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Joby Aviation, Inc. (JOBY) stock

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NYSE: JOBY NYSE Aerospace & Defense Next results ~November 4, 2026

D Fundamentals grade

Joby Aviation, Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Joby Aviation, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Joby Aviation, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 9 selling1 purchase and 128 sales by directors and officers, last 12 monthsInsider trades
  • Funds296 adding, 187 cuttingOf 54 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Joby Aviation files

10-Q filed August 6: Joby Aviation

Revenue for the twelve months to June 2026 was $116m, up 118568.4% on a year earlier, faster than the 69873.9% growth a quarter earlier. That growth ranks 1 of 48 among the aerospace & defense companies we cover. Free-cash-flow margin rose to -639.2% from -510914.3% a year earlier. Operating margin widened to -759.2% from -650732.7%. The diluted share count is up 22.2% on a year earlier, which dilutes existing holders.

Our model value for Joby Aviation is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Joby Aviation stands after its latest Filing

Revenue for the twelve months was $116m, up 118568.4% on a year earlier, faster than the 69873.9% growth a quarter earlier. That growth ranks 1 of 46 among the aerospace & defense companies we cover. Free-cash-flow margin rose to -639.2% from -510914.3% a year earlier. Operating margin widened to -759.2% from -650732.7%. The diluted share count is up 22.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 5 financial-health checks.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Joby Aviation, Inc.'s trailing-twelve-month revenue grew 118568.4% year on year, with a free-cash-flow margin of -639.2%. Where it stands out: revenue growth of 118568.4% ranks 1 of 57 aerospace & defense companies we cover. Where it lags: net margin of -755.1% ranks 55 of 57 aerospace & defense companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 118568.4% (+48694.5pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 118568.4% over the last 12 months, against a median of 15.5% for aerospace & defense companies we cover.
  • Growth speeding up. The growth rate is 48694.5 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 649973.5 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -759.2%: costs exceed revenue.
  • Burning cash. Free cash flow was -639.2% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 146.5% of revenue, against a median of 1.5% for aerospace & defense companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 22.2% in a year.
  • High sales multiple. The shares trade at 38 times revenue while operating margins remain thin.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
-$0.25 against an average estimate of -$0.23: missed by 6.6%
Revenue
$39m, up 257493.3% on a year earlier
Share reaction
+3.3% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
November 4, 2026

Joby Aviation's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.8%
  • 1 week+2.6%
  • 1 month-19.2%
  • This year-63.6%
  • 1 year-72.3%
  • 5 years-49.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$116M
Operating margin
-759.2%
Net margin
-755.1%
EPS (TTM, diluted)
$-0.96

Growth

Revenue growth
+118568.4%
Change in growth rate
+48694.5 pts
Share count change
+22.2%

Cash

Free cash flow (TTM)
-$743M
FCF margin
-639.2%
Stock pay % of revenue
146.5%

Earnings

Last results
August 5, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Announcement
  3. Leadership
  4. Insider trade
  5. Agreement
  6. Results
  7. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Joby Aviation, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Joby Aviation, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.44 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.2 ~$0.2–$0.6 Left out: out of range vs price (0.05x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Joby Aviation, Inc. with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$7.30$3.35$6.65$8.13$13.20$4.81
Market value$4.3bn$2.0bn$4.3bn$5.7bn$10.9bn$4.4bn
+ Net debt (− = net cash)−$956m−$146m−$204m−$200m−$241m$72m
Enterprise value$3.3bn$1.8bn$4.1bn$5.5bn$10.7bn$4.5bn
Multiples
Price / sales ——n/mn/mn/m37.8x
Price / earnings ——————
Price / free cash flow ——————
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $40m for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.77 +6% $121m +126%
Next −$0.65 +16% $215m +78%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −14.4% on 90 days ago. In the last 30 days, 0 analysts raised Joby Aviation, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Joby Aviation, Inc., last 90 days
−$1.00 −$0.50 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.90 Current fiscal year, 60 days ago: −$0.67 Current fiscal year, 30 days ago: −$0.67 Current fiscal year, 7 days ago: −$0.99 Current fiscal year, Now: −$0.77 −$0.77 Next fiscal year, 90 days ago: −$0.59 Next fiscal year, 60 days ago: −$0.50 Next fiscal year, 30 days ago: −$0.50 Next fiscal year, 7 days ago: −$0.65 Next fiscal year, Now: −$0.65 −$0.65

