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Joby Aviation vs Voyager Technologies

Voyager Technologies is the larger business, with $166m of revenue in fiscal 2025 against $53.4m for Joby Aviation (3.1 times as much). Joby Aviation grew faster (39183.1% against 15.4%). Voyager Technologies kept more of each dollar of sales as profit: a net margin of -63.0% against -1740.5%. Joby Aviation carries less debt relative to equity (0.0% against 116.7%).

Latest fiscal yearJoby AviationJOBY, 2025Voyager TechnologiesVOYG, 2025
Revenue $53.4m $166m
Revenue growth 39183.1% 15.4%
Net income −$930m −$105m
Operating margin -1346.9% -65.2%
Net margin -1740.5% -63.0%
Return on equity -80.1% -66.8%
Free cash flow −$564m −$206m
Cash $241m $491m
Total debt $0 $448m
Debt to equity 0.0% 116.7%
Dividend per share — —
Dividend yield — —
Share buybacks — $27.7m
Employees 2,559 800
Market value $4.77bn $1.46bn
Price vs our value range — —
Moat score — —
Insider trades, 12 months 1 buys, 128 sales 0 buys, 4 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.