Joby Aviation, Inc. income statement
In fiscal 2025, Joby Aviation, Inc. reported revenue of $53.4m, up 39183.1% on the year before, operating income of −$720m (a -1346.9% margin) and net income of −$930m, or −$1.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 0 | 53 | 116 |
| Research and development | 198 | 296 | 367 | 477 | 581 | 683 |
| Selling, general and administrative | 62 | 96 | 106 | 120 | 163 | 240 |
| Operating income | −259 | −392 | −472 | −597 | −720 | −883 |
| Interest expense | 2 | 0 | — | — | — | — |
| Income before tax | −191 | −258 | −513 | −608 | −929 | −877 |
| Income tax | −11 | 0 | 0 | 0 | 1 | 1 |
| Net income | −180 | −258 | −513 | −608 | −930 | −878 |
| Diluted EPS | −$0.30 | −$0.44 | −$0.79 | −$0.87 | −$1.13 | −$0.96 |
| Diluted shares (average) | 590m | 586m | 648m | 700m | 826m | 914m |
| EBITDA | −243 | −368 | −442 | −561 | −679 | −843 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 23 | 31 | 24 | 39 |
| Research and development | 126 | 122 | 134 | 136 | 149 | 161 | 177 | 195 |
| Selling, general and administrative | 31 | 28 | 29 | 31 | 45 | 57 | 62 | 77 |
| Operating income | −157 | −150 | −163 | −168 | −182 | −207 | −234 | −261 |
| Income before tax | −143 | −247 | −82 | −325 | −401 | −120 | −110 | −245 |
| Income tax | 1 | −0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Net income | −144 | −246 | −82 | −325 | −401 | −122 | −110 | −245 |
| Diluted EPS | −$0.21 | −$0.34 | −$0.11 | −$0.41 | −$0.48 | −$0.12 | −$0.12 | −$0.25 |
| EBITDA | −149 | −140 | −154 | −159 | −173 | −196 | −223 | −251 |
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