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.90−$0.59
60 days ago −$0.67−$0.50
30 days ago −$0.67−$0.50
7 days ago −$0.99−$0.65
Now −$0.77−$0.65

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.23 −$0.25 −6.6%
Mar 2026 −$0.21 −$0.12 +41.5%
Dec 2025 −$0.20 −$0.22 −10.1%
Sept 2025 −$0.19 −$0.20 −7.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

11 analysts, Oct 2026
Buy327%
Hold436%
Sell436%

Monthly trend

  1. Oct 20261242211
  2. Sep 20261252111
  3. Aug 20261252111
  4. Jul 20261252111

Counts of recommendations published by analysts covering Joby Aviation, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
21.4%
of tradable shares
Days to cover
5.99
at average volume
Short interest, 1 month
+15%
to October 15, 2026
Held by institutions
45%
of shares
Held by insiders
32.3%
of shares
Employees
2,559
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −72.3%

$17.34 on October 31, 2025 to $4.81

ThenNowEffect
Revenue (last 12 months) $98000 $116m +118568.4%
P/S multiple n/m 37.8x −100.0%
Share count 748m 914m −18.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
JOBY−37%−54%+99%+22%+62%−64%
Industry peers (median)−4%−10%+13%+22%+16%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
JOBY33%42%50%42%58%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
JOBY−59%−58%−52%−36%−48%−72%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 9, 2020: 80% from February 16, 2021 to December 27, 2022. Getting back needed a 394% gain, reached on July 16, 2025, 932 days after the low.

Price behaviour

52-week range
$4.61 – $16.35
From 52-week high
−70.6%
vs 50-day average
−18.1%
vs 200-day average
−43.9%
Volatility (1 year)
66%
Beta vs S&P 500
3.06

