Company Analysis

Joby Aviation, Inc. (JOBY)

NYSE: JOBY · Aircraft · Santa Cruz, CA · filing with the SEC since 2020
Grade4.7
◀ Past 3.4● Present 5.3▶ Future 5.1
1 est.

The grade of Joby Aviation, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.7/10
◀ Past3.430% of the headline
● Present5.340% of the headline
▶ Future5.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.4/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.7/10

Has it survived what it has been through?

3 warning events since 2020; the latest 2026-03-06.

weight 33% of this tense · 37th percentile among 15 sector filers · read for itself

From the record

Joby Aviation, Inc.'s filings since 2020 show 3 warning events of 2 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-13); an auditor change (8-K item 4.01, 2 times, the latest 2026-03-06) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.9/10

What has it actually done, year after year?

5 filed years; profitable in 0 of 5.

weight 45% of this tense · 19th percentile among 10 sector filers · read for its customers

From the record

Joby Aviation, Inc.'s 5 filed years say what it did: it rose in 1 of 2 years; the deepest fall was 87% from fiscal 2023 to fiscal 2024; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • the share of years revenue rosebottom 17% of its family
  • the share of filed years with a profitbottom 35% of its family
  • the deepest fall from a revenue peak86.8%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.1/10

How has it treated the people who own it?

SI estimate 6.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 61st percentile among 14 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 39% of 14 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 14 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Joby Aviation, Inc.'s shareholder treatment is put at 6.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 39% of 14 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.0/10

Is it financially healthy right now?

ROE -66%: lost 66¢ per shareholder dollar. Leverage 21%: owes 21¢ per asset dollar.

weight 45% of this tense · 49th percentile among 14 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Joby Aviation, Inc. lost about 66 cents for every dollar of shareholders' money. Leverage: it owed about 21 cents per dollar of assets, and net share issuance: its share count grew 18.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 46% of its family
  • return on equitybottom 27% of its family
  • the share count against the year beforetop 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.2/10

How strong is its position in its industry?

bottom 42% of 12 in its family; net margin -1740.5%.

weight 33% of this tense · 42nd percentile among 12 sector filers · read for its customers

From the record

Joby Aviation, Inc.'s standing among 12 graded names in its industry family: revenue of $53 million in fiscal 2025 ranks in the top 45% by size; a net margin of -1740.5% ranks in the bottom 29% (its annual reports).

What it rests on

  • revenue against the family$53.4Mtop 45% of its family
  • net margin-1740.5%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.6/10

What are the people in charge doing?

top 24% of 7 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 76th percentile among 7 sector filers · read for its shareholders

From the record

Joby Aviation, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Bevirt, Joeben (CEO and Chief Architect, as filed), filing under that title since 2021-08-12, 5.3 years (top 21% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 5.3 years (top 8%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (top 41%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 16 peopletop 41% of its family
  • the median years the people in charge have filed5.3 yearstop 8% of its family
  • the chief executive's years on the record5.3 yearstop 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.5/10

How much room does it have to grow?

bottom 45% of 11 in its family for room to expand.

weight 45% of this tense · 45th percentile among 11 sector filers · read for itself

From the record

Joby Aviation, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $241 million against no long-term debt tagged leaves 13.4% of its assets as net cash, bottom 35% of its family; cash from operations less capital spending is -1055.3% of revenue (bottom 14%); research spending of 1087.7% of revenue (top 14%) (its annual report).

What it rests on

  • cash less debt against assets13.4%bottom 35% of its family
  • cash from operations less capital spending against revenue-1055.3%bottom 14% of its family
  • research spending against revenue1087.7%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.5/10

What could actually drive growth from here?

top 45% of 10 in its family for growth drivers.

weight 33% of this tense · 55th percentile among 10 sector filers · read for its customers

From the record

Joby Aviation, Inc.'s growth drivers, from the filed years to fiscal 2025: the newest year grew 39344.1% (top 6%); research spending grew 25.2% a year (bottom 45%); capital spending grew -0.6% a year (bottom 25%) (its annual reports). Joby Aviation, Inc. reported 2 product lines in fiscal 2025: Passenger at $35 million (65%), Product and Service Other at $19 million (35%); 1 of 1 grew against the year before (its annual report).

What it rests on

  • the newest year's revenue growth39344.1%top 6% of its family
  • three-year growth of research spending25.2%bottom 45% of its family
  • three-year growth of capital spending-0.6%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 6 in its family for expectations against reality.

weight 22% of this tense · 58th percentile among 6 sector filers · read for its shareholders

From the record

Joby Aviation, Inc.'s newest year against its own record: net income of $930 million against a prior three-year average of $460 million (bottom 25%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 8%) (its annual reports).

What it rests on

  • net income against the prior three years' average-102%bottom 25% of its family
  • net margin against its prior averageup more than 100 pointstop 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton JOBY · research, not advice