Joby Aviation, Inc.

JOBY Industrials Airports & Air Services

Joby Aviation, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $53.4 million, up 39,183.1% from fiscal 2024. In the quarter to June 2026, revenue grew 257,493.3%, EPS grew 39.0% and free cash flow fell 70.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

4.66 0.15 −3.12%
Market cap
$4.8B
P/E
0.0×
Fwd P/E
−11.6×
Dividend yield
—
F-score
4/9
Altman Z
14.44
Beneish M
345.40
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.01
Total sells 52.01
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 1 — — — — — — — — — —
Sell 1 2 13 15 8 20 4 5 10 3 4 11
Insider Ownership 33.83%

Capital & Financial Ratios $m

Market Cap 4,780.00
Revenue 116.30
Net Income (878.15)
Free Cash Flow (743.33)
Net Debt (1,563.26)
Current Ratio 17.98 (at or above 1.5: strong)
Debt/Equity 0.40 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (11.60) (negative: loss-making)
P/S ratio 38.86 (above 10: high)
P/B ratio 2.56
Past 5Y EPS Growth —
This Y EPS Growth 21.17% (at or above 15%: strong)
Next Y EPS Growth (4.26%) (below 0%: weak)
Next Y revenue growth 123.68% (at or above 10%: strong)
Next 5Y EPS Growth 10.19%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/B against its own 10 years 25.96%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,032 933 1,408 2,265
Receivables 5 16 7 12
Inventory — — — —
Other — — — —
1,056 970 1,446 2,316
2023 2024 2025 Q'26
Payables 3 4 4 8
ST’ Debt — — — —
Other — — — —
45 48 60 129

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 6.57%

Revenue $m

Mar Jun Sep Dec Year
’26 24 39 — — —
’25 — 0 23 31 53
’24 0 0 0 0 0
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (144) (173) — — —
’25 (111) (107) (139) (153) (510)
’24 (107) (99) (110) (120) (436)
’23 (79) (72) (80) (83) (314)
’22 (61) (53) (68) (53) (236)
’21 (30) (48) (69) (49) (196)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (222) (202) — — —
’25 (126) (119) (152) (167) (564)
’24 (114) (107) (120) (136) (477)
’23 (87) (77) (89) (91) (344)
’22 (72) (61) (74) (84) (291)
’21 (35) (57) (76) (60) (228)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.12) (0.25) — — —
’25 (0.11) (0.41) (0.48) (0.14) (1.13)
’24 (0.14) (0.18) (0.21) (0.34) (0.87)
’23 (0.19) (0.45) 0.00 (0.17) (0.79)
’22 (0.11) (0.09) (0.14) (0.11) (0.44)
’21 (0.37) (0.58) (0.20) 0.01 (0.61)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — 10.35 6.06 3.15 3.22 4.50 4.96

