JOBY NYSE Aerospace & Defense Financials FY2020–FY2025
Joby Aviation had $53.4M of revenue in fiscal 2025, up 39,183.1% on the year before.
Hi! I read Joby Aviation’s latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+39,183.1%
Yes. Sales grew 39,183.1% last year.
Does it make a profit?
−1,740.5%
No. It lost money last year.
Does profit turn into cash?
−1,055.3%
No. It spent more cash than it brought in.
Rules of thumb on reported numbers. A starting point, not a recommendation.
About these figures. Joby Aviation's filings don't tag its borrowings in the SEC's structured data, so debt and the ratios built on it are left blank.
Is it selling more, and how much does it keep?
KIRA summarises the numbers
Joby Aviation had $53.4M of revenue in fiscal 2025, up 39,183.1% on the year before.
Its operating margin was −1,346.9%, up 437,442.8 pts: of every 100 in sales, about −1,347 is left after running the business.
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Loss periods are shown in red.
KIRA summarises the numbers
Joby Aviation lost $930M in fiscal 2025.
Net income
Net income
Diluted EPS
Diluted EPS
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
KIRA summarises the numbers
Free cash flow was −$564M in fiscal 2025, −1,055.3% of revenue.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
KIRA summarises the numbers
Joby Aviation returned $0.0M to shareholders in fiscal 2025.
The diluted share count rose 18.1%.
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
KIRA summarises the numbers
In the last 12 months, insiders bought $0.0M and sold $52.0M of shares on the open market.
Bought, 12 months
$0.0M
1 insider
Sold, 12 months
$52.0M
9 insiders
Of sales under plans
89%
$46.2M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 13, 2026 | Eric AllisonChief Product Officer | Sold | 27,593 | $5.09 | $0.1M | Form 4 |
| Oct 13, 2026 | Kate DeHoffSee Remarks | Sold | 8,279 | $5.09 | $0.0M | Form 4 |
| Oct 5, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 5,302 | $5.78 | $0.0M | Form 4 |
| Oct 2, 2026 | Bonny W SimiPresident of Operations | Sold | 10,890 | $5.95 | $0.1M | Form 4 |
| Oct 2, 2026 | Eric AllisonChief Product Officer | Sold | 9,331 | $5.95 | $0.1M | Form 4 |
| Oct 2, 2026 | Gregory BowlesChief Policy Officer | Sold | 7,663 | $5.95 | $0.0M | Form 4 |
| Oct 2, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold | 15,789 | $5.95 | $0.1M | Form 4 |
| Oct 2, 2026 | Kate DeHoffSee Remarks | Sold | 9,575 | $5.95 | $0.1M | Form 4 |
| Oct 2, 2026 | Paul Cahill SciarraDirector | Sold plan | 62,500 | $6.09 | $0.4M | Form 4 |
| Oct 2, 2026 | Rodrigo BrumanaChief Financial Officer | Sold | 2,601 | $5.95 | $0.0M | Form 4 |
| Oct 2, 2026 | Sergey NovikovSee Remarks | Sold | 2,965 | $5.95 | $0.0M | Form 4 |
| Sep 21, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 6,138 | $6.35 | $0.0M | Form 4 |
| Sep 15, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold plan | 606,667 | $6.19 | $3.8M | Form 4 |
| Sep 3, 2026 | Rodrigo BrumanaChief Financial Officer | Sold plan | 8,898 | $6.89 | $0.1M | Form 4 |
| Sep 2, 2026 | Paul Cahill SciarraDirector | Sold plan | 62,500 | $6.68 | $0.4M | Form 4 |
| Sep 2, 2026 | Rodrigo BrumanaChief Financial Officer | Sold plan | 37,831 | $6.77 | $0.3M | Form 4 |
