Joby Aviation, Inc.
Business
Joby Aviation designs and manufactures piloted, all-electric vertical take-off and landing aircraft for urban air mobility. The company produces eVTOL aircraft optimized for urban routes with up to four passengers and speeds of 200 mph. Joby operates three business channels: owned & operated air taxi services in the US and Dubai, affiliate-operated services through regional partnerships, and direct aircraft sales including defense applications. The company maintains manufacturing facilities in California and Ohio and holds FAA operating and repair certifications.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Operating expenses: | 53 | 136,000 | 1 | 0 | 0 | |
| Cost of Revenue | 29 | 67,000 | 200,000 | 0 | 0 | |
| Research and development | 581 | 477 | 367 | 296 | 198 | |
| Selling, general and administrative | 163 | 120 | 106 | 96 | 62 | |
| Total operating expenses | 773 | 597 | 473 | 392 | 259 | |
| Loss from operations | −720 | −597 | −472 | −392 | −259 | |
| Interest and other income, net | 43 | 43 | 46 | 17 | 1 | |
| Loss on common stock issuance in private placement | −40 | 0 | 0 | — | — | |
| Loss from change in fair value of warrants, earnout shares and contingent consideration | −212 | −54 | −86 | — | — | |
| Total other loss, net | −209 | −11 | −41 | 134 | 68 | |
| Loss before income taxes | −929 | −608 | −513 | −258 | −191 | |
| Income tax expense | 1 | 129,000 | 139,000 | 92,000 | −11 | |
| Net loss | −930 | −608 | −513 | −258 | −180 | |
| Net loss per share, basic (in dollars per share) | −1.13 | −0.87 | −0.79 | −0.44 | −0.61 | |
| Net loss per share, diluted (in dollars per share) | −1.13 | −0.87 | −0.79 | −0.44 | −0.61 | |
| Weighted-average common shares outstanding, basic (in shares) | 826 | 700 | 648 | 586 | 295 | |
| Weighted-average common shares outstanding, diluted (in shares) | 826 | 700 | 648 | 586 | 295 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 241 | 200 | 204 | 146 | 956 | |
| Short-term investments | 1,167 | 733 | 828 | 911 | 343 | |
| Total cash, cash equivalents and short-term investments | 1,408 | 933 | 1,032 | 1,057 | 1,299 | |
| Restricted cash | 220,000 | 0 | 0 | 3 | 0 | |
| Other receivables | 7 | 16 | 5 | 4 | 2 | |
| Prepaid expenses and other current assets | 30 | 21 | 19 | 20 | 17 | |
| Total current assets | 1,446 | 970 | 1,056 | 1,084 | 1,319 | |
| Property and equipment, net | 147 | 121 | 103 | 92 | — | |
| Operating lease right-of-use assets | 32 | 29 | 28 | 25 | 0 | |
| Restricted cash | 693,000 | 762,000 | 762,000 | 762,000 | 762,000 | |
| Intangible assets | 19 | 8 | 7 | 13 | 15 | |
| Goodwill | 89 | 14 | 14 | 14 | 11 | |
| Other non-current assets | 62 | 61 | 61 | 64 | 70 | |
| Total assets | 1,795 | 1,203 | 1,269 | 1,293 | 1,488 | |
| Accounts payable | 4 | 4 | 3 | 8 | 4 | |
| Operating lease liabilities, current portion | 8 | 5 | 4 | 4 | 0 | |
| Accrued expenses and other current liabilities | 48 | 39 | 38 | 19 | 10 | |
| Total current liabilities | 60 | 48 | 45 | 30 | 14 | |
| Operating lease liabilities, net of current portion | 26 | 26 | 26 | 24 | 0 | |
| Warrant liability | 105 | 95 | 63 | 29 | 45 | |
| Earnout shares liability | 157 | 117 | 96 | 44 | 110 | |
| Total | 38 | 4 | 5 | 2 | 2 | |
| Total liabilities | 385 | 291 | 235 | 128 | 172 | |
| Commitments and contingencies (Note 7) | — | — | — | — | — | |
| Preferred stock: $0.0001 par value - 100,000,000 shares authorized at December 31, 2025 and 2024. No shares issued and outstanding at December 31, 2025 and 2024. | 0 | 0 | 0 | 0 | 0 | |
