JOBY
Joby Aviation, Inc.14.07
-0.12-0.85%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms script; payload evolution clarified.
Q&A largely reaffirmed prepared remarks on certification milestones and manufacturing ramps, but JoeBen acknowledged full pilot-plus-passenger payload will evolve over time via software, batteries, and upgrades. No full-year cash guidance emerged due to early production S-curve uncertainties, with H2 updates promised post-serial data. Analysts pressed on eIPP passenger ops and vertiports; management stayed bullish, noting phased U.S. rollout and partner-funded infra from RTA, Blade sites, and Metropolis. Payload perfection takes time. Defense hybrid demos advance soon for Army, Marines, Navy. Watch production cadence and Dubai flights.
Key Stats
Market Cap
12.83BP/E (TTM)
-Basic EPS (TTM)
-1.35Dividend Yield
0%Recent Filings
8-K
Switches auditors cleanly
Joby Aviation dismissed Deloitte as its independent auditor on March 2, 2026, effective immediately, with no disagreements or reportable events noted over the past two years. The Audit Committee swiftly appointed PwC for the 2026 fiscal year, pending standard procedures. Clean handover. No prior consultations with PwC on accounting matters.
10-K
FY2025 results
Joby Aviation posted FY2025 net loss of $929.8M, up 53% y/y, on revenue of $53.4M—mostly from Q4 Blade passenger charters post-August acquisition and DOD demos—versus $0.1M in 2024. R&D surged 22% to $581.1M on certification push and headcount; SG&A rose 36% with deal costs. Q4 momentum shone in $53M revenue versus negligible prior-year, fueled by Blade integration yielding market access in NYC/Europe. Cash pile hit $1.4B after $1B+ raises, funding Marina/Ohio plants. No annual guidance disclosed. FAA delays could stall Q4 traction.
8-K
Joby Q4 revenue up, cash surges
Joby Aviation reported Q4 2025 results on February 25, 2026, posting $30.8M revenue yet a $121.5M net loss amid certification and manufacturing ramp. Cash swelled to $1.4B, boosted by $1.2B fresh capital. Record FAA progress hit 18 points; first passengers eyed in Dubai 2026. Production doubles to four aircraft monthly in 2027 via Ohio facility.
8-K
Joby raises $690M convertibles
Joby Aviation closed a $690M 0.75% convertible notes offering due 2032 and 52.9M common stock shares on February 2, 2026, after agreements on January 28. Capped calls costing $63.3M offset dilution from conversions at $14.19/share. Year-end 2025 liquidity hit $1.4B. Notes carry fundamental change repurchase rights.
8-K
Joby buys Ohio factory
Joby Aero signed a deal on January 7, 2026, to buy a 728,000 sq ft manufacturing facility in Vandalia, Ohio from Capstone STS for $61.5M. Closing targeted by February 27 expands Joby's Ohio footprint to double aircraft output to four per month in 2027. Deal hinges on title approval and seller financing. Risks title defects.
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