JOBY Chart
About

Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service in the United States and Dubai. The company intends to build an aerial ridesharing service, as well as developing an app-based platform that will enable consumers to book rides. Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.

Fundamentals
Scroll to Statements
Sector Industrials Industry Airports & Air Services Market Cap 9.38B
Enterprise Value 7.77B Income -1.05B Sales 22.64M
Book/sh 1.02 Cash/sh 1.07 Dividend Yield —
Payout 0.00% Employees 2029 IPO —
P/E — Forward P/E -14.01 PEG —
P/S 414.08 P/B 9.48 P/C —
EV/EBITDA -12.56 EV/Sales 342.96 Quick Ratio 13.21
Current Ratio 13.61 Debt/Eq 5.09 LT Debt/Eq —
EPS (ttm) -1.35 EPS next Y -0.69 EPS Growth —
Revenue Growth 805.21% Earnings 2026-02-25 ROA -35.23%
ROE -125.73% ROIC — Gross Margin 55.43%
Oper. Margin -7.79% Profit Margin 0.00% Shs Outstand 964.65M
Shs Float 612.15M Short Float 10.96% Short Ratio 2.45
Short Interest — 52W High 20.95 52W Low 4.96
Beta 2.58 Avg Volume 23.68M Volume 18.40M
Target Price $12.63 Recom Hold Prev Close $9.54
Price $9.72 Change 1.89%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$12.63
Mean price target
2. Current target
$9.72
Latest analyst target
3. DCF / Fair value
$-5.76
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.72
Low
$6.00
High
$22.00
Mean
$12.63

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-01 init Goldman Sachs — → Sell $10
2025-11-06 reit Needham Buy → Buy $22
2025-10-31 main JP Morgan Underweight → Underweight $8
2025-10-09 main Morgan Stanley Equal-Weight → Equal-Weight $15
2025-08-07 down Canaccord Genuity Buy → Hold $17
2025-08-01 main JP Morgan Underweight → Underweight $7
2025-06-23 reit Cantor Fitzgerald Neutral → Neutral $9
2025-06-12 down Cantor Fitzgerald Overweight → Neutral $9
2025-06-09 main HC Wainwright & Co. Buy → Buy $13
2025-06-04 main Canaccord Genuity Buy → Buy $12
2025-05-08 main Canaccord Genuity Buy → Buy $12
2025-04-30 reit HC Wainwright & Co. Buy → Buy $9
2025-04-11 down Morgan Stanley Overweight → Equal-Weight $7
2025-02-27 reit Cantor Fitzgerald Overweight → Overweight $9
2025-02-27 reit Needham Buy → Buy $10
2025-02-27 main JP Morgan Underweight → Underweight $5
2025-02-27 reit HC Wainwright & Co. Buy → Buy $9
2025-01-14 main Needham Buy → Buy $10
2025-01-10 down JP Morgan Neutral → Underweight $6
2025-01-08 main Canaccord Genuity Buy → Buy $12
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 16748 164579.0 — Sale at price 9.74 - 9.88 per share. PAPADOPOULOS DIDIER Officer — 2026-02-17 00:00:00 D
1 585274 5799632.0 — Sale at price 9.88 - 9.91 per share. BEVIRT JOEBEN Chief Executive Officer — 2026-02-17 00:00:00 D/I
2 9815 96972.0 — Sale at price 9.88 per share. ALLISON ERIC Officer — 2026-02-13 00:00:00 D
3 4464 44104.0 — Sale at price 9.88 per share. BOWLES GREGORY Officer — 2026-02-13 00:00:00 D
4 8539 84365.0 — Sale at price 9.88 per share. DEHOFF KATHERINE Officer — 2026-02-13 00:00:00 D
5 8652 85482.0 — Sale at price 9.88 per share. SIMI BONNY W Officer — 2026-02-13 00:00:00 D
6 19047 nan — — ALLISON ERIC Officer — 2026-02-12 00:00:00 D
7 28571 nan — — PAPADOPOULOS DIDIER Officer — 2026-02-12 00:00:00 D
8 14285 nan — — BOWLES GREGORY Officer — 2026-02-12 00:00:00 D
9 19047 nan — — DEHOFF KATHERINE Officer — 2026-02-12 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.00-18.14M20.58M2.21M
TaxRateForCalcs0.000.210.210.06
NormalizedEBITDA-507.21M-355.22M-466.21M-213.74M
TotalUnusualItems-53.97M-86.38M98.00M40.10M
TotalUnusualItemsExcludingGoodwill-53.97M-86.38M98.00M40.10M
