(JOBY) Joby Aviation - Overview

Sector: Industrials | Industry: Airports & Air Services | Exchange: NYSE (USA) | Market Cap: 7.933m USD | Total Return: 40.7% in 12m

Stock Aircraft, Ridesharing, Software
Total Rating 23
Risk 25
Buy Signal -0.71
Airports & Air Services -7.3
Passenger Airlines -11.2
Market Cap: 7,933m
Avg Trading Vol: 192M USD
ATR: 7.25%
Peers RS (IBD): 7.9
Risk 5d forecast
Volatility59.0%
Rel. Tail Risk-12.8%
Reward TTM
Sharpe Ratio0.73
Alpha2.39
Character TTM
Beta2.020
Beta Downside2.714
Drawdowns 3y
Max DD61.06%
CAGR/Max DD0.41
EPS (Earnings per Share) EPS (Earnings per Share) of JOBY over the last years for every Quarter: "2021-03": 0.47, "2021-06": -0.11, "2021-09": -0.2, "2021-12": 0.01, "2022-03": -0.14, "2022-06": -0.16, "2022-09": -0.14, "2022-12": -0.11, "2023-03": -0.19, "2023-06": -0.45, "2023-09": 0.0022, "2023-12": -0.17, "2024-03": -0.14, "2024-06": -0.18, "2024-09": -0.21, "2024-12": -0.34, "2025-03": -0.2001, "2025-06": -0.41, "2025-09": -0.48, "2025-12": -0.217, "2026-03": 0,
EPS CAGR: 10.87%
EPS Trend: -23.3%
Last SUE: 1.68
Qual. Beats: 1
Revenue Revenue of JOBY over the last years for every Quarter: 2021-03: 0, 2021-06: 0, 2021-09: 0, 2021-12: 0, 2022-03: 0, 2022-06: 0, 2022-09: 0, 2022-12: 0, 2023-03: 0, 2023-06: 0, 2023-09: 0, 2023-12: 1.032, 2024-03: 0.025, 2024-06: 0.028, 2024-09: 0.028, 2024-12: 0.055, 2025-03: 0, 2025-06: 0.015, 2025-09: 22.574, 2025-12: 30.836, 2026-03: null,
Rev. CAGR: 1599.82%
Rev. Trend: 57.8%
Last SUE: 2.08
Qual. Beats: 2
Risks
Technicals: volatile
Description: JOBY Joby Aviation

Joby Aviation (JOBY) is an American company developing electric vertical takeoff and landing (eVTOL) aircraft. The company plans to operate these aircraft as an air transportation service, focusing on aerial ridesharing. This business model is part of the emerging urban air mobility sector.

Joby Aviation is vertically integrated, meaning it designs, manufactures, and intends to operate its aircraft. The company was founded in 2009 and is based in Santa Cruz, California. Operations are planned for the United States and Dubai. Developing the necessary infrastructure for eVTOL operations, including charging and landing sites, is a significant challenge for companies in this sector. Further research on ValueRay can provide deeper insights into Jobys operational plans and market position.

