Joby Aviation, Inc.

JOBY· NYSE· Aircraft

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
-1055.3%
ROIC, 5 yr avg
–
Revenue, 5 yr CAGR
–
We record prices for the companies we cover; JOBY is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2025

Market cap
–
Enterprise value
–
Diluted shares
826.2M
Revenue
$53.4M
Free cash flow
-$563.8M
Owner earnings
-$691.7M

Valuation · FY2025

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2025

Gross
–
Operating
-1346.9%
Net
-1740.5%
Free cash flow
-1055.3%
Owner earnings
-1294.7%
Stock pay
239.4%

Returns

ROIC, FY2025
–
ROIC, 5 yr avg
–
ROE, FY2025
-66.0%
ROE, 5 yr avg
-43.6%

Growth (CAGR)

Revenue, 3 yr
–
Revenue, 5 yr
–
Diluted EPS, 3 yr
–
Diluted EPS, 5 yr
–
Free cash flow, 3 yr
–
Free cash flow, 5 yr
–

Financial health · FY2025

Cash and investments
$1.4B
Total debt
–
Net cash
–
Debt/Equity
–
Debt/FCF
–

Shareholder returns · FY2025

Dividend yield
–
Payout ratio
–
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
51.4%

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$53.4M

FY2025

FY2020: Revenue –FY2021: Revenue $0FY2022: Revenue $0FY2023: Revenue $1.0MFY2024: Revenue $136.0KFY2025: Revenue $53.4M
FY2020FY2025

Margins

Operating-1346.9%Net-1740.5%

FY2025

FY2020: Operating –, Net –FY2021: Operating –, Net –FY2022: Operating –, Net –FY2023: Operating -45745.5%, Net -49714.1%FY2024: Operating -438789.7%, Net -447083.8%FY2025: Operating -1346.9%, Net -1740.5%
FY2020FY2025

Free cash flow and owner earnings

Free cash flow-$563.8MOwner earnings-$691.7M

FY2025

FY2020: Free cash flow -$129.6M, Owner earnings -$136.8MFY2021: Free cash flow -$228.1M, Owner earnings -$255.0MFY2022: Free cash flow -$290.8M, Owner earnings -$359.9MFY2023: Free cash flow -$344.4M, Owner earnings -$438.1MFY2024: Free cash flow -$476.9M, Owner earnings -$581.3MFY2025: Free cash flow -$563.8M, Owner earnings -$691.7M
FY2020FY2025

Diluted shares

826.2M

+694.9% over 5 years, net dilution

FY2020: Diluted shares 103.9MFY2021: Diluted shares 294.9MFY2022: Diluted shares 585.5MFY2023: Diluted shares 647.9MFY2024: Diluted shares 699.8MFY2025: Diluted shares 826.2M
FY2020FY2025

Every figure, year by year

Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
The business
Revenue–$0$0$1.0M$136.0K$53.4M
Revenue growth––––-86.8%39183.1%
Gross margin––––––
Operating margin–––-45745.5%-438789.7%-1346.9%
Net income-$114.2M-$180.3M-$258.0M-$513.0M-$608.0M-$929.8M
Net margin–––-49714.1%-447083.8%-1740.5%
Diluted EPS$-1.10$-0.61$-0.44$-0.79$-0.87$-1.13
Return on invested capital?––––––
Cash
Operating cash flow-$105.9M-$195.7M-$235.9M-$313.8M-$436.3M-$509.9M
Capital expenditure$23.7M$32.3M$54.9M$30.6M$40.6M$53.9M
Free cash flow-$129.6M-$228.1M-$290.8M-$344.4M-$476.9M-$563.8M
Stock-based compensation$7.2M$26.9M$69.1M$93.6M$104.4M$127.9M
Owner earnings?-$136.8M-$255.0M-$359.9M-$438.1M-$581.3M-$691.7M
Free cash flow per share$-1.25$-0.77$-0.50$-0.53$-0.68$-0.68
Capital allocation
Dividends paid––––––
Share repurchases––––––
Diluted shares103.9M294.9M585.5M647.9M699.8M826.2M
Share count change?–183.7%98.6%10.7%8.0%18.1%
Balance sheet
Cash and equivalents$77.3M$955.6M$146.1M$204.0M$199.6M$240.8M
Short-term investments$368.6M$343.2M$910.7M$828.2M$733.2M$1.2B
Total debt––––––
Net debt––––––
Shareholders' equity-$283.2M$1.3B$1.2B$1.0B$912.4M$1.4B

Latest filings

All on EDGAR
2026-08-0610-QQuarterly report
2026-08-058-KEarnings release
2026-05-0610-QQuarterly report
2026-05-058-KEarnings release
2026-04-21DEF 14AProxy statement
2026-02-2710-KAnnual report
2026-02-258-KEarnings release
2026-02-028-KEarnings release
2025-11-0610-QQuarterly report
2025-11-058-KEarnings release

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