| Aug 25, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 4,575 | $7.23 | $0.0M | Form 4 |
| Aug 24, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 3,531 | $7.34 | $0.0M | Form 4 |
| Aug 17, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold plan | 596,667 | $7.87 | $4.7M | Form 4 |
| Aug 13, 2026 | Paul Cahill SciarraDirector | Sold plan | 62,500 | $7.96 | $0.5M | Form 4 |
| Jul 15, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold plan | 596,666 | $7.75 | $4.6M | Form 4 |
| Jul 14, 2026 | Kate DeHoffSee Remarks | Sold plan | 14,240 | $7.73 | $0.1M | Form 4 |
| Jul 13, 2026 | Eric AllisonChief Product Officer | Sold | 27,932 | $7.53 | $0.2M | Form 4 |
| Jul 13, 2026 | Kate DeHoffSee Remarks | Sold plan | 8,381 | $7.53 | $0.1M | Form 4 |
| Jul 6, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 4,724 | $9.10 | $0.0M | Form 4 |
| Jul 2, 2026 | Bonny W SimiPresident of Operations | Sold | 7,832 | $8.92 | $0.1M | Form 4 |
| Jul 2, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold | 12,939 | $8.92 | $0.1M | Form 4 |
| Jul 2, 2026 | Eric AllisonChief Product Officer | Sold | 9,330 | $8.92 | $0.1M | Form 4 |
| Jul 2, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 5,158 | $8.92 | $0.0M | Form 4 |
| Jul 2, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold | 15,788 | $8.92 | $0.1M | Form 4 |
| Jul 2, 2026 | Kate DeHoffSee Remarks | Sold | 9,575 | $8.92 | $0.1M | Form 4 |
| Jul 2, 2026 | Rodrigo BrumanaChief Financial Officer | Sold | 2,601 | $8.92 | $0.0M | Form 4 |
| Jun 16, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 1,975 | $9.42 | $0.0M | Form 4 |
| Jun 15, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 5,999 | $9.83 | $0.1M | Form 4 |
| Jun 4, 2026 | Rodrigo BrumanaChief Financial Officer | Sold plan | 78,489 | $11.30 | $0.9M | Form 4 |
| Jun 2, 2026 | Kate DeHoffSee Remarks | Sold | 15,201 | $11.77 | $0.2M | Form 4 |
| Jun 2, 2026 | Rodrigo BrumanaChief Financial Officer | Sold | 140,716 | $11.77 | $1.7M | Form 4 |
| Jun 1, 2026 | Paul Cahill SciarraDirector | Sold plan | 83,334 | $12.00 | $1.0M | Form 4 |
| May 28, 2026 | Paul Cahill SciarraDirector | Sold plan | 416,666 | $12.02 | $5.0M | Form 4 |
| May 26, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 4,602 | $11.47 | $0.1M | Form 4 |
| May 22, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 3,486 | $10.74 | $0.0M | Form 4 |
| May 15, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold plan | 421,019 | $10.38 | $4.4M | Form 4 |
| May 6, 2026 | Eric AllisonChief Product Officer | Sold plan | 74,844 | $10.00 | $0.7M | Form 4 |
| Apr 15, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold plan | 460,981 | $9.03 | $4.2M | Form 4 |
| Apr 14, 2026 | Kate DeHoffSee Remarks | Sold plan | 14,295 | $8.73 | $0.1M | Form 4 |
| Apr 13, 2026 | Eric AllisonChief Product Officer | Sold | 27,698 | $8.20 | $0.2M | Form 4 |
| Apr 13, 2026 | Kate DeHoffSee Remarks | Sold plan | 8,310 | $8.20 | $0.1M | Form 4 |
| Apr 9, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 271 | $8.47 | $0.0M | Form 4 |
| Apr 8, 2026 | Bonny W SimiPresident of Operations | Sold | 526 | $8.87 | $0.0M | Form 4 |
| Apr 8, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold | 826 | $8.87 | $0.0M | Form 4 |
| Apr 8, 2026 | Eric AllisonChief Product Officer | Sold | 826 | $8.87 | $0.0M | Form 4 |
