Loading…
Developing an electric vertical-takeoff air-taxi (eVTOL) aircraft, pursuing FAA certification for passenger service.
Developing an electric vertical-takeoff air-taxi (eVTOL) aircraft, pursuing FAA certification for passenger service.
Has no regular passenger revenue yet, so spending is funded by investors' capital, with Toyota a major backer and manufacturing partner, while government contracts such as the US Air Force provide some income. The plan is to operate its own air-taxi service, charging per seat, and sell aircraft to others later.
Moat: narrow (IP / patents, regulatory licence). Years of flight-test data toward FAA type certification are a hard-to-replicate head start, though unproven commercially.
Headquarters: Santa Cruz, California, US · Founded: 2009 · Employees: 2,559
Size Joby Aviation (JOBY) is a United States Industrials company (Aerospace & Defense) with a market value of $5.89B, the 1074th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.93 on 6 Nov 2026.
Performance Over six months the shares fell 45.5%, against -15.6% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 118,568.4% over the last twelve months (peer median +25.7%); the operating margin is -754.0% (peer median 6.7%).
Valuation It trades at 3.31× book value against a peer median of 4.33× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 56.2%; Joby Aviation delivers -65.9%, so the price asks more than the business earns today.
Credit Joby Aviation has 1 bond outstanding ($690M).
Short interest Short interest is 14.4% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $116M | $53.4M | $136,000 | $1.03M | $0 |
| Revenue growth | — | +39,183% | -87% | — | — |
| Gross profit | -$4.25M | -$16.1M | -$35.5M | -$29.7M | -$24.0M |
| EBITDA | -$833M | -$673M | -$561M | -$442M | -$368M |
| Net income | -$878M | -$930M | -$608M | -$513M | -$258M |
| Free cash flow | -$743M | -$564M | -$477M | -$344M | -$291M |
| Capital expenditure | $133M | $53.9M | $40.6M | $30.6M | $54.9M |
| Total debt | $748M | $44.3M | $31.2M | $30.7M | $27.3M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Joby Aviation JOBY | $5.89B | -45% | +118,568% | -66% | 3.31× | 56.2% |
| Archer Aviation ACHR | $3.42B | -31% | n/a | -45% | 1.81× | 33.5% |
| BETA Technologies BETA | $6.37B | +45% | +136% | -47% | 4.20× | 50.0% |
| EHang Holdings Ltd. Sponsored ADR EH | $309M | -61% | -3% | -28% | 2.25× | 20.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JOBY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | -5.0% | 9th highest of 21 |
| 6-month return | -45.5% | -15.6% | 4th lowest of 21 |
| Return on equity | -65.9% | 6.1% | lowest of 21 |
| Price / book | 3.31× | 4.33× | 10th cheapest of 21 |
| ROE the price implies | 56.2% | 23.4% | 5th most demanding of 21 |
| ROE delivered | -65.9% | 5.0% | lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Joby Aviation JOBY | United States | $5.89B | -45% | +118,568% | -66% | 3.31× | 56.2% | -65.9% |
| Karman KRMN | United States | $6.04B | -25% | +50% | 10% | 14.36× | 61.7% | 9.5% |
| AeroVironment AVAV | United States | $5.73B | -33% | +84% | -5% | 1.30× | 14.7% | -4.6% |
| Hexcel HXL | United States | $6.09B | -16% | +8% | 12% | 4.60× | 38.5% | 11.9% |
| BETA Technologies BETA | United States | $6.37B | +45% | +136% | -47% | 4.20× | 50.0% | -46.8% |
| Glarun Technology 600562.SS | China | $5.43B | +6% | -8% | 8% | 5.36× | 37.9% | 8.3% |
| China Aerospace Times Electronics 600879.SS | China | $6.43B | -46% | -13% | 0% | 2.08× | 20.5% | 0.4% |
| Kratos Defense & Security Solutions KTOS | United States | $6.59B | -39% | +26% | 1% | 1.92× | 17.9% | 1.1% |
| LIG Defense&Aerospace 079550.KS | South Korea | $5.24B | -65% | +26% | 19% | 4.46× | 24.0% | 19.5% |
| Amentum AMTM | United States | $5.20B | -13% | +11% | 4% | 1.11× | 6.7% | 4.5% |
| Hanwha Systems 272210.KS | South Korea | $6.93B | -57% | +30% | 6% | 1.94× | 13.7% | n/a |
| Loar LOAR | United States | $7.05B | +26% | +30% | 6% | 5.88× | 32.6% | 5.8% |
| Nanchang Sanrui Intelligence Technology 301696.SZ | China | $4.87B | -14% | +29% | 44% | 14.94× | 122.3% | n/a |
| Korea Aerospace 047810.KS | South Korea | $7.37B | -39% | +44% | 11% | 5.46× | 21.8% | n/a |
| Mercury Systems MRCY | United States | $4.48B | -19% | +8% | -2% | 2.93× | 22.8% | -2.0% |
| Melrose Industries MRO.L | United Kingdom | $7.80B | -4% | +9% | 6% | 2.05× | 20.3% | 5.6% |
| Aar AIR | United States | $4.39B | -7% | +22% | 13% | 2.52× | 22.0% | 12.9% |
| AVIC Airborne Systems 600372.SS | China | $8.36B | -11% | -2% | 3% | 1.44× | 9.6% | 2.6% |
| Bharat Dynamics BDL.NS | India | $4.12B | -28% | -19% | 10% | 9.16× | 163.4% | n/a |
| Raytron Technology 688002.SS | China | $8.64B | -15% | +84% | 36% | 6.46× | 85.3% | 36.3% |
| Avic (Chengdu) UAS 688297.SS | China | $3.93B | -15% | +74% | 2% | 4.69× | 26.1% | 2.1% |
Joby Aviation has 1 bond outstanding with $690M face value.