NetIncomeFromContinuingOperationNetMinorityInterest-608.03M-513.05M-258.04M-180.32M
ReconciledDepreciation35.57M30.49M24.00M15.94M
ReconciledCostOfRevenue67.00K200.00K0.000.00
EBITDA-561.18M-441.60M-368.21M-173.64M
EBIT-596.75M-472.09M-392.20M-189.58M
NetInterestIncome42.82M45.56M16.79M-1.28M
InterestExpense118.00K1.28M
InterestIncome42.82M45.56M16.79M1.15M
NormalizedIncome-554.06M-444.81M-335.46M-218.22M
NetIncomeFromContinuingAndDiscontinuedOperation-608.03M-513.05M-258.04M-180.32M
TotalExpenses596.89M473.13M392.20M259.09M
TotalOperatingIncomeAsReported-596.75M-472.09M-392.20M-259.09M
DilutedAverageShares699.79M647.91M585.54M294.85M
BasicAverageShares699.79M647.91M585.54M294.85M
DilutedEPS-0.87-0.79-0.44-0.61
BasicEPS-0.87-0.79-0.44-0.61
DilutedNIAvailtoComStockholders-608.03M-513.05M-258.04M-180.32M
NetIncomeCommonStockholders-608.03M-513.05M-258.04M-180.32M
NetIncome-608.03M-513.05M-258.04M-180.32M
NetIncomeIncludingNoncontrollingInterests-608.03M-513.05M-258.04M-180.32M
NetIncomeContinuousOperations-608.03M-513.05M-258.04M-180.32M
TaxProvision129.00K139.00K92.00K-10.54M
PretaxIncome-607.90M-512.91M-257.95M-190.86M
OtherIncomeExpense-53.97M-86.38M117.47M69.51M
SpecialIncomeCharges0.000.00-9.75M
GainOnSaleOfBusiness0.000.00
OtherSpecialCharges665.00K
RestructuringAndMergernAcquisition0.000.009.09M
EarningsFromEquityInterest0.000.0019.46M29.41M
GainOnSaleOfSecurity-53.97M-86.38M98.00M49.85M
NetNonOperatingInterestIncomeExpense42.82M45.56M16.79M-1.28M
InterestExpenseNonOperating118.00K1.28M
InterestIncomeNonOperating42.82M45.56M16.79M1.15M
OperatingIncome-596.75M-472.09M-392.20M-259.09M
OperatingExpense596.82M472.93M392.20M259.09M
ResearchAndDevelopment477.16M367.05M296.28M197.57M
SellingGeneralAndAdministration119.67M105.88M95.92M61.52M
GrossProfit69.00K832.00K0.000.00
CostOfRevenue67.00K200.00K0.000.00
TotalRevenue136.00K1.03M0.000.00
OperatingRevenue136.00K1.03M0.000.00
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber784.18M698.26M622.60M604.17M
ShareIssued784.18M698.26M622.60M604.17M
TotalDebt31.21M30.66M27.32M0.00
TangibleBookValue889.91M1.01B1.14B1.29B
InvestedCapital912.36M1.03B1.16B1.32B
WorkingCapital921.47M1.01B1.05B1.30B
NetTangibleAssets889.91M1.01B1.14B1.29B
CapitalLeaseObligations31.21M30.66M27.32M0.00
CommonStockEquity912.36M1.03B1.16B1.32B
TotalCapitalization912.36M1.03B1.16B1.32B
TotalEquityGrossMinorityInterest912.36M1.03B1.16B1.32B
StockholdersEquity912.36M1.03B1.16B1.32B
GainsLossesNotAffectingRetainedEarnings-583.00K-480.00K-8.85M-122.00K
OtherEquityAdjustments-583.00K-480.00K-8.85M-122.00K
RetainedEarnings-1.86B-1.25B-734.65M-476.61M
AdditionalPaidInCapital2.77B2.28B1.91B1.79B
CapitalStock78.00K70.00K61.00K60.00K
CommonStock78.00K70.00K61.00K60.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest291.10M235.07M128.24M171.60M
TotalNonCurrentLiabilitiesNetMinorityInterest242.97M189.94M98.04M157.75M
OtherNonCurrentLiabilities121.38M100.65M45.64M112.85M
DerivativeProductLiabilities95.41M62.94M28.78M44.90M
NonCurrentDeferredLiabilities937.00K
LongTermDebtAndCapitalLeaseObligation26.18M26.35M23.61M1.35M
LongTermCapitalLeaseObligation26.18M26.35M23.61M0.00
LongTermDebt682.00K
CurrentLiabilities48.13M45.14M30.20M13.85M
CurrentDeferredLiabilities6.87M6.17M0.00384.00K
CurrentDeferredRevenue5.16M2.53M0.00
CurrentDebtAndCapitalLeaseObligation5.03M4.31M3.71M1.04M
CurrentCapitalLeaseObligation5.03M4.31M3.71M0.00
CurrentDebt265.00K
OtherCurrentBorrowings265.00K
PayablesAndAccruedExpenses36.23M34.66M26.49M13.85M
CurrentAccruedExpenses31.97M31.65M18.78M10.21M
Payables4.26M3.01M7.71M3.64M
AccountsPayable4.26M3.01M7.71M3.64M