| Apr 8, 2026 | Gregory BowlesChief Policy Officer | Sold | 357 | $8.87 | $0.0M | Form 4 |
| Apr 8, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold | 986 | $8.87 | $0.0M | Form 4 |
| Apr 8, 2026 | Kate DeHoffSee Remarks | Sold | 667 | $8.87 | $0.0M | Form 4 |
| Apr 8, 2026 | Rodrigo BrumanaChief Financial Officer | Sold | 566 | $8.87 | $0.0M | Form 4 |
| Apr 6, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 3,394 | $8.76 | $0.0M | Form 4 |
| Apr 6, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 4,720 | $8.76 | $0.0M | Form 4 |
| Apr 2, 2026 | Bonny W SimiPresident of Operations | Sold | 7,696 | $8.15 | $0.1M | Form 4 |
| Apr 2, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold | 12,965 | $8.15 | $0.1M | Form 4 |
| Apr 2, 2026 | Eric AllisonChief Product Officer | Sold | 9,350 | $8.15 | $0.1M | Form 4 |
| Apr 2, 2026 | Gregory BowlesChief Policy Officer | Sold | 5,167 | $8.15 | $0.0M | Form 4 |
| Apr 2, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold | 15,823 | $8.15 | $0.1M | Form 4 |
| Apr 2, 2026 | Kate DeHoffSee Remarks | Sold | 9,594 | $8.15 | $0.1M | Form 4 |
| Apr 2, 2026 | Rodrigo BrumanaChief Financial Officer | Sold | 1,839 | $8.15 | $0.0M | Form 4 |
| Mar 17, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 2,594 | $9.85 | $0.0M | Form 4 |
| Mar 16, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 4,231 | $9.94 | $0.0M | Form 4 |
| Mar 11, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 1,172 | $9.90 | $0.0M | Form 4 |
| Mar 11, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 1,075 | $9.90 | $0.0M | Form 4 |
| Mar 11, 2026 | Kate DeHoffSee Remarks | Sold plan | 1,433 | $9.90 | $0.0M | Form 4 |
| Mar 10, 2026 | Bonny W SimiPresident of Operations | Sold | 1,727 | $10.25 | $0.0M | Form 4 |
| Mar 10, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 1,915 | $10.25 | $0.0M | Form 4 |
| Mar 10, 2026 | Eric AllisonChief Product Officer | Sold | 2,351 | $10.25 | $0.0M | Form 4 |
| Mar 10, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 1,172 | $10.25 | $0.0M | Form 4 |
| Mar 10, 2026 | JoeBen BevirtCEO and Chief Architect, Director | Sold | 3,238 | $10.25 | $0.0M | Form 4 |
| Mar 10, 2026 | Kate DeHoffSee Remarks | Sold plan | 2,193 | $10.25 | $0.0M | Form 4 |
| Mar 10, 2026 | Rodrigo BrumanaChief Financial Officer | Sold | 1,159 | $10.25 | $0.0M | Form 4 |
| Feb 24, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 11,530 | $9.62 | $0.1M | Form 4 |
| Feb 23, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 3,551 | $9.57 | $0.0M | Form 4 |
| Feb 17, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 6,366 | $9.74 | $0.1M | Form 4 |
| Feb 17, 2026 | JoeBen BevirtCEO and Chief Architect, Director, 10% owner | Sold plan | 570,818 | $9.91 | $5.7M | Form 4 |
| Feb 13, 2026 | Bonny W SimiPresident of Operations | Sold | 8,652 | $9.88 | $0.1M | Form 4 |
| Feb 13, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 10,382 | $9.88 | $0.1M | Form 4 |
| Feb 13, 2026 | Eric AllisonChief Product Officer | Sold | 9,815 | $9.88 | $0.1M | Form 4 |
| Feb 13, 2026 | Gregory BowlesChief Policy Officer | Sold | 4,464 | $9.88 | $0.0M | Form 4 |
| Feb 13, 2026 | JoeBen BevirtCEO and Chief Architect, Director, 10% owner | Sold plan | 14,456 | $9.88 | $0.1M | Form 4 |
| Feb 13, 2026 | Kate DeHoffSee Remarks | Sold | 8,539 | $9.88 | $0.1M | Form 4 |
