Joby Aviation, Inc.

Description

Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service in the United States and Dubai. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides. Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.

About

CEO
Mr. JoeBen Bevirt
Employees
1,777
Instrument type
Common Stock
Sector
Industrials
Industry
Airports & Air Services
MIC code
XNYS
Address
333 Encinal Street, Santa Cruz, CA 95060, United States
Phone
831 201 6700
Website
Chart Image
× Enlarged Chart
Oscillators
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Summary
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Moving Averages
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 4, 2025
Aug 5, 2025
May 5, 2025
Feb 19, 2025 -0.19
Nov 7, 2024 -0.19 -0.21 -0.02 10.53%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 0 3
Average estimate 0.00 -0.70
Low estimate 0.00 -0.84
High estimate 0.00 -0.52
Last year EPS -0.66
[stock_revenue_estimate]

Growth estimates

Current qtr
-11.210%
Next qtr. (Mar 2025)
Current year
-0.640%
Next year (Dec 2025)
-5.460%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 14, 2025
Needham
Chris Pierce
Maintains Buy ▲ Raises $8 → $10
Jan 10, 2025
JP Morgan
Bill Peterson
Downgrade Underweight ▲ Raises $5 → $6
Jan 8, 2025
Canaccord Genuity
Austin Moeller
Maintains Buy ▲ Raises $9.75 → $11.5
Dec 18, 2024
HC Wainwright & Co.
Reiterates Buy
Nov 19, 2024
Needham
Chris Pierce
Initiates Buy Announces $8
Oct 29, 2024
JP Morgan
Bill Peterson
Maintains Neutral ▼ Lowers $6 → $5
Oct 29, 2024
Canaccord Genuity
Austin Moeller
Maintains Buy ▼ Lowers $10.5 → $9.75
Oct 4, 2024
Canaccord Genuity
Austin Moeller
Maintains Buy Maintains $10.5
Oct 2, 2024
HC Wainwright & Co.
Amit Dayal
Reiterates Buy Maintains $9
Sep 30, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Sep 23, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Sep 9, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Sep 3, 2024
HC Wainwright & Co.
Amit Dayal
Initiates Buy Announces $9
Sep 3, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Aug 19, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Aug 8, 2024
Canaccord Genuity
Austin Moeller
Maintains Buy ▼ Lowers $11 → $10.5
Aug 8, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Jul 24, 2024
JP Morgan
Bill Peterson
Maintains Neutral ▲ Raises $5 → $6
Jul 22, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Jul 15, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Jul 1, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Jun 17, 2024
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
May 3, 2024
JP Morgan
Bill Peterson
Upgrade Neutral Maintains $5
Nov 14, 2023
Cantor Fitzgerald
Andres Sheppard
Reiterates Overweight Maintains $10
Jul 19, 2023
JP Morgan
Bill Peterson
Downgrade Underweight ▲ Raises $5 → $6
Jul 5, 2023
Deutsche Bank
Edison Yu
Maintains Sell ▲ Raises $4 → $6
Jun 30, 2023
Canaccord Genuity
Austin Moeller
Maintains Buy ▲ Raises $8 → $11
Jun 28, 2023
Canaccord Genuity
Austin Moeller
Reiterates Buy Maintains $8
Jun 23, 2023
Cantor Fitzgerald
Reiterates Overweight
Jun 9, 2023
Canaccord Genuity
Initiates Buy

