Joby Aviation, Inc. balance sheet
At the end of fiscal 2025, Joby Aviation, Inc. had total assets of $1.80bn, total liabilities of $385m and shareholders' equity of $1.41bn. It held $241m in cash against $0 of debt: net cash of $241m.
Balance sheet
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Cash and equivalents | 956 | 146 | 204 | 200 | 241 | 630 |
| Receivables | — | — | — | 16 | 7 | 12 |
| Total current assets | 1,319 | 1,084 | 1,056 | 970 | 1,446 | 2,316 |
| Goodwill | 11 | 14 | 14 | 14 | 89 | 89 |
| Total assets | 1,488 | 1,293 | 1,269 | 1,203 | 1,795 | 2,752 |
| Accounts payable | 4 | 8 | 3 | 4 | 4 | 8 |
| Deferred revenue (current) | — | 0 | 3 | 5 | 7 | 10 |
| Total current liabilities | 14 | 30 | 45 | 48 | 60 | 129 |
| Long-term debt | — | — | — | — | 0 | 702 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 702 |
| Total liabilities | 172 | 128 | 235 | 291 | 385 | 985 |
| Shareholders' equity | 1,317 | 1,165 | 1,034 | 912 | 1,410 | 1,767 |
| Net debt (negative = net cash) | −956 | −146 | −204 | −200 | −241 | 72 |
| Shares outstanding | 604m | 623m | 698m | 784m | 915m | 987m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | — | 16 | — | — | 10 | 7 | 11 | 12 |
| Total current assets | 738 | 970 | 841 | 1,015 | 1,019 | 1,446 | 2,512 | 2,316 |
| Goodwill | 14 | 14 | 14 | 14 | 90 | 89 | 89 | 89 |
| Total assets | 964 | 1,203 | 1,084 | 1,260 | 1,366 | 1,795 | 2,928 | 2,752 |
| Accounts payable | 5 | 4 | 5 | 5 | 13 | 4 | 8 | 8 |
| Deferred revenue (current) | 4 | 5 | 4 | 6 | 6 | 7 | 7 | 10 |
| Total current liabilities | 46 | 48 | 47 | 59 | 75 | 60 | 114 | 129 |
| Long-term debt | — | — | — | — | — | 0 | 701 | 702 |
| Total debt | — | — | — | — | — | 0 | 701 | 702 |
| Total liabilities | 183 | 291 | 225 | 362 | 470 | 385 | 970 | 985 |
| Shareholders' equity | 781 | 912 | 859 | 898 | 896 | 1,410 | 1,958 | 1,767 |
| Shares outstanding | 717m | 784m | 789m | 851m | 874m | 915m | 981m | 987m |
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