| Feb 11, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 816 | $10.14 | $0.0M | Form 4 |
| Feb 11, 2026 | Kate DeHoffSee Remarks | Sold plan | 16,235 | $9.91 | $0.2M | Form 4 |
| Feb 10, 2026 | Bonny W SimiPresident of Operations | Sold | 1,202 | $10.55 | $0.0M | Form 4 |
| Feb 10, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 1,333 | $10.55 | $0.0M | Form 4 |
| Feb 10, 2026 | Eric AllisonChief Product Officer | Sold | 1,526 | $10.55 | $0.0M | Form 4 |
| Feb 10, 2026 | Gregory BowlesChief Policy Officer | Sold | 816 | $10.55 | $0.0M | Form 4 |
| Feb 10, 2026 | JoeBen BevirtCEO and Chief Architect, Director, 10% owner | Sold plan | 1,590 | $10.55 | $0.0M | Form 4 |
| Feb 10, 2026 | Kate DeHoffSee Remarks | Sold plan | 1,076 | $10.55 | $0.0M | Form 4 |
| Feb 10, 2026 | Rodrigo BrumanaChief Financial Officer | Sold | 510 | $10.55 | $0.0M | Form 4 |
| Feb 9, 2026 | JoeBen BevirtCEO and Chief Architect, Director, 10% owner | Sold plan | 507,182 | $10.62 | $5.4M | Form 4 |
| Feb 2, 2026 | Kate DeHoffSee Remarks | Sold | 8,194 | $10.48 | $0.1M | Form 4 |
| Jan 14, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 804 | $14.53 | $0.0M | Form 4 |
| Jan 14, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 5,383 | $14.72 | $0.1M | Form 4 |
| Jan 14, 2026 | Kate DeHoffSee Remarks | Sold plan | 28,260 | $14.72 | $0.4M | Form 4 |
| Jan 13, 2026 | Bonny W SimiPresident of Operations | Sold | 1,232 | $14.84 | $0.0M | Form 4 |
| Jan 13, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 1,367 | $14.84 | $0.0M | Form 4 |
| Jan 13, 2026 | Eric AllisonChief Product Officer | Sold | 21,493 | $14.84 | $0.3M | Form 4 |
| Jan 13, 2026 | Gregory BowlesChief Policy Officer | Sold plan | 894 | $14.83 | $0.0M | Form 4 |
| Jan 13, 2026 | JoeBen BevirtCEO and Chief Architect, Director, 10% owner | Sold | 1,630 | $14.83 | $0.0M | Form 4 |
| Jan 13, 2026 | Kate DeHoffSee Remarks | Sold plan | 7,092 | $14.84 | $0.1M | Form 4 |
| Jan 13, 2026 | Rodrigo BrumanaChief Financial Officer | Sold | 523 | $14.83 | $0.0M | Form 4 |
| Jan 5, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 6,429 | $15.84 | $0.1M | Form 4 |
| Jan 2, 2026 | Bonny W SimiPresident of Operations | Sold plan | 110,173 | $13.85 | $1.5M | Form 4 |
| Jan 2, 2026 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 11,650 | $13.51 | $0.2M | Form 4 |
| Jan 2, 2026 | Eric AllisonChief Product Officer | Sold | 5,447 | $13.51 | $0.1M | Form 4 |
| Jan 2, 2026 | Gregory BowlesChief Policy Officer | Sold | 4,194 | $13.51 | $0.1M | Form 4 |
| Jan 2, 2026 | JoeBen BevirtCEO and Chief Architect, Director, 10% owner | Sold | 23,552 | $13.51 | $0.3M | Form 4 |
| Jan 2, 2026 | Kate DeHoffSee Remarks | Sold | 10,484 | $13.51 | $0.1M | Form 4 |
| Dec 31, 2025 | Michael N. Thompson Jr.Director | Bought | 550 | $13.24 | $0.0M | Form 4 |
| Dec 30, 2025 | Eric AllisonChief Product Officer | Sold | 32,448 | $13.25 | $0.4M | Form 4 |
| Dec 16, 2025 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 1,979 | $14.08 | $0.0M | Form 4 |
| Dec 15, 2025 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 5,987 | $14.99 | $0.1M | Form 4 |
| Nov 25, 2025 | Gregory BowlesChief Policy Officer | Sold plan | 3,931 | $13.72 | $0.1M | Form 4 |
| Nov 24, 2025 | Gregory BowlesChief Policy Officer | Sold plan | 4,604 | $13.31 | $0.1M | Form 4 |
