Joby Aviation, Inc.JOBY
NYSE•Industrials•Airports & Air Services
Joby Aviation, Inc., an air mobility company, engages in research, develop, test, manufacture, and sale of electric vertical takeoff and landing aircraft in the United States, Japan, Europe, and internationally. The company offers facilitation of passenger transportation via helicopter or fixed wing aircraft. It is also involved in the provision of government flight services, customer demonstration, and engineering services; and exhibition activities. Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.
Joby Aviation, Inc. (JOBY) reported trailing twelve months revenue of $77.67M as of March 2026, a 69873.9% increase year-over-year. Quarterly revenue reached $24.25M, reflecting continued top-line momentum.
Joby Aviation, Inc. reported a TTM net loss of $957.39M, with quarterly EBITDA of $-222.59M. The operating margin expanded from -16328400000.0% to -963.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (-963.4%) and net margin (-453.5%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -8240600000.0% a year ago, signaling stronger bottom-line efficiency.
JOBY trades at a P/S of 96.5x. The price-to-book ratio of 3.8x reflects a moderate premium to book value.
The company reported negative free cash flow of $-222.36M, indicating cash consumption over the period. The balance sheet shows $2.93B in total assets with $701.06M in long-term debt against $1.96B in stockholders equity for a debt-to-equity ratio of 0.4, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -2041358621.0%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Only 0 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.
Shares outstanding increased 36.9% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation