JOBY Chart
About

Joby Aviation, Inc., an air mobility company, engages in research, develop, test, manufacture, and sale of electric vertical takeoff and landing aircraft in the United States, Japan, Europe, and internationally. The company offers facilitation of passenger transportation via helicopter or fixed wing aircraft. It is also involved in the provision of government flight services, customer demonstration, and engineering services; and exhibition activities. 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 9.49B
Enterprise Value 8.13B Income -929.84M Sales 53.42M
Book/sh 1.54 Cash/sh 1.44 Dividend Yield
Payout 0.00% Employees 2559 IPO
P/E Forward P/E -15.93 PEG
P/S 177.63 P/B 6.29 P/C
EV/EBITDA -11.96 EV/Sales 152.10 Quick Ratio 23.57
Current Ratio 24.09 Debt/Eq 3.14 LT Debt/Eq
EPS (ttm) -1.13 EPS next Y -0.61 EPS Growth
Revenue Growth 559.65% Earnings 2026-05-06 ROA -30.00%
ROE -80.09% ROIC Gross Margin 45.10%
Oper. Margin -6.89% Profit Margin 0.00% Shs Outstand 979.33M
Shs Float 660.58M Short Float 10.30% Short Ratio 2.39
Short Interest 52W High 20.95 52W Low 4.96
Beta 2.66 Avg Volume 26.71M Volume 17.74M
Target Price $12.56 Recom Hold Prev Close $9.54
Price $9.69 Change 1.57%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$12.56
Mean price target
2. Current target
$9.28
Latest analyst target
3. DCF / Fair value
$-6.03
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.28
Low
$6.00
High
$18.00
Mean
$12.56

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-26 main JP Morgan Underweight → Underweight $7
2026-02-26 main Needham Buy → Buy $18
2026-02-26 up HC Wainwright & Co. Neutral → Buy $18
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
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 6825 67607.0 Sale at price 9.85 - 9.94 per share. PAPADOPOULOS DIDIER Officer 2026-03-17 00:00:00 D
1 11642 nan PAPADOPOULOS DIDIER Officer 2026-03-13 00:00:00 D
2 3087 31232.0 Sale at price 9.90 - 10.25 per share. PAPADOPOULOS DIDIER Officer 2026-03-11 00:00:00 D
3 2247 22656.0 Sale at price 9.90 - 10.25 per share. BOWLES GREGORY Officer 2026-03-11 00:00:00 D
4 3626 36665.0 Sale at price 9.90 - 10.25 per share. DEHOFF KATHERINE Officer 2026-03-11 00:00:00 D
5 1159 11880.0 Sale at price 10.25 per share. BRUMANA RODRIGO MOREIRA Chief Financial Officer 2026-03-10 00:00:00 D
6 2351 24098.0 Sale at price 10.25 per share. ALLISON ERIC Officer 2026-03-10 00:00:00 D
7 3238 33190.0 Sale at price 10.25 per share. BEVIRT JOEBEN Chief Executive Officer 2026-03-10 00:00:00 D
8 1727 17702.0 Sale at price 10.25 per share. SIMI BONNY W Officer 2026-03-10 00:00:00 D
9 4559 nan ALLISON ERIC Officer 2026-03-09 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-52.94M-11.33M-18.14M20.58M
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA-427.32M-507.21M-355.22M-466.21M
TotalUnusualItems-252.11M-53.97M-86.38M98.00M
TotalUnusualItemsExcludingGoodwill-252.11M-53.97M-86.38M98.00M
NetIncomeFromContinuingOperationNetMinorityInterest-929.84M-608.03M-513.05M-258.04M
ReconciledDepreciation40.16M35.57M30.49M24.00M
ReconciledCostOfRevenue29.33M67.00K200.00K0.00
EBITDA-679.43M-561.18M-441.60M-368.21M
EBIT-719.59M-596.75M-472.09M-392.20M
NetInterestIncome43.16M42.82M45.56M16.79M
InterestExpense118.00K1.28M
InterestIncome43.16M42.82M45.56M16.79M
NormalizedIncome-730.68M-565.40M-444.81M-335.46M
NetIncomeFromContinuingAndDiscontinuedOperation-929.84M-608.03M-513.05M-258.04M
