Joby Aviation, Inc. (JOBY) Stock Price & Analysis
Joby Aviation, Inc. (JOBY) closed at USD 4.7 on Thursday, October 22, 2026, up 1.29% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 4.7; the Oct 22, 2026 session ranged USD 4.5–4.8 on volume of 17,220,342 shares. Market capitalization is —, with a 52-week range of USD 4.43–17.51 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/JOBY.md
Key facts (JOBY)
- Last four reported quarters (through Jun 30, 2026): revenue $116M, net income -$878M (-755.1% margin), free cash flow -$743M (SEC filings).
- 1 of 80 tracked superinvestors hold JOBY (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y -70.0% vs S&P 500 +14.9%; 5Y -47.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD -0.25, revenue estimate $40.4M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (JOBY)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $0K | $0K | $1.0M | $136K | $53.4M | $116M |
| Operating income | -$259M | -$392M | -$472M | -$597M | -$720M | -$883M |
| Net income | -$180M | -$258M | -$513M | -$608M | -$930M | -$878M |
| EPS (diluted) | -$0.61 | -$0.44 | -$0.79 | -$0.87 | -$1.13 | — |
| Free cash flow | -$228M | -$291M | -$344M | -$477M | -$564M | -$743M |
| Operating margin | — | — | -45745.5% | -438789.7% | -1346.9% | -759.2% |
| Net margin | — | — | -49714.1% | -447083.8% | -1740.5% | -755.1% |
| Revenue growth | — | — | — | -86.8% | +39183.1% | — |
| Cash + short-term investments | $1.30B | $1.06B | $1.03B | $933M | $1.41B | — |
| Total debt | — | — | — | — | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (JOBY)
Superinvestors (SEC 13F-HR, Q2 2026) (JOBY)
1 of 80 tracked investors hold JOBY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.03% | $3.0M | Added +12.7% |
Analysts (JOBY)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Morgan Stanley | Target lowered | Equal-Weight | $13 → $10 |
| 2026-10-09 | Barclays | Downgrade | Equal-Weight → Underweight | $6 → $4 |
| 2026-09-21 | HC Wainwright & Co. | Reiterated | Buy | $18 |
| 2026-08-06 | Needham | Target lowered | Buy | $18 → $15 |
Total return (dividends reinvested) (JOBY)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -70.0% | -47.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -70.1% | -12.1% |
| Volatility (annualized) | 67.2% | 70.4% |
| Max drawdown | -73.4% (Oct 2025→Oct 2026) | -74.5% (Sep 2025→Oct 2026) |
JOBY revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Passenger | $36.2M | 93.6% | — |
| Other | $2.5M | 6.4% | +16333.3% |
| Total revenue | $38.6M | 100% | — |
JOBY revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $26.8M | 69.4% | +178560.0% |
| Europe | $10.4M | 27.0% | — |
| Other | $1.4M | 3.6% | — |
| Total revenue | $38.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
JOBY suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Blade Urban Air Mobility | “We expect our Blade operations to support our go-to-market strategy by providing near-term operating experience and customer insights, and by contributing relationships and infrastructure that we expect to leverage as we prepare for certification and the eventual launch of our eVTOL service.” |
| Partner | Toyota (TM) | “Our preparations for commercial passenger service also includes forming sector-leading relationships with partners such as Toyota, Uber, and Delta Air Lines, each of whom have invested in Joby.” |
| Partner | Uber (UBER) | “Our preparations for commercial passenger service also includes forming sector-leading relationships with partners such as Toyota, Uber, and Delta Air Lines, each of whom have invested in Joby.” |
| Partner | DELTA AIR LINES, INC. (DAL) | “Our preparations for commercial passenger service also includes forming sector-leading relationships with partners such as Toyota, Uber, and Delta Air Lines, each of whom have invested in Joby.” |
| Partner | LLC and Allen & Company | “In December 2024, we entered into an Equity Distribution Agreement with Morgan Stanley & Co. LLC and Allen & Company LLC, as sales agents ("Equity Distribution Agreement"), through which we may offer and sell, from time to time at our sole discretion, up to an aggregate of $300.0 million of our common stock in an "at-the-market" offering ("ATM Offering").” |
| Partner | Helo Holdings | “We have also established relationships with infrastructure providers including fixed base operators and landing site partners such as Atlantic Aviation, Helo Holdings, Inc. ("HHI") and Skyports to facilitate infrastructure development in key markets.” |
Quoted from the company's 10-K filed Feb 27, 2026.
