Financial health
- The company holds more cash ($241M) than total debt ($0).
- The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
JOBY Financials Joby Aviation, Inc.
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $53M | -$930M | 0.0% | -1346.9% | -66.0% | -51.8% | -$564M | $0 | $241M |
| 2024 | $136000 | -$608M | 0.0% | -438789.7% | -66.6% | -50.5% | -$477M | — | $200M |
| 2023 | $1M | -$513M | 0.0% | -45745.5% | -49.6% | -40.4% | -$344M | — | $204M |
| 2022 | $0 | -$258M | — | — | -22.2% | -20.0% | -$291M | — | $146M |
| 2021 | $0 | -$180M | — | — | -13.7% | -12.1% | -$228M | — | $956M |
| 2020 | — | -$114M | — | — | 40.3% | -23.0% | -$130M | — | $77M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $39M | -$245M | 0.0% | -675.2% | -13.9% | -8.9% | -$202M | $702M | $630M |
| Mar '26 | $24M | -$110M | 0.0% | -963.4% | -5.6% | -3.8% | -$222M | $701M | $875M |
| Dec '25 | $31M | -$122M | 0.0% | -670.6% | -8.6% | -6.8% | -$167M | $0 | $241M |
| Sep '25 | $23M | -$401M | 0.0% | -804.8% | -44.8% | -29.4% | -$152M | — | $208M |
| Jun '25 | $15000 | -$325M | 0.0% | -1119093.3% | -36.1% | -25.8% | -$119M | — | $336M |
| Mar '25 | $0 | -$82M | — | — | -9.6% | -7.6% | -$126M | — | $122M |
| Dec '24 | $55000 | -$246M | 0.0% | -272500.0% | -27.0% | -20.5% | -$136M | — | $200M |
| Sep '24 | $28000 | -$144M | 0.0% | -559625.0% | -18.4% | -14.9% | -$120M | — | $152M |
| Jun '24 | $28000 | -$123M | 0.0% | -515310.7% | -13.8% | -11.4% | -$107M | — | $175M |
| Mar '24 | $25000 | -$95M | 0.0% | -583588.0% | -9.7% | -8.1% | -$114M | — | $111M |
| Dec '23 | $1M | -$115M | 0.0% | -12426.6% | -11.1% | -9.1% | -$91M | — | $204M |
| Sep '23 | $0 | $2M | — | — | 0.1% | 0.1% | -$89M | — | $480M |
| Jun '23 | $0 | -$286M | — | — | -26.4% | -20.1% | -$77M | — | $383M |
| Mar '23 | $0 | -$113M | — | — | -10.6% | -9.3% | -$87M | — | $50M |
| Dec '22 | — | -$67M | — | — | -5.7% | -5.2% | -$84M | — | $146M |
| Sep '22 | — | -$79M | — | — | -6.8% | -6.2% | -$74M | — | $194M |
| Jun '22 | — | -$50M | — | — | -4.0% | -3.7% | -$61M | — | $311M |
| Mar '22 | — | -$62M | — | — | -4.9% | -4.4% | -$72M | — | $417M |
| Dec '21 | — | $5M | — | — | 0.4% | 0.3% | -$60M | — | $956M |
| Sep '21 | — | -$79M | — | — | -6.0% | -5.1% | -$76M | — | $1.0B |
Valuation over time
How the market has priced JOBY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has fallen from 5319.4× (Jan '24) to 127.5× (Sep '26).
P/S
Frequently asked questions
Is JOBY growing its revenue and profit?
See the revenue and net-income charts above for Joby Aviation, Inc.'s multi-year trend.
How much debt does JOBY have?
As of FY2025, Joby Aviation, Inc. reported $0 of total debt against $241M of cash.
What is JOBY's profit margin?
In FY2025, gross margin was —, operating margin -1346.9%, and net margin -1740.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.