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±6.4%
After a week
7 up, 5 down
typical move ±7.5%
After a month
4 up, 8 down
typical move ±18.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +3.3% −0.4% −0.1% −13.8%
May 5, 2026 +18.7% +2.2% +18.4% +25.7%
February 25, 2026 +5.2% +0.3% +1.7% −12.9%
February 2, 2026 +1.5% −0.4% +1.1% −6.4%
November 5, 2025 −3.0% −0.7% +10.4% +3.4%
August 6, 2025 −11.5% +0.7% −8.7% −30.9%
May 7, 2025 +4.6% +1.1% +12.7% +27.7%
February 26, 2025 +3.8% −1.5% +4.5% −1.1%
November 6, 2024 0.0% +3.3% +15.7% +73.3%
August 7, 2024 +1.2% +1.6% −3.5% −7.2%
May 7, 2024 −11.6% +0.1% −2.5% −6.9%
February 21, 2024 −12.1% +2.2% −11.3% −15.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Joby Aviation, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Joby Aviation, Inc.
$0 $50M $100M $150M FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue (TTM), FY23 Q4: $1M Revenue (TTM), FY24 Q1: $1.1M Revenue (TTM), FY24 Q2: $1.1M Revenue (TTM), FY24 Q3: $1.1M Revenue (TTM), FY24 Q4: $136K Revenue (TTM), FY25 Q1: $111K Revenue (TTM), FY25 Q2: $98K Revenue (TTM), FY25 Q3: $22.6M Revenue (TTM), FY25 Q4: $53.4M Revenue (TTM), FY26 Q1: $77.7M Revenue (TTM), FY26 Q2: $116.3M $116.3M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1M
FY24 Q1 $1.1M
FY24 Q2 $1.1M
FY24 Q3 $1.1M
FY24 Q4 $136K
FY25 Q1 $111K
FY25 Q2 $98K
FY25 Q3 $22.6M
FY25 Q4 $53.4M
FY26 Q1 $77.7M
FY26 Q2 $116.3M
Revenue growth, TTM YoY Joby Aviation, Inc.
-50000% 0% 50000% 100000% 150000% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY24 Q4: -86.8% Revenue growth, TTM YoY, FY25 Q1: -89.5% Revenue growth, TTM YoY, FY25 Q2: -91.0% Revenue growth, TTM YoY, FY25 Q3: 1934.5% Revenue growth, TTM YoY, FY25 Q4: 39183.1% Revenue growth, TTM YoY, FY26 Q1: 69873.9% Revenue growth, TTM YoY, FY26 Q2: 118568.4% 118568.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q4 -86.8%
FY25 Q1 -89.5%
FY25 Q2 -91.0%
FY25 Q3 1934.5%
FY25 Q4 39183.1%
FY26 Q1 69873.9%
FY26 Q2 118568.4%
Operating margin (TTM) Joby Aviation, Inc.
-800000% -600000% -400000% -200000% 0% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Operating margin (TTM), FY23 Q4: -45745.5% Operating margin (TTM), FY24 Q1: -49032.6% Operating margin (TTM), FY24 Q2: -50377.2% Operating margin (TTM), FY24 Q3: -51673.0% Operating margin (TTM), FY24 Q4: -438789.7% Operating margin (TTM), FY25 Q1: -553280.2% Operating margin (TTM), FY25 Q2: -650732.7% Operating margin (TTM), FY25 Q3: -2926.6% Operating margin (TTM), FY25 Q4: -1346.9% Operating margin (TTM), FY26 Q1: -1017.0% Operating margin (TTM), FY26 Q2: -759.2% -759.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -45745.5%
FY24 Q1 -49032.6%
FY24 Q2 -50377.2%
FY24 Q3 -51673.0%
FY24 Q4 -438789.7%
FY25 Q1 -553280.2%
FY25 Q2 -650732.7%
FY25 Q3 -2926.6%
FY25 Q4 -1346.9%
FY26 Q1 -1017.0%
FY26 Q2 -759.2%
FCF margin (TTM) Joby Aviation, Inc.
-600000% -400000% -200000% 0% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FCF margin (TTM), FY23 Q4: -33374.8% FCF margin (TTM), FY24 Q1: -35063.8% FCF margin (TTM), FY24 Q2: -36938.8% FCF margin (TTM), FY24 Q3: -38829.8% FCF margin (TTM), FY24 Q4: -350650.0% FCF margin (TTM), FY25 Q1: -440798.2% FCF margin (TTM), FY25 Q2: -510914.3% FCF margin (TTM), FY25 Q3: -2352.7% FCF margin (TTM), FY25 Q4: -1055.3% FCF margin (TTM), FY26 Q1: -850.1% FCF margin (TTM), FY26 Q2: -639.2% -639.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -33374.8%
FY24 Q1 -35063.8%
FY24 Q2 -36938.8%
FY24 Q3 -38829.8%
FY24 Q4 -350650.0%
FY25 Q1 -440798.2%
FY25 Q2 -510914.3%
FY25 Q3 -2352.7%
FY25 Q4 -1055.3%
FY26 Q1 -850.1%
FY26 Q2 -639.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 0 1 0 53 116
EBITDA −243 −368 −442 −561 −679 −843
Operating income −259 −392 −472 −597 −720 −883
Net income −180 −258 −513 −608 −930 −878
Diluted EPS −$0.30 −$0.44 −$0.79 −$0.87 −$1.13 −$0.96
Growth (year on year)
Revenue — — — −86.8% +>999% +>999%
Margins
EBITDA margin — — <−999% <−999% <−999% −724.6%
Operating margin — — <−999% <−999% <−999% −759.2%
Net margin — — <−999% <−999% <−999% −755.1%
Free-cash-flow margin — — <−999% <−999% <−999% −639.2%
Cash flow
Cash from operations −196 −236 −314 −436 −510 −610
Capital spending 32 55 31 41 54 133
Free cash flow −228 −291 −344 −477 −564 −743
Stock-based pay 27 69 94 104 128 170
Free cash flow after stock pay −255 −360 −438 −581 −692 −914
Balance sheet
Cash 956 146 204 200 241 630
Total debt 0 0 0 0 0 702
Net debt (negative = net cash) −956 −146 −204 −200 −241 72
Diluted shares 590m 586m 648m 700m 826m 914m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 5 checks passed · June 30, 2026
What it owns · $2.8bn
Short-term assets $2.3bnLonger-term assets $436m
What it owes, and who funded it · $2.8bn
Short-term liabilities $129mLonger-term liabilities $857mShareholders' equity $1.8bn
  • Short-term assets cover short-term liabilities $2.3bn of assets due within a year against $129m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.3bn short-term assets against $857m of longer-dated liabilities.
  • More cash than debt $630m of cash against $702m of debt.
  • Debt below 40% of shareholders' equity Debt is 40% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$610m of operating cash flow against $702m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Joby Aviation, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+22.2%
year over year
R&D spending
586.9%
of revenue
Sales & admin spending
206.6%
of revenue

