JOBYNYSEAircraftFiscal year ends December 31
Joby Aviation, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$4.61−0.05 (-1.07%)
Close on Oct 19, 2026
- Market cap
- $4.47B
- P/E (TTM)
- –
- Dividend yield
- 0.00%
Margins
Share of revenue, fiscal years 2019 to 2025
Operating margin
-1346.9%
Net margin
-1740.5%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +39183.1% | – | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 49.6% | -80.1% | |
| Return on assets | – | – | -62.0% | |
| Current ratio | – | 56.36 | 24.09 | |
| Interest coverage | – | -531.1× | – | |
| Capex to revenue | – | – | 100.9% | |
| Diluted shares | – | 104M | 826M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Joby Aviation generated $1.69B from operations and spent $212.36M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$1.69B
Used
$212.36M
Capital expenditure$212.36M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1740.5%
×Asset turnover0.04×
×Equity multiplier1.29×
=Return on equity, FY2025-80.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1740.5% | 0.04× | 1.29× | -80.1% |
| FY2024 | -447083.8% | 0.00× | 1.27× | -62.5% |
| FY2023 | -49714.1% | 0.00× | 1.17× | -46.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$929.84M
- Cash generatingOperating cash flow above zero-$509.89M
- Return on assets improvedROA up on the prior year-47.9% → -77.3%
- Earnings backed by cashOperating cash flow above net income-$509.89M vs -$929.84M
- Less leverageLong-term debt to assets fell– → 0.0%
- Better liquidityCurrent ratio rose20.14 → 24.09
- No dilutionShare count did not rise700M → 826M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.00 → 0.04