Analyst estimates 2026–2028

Powerpack
High — — — — 12.27 17.00 7.60 11.98 9.33 20.95
People
People Employees — — — — 2 1,124 1,422 1,777 2,029 2,559
Revenue/emp, $m — — — — 0.00 0.00 0.00 0.00 0.00 0.02
Income, $m
Income, $m Revenue — — — — — — — 1 0 53
Gross margin, % — — — — 0.00 0.00 0.00 80.62 50.74 45.10
EBT — — — — (114) (191) (258) (513) (608) (929)
EBT margin, % — — — — 0.00 0.00 0.00 (49,700.68) (446,988.97) (1,738.02)
Net income — 0 — — (114) (180) (258) (513) (608) (930)
Depreciation — — — — 7 16 24 30 36 40
Per share, $
Per share, $ Revenue — — — — 0.00 0.00 0.00 0.00 0.00 0.06
Earnings — — — — (1.10) (0.61) (0.44) (0.79) (0.87) (1.13)
Cash flow — — — — (1.02) (0.66) (0.40) (0.48) (0.62) (0.62)
Capex — — — — (0.23) (0.11) (0.09) (0.05) (0.06) (0.07)
Free cash flow — — — — (1.25) (0.77) (0.50) (0.53) (0.68) (0.68)
Book value — — — — (2.72) 4.47 1.99 1.60 1.30 1.71
Shares, m — — — — 104 295 586 648 700 826
Valuation, ×
Valuation, × P/E — — — — — — — 0.00 0.00 0.00
P/S — — — — — — — 0.00 41,833.33 203.93
P/B — — — — — — — 3.87 6.24 7.74
EV/Sales — — — — — — — 0.00 35,167.22 178.09
EV/FCF — — — — — — — (8.70) (10.03) (16.89)
Cash, $m
Cash, $m Operating cash flow — — — — (106) (196) (236) (314) (436) (510)
Capex — — — — (24) (32) (55) (31) (41) (54)
Free cash flow — — — — (130) (228) (291) (344) (477) (564)
Balance, $m
Balance, $m Working capital — — — — 443 1,305 1,054 1,011 921 1,386
Total debt — — — — 1 1 24 — — —
Net debt — — — — (445) (1,299) (1,060) (1,032) (933) (1,408)
Shareholders’ equity — — — — (283) 1,317 1,165 1,034 912 1,410
Returns, %
Returns, % ROA — — — — (45.92) (18.16) (18.56) (40.04) (49.18) (62.02)
ROIC — — — — 0.00 (902.22) (234.02) (13,970.58) 0.00 (28,518.98)
ROE — — — — (11.51) (34.89) (20.80) (46.66) (62.47) (80.09)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Joby Aviation, Inc. vs peers in Airports & Air Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PAC Grupo Aeroportuario Del Pacifico, S.A. de C.V. $10.5B 18.1× 17.5× +16.29% (above 0%: growing) +3.70% (above 0%: growing) −114.80% (below 0%: shrinking) 76.22% 44.16% Compare
ASR Grupo Aeroportuario del Sureste, S.A. de C.V. $6.5B 12.9× 11.8× +23.19% (above 0%: growing) +15.26% (above 0%: growing) +36.64% (above 0%: growing) 58.03% 40.61% Compare
JOBY Joby Aviation, Inc. $4.8B — (loss-making) — (loss-making) +257,493.33% (above 0%: growing) n/m −69.99% (below 0%: shrinking) 26.76% (675.18%)
CAAP Corporacion America Airports S.A. $4.0B 14.1× 12.1× +12.00% (above 0%: growing) +6.67% (above 0%: growing) −11.94% (below 0%: shrinking) 30.45% 19.75% Compare
OMAB Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $3.8B 14.7× — +15.00% (above 0%: growing) +18.37% (above 0%: growing) +2.87% (above 0%: growing) 71.85% 53.49% Compare
ASLE AerSale Corporation $223.8M — (loss-making) 9.8× −33.94% (below 0%: shrinking) n/m −141.55% (below 0%: shrinking) 22.94% (6.70%) Compare
UP Wheels Up Experience Inc. $128.8M — (loss-making) — −4.03% (below 0%: shrinking) n/m −115.78% (below 0%: shrinking) 11.91% (40.87%) Compare
SOAR Volato Group, Inc. $12.5M — (loss-making) — −96.12% (below 0%: shrinking) n/m −153.91% (below 0%: shrinking) 69.74% (261.14%) Compare
Median of peers $3.8B 14.4× 12.0× +12.00% +10.97% −114.80% 58.03% 19.75%

All 8 Airports & Air Services stocks →

Joby Aviation, Inc. (JOBY) key facts

  • Strength: Joby Aviation, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $53.4 million, up 39,183.1% from fiscal 2024.
  • Joby Aviation, Inc. (JOBY) is an Airports & Air Services company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, JOBY traded at $4.66, a market capitalization of $4.8 billion.
  • Return on equity was −80.1% and debt-to-equity 0.40.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 14.44 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Joby Aviation, Inc. (JOBY) Latest News

30 Sep

Impact 4 ·
stockrow.com/JOBY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com