Competitors: side by side with peers

Closest by revenue in aerospace & defense
Last 12 months unless stated JOBY BKSY CEPL SIF IA XTIA Median
Revenue, last 12 months $116m $109m $103m $99m $93m $82m $769m
Revenue growth, last 12 months >999% 4.1% 5.4% 18.8% 20.3% >999% 15.5%
Revenue growth, 3-year average — 13.7% 9.3% 14.8% 47.4% 79.1% 12.6%
Revenue growth, latest quarter >999% 50.1% −10.6% 18.3% 10.7% >999% 15.8%
Gross margin — — 34.0% 16.6% 54.9% 18.3% 27.8%
Operating margin −759.2% −43.4% 4.4% 5.2% 27.4% −50.0% 9.0%
Operating margin, 3-year average <−999% −42.8% −7.3% −2.3% 22.8% −389.5% 6.0%
Net margin −755.1% −61.2% 3.5% 4.0% 20.5% −89.6% 5.5%
Cash from operations / revenue −524.5% −49.7% 4.3% 4.1% 19.9% −43.7% 5.5%
Free-cash-flow margin −639.2% −63.9% 2.8% 3.4% 15.3% −44.0% 3.4%
Free-cash-flow margin, 3-year average <−999% −27.2% −7.4% −0.6% 11.7% −474.9% 3.0%
Stock pay / revenue 146.5% 15.0% 0.8% — 3.0% 23.9% 1.2%
Change in share count 22.2% — 28.4% 1.4% 3.3% 19.0% 3.9%

Median of all 57 companies we cover in aerospace & defense. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 aerospace & defense companies
Measure Company Peer median Rank
Revenue growth Growth 118568.4% 15.5% 1 of 57
Change in growth rate Growth +48694.5pp +2.2pp 1 of 57
Operating margin Profitability -759.2% 8.5% 48 of 51
Net margin Profitability -755.1% 5.5% 55 of 57
Free-cash-flow margin Cash generation -639.2% 3.4% 55 of 57
Stock pay as % of revenue Cash generation 146.5% 1.5% 50 of 53
Long-term debt as % of assets Balance sheet 25.5% 22.1% 28 of 47
Change in share count Balance sheet 22.2% 2.4% 38 of 51

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Passenger $34.8M 65.2% —
Other $18.6M 34.8% ▲ 13578.7%
Geography
Region Revenue Share YoY
United States $35.8M 66.9% ▲ 26187.5%
Japan $8.1M 15.2% —
Europe $6.8M 12.7% —
Outside the US $2.8M 5.2% —

From Joby Aviation, Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$5.2B
Institutions reporting
522
Shares held vs prior quarter
▲ 9.2%
Positions opened / closed
78 / 79

