JOBY · NYSE · Airlines, Airports & Air Services

Joby Aviation (JOBY)

Builds electric air taxis and operates conventional passenger flights through Blade.

$6.32
vs last close−0.12 (−1.86%)
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Joby Aviation, Inc.JOBY
Industrials

Develops piloted electric air taxis, runs helicopter and fixed-wing passenger bookings through Blade, and serves defense customers. Revenue comes mainly from conventional passenger flights and government operations while the vertically integrated eVTOL platform remains in FAA type certification.

Develops and manufactures a piloted, all-electric eVTOL aircraft for urban air-taxi networks, while operating conventional helicopter and fixed-wing passenger services through Blade. Defense work covers customer-directed flights, on-base operations, and autonomous or hybrid demonstrations; H2FLY develops hydrogen-electric fuel-cell systems. Engineering services supplement these lines.

Vertically integrates aircraft design, component engineering, manufacturing, charging, operating software, and preparations for flight operations and maintenance. Production and testing are centered in California, with high-rate manufacturing planned in Ohio. Routes to market combine directly operated services, local operating affiliates, and aircraft sales across the United States, Middle East, Europe, and Asia.

The core eVTOL remains in FAA type certification despite existing air-carrier, repair-station, and flight-school certificates. Scaling depends on completing aircraft and production certification, expanding manufacturing, and securing operating and landing-site approvals in each market.

Company facts

CEOJoeBen Bevirt
ListedAug 11, 2021
ExchangeNYSE
HeadquartersSanta Cruz, CA
CountryUnited States
Employees2,559
CIK0001819848
ISINKYG651631007

Market cap$6.33B
EPS (ttm)−$0.9900
P/E (ttm)−6.51
ROE-58.2%
P/B3.59
P/S54.47
Dividend yieldDiv yield
Beta3.16vs XLI 0.39

Price target$15.00+132.9%Average of 8 analysts
ConsensusHold4 of 8 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 6, 2026SusquehannaTarget
Target:
Target: $18
Aug 6, 2026NeedhamReiterate
Rating: Target: $18
Rating: BuyTarget: $15
May 6, 2026Morgan StanleyReiterate
Rating: Target: $15
Rating: Equal WeightTarget: $13
Mar 12, 2026H.C. WainwrightTarget
Target:
Target: $18
Feb 26, 2026NeedhamReiterate
Rating: Target:
Rating: BuyTarget: $18

Next report
Nov 4, 26
in 42 days
EPS estimate
−$0.26
Revenue estimate
$37.2M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.34−$0.11−$0.41−$0.48−$0.14−$0.12−$0.25Pending
Estimate−$0.19−$0.18−$0.18−$0.19−$0.20−$0.21−$0.23−$0.26
Surprise−78.9%+38.9%−127.8%−150.4%+30.0%+42.9%−7.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$55.0K$15.0K$22.6M$30.8M$24.2M$38.6MPending
Estimate$136.2K$699.3K$49.7K$3.4M$16.2M$20.2M$30.2M$37.2M
Surprise−59.6%−69.8%+563.7%+90.6%+20.2%+28.0%
Estimate−$0.26
ReportedDue Nov 4, 2026
Estimate$37.2M
ReportedDue Nov 4, 2026
View details

Debt to equity41.60%
Current ratio1,797.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$28.0K$55.0K$0$15.0K$22.6M$30.8M$24.2M$38.6M
Net income−$143.9M−$246.3M−$82.4M−$324.7M−$401.2M−$121.5M−$110.0M−$245.4M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$156.7M−$149.9M−$163.3M−$167.9M−$181.7M−$206.8M−$233.6M−$260.9M
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $2.26B · Total debt $735.4M · Total assets $2.75B · Shareholders' equity $1.77B

Revenue
$38.6M
Operating income
−$260.9M
Net income
−$245.4M
View details

No dividends on record.

Institutions60.14%594.83M shares
569 holders · as of Jun 30, 2026
Insiders5.95%58.84M shares
17 holders · as of Sep 17, 2026
Other33.91%335.46M shares
remainder

989.12M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Toyota Motor Corp/Institution
12.99%128.45Mas of Jun 30, 2026
Baillie Gifford & CoInstitution
6.18%61.14Mas of Jun 30, 2026
Paul Cahill Sciarra1,2Insiderdirector
5.66%56.52Mfiled Sep 3, 2026
BlackRock, Inc.Institution
5.41%53.51Mas of Jun 30, 2026
Capricorn Investment Group LLCInstitution
2.88%28.47Mas of Jun 30, 2026
  1. Paul Cahill Sciarra's transaction reports restate only vehicles that traded; the 2026 ownership statement (56.52M) less the 539.8K net shares sold since is used instead.
  2. Paul Cahill Sciarra reports a block also reported by Baillie Gifford & Co; it is counted once, under Baillie Gifford & Co.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 15, 2026JoeBen Bevirtdirector, officer: CEO and Chief Architect−606,667$6.19
Sep 3, 2026Rodrigo Brumanaofficer: Chief Financial Officer−8,898$6.89
Sep 2, 2026Rodrigo Brumanaofficer: Chief Financial Officer−37,831$6.77
Sep 2, 2026Paul Cahill Sciarradirector−62,500$6.68
Aug 25, 2026Gregory Bowlesofficer: Chief Policy Officer−4,575$7.23
View details

  • Archer Aviation

    Closest US eVTOL rival racing FAA type cert on the same timeline with Midnight.

  • Eve

    Embraer-backed eVTOL developer; $13.5B backlog, first flight December 2025.

  • EHang (ADR)

    World's first CAAC-certified eVTOL operator, commercially flying since 2026.

  • BETA Technologies

    Amazon- and GE Aerospace-backed US electric aircraft maker, VTOL cert by 2028.

  • Vertical Aerospace

    UK eVTOL developer; ~1,500 pre-orders, Valo targeting 2028 certification.

Compare

CompanyPriceChange
Joby Aviation$6.32−1.86%$6.33B54.5+257,493.3%
Archer Aviation$5.68−0.12%$4.32B626.4
Eve$2.08−3.49%$748.9M
EHang (ADR)$4.60−2.85%$175.5M3.4−44.1%
BETA Technologies$23.58+1.29%$5.17B115.4
Vertical Aerospace$0.6951−5.76%$93.9M
Median115.4−44.1%