| Oct 14, 2025 | Kate DeHoffSee Remarks | Sold plan | 20,824 | $17.48 | $0.4M | Form 4 |
| Oct 13, 2025 | Eric AllisonChief Product Officer | Sold | 27,537 | $16.84 | $0.5M | Form 4 |
| Oct 13, 2025 | Kate DeHoffSee Remarks | Sold plan | 8,262 | $16.84 | $0.1M | Form 4 |
| Oct 3, 2025 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 5,102 | $18.08 | $0.1M | Form 4 |
| Oct 3, 2025 | Gregory BowlesChief Policy Officer | Sold plan | 4,776 | $18.09 | $0.1M | Form 4 |
| Oct 2, 2025 | Bonny W SimiPresident of Operations | Sold | 8,272 | $16.78 | $0.1M | Form 4 |
| Oct 2, 2025 | Didier PapadopoulosPresident of Aircraft OEM | Sold plan | 15,439 | $16.78 | $0.3M | Form 4 |
| Oct 2, 2025 | Eric AllisonChief Product Officer | Sold | 6,715 | $16.78 | $0.1M | Form 4 |
| Oct 2, 2025 | Gregory BowlesChief Policy Officer | Sold plan | 3,493 | $16.78 | $0.1M | Form 4 |
| Oct 2, 2025 | JoeBen BevirtCEO and Chief Architect, Director, 10% owner | Sold plan | 32,284 | $16.78 | $0.5M | Form 4 |
| Oct 2, 2025 | Kate DeHoffSee Remarks | Sold | 13,789 | $16.78 | $0.2M | Form 4 |
| Oct 1, 2025 | JoeBen BevirtCEO and Chief Architect, Director, 10% owner | Sold plan | 426,000 | $16.29 | $6.9M | Form 4 |
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Joby Aviation can carry it.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.3B | $1.1B | $1.0B | $933M | $1.4B |
| Interest coverage | −106.8x | −3,323.8x | — | — | — |
| Current ratio | 95.2x | 35.9x | 23.4x | 20.1x | 24.1x |
| Quick ratio | 95.2x | 35.9x | 23.4x | 20.1x | 24.1x |
| Total assets | $1.5B | $1.3B | $1.3B | $1.2B | $1.8B |
| Total liabilities | $172M | $128M | $235M | $291M | $385M |
| Shareholders' equity | $1.3B | $1.2B | $1.0B | $912M | $1.4B |
| Net debt (− = net cash) | — | — | — | — | — |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Return on capital, equity and assets (annual)
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✕ |
| Return on assets rose | ✕ | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — |
| Current ratio rose | ✕ | ✕ | ✓ |
| Share count didn't rise | ✕ | ✕ | ✕ |
| Gross margin rose | — | — | — |
| Revenue rose relative to assets | ✓ | ✕ | ✓ |
| F-score | — / 9 | — / 9 | — / 9 |
| Accruals ratio | −15.6% | −13.9% | −28.0% |
| Altman Z'' | 4.14 | −0.05 | 1.15 |
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
What does the share cost, and how does it compare?
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
KIRA summarises the numbers
At $4.69 a share, the company is worth $4.5B.
Value per share
—
Adds net cash of — and divides by 826.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
KIRA summarises the numbers
Joby Aviation grew sales faster than 4 of its 4 similar companies.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Joby Aviation JOBY | $4.5B | 39,183.1% | −1,346.9% | −1,055.3% | — | — | — | |
| Intuitive Machines LUNR | $1.7B | −7.9% | −41.5% | −26.6% | — | — | 3 | Compare → |
| Planet Labs PL | $4.9B | 25.9% | −30.9% | 18.7% | −70.1% | — | 3 | Compare → |
| Kratos Defense & Security Solutions KTOS | $7.7B | 18.5% | 1.9% | −10.2% | 1.2% | — | 4 | Compare → |
| Hexcel HXL | $6.1B | −0.5% | 9.1% | 8.3% | 6.5% | 35.9x | 6 | Compare → |
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
Every number, year by year.