TotalExpenses773.02M596.89M473.13M392.20M
TotalOperatingIncomeAsReported-719.59M-596.75M-472.09M-392.20M
DilutedAverageShares826.24M699.79M647.91M585.54M
BasicAverageShares826.24M699.79M647.91M585.54M
DilutedEPS-1.13-0.87-0.79-0.44
BasicEPS-1.13-0.87-0.79-0.44
DilutedNIAvailtoComStockholders-929.84M-608.03M-513.05M-258.04M
NetIncomeCommonStockholders-929.84M-608.03M-513.05M-258.04M
NetIncome-929.84M-608.03M-513.05M-258.04M
NetIncomeIncludingNoncontrollingInterests-929.84M-608.03M-513.05M-258.04M
NetIncomeContinuousOperations-929.84M-608.03M-513.05M-258.04M
TaxProvision1.31M129.00K139.00K92.00K
PretaxIncome-928.53M-607.90M-512.91M-257.95M
OtherIncomeExpense-252.11M-53.97M-86.38M117.47M
SpecialIncomeCharges-40.26M0.000.000.00
GainOnSaleOfBusiness0.000.00
OtherSpecialCharges40.26M665.00K
RestructuringAndMergernAcquisition0.000.009.09M
EarningsFromEquityInterest0.000.0019.46M29.41M
GainOnSaleOfSecurity-211.85M-53.97M-86.38M98.00M
NetNonOperatingInterestIncomeExpense43.16M42.82M45.56M16.79M
InterestExpenseNonOperating118.00K1.28M
InterestIncomeNonOperating43.16M42.82M45.56M16.79M
OperatingIncome-719.59M-596.75M-472.09M-392.20M
OperatingExpense743.69M596.82M472.93M392.20M
ResearchAndDevelopment581.10M477.16M367.05M296.28M
SellingGeneralAndAdministration162.59M119.67M105.88M95.92M
GrossProfit24.10M69.00K832.00K0.00
CostOfRevenue29.33M67.00K200.00K0.00
TotalRevenue53.42M136.00K1.03M0.00
OperatingRevenue53.42M136.00K1.03M0.00
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber964.65M784.18M698.26M622.60M
ShareIssued964.65M784.18M698.26M622.60M
TotalDebt36.83M33.79M30.66M27.32M
TangibleBookValue1.30B889.91M1.01B1.14B
InvestedCapital1.41B912.36M1.03B1.16B
WorkingCapital1.39B921.47M1.01B1.05B
NetTangibleAssets1.30B889.91M1.01B1.14B
CapitalLeaseObligations36.83M33.79M30.66M27.32M
CommonStockEquity1.41B912.36M1.03B1.16B
TotalCapitalization1.41B912.36M1.03B1.16B
TotalEquityGrossMinorityInterest1.41B912.36M1.03B1.16B
StockholdersEquity1.41B912.36M1.03B1.16B
GainsLossesNotAffectingRetainedEarnings1.52M-583.00K-480.00K-8.85M
OtherEquityAdjustments1.52M-583.00K-480.00K-8.85M
RetainedEarnings-2.79B-1.86B-1.25B-734.65M
AdditionalPaidInCapital4.19B2.77B2.28B1.91B
CapitalStock91.00K78.00K70.00K61.00K
CommonStock91.00K78.00K70.00K61.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest385.36M291.10M235.07M128.24M
TotalNonCurrentLiabilitiesNetMinorityInterest325.33M242.97M189.94M98.04M
OtherNonCurrentLiabilities194.28M121.38M100.65M45.64M
DerivativeProductLiabilities104.88M95.41M62.94M28.78M
NonCurrentDeferredLiabilities937.00K
LongTermDebtAndCapitalLeaseObligation26.17M26.18M26.35M23.61M
LongTermCapitalLeaseObligation26.17M26.18M26.35M23.61M
LongTermDebt682.00K
CurrentLiabilities60.03M48.13M45.14M30.20M
CurrentDeferredLiabilities7.00M6.87M6.17M0.00
CurrentDeferredRevenue7.00M5.16M2.53M0.00
CurrentDebtAndCapitalLeaseObligation10.66M7.61M4.31M3.71M
CurrentCapitalLeaseObligation10.66M7.61M4.31M3.71M
CurrentDebt265.00K
OtherCurrentBorrowings265.00K
PayablesAndAccruedExpenses42.37M33.65M34.66M26.49M
CurrentAccruedExpenses38.76M29.39M31.65M18.78M
Payables3.60M4.26M3.01M7.71M
AccountsPayable3.60M4.26M3.01M7.71M
TotalAssets1.80B1.20B1.27B1.29B
TotalNonCurrentAssets349.31M233.86M213.68M208.81M
OtherNonCurrentAssets62.20M61.14M60.96M61.19M
NonCurrentPrepaidAssets431.00K625.00K413.00K3.77M
InvestmentsAndAdvances0.0020.31M
LongTermEquityInvestment0.0020.31M
