What is JOBY-WT's earnings per share (EPS)?

JOBY-WT (JOBY-WT) reported diluted earnings per share of $-1.13 for fiscal year 2025. This represents a -29.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

JOBY-WT Financials

JOBY-WT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows JOBY-WT (JOBY-WT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI JOBY-WT FY2025 2026-04-22

External capital still powers the business: engineering spend and development work absorb far more cash than customers currently provide.

In FY2025, $1.03B of financing inflow nearly matched the -$985.3M used by operations and investing combined, so the asset base was being sustained by fundraising rather than by customers. Rising share count from 698.3M in FY2023 to 915.1M in FY2025, with no long-term debt reported, points to a mostly equity-funded build phase and explains why large losses have not translated into debt strain.

Capital intensity sits in development expense, not in plant build-out: FY2025 R&D reached $581.1M while capex was only $53.9M. Because those costs are expensed immediately, the income statement looks harsher than the balance sheet, which is typical of a business still converting technical work into commercial activity at scale.

Liquidity looks ample in the near term: current assets of $1.45B far exceed current liabilities of $60.0M. But cash replacement remains the operating challenge, since year-end cash of $240.8M covered less than a full year of FY2025 operating cash burn of -$509.9M.

Financial Health Signals

Financial Profile 49/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of JOBY-WT's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

JOBY-WT has an operating margin of -1346.9%, meaning the company retains $-1347 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -438789.7% the prior year.

Growth

100

JOBY-WT's revenue surged 39183.1% year-over-year to $53.4M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

JOBY-WT carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 24.09, JOBY-WT holds $24.09 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While JOBY-WT generated -$509.9M in operating cash flow, capex of $53.9M consumed most of it, leaving -$563.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

JOBY-WT generates a -66.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -66.6% the prior year.

Piotroski F-Score Weak

3/9

JOBY-WT passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.55x

For every $1 of reported earnings, JOBY-WT generates $0.55 in operating cash flow (-$509.9M OCF vs -$929.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$53.4M

YoY+39183.1%

JOBY-WT generated $53.4M in revenue in fiscal year 2025. This represents an increase of 39183.1% from the prior year.

EBITDA

-$679.4M

YoY-21.1%

JOBY-WT's EBITDA was -$679.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.1% from the prior year.

Net Income

-$929.8M

YoY-52.9%

JOBY-WT reported -$929.8M in net income in fiscal year 2025. This represents a decrease of 52.9% from the prior year.

EPS (Diluted)

$-1.13

YoY-29.9%

JOBY-WT earned $-1.13 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 29.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$563.8M

YoY-18.2%

JOBY-WT generated -$563.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 18.2% from the prior year.

Cash & Debt

$240.8M

YoY+20.6%

5Y CAGR+25.5%

JOBY-WT held $240.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.00

JOBY-WT paid $0.00 per share in dividends in fiscal year 2025.

Shares Outstanding

915M

YoY+16.7%

JOBY-WT had 915M shares outstanding in fiscal year 2025. This represents an increase of 16.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-1346.9%

YoY+437442.8pp

JOBY-WT's operating margin was -1346.9% in fiscal year 2025, reflecting core business profitability. This is up 437442.8 percentage points from the prior year.

Net Margin

-1740.5%

YoY+445343.4pp

JOBY-WT's net profit margin was -1740.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 445343.4 percentage points from the prior year.

Return on Equity

-66.0%

YoY+0.7pp

JOBY-WT's ROE was -66.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.

Capital Allocation

R&D Spending

$581.1M

YoY+21.8%

5Y CAGR+39.8%

JOBY-WT invested $581.1M in research and development in fiscal year 2025. This represents an increase of 21.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$53.9M

YoY+32.7%

5Y CAGR+17.9%

JOBY-WT invested $53.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 32.7% from the prior year.

