A Business at a Glance
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We have spent more than a decade designing and testing a piloted, all-electric, vertical take-off and landing (“eVTOL”) air taxi which we intend to operate in cities around the world. We intend to operate air taxi services both directly and through strategic partnerships, while also pursuing aircraft sales to distributors and expanding into defense and other specialized markets. Our mission is to help the world connect faster and more easily with the people and places that matter most by delivering a new form of clean, fast, quiet and convenient aerial transportation service. The Joby eVTOL is being designed to transport a pilot and up to four passengers - or a targeted payload of up to 1,000 pounds - at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | 0 | - | - | - | 0 |
| Net Income | -930M | -930M | -608M | -513M | -258M |
| EPS | $-1.13 | $-1.13 | $-0.87 | $-0.79 | $-0.44 |
| Free Cash Flow | -564M | -564M | -477M | -344M | -291M |
| ROIC | -46.9% | -79.7% | -66.4% | -49.4% | -22.1% |
| Gross Margin | - | - | - | - | - |
| Debt/Equity | 0.03 | 0.03 | 0.04 | 0.04 | 0.02 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | -720M | -720M | -597M | -472M | -392M |
| Operating Margin | 0.0% | - | - | - | - |
| ROE | -66.0% | -80.1% | -66.6% | -49.6% | -22.2% |
| Shares Outstanding | 823M | 823M | 699M | 649M | 586M |
| Metric | 2022 | 2023 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 0 | N/A | N/A | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| R&D | 296M | 367M | 477M | 581M | 581M |
| SG&A | 96M | 106M | 120M | 163M | 163M |
| EBIT | -392M | -472M | -597M | -720M | -720M |
| Op. Margin | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | -258M | -513M | -608M | -930M | -930M |
| Net Margin | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | -22.1% | -49.4% | -66.4% | -79.7% | -46.9% |
| ROE | -22.2% | -49.6% | -66.6% | -80.1% | -66.0% |
| ROA | -20.0% | -40.4% | -50.5% | -62.0% | -51.8% |
| Cash Flow | |||||
| Op. Cash Flow | -236M | -314M | -436M | -510M | -510M |
| Free Cash Flow | -291M | -344M | -477M | -564M | -564M |
| Owner Earnings | -329M | -438M | -576M | -678M | -678M |
| CapEx | 55M | 31M | 41M | 54M | 54M |
| Maint. CapEx | 24M | 30M | 36M | 40M | 40M |
| Growth CapEx | 31M | 104K | 5.0M | 14M | 14M |
| D&A | 24M | 30M | 36M | 40M | 40M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 1K | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 69M | 94M | 104M | 128M | 128M |
| Debt Repayment | 1.0M | 844K | 2.4M | 1.6M | 1.6M |
| Balance Sheet | |||||
| Net Debt | -1.0B | -996M | -895M | -1.4B | -197M |
| Cash & Equiv. | 146M | 204M | 200M | 241M | 241M |
| Long-Term Debt | 821K | 4.4M | 3.9M | 7.4M | 7.4M |
| Debt/Equity | 0.02 | 0.04 | 0.04 | 0.03 | 0.03 |
| Interest Coverage | -3323.8 | N/A | N/A | N/A | N/A |
| Equity | 1.2B | 1.0B | 912M | 1.4B | 1.4B |
| Total Assets | 1.3B | 1.3B | 1.2B | 1.8B | 1.8B |
| Total Liabilities | 128M | 235M | 291M | 385M | 385M |
| Intangibles | 13M | 6.6M | 8.1M | 19M | 19M |
| Retained Earnings | -735M | -1.2B | -1.9B | -2.8B | -2.8B |
| Working Capital | 1.1B | 1.0B | 921M | 1.4B | 1.4B |
| Current Assets | 1.1B | 1.1B | 970M | 1.4B | 1.4B |
| Current Liabilities | 30M | 45M | 48M | 60M | 60M |
| Per Share Data | |||||
| EPS | -0.44 | -0.79 | -0.87 | -1.13 | -1.13 |
| Owner EPS | -0.56 | -0.67 | -0.82 | -0.82 | -0.82 |
| Book Value | 1.99 | 1.59 | 1.31 | 1.71 | 1.71 |
| Cash Flow/Share | -0.40 | -0.48 | -0.62 | -0.62 | -1.08 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 586.5M | 649.4M | 698.9M | 822.9M | 822.9M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | -7.5 |
| P/FCF | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 1.6 | 4.3 | 6.8 | 8.1 | 5.0 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | -15.5% | -7.7% | -7.6% | -4.9% | -8.0% |
| Market Cap | 1.9B | 4.5B | 6.2B | 11.4B | 7.0B |
| Avg. Price | 5.04 | 5.87 | 5.67 | 11.36 | 8.52 |
| Year-End Price | 3.19 | 6.90 | 8.93 | 13.88 | 8.52 |
Joby Aviation, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Joby Aviation, Inc. (JOBY) has a 5-year average return on invested capital (ROIC) of -54.4%. This is below average and may indicate limited pricing power.
Joby Aviation, Inc. (JOBY) has a market capitalization of $7.0B. It is classified as a mid-cap stock.
Joby Aviation, Inc. (JOBY) does not currently pay a regular dividend.
Joby Aviation, Inc. (JOBY) operates in the Aircraft industry, within the Industrials sector.
Joby Aviation, Inc. (JOBY) generated $-564 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Joby Aviation, Inc. (JOBY) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
Joby Aviation, Inc. (JOBY) reported earnings per share (EPS) of $-1.13 in its most recent fiscal year.
Joby Aviation, Inc. (JOBY) has a return on equity (ROE) of -80.1%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 4 years of financial data for Joby Aviation, Inc. (JOBY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Joby Aviation, Inc. (JOBY) has a book value per share of $1.71, based on its most recent annual SEC filing.