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
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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
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -513.05M | -258.04M | -180.32M | -114.16M |
| Depreciation | 30.49M | 24.00M | 15.94M | 7.40M |
| Deferred Taxes | — | — | -10.54M | — |
| Stock-Based Compensation | 93.64M | 69.07M | 26.93M | 7.19M |
| Other Non-Cash Items | — | — | 22.06M | — |
| Accounts Receivable | -573,000 | -1.82M | -11.81M | -3.10M |
| Accounts Payable | 6.44M | 10.88M | 6.44M | 8.38M |
| Other Assets & Liabilities | 3.05M | 42.69M | 10.48M | -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 Investments | 920.88M | 788.76M | 422.08M | 251.34M |
| Investing Cash Flow | 80.30M | -630.79M | -18.74M | -393.16M |
| Financing Activities | ||||
| Long-Term Debt Issuance | — | — | 74.97M | 69.86M |
| Long-Term Debt Payments | -844,000 | -1.04M | -1.18M | -1.01M |
| Other Financing Charges | — | — | 1.02B | — |
| Financing Cash Flow | 279.27M | 59.02M | 1.09B | 68.85M |
| Other Cash Details | ||||
| End Cash Position | 204.78M | 150.07M | 956.33M | 78.03M |
| Income Tax Paid | — | — | — | — |
| Interest Paid | — | — | — | — |
| Free Cash Flow | -344.43M | -290.82M | -228.09M | -129.61M |
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