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | — | $0.0M | $0.0M | $1.0M | $0.1M | $53.4M |
| Research and development | $109M | $198M | $296M | $367M | $477M | $581M |
| Operating income | −$132M | −$259M | −$392M | −$472M | −$597M | −$720M |
| Interest expense | $0.2M | $2.4M | $0.1M | — | — | — |
| Pretax income | −$114M | −$191M | −$258M | −$513M | −$608M | −$929M |
| Income tax | $0.0M | −$10.5M | $0.1M | $0.1M | $0.1M | $1.3M |
| Net income | −$114M | −$180M | −$258M | −$513M | −$608M | −$930M |
| Diluted EPS | −$1.10 | −$0.61 | −$0.44 | −$0.79 | −$0.87 | −$1.13 |
| Diluted shares | 0.10B | 0.29B | 0.59B | 0.65B | 0.70B | 0.83B |
| Cash flow | ||||||
| Cash from operations | −$106M | −$196M | −$236M | −$314M | −$436M | −$510M |
| Capital expenditure | $23.7M | $32.3M | $54.9M | $30.6M | $40.6M | $53.9M |
| Free cash flow | −$130M | −$228M | −$291M | −$344M | −$477M | −$564M |
| Depreciation and amortization | $7.4M | $15.9M | $24.0M | $30.5M | $35.6M | $40.2M |
| Stock-based compensation | $7.2M | $26.9M | $69.1M | $93.6M | $104M | $128M |
| Acquisitions | $0.0M | $6.9M | $5.7M | $0.0M | $0.0M | $3.5M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Balance sheet | ||||||
| Cash and short-term investments | $446M | $1.3B | $1.1B | $1.0B | $933M | $1.4B |
| Finance lease liabilities | $0.0M | $0.0M | $1.3M | $6.0M | $6.4M | $9.7M |
| Current assets | $451M | $1.3B | $1.1B | $1.1B | $970M | $1.4B |
| Current liabilities | $8.0M | $13.8M | $30.2M | $45.1M | $48.1M | $60.0M |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | $34.1M | $53.2M | $92.1M | $103M | $121M | $147M |
| Total assets | $497M | $1.5B | $1.3B | $1.3B | $1.2B | $1.8B |
| Total liabilities | $12.1M | $172M | $128M | $235M | $291M | $385M |
| Shareholders' equity | −$283M | $1.3B | $1.2B | $1.0B | $912M | $1.4B |
| Margins | ||||||
| Operating margin | — | — | — | −45,745.5% | −438,789.7% | −1,346.9% |
| EBITDA margin | — | — | — | −42,790.8% | −412,633.8% | −1,271.8% |
| Net margin | — | — | — | −49,714.2% | −447,083.8% | −1,740.5% |
| FCF margin | — | — | — | −33,374.8% | −350,650.0% | −1,055.3% |
| Returns | ||||||
| Return on capital employed | — | −26.4% | −28.7% | −38.0% | −50.2% | −49.8% |
| Return on equity | — | −34.9% | −20.8% | −46.7% | −62.5% | −80.1% |
| Return on assets | — | −18.2% | −18.6% | −40.0% | −49.2% | −62.0% |
| Growth | ||||||
| Revenue growth | — | — | — | — | −86.8% | 39,183.1% |
| Share count change | — | 183.7% | 98.6% | 10.7% | 8.0% | 18.1% |
| Financial health | ||||||
| Interest coverage | −531.1x | −106.8x | −3,323.8x | — | — | — |
| Current ratio | 56.4x | 95.2x | 35.9x | 23.4x | 20.1x | 24.1x |
| Quick ratio | 56.4x | 95.2x | 35.9x | 23.4x | 20.1x | 24.1x |
| Capital allocation | ||||||
| Capex / revenue | — | — | — | 2,964.8% | 29,865.4% | 100.9% |
| Stock comp / revenue | — | — | — | 9,073.3% | 76,798.5% | 239.4% |
| Quality scores | ||||||
| Altman Z'' | −22.4 | 11.6 | 11.0 | 4.1 | −0.1 | 1.2 |
| Accruals ratio | — | 1.6% | −1.6% | −15.6% | −13.9% | −28.0% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Source: SEC EDGAR XBRL filings (CIK 0001819848). Data updated October 12, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.