| Common stock: $0.0001 par value - 2,800,000,000 and 1,400,000,000 shares authorized at December 31, 2025 and 2024 respectively, 915,076,698 and 784,176,364 shares issued and outstanding at December 31, 2025 and 2024, respectively | 91,000 | 78,000 | 70,000 | 61,000 | 60,000 | |
| Additional paid-in capital | 4,194 | 2,769 | 2,282 | 1,908 | 1,793 | |
| Accumulated deficit | −2,786 | −1,856 | −1,248 | −735 | −477 | |
| Accumulated other comprehensive income (loss) | 2 | −583,000 | −480,000 | −9 | −122,000 | |
| Total stockholders equity | 1,410 | 912 | 1,034 | 1,165 | 1,317 | |
| Total liabilities and stockholders equity | 1,795 | 1,203 | 1,269 | 1,293 | 1,488 | |
| Common stock, shares authorized (in shares) | 2,800 | 1,400 | 1,400 | 1,400 | 1,400 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 40 | 36 | 30 | 24 | 16 | |
| Stock-based compensation expense | 128 | 104 | 94 | 69 | 27 | |
| Net accretion and amortization of investments in marketable debt securities | −8 | −16 | −20 | −5 | 4 | |
| Other receivables and prepaid expenses and other current assets | 9 | −12 | −573,000 | −2 | −12 | |
| Other non-current assets | 1 | −545,000 | 309,000 | 20 | 10 | |
| Accounts payable and accrued expenses and other liabilities | −7 | 6 | 6 | 11 | 6 | |
| Non-current liabilities | 4 | −171,000 | 3 | 23 | 0 | |
| Net cash used in operating activities | −510 | −436 | −314 | −236 | −196 | |
| Purchase of marketable securities | −1,170 | −604 | −810 | −1,359 | −402 | |
| Proceeds from sales and maturities of marketable securities | 745 | 715 | 921 | 789 | — | |
| Purchases of property and equipment | −54 | −41 | −31 | −55 | −32 | |
| Acquisitions, net of cash | 3 | 0 | 0 | −6 | −7 | |
| Net cash provided by (used in) investing activities | −475 | 71 | 80 | −631 | −19 | |
| Proceeds from issuance of common stock in private placement, net | 250 | 0 | 280 | 60 | 0 | |
| Proceeds from the issuance of common stock under the Employee Stock Purchase Plan | 12 | 11 | 7 | 0 | — | |
| Proceeds from the exercise of stock options and warrants issuance | 37 | 2 | 2 | 1 | — | |
| Repayments of obligations under finance lease and tenant improvement loan | −2 | −2 | −844,000 | −1 | −1 | |
| Net cash provided by financing activities | 1,027 | 361 | 288 | 60 | 1,093 | |
| Net change in cash, cash equivalents and restricted cash | 41 | −4 | 55 | −806 | 878 | |
| Noncash Exercise Of Private Warrants | 85 | 0 | 0 | — | — | |
| Acquisitions in exchange for stock issuance | 74 | 0 | 0 | — | — | |
| Unpaid property and equipment purchases | 3 | 7 | 2 | 4 | 654,000 | |
| Property and equipment purchased through financing leases | 4 | 3 | 5 | 694,000 | 926,000 | |
| Right-of-use assets acquired through operating leases | 4 | 5 | 6 | 29 | 0 | |
| Net non-cash assets acquired | 0 | 9 | 0 | 0 | 654,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Joby Aviation, Inc.'s CIK number?
Joby Aviation, Inc.'s SEC CIK number is 0001819848 (1819848). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Joby Aviation, Inc.'s SEC filings?
All of Joby Aviation, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Joby Aviation, Inc. last report earnings?
Joby Aviation, Inc. (JOBY-WT) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001819848-26-000321). This is Joby Aviation, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Joby Aviation, Inc.'s most recent earnings 8-K?
Joby Aviation, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001819848-26-000321. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Joby Aviation, Inc.'s latest earnings 8-K →
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