Joby Aviation, Inc. (JOBY) Income Statement
JOBY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsJOBY revenue and net income
Where JOBY's revenue goes
2025Each bar shows an amount and its share of revenue. JOBY kept −1,740.5% of revenue as net income.
JOBY profit margins
JOBY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +39,183.1% | — | — | — |
| Gross profit | −23,376.8% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
JOBY quarterly EPS vs estimates
Joby Aviation beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.26).
JOBY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $53.4M | $136,000 | $1.0M | $0 | $0 | $0 |
| Cost of revenue | $69.5M | $67,000 | $200,000 | $24.0M | $15.9M | $7.4M |
| Gross profit | −$16.1M | $69,000 | $832,000 | −$24.0M | −$15.9M | −$7.4M |
| Research & development | $581.1M | $477.2M | $367.0M | $296.3M | $202.6M | $108.7M |
| Sales, general & admin | $162.6M | $119.7M | $105.9M | $95.9M | $61.5M | $23.5M |
| Total operating expenses | $703.5M | $596.8M | $472.9M | $392.2M | $259.1M | $132.2M |
| Operating income | −$719.6M | −$596.8M | −$472.1M | −$392.2M | −$259.1M | −$132.2M |
| Interest income | $43.2M | $42.8M | $45.6M | $16.9M | $1.1M | $5.6M |
| Interest expense | — | — | — | $118,000 | $2.4M | $249,000 |
| Income before taxes | −$928.5M | −$607.9M | −$512.9M | −$258.0M | −$190.9M | −$114.1M |
| Income taxes | $1.3M | $129,000 | $139,000 | $92,000 | −$10.5M | $31,000 |
| Net income | −$929.8M | −$608.0M | −$513.0M | −$258.0M | −$180.3M | −$114.2M |
| EBITDA | −$888.4M | −$572.3M | −$482.4M | −$233.8M | −$172.5M | −$124.8M |
| EPS (diluted) | −$0.88 | −$0.87 | −$0.98 | −$0.48 | $0.28 | −$0.74 |
| Gross margin | −30.1% | 50.7% | 80.6% | — | — | — |
| Operating margin | −1,346.9% | −438,789.7% | −45,745.5% | — | — | — |
| Net margin | −1,740.5% | −447,083.8% | −49,714.1% | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.6M | $24.2M | $30.8M | $22.6M | $15,000 | $0 | $55,000 | $28,000 | $28,000 | $25,000 | $1.0M | $0 |
| Cost of revenue | $28.3M | $18.8M | $30.3M | $10.1M | $9.8M | $0 | $22,000 | $15,000 | $15,000 | $15,000 | $200,000 | $7.8M |
| Gross profit | $10.3M | $5.4M | $514,999 | $12.5M | −$9.7M | $0 | $33,000 | $13,000 | $13,000 | $10,000 | $832,000 | −$7.8M |
| Research & development | $194.7M | $177.5M | $161.3M | $149.2M | $136.4M | $134.3M | $122.4M | $126.1M | $113.0M | $115.6M | $102.1M | $100.6M |
| Sales, general & admin | $76.6M | $61.6M | $57.1M | $45.0M | $31.5M | $29.0M | $27.5M | $30.6M | $31.3M | $30.3M | $27.3M | $27.6M |
| Total operating expenses | $271.2M | $239.0M | $207.3M | $194.2M | $158.1M | $163.3M | $149.9M | $156.7M | $144.3M | $145.9M | $129.1M | $128.2M |
| Operating income | −$260.9M | −$233.6M | −$206.8M | −$181.7M | −$167.9M | −$163.3M | −$149.9M | −$156.7M | −$144.3M | −$145.9M | −$128.2M | −$128.2M |
| Interest income | $18.9M | $17.8M | $13.7M | $9.7M | $9.8M | $9.9M | $9.8M | $9.5M | $11.2M | $12.3M | $12.9M | $13.6M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $13.6M | — |
| Income before taxes | −$245.3M | −$109.8M | −$120.5M | −$401.1M | −$324.6M | −$82.4M | −$246.7M | −$143.3M | −$123.3M | −$94.6M | −$115.1M | $1.6M |
| Income taxes | $142,000 | $168,000 | $1.1M | $83,000 | $106,000 | $40,000 | −$470,000 | $553,000 | $10,000 | $36,000 | $21,000 | $28,000 |
| Net income | −$245.4M | −$110.0M | −$121.5M | −$401.2M | −$324.7M | −$82.4M | −$246.3M | −$143.9M | −$123.3M | −$94.6M | −$115.1M | $1.5M |
| EBITDA | −$233.4M | −$98.8M | −$109.4M | −$390.9M | −$314.8M | −$73.2M | −$237.3M | −$134.4M | −$114.6M | −$86.1M | −$106.9M | $9.4M |
| EPS (diluted) | −$0.25 | −$0.12 | −$0.22 | −$0.26 | −$0.20 | −$0.20 | −$0.34 | −$0.21 | −$0.18 | −$0.14 | −$0.17 | −$0.17 |
| Gross margin | 26.8% | 22.4% | 1.7% | 55.4% | −64,986.7% | — | 60.0% | 46.4% | 46.4% | 40.0% | 80.6% | — |
| Operating margin | −675.2% | −963.4% | −670.6% | −804.8% | −1,119,093.3% | — | −272,500.0% | −559,625.0% | −515,310.7% | −583,588.0% | −12,426.6% | — |
| Net margin | −635.2% | −453.5% | −394.1% | −1,777.4% | −2,164,493.3% | — | −447,776.4% | −513,850.0% | −440,328.6% | −378,348.0% | −11,153.4% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in JOBY's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
JOBY financial results
In fiscal year 2025 (ended December 31, 2025), Joby Aviation reported revenue of $53.4 million, up 39,183.1% from the year before. It had a net loss of $929.8 million, a net profit margin of −1,740.5%. Diluted earnings per share came to −$0.88.
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JOBY income statement FAQ
What is Joby Aviation's annual revenue?
Joby Aviation reported total revenue of $53.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 39,183.1% from $0.1 million the previous year.
Is Joby Aviation profitable?
No. Joby Aviation reported a net loss of $929.8 million in fiscal 2025, a net profit margin of −1,740.5%; its operating margin was −1,346.9%.
What is Joby Aviation's gross margin?
Joby Aviation's gross margin was −30.1% in fiscal 2025: for every $100 of revenue, Joby Aviation kept $-30 after the direct cost of its products and services.
How much does Joby Aviation spend on research and development?
Joby Aviation spent $581.1 million on research and development in fiscal 2025, 1,087.7% of revenue.
What are Joby Aviation's earnings per share?
Joby Aviation earned $-0.88 per diluted share in fiscal 2025, compared with $-0.87 a year earlier.
When will Joby Aviation report its next earnings?
Joby Aviation is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Joby Aviation's fiscal year end?
Joby Aviation's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.