Companies that name JOBY in their SEC reports
| Relationship to JOBY | Company | Filing | Sentence |
|---|---|---|---|
| partner | TOYOTA MOTOR CORP/ (TM) | 20-F Jun 10, 2026 | “Our collaboration with Joby Aviation, Inc. ("Joby") on Joby's electric vertical take-off and landing aircraft (eVTOL)” |
| customer | AIRO Group Holdings, Inc. (AIRO) | 10-K Mar 31, 2026 | “We also serve as an avionics supplier for OEMs, including Robinson Helicopters, Pilatus, Honeywell, and Joby Aviation.” |
JOBY customer concentration
In the period ended Jun 30, 2025, a single direct customer accounted for 10% of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name it.
JOBY company outlook (results filed Aug 5, 2026)
- “The company increased its full year 2026 total revenue outlook to a range of $115 million to $125 million.”
- “For the second half of 2026, Joby anticipates use of cash, cash equivalents and short-term investments to be betw”
Quoted word-for-word from the SEC 8-K results press release.
JOBY analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.25 | $-0.24 | +6.3% | $40.4M | 9 |
| Next quarter (ends Dec 2026) | $-0.25 | $-0.22 | +12.0% | $19.8M | 9 |
| Current fiscal year (ends Dec 2026) | $-0.77 | $-0.90 | -14.4% | $120.8M | 2 |
| Next fiscal year (ends Dec 2027) | $-0.65 | $-0.59 | +8.4% | $214.6M | 2 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 4.7 |
|---|---|
| Change | ▲ 1.29% (up) |
| Previous Close | USD 4.7 |
| Open | USD 4.7 |
| Day Range | USD 4.5 – 4.8 |
| 52-Week Range | USD 4.43 – 17.51 |
| Volume | 17,220,342 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (JOBY)
Nexqual's technical model rates JOBY "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 24.49 (oversold) |
| vs SMA50 | Below (USD 6.28) |
| MACD | -0.5 (negative) |
Earnings (JOBY)
| Next Earnings Date | 2026-11-04 |
|---|---|
| Revenue Estimate | $40.42M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.25 vs est -0.23 ▼ miss |
| 2026-03-31 | USD -0.12 vs est -0.21 ▲ beat |
| 2025-12-31 | USD -0.22 vs est -0.2 ▼ miss |
| 2025-09-30 | USD -0.2 vs est -0.19 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (JOBY)
| Total Revenue | $116.30M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +257493.30% |
| Gross Margin | +34.29% |
| Operating Margin | -675.18% |
| Profit Margin | +0.00% |
| ROE | -65.90% |
| Debt / Equity | 0.42 |
| Current Ratio | 17.98 |
| Total Cash | $2.26B |
| Total Debt | $747.71M |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Ownership (JOBY)
| Insider Ownership | +32.26% |
|---|---|
| Institutional Ownership | +45.34% |
| Shares Outstanding | 996.29M |
| Float | 669.63M |
| Short % of Float | +19.04% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From Joby Aviation, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Over that period, we have built a team that is deeply committed to vertically integrated engineering, testing, prototyping and manufacturing.
- We also plan to integrate access to our service into leading third-party demand aggregation platforms, including through our partnerships with Uber and Delta Air Lines.
- The agreement provides Joby with the exclusive right to operate air taxis in Dubai for six years and secures a variety of support from the RTA, including financial mechanisms, for entry and maturing of service operations in Dubai.
- We plan to manufacture, operate and sell our aircraft, and are building a vertically integrated transportation company to maximize the value of our investments.
Partnerships
- We believe that our partnership with Uber Technologies, Inc. and our acquisition of Uber's Elevate business, provides us with two important competitive advantages in our go-to-market planning and execution.
- Our preparations for commercial passenger service also includes forming sector-leading relationships with partners such as Toyota, Uber, and Delta Air Lines, each of whom have invested in Joby.
Legal & Regulatory Risks (Item 1A, quoted)
- We may be unable to obtain relevant regulatory approvals for the commercialization of our aircraft or operation of our mobility service, either in the United States or in foreign markets.
- Regulatory authorities may disagree with our view that integrating our service into the National Airspace System is possible without changes to existing regulations and procedures.
- Changes in government regulation could increase our operating costs or extend our certification timeline.
- We may be subject to security regulation that will increase our operating costs.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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|---|---|---|---|
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| NOC | Northrop Grumman Corporation | USD 552.35 | ▲ 2.42% |
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| ITW | Illinois Tool Works Inc. | USD 279.24 | ▲ 0.88% |
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
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