JOBY · Joby Aviation, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.25M | - | $22.57M | $15.0K | $0 | - | $28.0K | $0 | $25.0K | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $177.47M | - | $149.16M | $136.39M | $134.29M | - | $126.14M | $113.00M | $115.64M | - |
| SG&A | $61.55M | - | $45.02M | $31.48M | $29.00M | - | $30.57M | $31.30M | $30.27M | - |
| Total Operating Expenses | $257.83M | - | $204.24M | $167.88M | $163.28M | - | $156.72M | $144.31M | $145.92M | - |
| D&A | $10.99M | - | $8.40M | $8.50M | $9.13M | - | $7.50M | $7.20M | $8.51M | - |
| Operating Income | ($233.58M) | - | ($181.67M) | ($167.86M) | ($163.28M) | - | ($156.69M) | ($144.29M) | ($145.90M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $168.0K | - | $83.0K | $106.0K | $40.0K | - | $553.0K | $10.0K | $36.0K | - |
| Net Income | ($109.95M) | - | ($401.23M) | ($324.67M) | ($82.41M) | - | ($143.88M) | ($123.29M) | ($94.59M) | - |
| EPS - Basic | ($0.12) | - | ($0.48) | ($0.41) | ($0.11) | - | ($0.21) | ($0.18) | ($0.14) | - |
| EPS - Diluted | ($0.12) | - | ($0.48) | ($0.41) | ($0.11) | - | ($0.21) | ($0.18) | ($0.14) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $874.52M | $240.81M | $208.37M | $336.31M | $122.29M | $199.63M | $152.29M | $175.10M | $110.55M | $204.02M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $7.89M | $3.60M | $13.41M | $4.51M | $4.86M | $4.26M | $4.94M | $5.31M | $3.73M | $3.01M |
| Current Assets | $2.51B | $1.45B | $1.02B | $1.01B | $841.48M | $969.61M | $737.80M | $857.66M | $951.69M | $1.06B |
| Total Assets | $2.93B | $1.80B | $1.37B | $1.26B | $1.08B | $1.20B | $964.26M | $1.08B | $1.16B | $1.27B |
| Current Liabilities | $113.88M | $60.03M | $74.86M | $58.90M | $47.50M | $48.13M | $45.77M | $43.16M | $38.24M | $45.14M |
| Long-term Debt | $0 | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $969.94M | $385.36M | $469.86M | $361.58M | $224.58M | $291.10M | $183.22M | $183.23M | $189.23M | $235.07M |
| Stockholders' Equity | $1.96B | $1.41B | $896.45M | $898.29M | $859.44M | $912.36M | $781.04M | $894.58M | $975.13M | $1.03B |
| Retained Earnings | ($2.90B) | ($2.79B) | ($2.66B) | ($2.26B) | ($1.94B) | ($1.86B) | ($1.61B) | ($1.47B) | ($1.34B) | ($1.25B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($144.44M) | - | - | - | ($110.97M) | - | - | - | ($106.64M) | - |
| Investing Cash Flow | ($505.49M) | - | - | - | $31.59M | - | - | - | $12.63M | - |
| Financing Cash Flow | $1.28B | - | - | - | $2.04M | - | - | - | $538.0K | - |
| CapEx | $77.92M | - | - | - | $14.95M | - | - | - | $6.88M | - |
| Free Cash Flow | ($222.36M) | - | - | - | ($125.92M) | - | - | - | ($113.52M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -963.4% | - | -804.8% | -1119093.3% | - | - | -559625.0% | - | -583588.0% | - |
| EBITDA margin | -918.1% | - | -767.6% | -1062426.7% | - | - | -532839.3% | - | -549560.0% | - |
| Net margin | -453.5% | - | -1777.4% | -2164493.3% | - | - | -513850.0% | - | -378348.0% | - |
| Free cash flow margin | -917.1% | - | - | - | - | - | - | - | -454080.0% | - |
| FCF / Net income | 2.02 | - | - | - | 1.53 | - | - | - | 1.20 | - |
| R&D / Revenue | 732.0% | - | 660.8% | 909246.7% | - | - | 450496.4% | - | 462544.0% | - |
| SG&A / Revenue | 253.9% | - | 199.4% | 209880.0% | - | - | 109175.0% | - | 121084.0% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.8% | - | -29.4% | -25.8% | -7.6% | - | -14.9% | -11.4% | -8.1% | - |
| Return on equity | -5.6% | - | -44.8% | -36.1% | -9.6% | - | -18.4% | -13.8% | -9.7% | - |
| Return on invested capital | -9.4% | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 22.05 | 24.09 | 13.61 | 17.23 | 17.72 | 20.14 | 16.12 | 19.87 | 24.89 | 23.39 |
| Quick ratio | 22.05 | 24.09 | 13.61 | 17.23 | 17.72 | 20.14 | 16.12 | 19.87 | 24.89 | 23.39 |
| Cash ratio | 7.68 | 4.01 | 2.78 | 5.71 | 2.57 | 4.15 | 3.33 | 4.06 | 2.89 | 4.52 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.00 | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.50 | 1.27 | 1.52 | 1.40 | 1.26 | 1.32 | 1.23 | 1.20 | 1.19 | 1.23 |
| Liabilities / Assets | 0.33 | 0.21 | 0.34 | 0.29 | 0.21 | 0.24 | 0.19 | 0.17 | 0.16 | 0.19 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.02 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 4.0x | - | 15.2x | 9.4x | 5.4x | - | 4.5x | 3.9x | 3.7x | - |
| P / S | 321.4x | - | 603.8x | 560414.9x | - | - | 124853.8x | - | 146167.1x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | 80521.4% | - | -100.0% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -43.1% | - | -15.9% | -16.3% | -11.9% | - | -22.3% | -24.4% | -46.3% | - |
| Net income growth (YoY) | -33.4% | - | -178.9% | -163.3% | 12.9% | - | - | 56.9% | 16.6% | - |
| EPS growth (YoY) | -9.1% | - | -128.6% | -127.8% | 21.4% | - | - | 60.0% | -27.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -76.6% | - | - | - | -10.9% | - | - | - | -30.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 127.8% | 54.5% | 14.8% | 0.4% | -11.9% | -11.8% | -29.6% | -17.5% | -8.8% | -11.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$53.42M totalFlight Services$53.42M · 100.0%
Product / service
$53.42M totalPassenger$34.82M · 65.2%
Product And Service Other$18.60M · 34.8%
Geographic
$53.42M totalUS$35.75M · 66.9%
JP$8.13M · 15.2%
Europe$6.77M · 12.7%
Non Us$2.77M · 5.2%
Peer comparison
Same SIC group: Aircraft
Comparing Joby Aviation against the 5 most active filers in the same SIC group.