JOBY-WT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$53.4M+39183.1%	$136K-86.8%	$1.0M	$0	$0	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$581.1M+21.8%	$477.2M+30.0%	$367.0M+23.9%	$296.3M+50.0%	$197.6M+81.7%	$108.7M
SG&A Expenses	$162.6M+35.9%	$119.7M+13.0%	$105.9M+10.4%	$95.9M+55.9%	$61.5M+161.8%	$23.5M
Operating Income	-$719.6M-20.6%	-$596.8M-26.4%	-$472.1M-20.4%	-$392.2M-51.4%	-$259.1M-95.9%	-$132.2M
Interest Expense	N/A	N/A	N/A	$118K-95.1%	$2.4M+874.3%	$249K
Income Tax	$1.3M+913.2%	$129K-7.2%	$139K+51.1%	$92K+100.9%	-$10.5M-34090.3%	$31K
Net Income	-$929.8M-52.9%	-$608.0M-18.5%	-$513.0M-98.8%	-$258.0M-43.1%	-$180.3M-58.0%	-$114.2M
EPS (Diluted)	$-1.13-29.9%	$-0.87-10.1%	$-0.79-79.5%	$-0.44+27.9%	$-0.61	$-1.10

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$22.6M+150393.3%	$15K	$0-100.0%	$55K+96.4%	$28K0.0%	$28K+12.0%	$25K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	$149.2M+9.4%	$136.4M+1.6%	$134.3M+9.7%	$122.4M-3.0%	$126.1M+11.6%	$113.0M-2.3%	$115.6M
SG&A Expenses	N/A	$45.0M+43.0%	$31.5M+8.6%	$29.0M+5.4%	$27.5M-10.0%	$30.6M-2.3%	$31.3M+3.4%	$30.3M
Operating Income	N/A	-$181.7M-8.2%	-$167.9M-2.8%	-$163.3M-8.9%	-$149.9M+4.4%	-$156.7M-8.6%	-$144.3M+1.1%	-$145.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$83K-21.7%	$106K+165.0%	$40K+108.5%	-$470K-185.0%	$553K+5430.0%	$10K-72.2%	$36K
Net Income	N/A	-$401.2M-23.6%	-$324.7M-294.0%	-$82.4M+66.5%	-$246.3M-71.2%	-$143.9M-16.7%	-$123.3M-30.3%	-$94.6M
EPS (Diluted)	N/A	$-0.48-17.1%	$-0.41-272.7%	$-0.11	N/A	$-0.21-16.7%	$-0.18-28.6%	$-0.14

JOBY-WT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.8B+49.2%	$1.2B-5.2%	$1.3B-1.8%	$1.3B-13.1%	$1.5B+199.3%	$497.3M
Current Assets	$1.4B+49.1%	$969.6M-8.2%	$1.1B-2.6%	$1.1B-17.8%	$1.3B+192.2%	$451.2M
Cash & Equivalents	$240.8M+20.6%	$199.6M-2.2%	$204.0M+39.6%	$146.1M-84.7%	$955.6M+1135.6%	$77.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$89.4M+524.4%	$14.3M+2.2%	$14.0M0.0%	$14.0M+30.3%	$10.8M	$0
Total Liabilities	$385.4M+32.4%	$291.1M+23.8%	$235.1M+83.3%	$128.2M-25.3%	$171.6M-78.0%	$780.4M
Current Liabilities	$60.0M+24.7%	$48.1M+6.6%	$45.1M+49.4%	$30.2M+118.1%	$13.8M+73.0%	$8.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.4B+54.5%	$912.4M-11.8%	$1.0B-11.2%	$1.2B-11.5%	$1.3B+565.0%	-$283.2M
Retained Earnings	-$2.8B-50.1%	-$1.9B-48.7%	-$1.2B-69.8%	-$734.7M-54.1%	-$476.6M-60.9%	-$296.3M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.8B+31.4%	$1.4B+8.4%	$1.3B+16.2%	$1.1B-9.9%	$1.2B+24.8%	$964.3M-10.5%	$1.1B-7.4%	$1.2B
Current Assets	$1.4B+41.9%	$1.0B+0.4%	$1.0B+20.6%	$841.5M-13.2%	$969.6M+31.4%	$737.8M-14.0%	$857.7M-9.9%	$951.7M
Cash & Equivalents	$240.8M+15.6%	$208.4M-38.0%	$336.3M+175.0%	$122.3M-38.7%	$199.6M+31.1%	$152.3M-13.0%	$175.1M+58.4%	$110.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$89.4M-1.1%	$90.4M+531.2%	$14.3M0.0%	$14.3M0.0%	$14.3M0.0%	$14.3M0.0%	$14.3M+2.2%	$14.0M
Total Liabilities	$385.4M-18.0%	$469.9M+29.9%	$361.6M+61.0%	$224.6M-22.9%	$291.1M+58.9%	$183.2M0.0%	$183.2M-3.2%	$189.2M
Current Liabilities	$60.0M-19.8%	$74.9M+27.1%	$58.9M+24.0%	$47.5M-1.3%	$48.1M+5.2%	$45.8M+6.0%	$43.2M+12.9%	$38.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.4B+57.3%	$896.5M-0.2%	$898.3M+4.5%	$859.4M-5.8%	$912.4M+16.8%	$781.0M-12.7%	$894.6M-8.3%	$975.1M
Retained Earnings	-$2.8B-4.6%	-$2.7B-17.7%	-$2.3B-16.8%	-$1.9B-4.4%	-$1.9B-15.3%	-$1.6B-9.8%	-$1.5B-9.2%	-$1.3B