Headlines to Watch Out For
  • FAA certification timeline dictates commercial service launch
  • Dubai and US market expansion drives revenue projections
  • Battery technology advancements reduce operational costs
  • Manufacturing scalability impacts production volume and profitability
  • Air traffic control integration poses significant regulatory hurdle
Piotroski VR‑10 (Strict) 0.0
Net Income: -929.8m TTM > 0 and > 6% of Revenue
FCF/TA: -0.31 > 0.02 and ΔFCF/TA 8.16 > 1.0
NWC/Revenue: 2.59k% < 20% (prev 678k%; Δ -675k% < -1%)
CFO/TA -0.28 > 3% & CFO -510.8m > Net Income -929.8m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 24.09 > 1.5 & < 3
Outstanding Shares: last quarter (894.6m) vs 12m ago 22.09% < -2%
Gross Margin: 6.14% > 18% (prev 0.51%; Δ 563.4% > 0.5%)
Asset Turnover: 3.56% > 50% (prev 0.01%; Δ 3.55% > 0%)
Interest Coverage Ratio: -12.48 > 6 (EBITDA TTM -969.3m / Interest Expense TTM -80.9m)
Altman Z'' -12.10
A: 0.77 (Total Current Assets 1.45b - Total Current Liabilities 60.0m) / Total Assets 1.80b
B: -1.55 (Retained Earnings -2.79b / Total Assets 1.80b)
C: -0.67 (EBIT TTM -1.01b / Avg Total Assets 1.50b)
D: -7.22 (Book Value of Equity -2.78b / Total Liabilities 385.4m)
Altman-Z'' Score: -12.10 = D
Beneish M 1.00
DSRI: 0.00 (Receivables 7.14m/16.0m, Revenue 53.4m/136k)
GMI: 8.26 (GM 6.14% / 50.74%)
AQI: 1.36 (AQ_t 0.10 / AQ_t-1 0.07)
SGI: 392.8 (Revenue 53.4m / 136k)
TATA: -0.23 (NI -929.8m - CFO -510.8m) / TA 1.80b)
Beneish M-Score: 283.6 (Cap -4..+1) = D
What is the price of JOBY shares? As of April 03, 2026, the stock is trading at USD 8.26 with a total of 31,832,338 shares traded.
Over the past week, the price has changed by +0.35%, over one month by -17.23%, over three months by -40.81% and over the past year by +40.73%.
Is JOBY a buy, sell or hold? Joby Aviation has received a consensus analysts rating of 3.33. Therefor, it is recommend to hold JOBY.
  • StrongBuy: 2
  • Buy: 2
  • Hold: 3
  • Sell: 1
  • StrongSell: 1
What are the forecasts/targets for the JOBY price?
Wallstreet Target Price 11.9 44.1%
Analysts Target Price 11.9 44.1%
JOBY Fundamental Data Overview as of 03 April 2026
P/S = 148.4812
P/B = 6.4121
Revenue TTM = 53.4m USD
EBIT TTM = -1.01b USD
EBITDA TTM = -969.3m USD
Long Term Debt = 36.8m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 8.40m USD (from shortTermDebt, last quarter)
Debt = 60.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -180.3m USD (from netDebt column, last quarter)
Enterprise Value = 6.59b USD (7.93b + Debt 60.7m - CCE 1.41b)
Interest Coverage Ratio = -12.48 (Ebit TTM -1.01b / Interest Expense TTM -80.9m)
EV/FCF = -11.66x (Enterprise Value 6.59b / FCF TTM -564.8m)
FCF Yield = -8.58% (FCF TTM -564.8m / Enterprise Value 6.59b)
 FCF Margin = -1.06k% (FCF TTM -564.8m / Revenue TTM 53.4m)
 Net Margin = -1.74k% (Net Income TTM -929.8m / Revenue TTM 53.4m)
 Gross Margin = 6.14% ((Revenue TTM 53.4m - Cost of Revenue TTM 50.1m) / Revenue TTM)
Gross Margin QoQ = 1.67% (prev 55.44%)
Tobins Q-Ratio = 3.67 (Enterprise Value 6.59b / Total Assets 1.80b)
Interest Expense / Debt = 22.46% (Interest Expense 13.6m / Debt 60.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -797.5m (EBIT -1.01b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 24.09 (Total Current Assets 1.45b / Total Current Liabilities 60.0m)
Debt / Equity = 0.04 (Debt 60.7m / totalStockholderEquity, last quarter 1.41b)
 Debt / EBITDA = 0.19 (negative EBITDA) (Net Debt -180.3m / EBITDA -969.3m)
 Debt / FCF = 0.32 (negative FCF - burning cash) (Net Debt -180.3m / FCF TTM -564.8m)
 Total Stockholder Equity = 1.02b (last 4 quarters mean from totalStockholderEquity)
RoA = -62.02% (Net Income -929.8m / Total Assets 1.80b)
RoE = -91.52% (Net Income TTM -929.8m / Total Stockholder Equity 1.02b)
RoCE = -95.88% (EBIT -1.01b / Capital Employed (Equity 1.02b + L.T.Debt 36.8m))
 RoIC = -78.49% (negative operating profit) (NOPAT -797.5m / Invested Capital 1.02b)
 WACC = 13.13% (E(7.93b)/V(7.99b) * Re(13.09%) + D(60.7m)/V(7.99b) * Rd(22.46%) * (1-Tc(0.21)))
Discount Rate = 13.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 12.90%
 [DCF] Fair Price = unknown (Cash Flow -564.8m)
 EPS Correlation: -23.28 | EPS CAGR: 10.87% | SUE: 1.68 | # QB: 1
Revenue Correlation: 57.76 | Revenue CAGR: 1.60k% | SUE: 2.08 | # QB: 2
EPS next Quarter (2026-06-30): EPS=-0.22 | Chg7d=-0.221 | Chg30d=-0.221 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=-0.68 | Chg7d=+0.066 | Chg30d=+0.022 | Revisions Net=-2 | Growth EPS=+17.0% | Growth Revenue=+109.7%
EPS next Year (2027-12-31): EPS=-0.59 | Chg7d=+0.020 | Chg30d=-0.010 | Revisions Net=-2 | Growth EPS=+13.6% | Growth Revenue=+87.3%
[Analyst] Revisions Ratio: -1.00 (0 Up / 2 Down within 30d for Current Year)
External Resources
Dataroma Stockcircle