GoodwillAndOtherIntangibleAssets108.28M22.45M20.60M26.59M
OtherIntangibleAssets18.86M8.13M6.58M12.58M
Goodwill89.42M14.32M14.01M14.01M
NetPPE178.41M149.64M131.72M117.25M
AccumulatedDepreciation-129.15M-95.42M-67.37M-43.10M
GrossPPE307.56M245.07M199.08M160.35M
Leases22.83M20.57M18.77M14.32M
ConstructionInProgress36.98M19.58M6.05M6.09M
OtherProperties191.79M154.79M129.23M99.10M
MachineryFurnitureEquipment22.38M19.18M15.75M11.60M
BuildingsAndImprovements23.80M22.19M21.38M21.38M
LandAndImprovements6.27M6.27M6.27M6.27M
CurrentAssets1.45B969.61M1.06B1.08B
OtherCurrentAssets5.39M2.17M3.77M1.14M
RestrictedCash220.00K0.000.003.20M
PrepaidAssets25.09M18.54M15.07M19.02M
Receivables7.14M16.04M4.66M4.02M
OtherReceivables7.14M16.04M4.66M4.02M
CashCashEquivalentsAndShortTermInvestments1.41B932.85M1.03B1.06B
OtherShortTermInvestments1.17B733.22M828.23M910.69M
CashAndCashEquivalents240.81M199.63M204.02M146.10M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-563.81M-476.88M-344.43M-290.81M
RepaymentOfDebt-1.63M-2.44M-844.00K-1.04M
IssuanceOfDebt0.000.0074.97M
IssuanceOfCapitalStock1.01B376.52M287.03M60.06M
CapitalExpenditure-53.92M-40.62M-30.60M-54.89M
EndCashPosition241.72M200.39M204.78M150.07M
BeginningCashPosition200.39M204.78M150.07M956.33M
ChangesInCash41.33M-4.39M54.71M-806.26M
FinancingCashFlow1.03B361.11M288.24M60.46M
CashFlowFromContinuingFinancingActivities1.03B361.11M288.24M60.46M
NetOtherFinancingCharges-20.38M-14.63M1.02B
ProceedsFromStockOptionExercised36.79M1.66M2.06M1.44M
NetPreferredStockIssuance0.00
PreferredStockIssuance0.00
NetCommonStockIssuance1.01B376.52M287.03M60.06M
CommonStockIssuance1.01B376.52M287.03M60.06M
NetIssuancePaymentsOfDebt-1.63M-2.44M-844.00K-1.04M
NetLongTermDebtIssuance-1.63M-2.44M-844.00K-1.04M
LongTermDebtPayments-1.63M-2.44M-844.00K-1.04M
LongTermDebtIssuance0.000.0074.97M
InvestingCashFlow-475.42M70.76M80.30M-630.79M
CashFlowFromContinuingInvestingActivities-475.42M70.76M80.30M-630.79M
NetInvestmentPurchaseAndSale-424.95M111.38M110.90M-570.19M
SaleOfInvestment745.42M715.16M920.88M788.76M
PurchaseOfInvestment-1.17B-603.78M-809.98M-1.36B
NetBusinessPurchaseAndSale3.45M0.000.00-5.71M
SaleOfBusiness3.45M0.000.00
PurchaseOfBusiness0.000.00-5.71M-6.85M
NetPPEPurchaseAndSale-53.92M-40.62M-30.60M-54.89M
PurchaseOfPPE-53.92M-40.62M-30.60M-54.89M
OperatingCashFlow-509.89M-436.27M-313.83M-235.93M
CashFlowFromContinuingOperatingActivities-509.89M-436.27M-313.83M-235.93M
ChangeInWorkingCapital7.63M-6.40M8.91M51.75M
ChangeInOtherCurrentLiabilities4.04M-171.00K2.74M22.68M
ChangeInOtherCurrentAssets1.44M-545.00K309.00K20.02M
ChangeInPayablesAndAccruedExpense-6.90M6.12M6.44M10.88M
ChangeInPayable-6.90M6.12M6.44M10.88M
ChangeInAccountPayable-6.90M6.12M6.44M10.88M
ChangeInReceivables9.04M-11.80M-573.00K-1.82M
OtherNonCashItems22.06M
StockBasedCompensation127.89M104.45M93.64M69.07M
AmortizationOfSecurities-7.83M-15.82M-20.20M-5.24M
DeferredTax0.000.00-10.54M
DeferredIncomeTax0.000.00-10.54M
DepreciationAmortizationDepletion40.16M35.57M30.49M24.00M
DepreciationAndAmortization40.16M35.57M30.49M24.00M
OperatingGainsLosses252.11M53.97M86.38M-117.47M
EarningsLossesFromEquityInvestments40.26M0.000.00-19.46M
GainLossOnInvestmentSecurities211.85M53.97M86.38M-98.00M
NetIncomeFromContinuingOperations-929.84M-608.03M-513.05M-258.04M
SEC Filings

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

Public Trades for JOBY
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status