JOBY-WT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$509.9M-16.9%	-$436.3M-39.0%	-$313.8M-33.0%	-$235.9M-20.5%	-$195.7M-84.8%	-$105.9M
Capital Expenditures	$53.9M+32.7%	$40.6M+32.7%	$30.6M-44.3%	$54.9M+69.7%	$32.3M+36.4%	$23.7M
Free Cash Flow	-$563.8M-18.2%	-$476.9M-38.5%	-$344.4M-18.4%	-$290.8M-27.5%	-$228.1M-76.0%	-$129.6M
Investing Cash Flow	-$475.4M-771.8%	$70.8M-11.9%	$80.3M+112.7%	-$630.8M-3266.7%	-$18.7M+95.2%	-$393.2M
Financing Cash Flow	$1.0B+184.3%	$361.1M+25.3%	$288.2M+376.8%	$60.5M-94.5%	$1.1B+1478.7%	$69.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$153.2M-10.0%	-$139.2M-30.6%	-$106.6M+4.0%	-$111.0M+7.9%	-$120.5M-9.2%	-$110.3M-11.6%	-$98.8M+7.3%	-$106.6M
Capital Expenditures	$13.8M+6.1%	$13.0M+7.3%	$12.1M-18.8%	$15.0M-3.0%	$15.4M+56.4%	$9.9M+16.6%	$8.5M+22.8%	$6.9M
Free Cash Flow	-$167.0M-9.7%	-$152.2M-28.2%	-$118.7M+5.7%	-$125.9M+7.4%	-$135.9M-13.1%	-$120.2M-12.0%	-$107.3M+5.5%	-$113.5M
Investing Cash Flow	-$408.5M-232.0%	-$123.1M-600.9%	$24.6M-22.2%	$31.6M+116.7%	-$188.6M-314.1%	$88.1M-44.5%	$158.6M+1156.3%	$12.6M
Financing Cash Flow	$594.0M+341.1%	$134.7M-54.5%	$296.0M+14386.1%	$2.0M-99.4%	$356.5M+56413.4%	-$633K-113.3%	$4.7M+782.0%	$538K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

