Joby Aviation, Inc.

JOBY 10-K · FY 2025

JOBY FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 53,425 136 +39183.1%
Show Product Lines breakouts
Passenger 34,822
Product And Service Other 18,603 136 +13578.7%
Show Business Segments breakouts
Flight Services 53,425 136 +39183.1%
Show Geography breakouts
Europe 6,768
JP 8,134
Non Us 2,772
US 35,751 136 +26187.5%
Other Cost And Expense Operating 29,328 67 +43673.1%
Research & Development 581,101 477,156 +21.8%
Selling, General & Administrative 162,587 119,667 +35.9%
Operating Expenses 773,016 596,890 +29.5%
Operating Income -719,591 -596,754 -20.6%
Interest Income 43,164 42,822 +0.8%
Gain Loss On Common Stock Issued In Private Placement -40,258
Gain Loss From Change In The Fair Value Of Warrants Earnout Shares And Contingent Consideration -211,850 -53,973 -292.5%
Show Business Segments breakouts
Flight Services -211,850 -53,973 -292.5%
Non-Operating Income (Expense) -208,944 -11,151 -1773.8%
Income Before Taxes -928,535 -607,905 -52.7%
Income Tax Expense (Benefit) 1,307 129 +913.2%
Net Income -929,842 -608,034 -52.9%
Show Business Segments breakouts
Flight Services -929,842 -608,034 -52.9%
Show Equity Components breakouts
Retained Earnings -929,842 -608,034 -52.9%
EPS (Basic) -1.13 -0.87 -29.9%
EPS (Diluted) -1.13 -0.87 -29.9%
Wtd Avg Shares (Basic) 826,240,955 699,794,747 +18.1%
Wtd Avg Shares (Diluted) 826,240,955 699,794,747 +18.1%
Comprehensive Income -927,742 -608,137 -52.6%
Other Comprehensive Income 2,100 -103 +2138.8%
Depreciation And Amortization 33.5 29.7 +12.8%
Net Income Loss Available To Common Stockholders Basic -929,842 -608,034 -52.9%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 240,810 199,627 +20.6%
Short-Term Investments 1,167,106 733,224 +59.2%
Cash Cash Equivalents And Short Term Investments 1,407,916 932,851 +50.9%
Restricted Cash Current 220
Other Receivables Net Current 7,139 16,044 -55.5%
Prepaid Expenses & Other Current Assets 30,479 20,710 +47.2%
Total Current Assets 1,445,754 969,605 +49.1%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 146,571 120,954 +21.2%
Non-Current Assets
Operating Lease Right-of-Use Assets 31,837 28,689 +11.0%
Restricted Cash Noncurrent 693 762 -9.1%
Goodwill 89,422 14,322 +524.4%
Other Non-Current Assets 61,933 61,006 +1.5%
Total Assets 1,795,069 1,203,465 +49.2%
Intangible Assets 18,859 8,127 +132.1%
Other Assets
Intangible Assets Net Excluding Goodwill 18,859 8,127 +132.1%
Current Liabilities
Accounts Payable 3,604 4,261 -15.4%
Show Related Party Transaction breakouts
Office Space And Certain Utilities And Maintenance Services 0 0
Subassembly Components · Other Affiliates 0.1 0
Operating Lease Liability Current 8,404 5,031 +67.0%
Other Liabilities Current 48,018 38,842 +23.6%
Total Current Liabilities 60,026 48,134 +24.7%
Deferred Revenue (Current) 7,003 5,161 +35.7%
Non-Current Liabilities
Operating Lease Liabilities 26,167 26,178 -0.0%
Other Non-Current Liabilities 37,593 3,964 +848.4%
Total Liabilities 385,356 291,102 +32.4%
Other Liabilities
Warrants And Rights Outstanding 104,878 95,410 +9.9%
Derivative Liabilities 156,692 117,416 +33.5%
Stockholders' Equity
Common Stock 91 78 +16.7%
Additional Paid-In Capital 4,193,684 2,768,605 +51.5%
Retained Earnings -2,785,579 -1,855,737 -50.1%
Accumulated Other Comprehensive Income 1,517 -583 +360.2%
Total Stockholders' Equity 1,409,713 912,363 +54.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 1,517 -583 +360.2%
Additional Paid In Capital 4,193,684 2,768,605 +51.5%
Common Stock 91 78 +16.7%
Retained Earnings -2,785,579 -1,855,737 -50.1%
Total Liabilities & Equity 1,795,069 1,203,465 +49.2%
Common Stock Shares Authorized 2,800,000,000 1,400,000,000 +100.0%
Show Plan Name breakouts
Amended And Restated Certificate of Incorporation 2,800,000,000

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 40,158 35,572 +12.9%
Stock-Based Compensation 127,887 104,446 +22.4%
Accretion Amortization Of Discounts And Premiums Investments -7,832 -15,821 +50.5%
Increase Decrease In Other Current Assets 9,043 -11,803 +176.6%
Increase Decrease In Other Noncurrent Assets 1,442 -545 +364.6%
Increase Decrease In Accounts Payable And Accrued Liabilities -6,902 6,116 -212.9%
Change in Other Liabilities 4,045 -171 +2465.5%
Net Cash from Operations -509,893 -436,267 -16.9%
Investing Activities
Payments To Acquire Marketable Securities -1,170,369 -603,777 -93.8%
Proceeds From Sale Of Available For Sale Securities Debt 745,418 715,157 +4.2%
Capital Expenditures -53,918 -40,617 -32.7%
Payments To Acquire Businesses Net Of Cash Acquired 3,453
Net Cash from Investing -475,416 70,763 -771.8%
Noncash Exercise Of Private Warrants 85,159
Stock Issued1 74,496
Capital Lease Obligations Incurred 4,424 2,537 +74.4%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 4,215 5,115 -17.6%
Financing Activities
Proceeds From Issuance Of Common Stock (FY)
Show Subsidiary Sale Of Stock breakouts
At-The-Market Public Offering 158,868 133,019 +19.4%
Underwritten Public Offering 591,016 232,300 +154.4%
Payments Of Stock Issuance Costs (FY)
Show Subsidiary Sale Of Stock breakouts
At-The-Market Public Offering 5,301 4,183 +26.7%
Private Placement 95
Underwritten Public Offering 15,081 10,446 +44.4%
Proceeds From Issuance Of Private Placement 249,905
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans 12,073 11,200 +7.8%
Proceeds From Stock Options Exercised And Issuance Of Warrants 36,791 1,659 +2117.7%
Repayments Of Long Term Debt And Capital Securities -1,628 -2,435 +33.1%
Net Cash from Financing 1,026,643 361,114 +184.3%
Supplemental
Unpaid Capital Expenditures 2,720 6,536 -58.4%
Other Cash Flow
Net Change in Cash 41,334 -4,390 +1041.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 241,723 200,389 +20.6%
Restricted Cash 913 762 +19.8%
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts
Lease Obligation 0.9 0.8 +12.5%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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