Joby Aviation, Inc. · Aircraft

JOBY

High riskNext report: Around Nov 4 (est.)

View price ↗

The short version

A company still losing money, with high risk. Institutions are adding.

Going well

No debt reported

Watch out for

About 15 months of cash left at its current burn
Share count growing 12.5% a year (dilution)
Losing money, losses are large next to sales

Money moves

Insiders sold $944K in the last 30 days
Institutions added 9.3% to their holdings in the quarter ending June 2026 (306 bought, 189 sold)
Held by Cathie Wood (ARK Invest)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$4.70-1.5% that day

Company value: $4.6B; Share price times all shares
Price vs sales: 40.0x; No profit over the last year, so this compares value with sales instead
Cash vs value: 14%; Cash as a share of company value

From JOBY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$38.6M

Sep '23Tap a barJun '26

Last 12 months: $116.3M.

What the price assumes

Your guesses, our math

Move the sliders to your own view of JOBY. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).

Sales growth+5% a yearRecent growth not reportedProfit margin10%Not reportedP/E at the end15xMany steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$148M

Profit in 5 years$15M

Price these guesses point to$0.14-97% vs $4.70 todayAbout -50% a year, before dividends

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-80.1%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.0 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$563.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+42.4% in 3 years

Revenue: $53.4M
Total debt: None; 0.00x equity
Current ratio: 24.09x; short-term assets / bills due
Free cash flow: -$563.8M; -1055.3% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 5

Revenue: $38.6M
EPS: -$0.25; vs -$0.41
Op. margin: -675.2%; +1118418.1 pts
Free cash flow: -$201.8M
Share count: +21.7%; vs a year ago

Insider rating

Last 90 days

24Selling

7 insiders sold $533K (not pre-planned)
Pre-planned sales of $411K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 4.5
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+9.3%

Institutions added 9.3% to their holdings. 306 bought, 189 sold. 2 quarters of net buying in a row.

Shares held by institutions594.0M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+12.5%

Cash runwayAt last year's cash burn

15 months

Debt to equityLatest balance sheet: debt compared with what owners have

0.4x · $701.9M debt

Shares outstandingLatest reported

989M

Why high risk

Losing money, losses are large next to sales
About 15 months of cash left at its current burn
Share count growing 12.5% a year (dilution)
2 offering filings in 6 months (may sell new shares)
Auditor change

Earnings reports

Last 12

Next reportAround Nov 4 (est.)Estimated from the same quarter last year

Results filedAug 5
Results filedMay 5
Results filedFeb 25
Results filedFeb 2
Results filedNov 5, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusAug 11 · View filing ↗Offering Major agreementAug 11 · View filing ↗Offering Auditor changeMar 6 · View filing ↗Watch

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$944K8 insiders, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Kate DehoffSee Remarks	Sell	8K	$5.09	$42K	197K	Oct 13Filing ↗
-4% of their holdings Not a pre-planned sale Filed 1 day after
Eric AllisonChief Product Officer	Sell	28K	$5.09	$140K	745K	Oct 13Filing ↗
-3.6% of their holdings Not a pre-planned sale Filed 1 day after
Gregory BowlesChief Policy Officer	Sell	5K	$5.78	$31K	194K	Oct 5Filing ↗
-2.7% of their holdings Pre-planned sale (10b5-1) Filed 1 day after
Paul Cahill SciarraDirector	Sell	63K	$6.09	$381K	56M	Oct 2Filing ↗
-0.1% of their holdings Held via Sciarra Management Trust Pre-planned sale (10b5-1) Filed same day
Joeben BevirtCEO and Chief Architect	Sell	16K	$5.95	$94K	255K	Oct 2Filing ↗
-5.8% of their holdings Not a pre-planned sale Also Director Filed 3 days after
Eric AllisonChief Product Officer	Sell	9K	$5.95	$56K	719K	Oct 2Filing ↗
-1.3% of their holdings Not a pre-planned sale Filed 3 days after
Sergey NovikovSee Remarks	Sell	3K	$5.95	$18K	49K	Oct 2Filing ↗
-5.7% of their holdings Not a pre-planned sale Filed 3 days after
Rodrigo BrumanaChief Financial Officer	Sell	3K	$5.95	$15K	113K	Oct 2Filing ↗
-2.2% of their holdings Not a pre-planned sale Filed 3 days after
Gregory BowlesChief Policy Officer	Sell	8K	$5.95	$46K	199K	Oct 2Filing ↗
-3.7% of their holdings Not a pre-planned sale Filed 3 days after
Bonny W SimiPresident of Operations	Sell	11K	$5.95	$65K	242K	Oct 2Filing ↗
-4.3% of their holdings Not a pre-planned sale Filed 3 days after
Kate DehoffSee Remarks	Sell	10K	$5.95	$57K	189K	Oct 2Filing ↗
-4.8% of their holdings Not a pre-planned sale Filed 3 days after