JOBY-WT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-1346.9%+437442.8pp	-438789.7%-393044.2pp	-45745.5%	N/A	N/A	N/A
Net Margin	-1740.5%+445343.4pp	-447083.8%-397369.7pp	-49714.2%	N/A	N/A	N/A
Return on Equity	-66.0%+0.7pp	-66.6%-17.0pp	-49.6%-27.4pp	-22.1%-8.5pp	-13.7%	N/A
Return on Assets	-51.8%-1.3pp	-50.5%-10.1pp	-40.4%-20.5pp	-20.0%-7.8pp	-12.1%+10.8pp	-23.0%
Current Ratio	24.09+3.9	20.14-3.2	23.39-12.5	35.90-59.3	95.22+38.9	56.36
Debt-to-Equity	0.27-0.0	0.32+0.1	0.23+0.1	0.11-0.0	0.13+2.9	-2.76
FCF Margin	-1055.3%+349594.7pp	-350650.0%-317275.2pp	-33374.8%	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	-804.8%+1118288.6pp	-1119093.3%	N/A	-272500.0%+287125.0pp	-559625.0%-44314.3pp	-515310.7%+68277.3pp	-583588.0%
Net Margin	N/A	-1777.4%+2162716.0pp	-2164493.3%	N/A	-447776.4%+66073.6pp	-513850.0%-73521.4pp	-440328.6%-61980.6pp	-378348.0%
Return on Equity	N/A	-44.8%-8.6pp	-36.1%-26.6pp	-9.6%+17.4pp	-27.0%-8.6pp	-18.4%-4.6pp	-13.8%-4.1pp	-9.7%
Return on Assets	N/A	-29.4%-3.6pp	-25.8%-18.2pp	-7.6%+12.9pp	-20.5%-5.5pp	-14.9%-3.5pp	-11.4%-3.3pp	-8.1%
Current Ratio	24.09+10.5	13.61-3.6	17.23-0.5	17.72-2.4	20.14+4.0	16.12-3.8	19.87-5.0	24.89
Debt-to-Equity	0.27-0.3	0.52+0.1	0.40+0.1	0.26-0.1	0.32+0.1	0.23+0.0	0.20+0.0	0.19
FCF Margin	N/A	-674.3%+790659.1pp	-791333.3%	N/A	-247123.6%+182004.9pp	-429128.6%-45950.0pp	-383178.6%+70901.4pp	-454080.0%

Frequently Asked Questions

What is JOBY-WT's annual revenue?

JOBY-WT (JOBY-WT) reported $53.4M in total revenue for fiscal year 2025. This represents a 39183.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is JOBY-WT's revenue growing?

JOBY-WT (JOBY-WT) revenue grew by 39183.1% year-over-year, from $136K to $53.4M in fiscal year 2025.

Is JOBY-WT profitable?

No, JOBY-WT (JOBY-WT) reported a net income of -$929.8M in fiscal year 2025, with a net profit margin of -1740.5%.

What is JOBY-WT's EBITDA?

JOBY-WT (JOBY-WT) had EBITDA of -$679.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is JOBY-WT's operating margin?

JOBY-WT (JOBY-WT) had an operating margin of -1346.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is JOBY-WT's net profit margin?

JOBY-WT (JOBY-WT) had a net profit margin of -1740.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is JOBY-WT's return on equity (ROE)?

JOBY-WT (JOBY-WT) has a return on equity of -66.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is JOBY-WT's free cash flow?

JOBY-WT (JOBY-WT) generated -$563.8M in free cash flow during fiscal year 2025. This represents a -18.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is JOBY-WT's operating cash flow?

JOBY-WT (JOBY-WT) generated -$509.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are JOBY-WT's total assets?

JOBY-WT (JOBY-WT) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are JOBY-WT's capital expenditures?

JOBY-WT (JOBY-WT) invested $53.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does JOBY-WT spend on research and development?

JOBY-WT (JOBY-WT) invested $581.1M in research and development during fiscal year 2025.

How many shares does JOBY-WT have outstanding?

JOBY-WT (JOBY-WT) had 915M shares outstanding as of fiscal year 2025.

What is JOBY-WT's current ratio?

JOBY-WT (JOBY-WT) had a current ratio of 24.09 as of fiscal year 2025, which is generally considered healthy.

What is JOBY-WT's debt-to-equity ratio?

JOBY-WT (JOBY-WT) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is JOBY-WT's return on assets (ROA)?

JOBY-WT (JOBY-WT) had a return on assets of -51.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is JOBY-WT's cash runway?

Based on fiscal year 2025 data, JOBY-WT (JOBY-WT) had $240.8M in cash against an annual operating cash burn of $509.9M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is JOBY-WT's Piotroski F-Score?

JOBY-WT (JOBY-WT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are JOBY-WT's earnings high quality?

JOBY-WT (JOBY-WT) has an earnings quality ratio of 0.55x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is JOBY-WT?

JOBY-WT (JOBY-WT) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.