Income statement

2023 2022 2021 2020
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total reported revenue 1.03M
Cost of revenue 200,000
Gross profit 832,000
Operating expense
Research & development 367.05M 296.28M 197.57M 108.74M
Selling general and admin 105.88M 95.92M 61.52M 23.50M
Other operating expenses
Operating income -472.09M -392.20M -259.09M -132.24M
Non operating interest income
Income 45.56M 16.79M 1.15M 5.65M
Expense 118,000 1.28M 249,000
Other income expense -86.38M 117.47M 69.51M 12.70M
Pretax income -512.91M -257.95M -190.86M -114.13M
Tax provision 139,000 92,000 -10.54M 31,000
Net income -513.05M -258.04M -180.32M -114.16M
Basic EPS -0.79 -0.44 -0.61 -0.19
Diluted EPS -0.79 -0.44 -0.61 -0.19
Basic average shares 647.91M 585.54M 294.85M 603.89M
Diluted average shares 647.91M 585.54M 294.85M 603.89M
EBITDA -355.22M -466.21M -213.74M -113.38M
Net income from continuing op. -513.05M -258.04M -180.32M -114.16M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021 2020
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 1.27B 1.29B 1.49B 497.25M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 204.02M 146.10M 955.56M 77.34M
Other short term investments 828.23M 910.69M 343.25M 368.59M
Accounts receivable
Other receivables 4.66M 4.02M 2.32M 2.23M
Inventory
Prepaid assets 15.08M 19.02M 16.78M 2.83M
Restricted cash 3.20M
Assets held for sale
Hedging assets
Other current assets 3.77M 1.14M 636,000 205,000
Non current assets
Properties 129.23M 99.10M 53.55M 32.50M
Land and improvements 6.27M 6.27M
Machinery furniture equipment 15.75M 11.60M 8.73M 6.09M
Construction in progress 6.06M 6.09M 6.39M 3.74M
Leases 18.77M 14.32M 9.36M 5.72M
Accumulated depreciation -67.37M -43.10M -26.08M -14.14M
Goodwill 34.61M 40.60M 36.03M
Investment properties
Financial assets
Intangible assets 6.59M 12.58M 14.51M
Investments and advances 20.31M 10.99M
Other non current assets 60.96M 61.19M 60.57M 955,000
Total liabilities 235.07M 128.24M 171.60M 780.42M
Current liabilities
Accounts payable 3.01M 7.71M 3.64M 4.93M
Accrued expenses 31.65M 18.78M 10.21M 1.75M
Short term debt 4.31M 3.71M 1.04M 1.04M
Deferred revenue 6.17M 384,000 295,000
Tax payable
Pensions
Other current liabilities
Non current liabilities
Long term debt 26.35M 23.61M 1.35M 1.61M
Provision for risks and charges
Deferred liabilities
Derivative product liabilities 62.94M 28.78M 44.90M
Other non current liabilities 100.65M 45.64M 112.85M 1.18M
Shareholders equity
Common stock 70,000 61,000 60,000
Retained earnings -1.25B -734.65M -476.61M -296.29M
Other shareholders equity -480,000 -8.85M -122,000 527,000
Total shareholders equity 1.03B 1.16B 1.32B -283.17M
Additional paid in capital 2.28B 1.91B 1.79B 12.59M
Treasury stock
Minority interest

Cash flow statement

2023202220212020
Operating Activities
Net Income-513.05M-258.04M-180.32M-114.16M
Depreciation30.49M24.00M15.94M7.40M
Deferred Taxes-10.54M
Stock-Based Compensation93.64M69.07M26.93M7.19M
Other Non-Cash Items22.06M
Accounts Receivable-573,000-1.82M-11.81M-3.10M
Accounts Payable6.44M10.88M6.44M8.38M
Other Assets & Liabilities3.05M42.69M10.48M-82,000
Operating Cash Flow-380.01M-113.22M-120.83M-94.38M
Investing Activities
Capital Expenditures-30.60M-54.89M-32.34M-23.71M
Net Intangibles
Net Acquisitions-5.71M-6.85M
Purchase of Investments-809.98M-1.36B-401.63M-620.78M
Sale of Investments920.88M788.76M422.08M251.34M
Investing Cash Flow80.30M-630.79M-18.74M-393.16M
Financing Activities
Long-Term Debt Issuance74.97M69.86M
Long-Term Debt Payments-844,000-1.04M-1.18M-1.01M
Other Financing Charges1.02B
Financing Cash Flow279.27M59.02M1.09B68.85M
Other Cash Details
End Cash Position204.78M150.07M956.33M78.03M
Income Tax Paid
Interest Paid
Free Cash Flow-344.43M-290.82M-228.09M-129.61M
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