
Cash at End 874.7 241.0 209.4 336.3 123.1 200.4 153.1 175.9 111.3 204.0 481.1 383.4 52.8 150.1 197.8 315.1 418.8 956.3 1,016.5 0.5 117.5 78.0 2.8
Free Cash Flow (222.4) (167.0) (153.2) (118.7) (125.9) (135.9) (120.2) (107.3) (113.5) (91.2) (88.8) (77.1) (87.3) (83.6) (73.7) (61.3) (72.3) (60.4) (166.3) (57.3) (34.7) (35.9) (0.5)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3
Income Statement
Revenue 24.2 30.8 22.6 0.0 0 0.1 0.0 0.0 0.0 1.0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 5.4 0.5 12.5 (9.7) 0 0.0 0.0 0.0 0.0 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Income (233.6) (206.8) (181.7) (167.9) (163.3) (149.9) (156.7) (144.3) (145.9) (128.2) (128.2) (116.0) (99.7) (101.4) (97.1) (99.4) (94.3) (77.2) (67.7) (68.4) (45.8) (40.2) (36.2)
Net Income (110.0) (121.5) (401.2) (324.7) (82.4) (246.3) (143.9) (123.3) (94.6) (115.1) 1.5 (286.1) (113.4) (66.9) (79.2) (49.6) (62.3) 5.0 (78.9) (65.0) (41.5) (33.9) (28.0)
EPS (Diluted) -0.12 -0.14 -0.48 -0.41 -0.11 -0.35 -0.21 -0.18 -0.14 -0.16 0.00 -0.45 -0.19 -0.11 -0.14 -0.09 -0.11 0.01 -0.13 -0.11 -0.07 -0.06 -0.05
Balance Sheet
Cash & Equivalents 874.5 241.0 208.4 336.3 122.3 199.6 152.3 175.1 110.5 204.0 480.4 382.7 49.8 146.1 193.8 311.1 417.1 955.6 1,016.5 0.5 0.9 77.3 2.8
Total Assets 2,927.7 1,795.1 1,366.3 1,259.9 1,084.0 1,203.5 964.3 1,077.8 1,164.4 1,269.4 1,349.6 1,426.7 1,218.7 1,293.0 1,273.8 1,356.3 1,423.3 1,488.4 1,532.0 690.9 691.3 497.3 693.7
Total Debt 735.6 60.7 45.6 30.9 31.6 31.2 31.7 30.1 31.0 30.7 30.0 25.8 26.2 27.3 0 0 0 2.4 2.8 0 0 2.6 0
Stockholders' Equity 1,957.7 1,409.7 896.5 898.3 859.4 912.4 781.0 894.6 975.1 1,034.4 1,109.3 1,084.6 1,069.5 1,164.7 1,160.2 1,228.7 1,264.4 1,316.8 1,304.7 609.1 608.2 (283.2) 668.3
Cash Flow
Operating Cash Flow (144.4) (153.2) (140.1) (106.6) (111.0) (120.5) (110.3) (98.8) (106.6) (83.3) (80.2) (71.7) (78.6) (53.1) (68.3) (53.1) (61.4) (48.7) (145.6) (47.9) (29.7) (30.3) (0.5)
Capital Expenditure (77.9) (13.8) (13.0) (12.1) (15.0) (15.4) (9.9) (8.5) (6.9) (7.9) (8.6) (5.4) (8.8) (30.5) (5.4) (8.2) (10.8) (11.6) (20.7) (9.4) (5.1) (5.6) 0
Free Cash Flow (222.4) (167.0) (153.2) (118.7) (125.9) (135.9) (120.2) (107.3) (113.5) (91.2) (88.8) (77.1) (87.3) (83.6) (73.7) (61.3) (72.3) (60.4) (166.3) (57.3) (34.7) (35.9) (0.5)