Top buyers and sellers, Q2 2026: 296 institutions bought and 187 sold ; the biggest buyer was Marshall Wace, LLP (+7.9M shares) and the biggest seller Ghisallo Capital Management LLC (−3.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Toyota Motor Corp/ $1.1B 128.5M 21.8% 0.0%
Baillie Gifford & Co $545M 61.1M 10.4% ▼ 2.1%
Blackrock, Inc. $477M 53.5M 9.1% ▲ 14.9%
Capricorn Investment Group LLC $254M 28.5M 4.8% 0.0%
Vanguard Portfolio Management LLC $246M 27.6M 4.7% ▲ 6.0%
Vanguard Capital Management LLC $238M 26.7M 4.5% ▲ 2.6%
Morgan Stanley $174M 19.5M 3.3% ▲ 68.0%
Geode Capital Management, LLC $142M 15.9M 2.7% ▲ 15.1%
State Street Corp $140M 15.7M 2.7% ▲ 19.8%
Intel Corp $137M 15.3M 2.6% 0.0%
Delta Air Lines, Inc. $130M 14.6M 2.5% 0.0%
UBS Group AG $97.1M 10.9M 1.9% ▲ 49.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Joby Aviation, Inc.'s complete shareholder register. Values are as reported by the filers ; 14 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $7,282 1 trade by 1 insider, last 12 months Insider sales History → $52M 128 trades by 9 insiders · 89% under pre-set plans
Net ▼ $52M net selling
Insider Date Trade Shares Price Value
Allison Eric Chief Product Officer October 13, 2026 Sell 27,593 $5.09 $140,448
Dehoff Kate See Remarks October 13, 2026 Sell 8,279 $5.09 $42,140
Bowles Gregory Chief Policy Officer October 5, 2026 Sell pre-set plan 5,302 $5.78 $30,646
Sciarra Paul Cahill Director October 2, 2026 Sell pre-set plan 62,500 $6.09 $380,625
Dehoff Kate See Remarks October 2, 2026 Sell 9,575 $5.95 $56,971
Simi Bonny W President of Operations October 2, 2026 Sell 10,890 $5.95 $64,796
Bowles Gregory Chief Policy Officer October 2, 2026 Sell 7,663 $5.95 $45,595
Brumana Rodrigo Chief Financial Officer October 2, 2026 Sell 2,601 $5.95 $15,476
Novikov Sergey See Remarks October 2, 2026 Sell 2,965 $5.95 $17,642
Allison Eric Chief Product Officer October 2, 2026 Sell 9,331 $5.95 $55,519
Bevirt Joeben CEO and Chief Architect October 2, 2026 Sell 15,789 $5.95 $93,945
Bowles Gregory Chief Policy Officer September 21, 2026 Sell pre-set plan 6,138 $6.35 $38,976

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 5, 2026
  • February 25, 2026
  • February 2, 2026
  • November 5, 2025
  • August 6, 2025

Recent SEC filings

Data status

When each part of this page on Joby Aviation, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Joby Aviation, Inc. in brief

What does Joby Aviation, Inc. do?
Joby Aviation, Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is Joby Aviation, Inc.'s stock ticker?
Joby Aviation, Inc. trades under the ticker JOBY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Joby Aviation, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Joby Aviation, Inc. reported revenue of $116M, 118568.4% higher than a year earlier, according to its SEC filings.
What is Joby Aviation, Inc.'s free cash flow?
Joby Aviation, Inc.'s free-cash-flow margin is -639.2% of revenue over the trailing twelve months, ranking 55 of the 57 aerospace & defense companies we cover.
Who are Joby Aviation, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Toyota Motor Corp/, Baillie Gifford & Co and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Joby Aviation, Inc.'s market cap?
On November 2, 2026, Joby Aviation, Inc.'s market capitalisation was about $4.4B and net debt of $72M. Market figures come from third-party market data and may be delayed.
How much debt does Joby Aviation, Inc. have?
Joby Aviation, Inc.'s debt-to-equity ratio is 39.7%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Joby Aviation, Inc.'s competitors?
In our Aerospace & Defense peer group, the companies closest to Joby Aviation, Inc. are Blacksky Technology Inc., Capstone Energy Plus, Inc., Sifco Industries Inc, Innovative Solutions & Support Inc and XTI Aerospace, Inc. The side-by-side comparison below sets their revenue, margins and growth against Joby Aviation, Inc.'s.
Are insiders buying or selling Joby Aviation, Inc. stock?
Over the last 12 months, Joby Aviation, Inc.'s directors and officers reported 1 open-market purchases and 128 sales on Form 4. The insider trading page charts every trade.
When is Joby Aviation, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Joby Aviation, Inc. announces its own schedule.