TotalAssets1.20B1.27B1.29B1.49B
TotalNonCurrentAssets233.86M213.68M208.81M169.81M
OtherNonCurrentAssets61.14M60.96M61.19M60.57M
NonCurrentPrepaidAssets625.00K413.00K3.77M10.51M
InvestmentsAndAdvances0.0020.31M
LongTermEquityInvestment0.0020.31M
GoodwillAndOtherIntangibleAssets22.45M20.60M26.59M25.27M
OtherIntangibleAssets8.13M6.58M12.58M14.51M
Goodwill14.32M14.01M14.01M10.76M
NetPPE149.64M131.72M117.25M53.16M
AccumulatedDepreciation-95.42M-67.37M-43.10M-26.08M
GrossPPE245.07M199.08M160.35M79.24M
Leases20.57M18.77M14.32M9.36M
ConstructionInProgress19.58M6.05M6.09M6.39M
OtherProperties154.79M129.23M99.10M53.55M
MachineryFurnitureEquipment19.18M15.75M11.60M8.73M
BuildingsAndImprovements22.19M21.38M21.38M0.00
LandAndImprovements6.27M6.27M6.27M0.00
CurrentAssets969.61M1.06B1.08B1.32B
OtherCurrentAssets2.17M3.77M1.14M636.00K
RestrictedCash0.003.20M0.00
PrepaidAssets18.54M15.07M19.02M16.78M
Receivables16.04M4.66M4.02M2.31M
OtherReceivables16.04M4.66M4.02M2.31M
CashCashEquivalentsAndShortTermInvestments932.85M1.03B1.06B1.30B
OtherShortTermInvestments733.22M828.23M910.69M343.25M
CashAndCashEquivalents199.63M204.02M146.10M955.56M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-476.88M-344.43M-290.81M-228.09M
RepaymentOfDebt-2.44M-844.00K-1.04M-1.18M
IssuanceOfDebt0.000.0074.97M
IssuanceOfCapitalStock376.52M287.03M60.06M0.00
CapitalExpenditure-40.62M-30.60M-54.89M-32.34M
EndCashPosition200.39M204.78M150.07M956.33M
BeginningCashPosition204.78M150.07M956.33M78.03M
ChangesInCash-4.39M54.71M-806.26M878.29M
FinancingCashFlow361.11M288.24M60.46M1.09B
CashFlowFromContinuingFinancingActivities361.11M288.24M60.46M1.09B
NetOtherFinancingCharges-14.63M1.02B
ProceedsFromStockOptionExercised1.66M2.06M1.44M1.46M
NetPreferredStockIssuance0.00
PreferredStockIssuance0.00
NetCommonStockIssuance376.52M287.03M60.06M0.00
CommonStockIssuance376.52M287.03M60.06M0.00
NetIssuancePaymentsOfDebt-2.44M-844.00K-1.04M73.79M
NetLongTermDebtIssuance-2.44M-844.00K-1.04M73.79M
LongTermDebtPayments-2.44M-844.00K-1.04M-1.18M
LongTermDebtIssuance0.000.0074.97M
InvestingCashFlow70.76M80.30M-630.79M-18.74M
CashFlowFromContinuingInvestingActivities70.76M80.30M-630.79M-18.74M
NetInvestmentPurchaseAndSale111.38M110.90M-570.19M20.46M
SaleOfInvestment715.16M920.88M788.76M422.08M
PurchaseOfInvestment-603.78M-809.98M-1.36B-401.63M
NetBusinessPurchaseAndSale0.000.00-5.71M-6.85M
PurchaseOfBusiness0.000.00-5.71M-6.85M
NetPPEPurchaseAndSale-40.62M-30.60M-54.89M-32.34M
PurchaseOfPPE-40.62M-30.60M-54.89M-32.34M
OperatingCashFlow-436.27M-313.83M-235.93M-195.75M
CashFlowFromContinuingOperatingActivities-436.27M-313.83M-235.93M-195.75M
ChangeInWorkingCapital-6.40M8.91M51.75M5.11M
ChangeInOtherCurrentLiabilities-171.00K2.74M22.68M0.00
ChangeInOtherCurrentAssets-545.00K309.00K20.02M10.48M
ChangeInPayablesAndAccruedExpense6.12M6.44M10.88M6.44M
ChangeInPayable6.12M6.44M10.88M6.44M
ChangeInAccountPayable6.12M6.44M10.88M6.44M
ChangeInReceivables-11.80M-573.00K-1.82M-11.81M
OtherNonCashItems22.06M
StockBasedCompensation104.45M93.64M69.07M26.93M
AmortizationOfSecurities-15.82M-20.20M-5.24M4.33M
DeferredTax0.000.00-10.54M
DeferredIncomeTax0.000.00-10.54M
DepreciationAmortizationDepletion35.57M30.49M24.00M15.94M
DepreciationAndAmortization35.57M30.49M24.00M15.94M
OperatingGainsLosses53.97M86.38M-117.47M-79.26M
EarningsLossesFromEquityInvestments0.000.00-19.46M-29.41M
GainLossOnInvestmentSecurities53.97M86.38M-98.00M-49.85M
NetIncomeFromContinuingOperations-608.03M-513.05M-258.04M-180.32M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for JOBY
Date User Asset Broker Type Position Size Entry Price Patterns