📈 Price History

Ratio Health

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— Good

— Average

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By Category

📊 Sector Averages

About

Joby Aviation, Inc., an air mobility company, engages in research, develop, test, manufacture, and sale of electric vertical takeoff and landing aircraft in the United States, Japan, Europe, and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding JOBY

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Manager	Shares	Value	% of Fund	Period
Cathie Wood ARK Investment Management	6.17M	$51.0M	0.40%	Mar 2026
Jim Simons Renaissance Technologies LLC	4.01M	$33.1M	0.05%	Mar 2026
Steve Cohen Point72 Asset Management	5.00M	$4.3M	0.01%	Mar 2026
Steve Cohen Point72 Asset Management	298.7K	$2.5M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management uses phrases like 'one of our best yet', 'delivering at an exceptional level', 'unparalleled progress', and provides specific percentages (70% Stage IV, 50% FAA side) and numbers (76 flights in July) to back claims.

Q3 2025

Confident Specific

Management repeatedly highlighted concrete milestones (power-on testing of first TIA aircraft, 15x increase in FAA-conforming parts, successful public flights at Air Show and Osaka Expo) and used language like 'momentous', 'huge achievement', 'incredibly proud'. Specific progress on certification and manufacturing was emphasized.

Q4 2025

Confident Specific

Management used language like 'unprecedented demand', 'monumental achievement', 'phenomenal event', and provided specific milestones: first FAA-conforming aircraft ready to fly, 18-point increase in Stage 4, raising $1.8B, and explicit guidance for cash use and revenue. The tone was forward-looking and assured, backed by concrete numbers and timelines.

Q1 2026 latest

Confident Specific

Management repeatedly uses phrases like 'exceptional quarter of progress', 'dream slate of opportunities', and 'incredible results' to convey strong execution. They highlight specific milestones: eIPP selection across 11 states, conforming aircraft flights, manufacturing ramp (2.5x parts volume, third shift), and Toyota collaboration. No defensive or cautious language present.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call due to tangible progress: the eIPP program provides a near-term pathway to commercial operations with government backing, and the successful demonstration flights in major cities validate the aircraft's capabilities. The balance sheet remains robust at ~$2.5B, supporting the multi-year manufacturing ramp and certification push. However, the company is still pre-revenue from its core aviation business, with high cash burn ($195M in Q1 excluding capital raises) and no update on FAA type certification completion timeline. Key items to watch next quarter: final OTA agreements under eIPP, commencement of passenger flights (Dubai or U.S.), progress on FAA pilot training, and any new aircraft sales or infrastructure announcements.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Joby Aviation: $2.5B cash, eIPP in 11 states, flying conforming aircraft.

Revenue & Profitability

Q1 2026 revenue was $24 million (down $7M sequentially due to absence of one-time Japan demo revenue). GAAP net loss was $110 million, improving $12 million from Q4. Adjusted EBITDA loss was $179 million. Operating expenses were $258 million. Cash used in Q1 was $195 million (including $32M net for Ohio facility), with total cash and short-term investments of $2.5 billion.

Outlook

Management sees strong industry tailwinds from government support via the eIPP program, which enables early operations ahead of full certification. They highlight modernization of air traffic control by the FAA as a positive for scaled eVTOL operations. No explicit headwinds were discussed; the focus is on execution and leveraging partnerships to accelerate commercial launch in 2026.

Growth Drivers

Key growth levers include the eIPP program (11 states, with initial focus on Texas, New York, Florida), manufacturing ramp (parts for 9th conforming aircraft, third shift, composites output up 2.5x YoY), Blade's existing customer base and infrastructure, and defense opportunities (turbine-electric VTOL with U.S. Army). International markets (Saudi Arabia, Japan) are also seen as future aircraft sales opportunities.

Balance Sheet & CapEx

Total property and equipment investment in Q1 was $78 million, including $62 million gross for the Ohio manufacturing facility (net cash impact $32M after financing). Additional $16 million supported facility build-out, tooling, and production equipment. First-half 2026 cash use guidance is $340-$370 million, excluding the one-time Ohio purchase. The company is building out a 730,000 sq ft facility in Ohio.

Margins

Not discussed in this earnings call.

Key Risks

Not discussed explicitly; management expressed confidence in manufacturing ramp and quality. In Q&A, analysts inquired about potential bottlenecks (supply chain, pilots, production), but management did not flag specific risks, highlighting instead Toyota's quality systems and simulator investments.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-05

Commercial service preparations accelerate with eIPP flights in Texas and Blade's record growth driving a raised full-year revenue outlook. Strategic partnerships, manufacturing ramp, and infrastructure investments position the business for scale, despite ongoing certification and capital deployment challenges.

Q1 2026 Q1 2026 2026-05-05

Q1 2026 saw major operational and financial progress, including selection for the eIPP program, successful demonstration flights, and a strong cash position of $2.5 billion. Manufacturing ramped up, Blade performed well, and guidance for the year remains on track.

Q4 2025 Q4 2025 2026-02-25

2025 saw major technical and commercial milestones, including FAA-conforming aircraft, strong fundraising, and Blade integration. 2026 guidance targets $105–$150 million revenue, with Dubai and U.S. launches planned and production ramping to meet global demand.

Q3 2025 Q3 2025 2025-11-05

Achieved a key FAA certification milestone and expanded global operations, including regulatory approval for daily flights in Dubai. Q3 revenue reached $23 million, with a net loss of $401 million, and liquidity strengthened by a $576 million equity raise post-quarter.

Q2 2025 Q2 2025 2025-08-06

Q2 2025 saw major certification and manufacturing milestones, a $325M net loss, and $991M in cash. Blade acquisition and global partnerships accelerate commercialization, while regulatory and production progress support scaling efforts.

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