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

FY2025 annual

Revenue $53.4M +39183.1% YoY

Net Income -$929.8M -52.9% YoY

EPS (Diluted) -$1.13 -29.9% YoY

Free Cash Flow -$563.8M -18.2% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the JOBY-WT SEC filings page.

JOBY-WT (JOBY-WT) reported $53.4M in revenue for fiscal year 2025, up 39183.1% from the prior fiscal year. This page shows its 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 2026-10-03

The business remains development-stage: external financing expands the balance sheet while operating spending still vastly exceeds reported revenue.

Revenue reached $53.4M in FY2025 from $1.0M in FY2023, but that emerging revenue base has not yet changed the company’s cost structure. Operating cash outflow widened from $313.8M to $509.9M over the same period, while the $563.8M free-cash-flow shortfall exceeded the $509.9M operating outflow, showing that reinvestment adds to the cash burden beyond ongoing operations.

The 2025 balance sheet is asset-heavy but lightly debt-funded: assets were $1.8B against liabilities of $385.4M. Debt-to-equity was 0.0x, while financing provided $1.0B, pointing to funding through equity or other financing rather than long-term borrowing.

The spending mix identifies the business as research-led: research and development cost $581.1M versus $162.6M of selling, general and administrative expense. Shares outstanding increased from 784.2M in FY2024 to 915.1M in FY2025, consistent with financing that expands the capital base while diluting ownership per share.

Financial Health Signals

Financial health score not available

JOBY-WT does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/7

JOBY-WT passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

JOBY-WT reported a net loss of $929.8M while operations used $509.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$38.6M

YoY+257493.3%

QoQ+59.4%

JOBY-WT generated $38.6M in revenue in Q2 2026. This represents an increase of 257493.3% from the same quarter a year earlier. Against the prior quarter it is up 59.4%.

EBITDA

-$251.1M

YoY-57.6%

QoQ-12.8%

JOBY-WT's EBITDA was -$251.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 57.6% from the same quarter a year earlier. Against the prior quarter it is down 12.8%.

Net Income

-$245.4M

YoY+24.4%

QoQ-123.2%

JOBY-WT reported -$245.4M in net income in Q2 2026. This represents an increase of 24.4% from the same quarter a year earlier. Against the prior quarter it is down 123.2%.

EPS (Diluted)

-$0.25

YoY+39.0%

QoQ-108.3%

JOBY-WT earned -$0.25 per diluted share (EPS) in Q2 2026. This represents an increase of 39.0% from the same quarter a year earlier. Against the prior quarter it is down 108.3%.

Cash & Balance Sheet

Free Cash Flow

-$201.8M

YoY-70.0%

QoQ+9.3%

JOBY-WT recorded an outflow of $201.8M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 70.0% from the same quarter a year earlier. Against the prior quarter it is up 9.3%.

Cash & Debt

$629.9M

YoY+87.3%

QoQ-28.0%

5Y CAGR+70.1%

JOBY-WT held $629.9M in cash against $701.9M in long-term debt as of Q2 2026.

Shares Outstanding

989M

YoY+15.6%

QoQ+0.6%

5Y CAGR+10.4%

JOBY-WT had 989M shares outstanding in Q2 2026. This represents an increase of 15.6% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Return on Equity

-13.9%

YoY+22.3pp

QoQ-8.3pp

JOBY-WT's ROE was -13.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 22.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.3 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending

$194.7M

YoY+42.7%

QoQ+9.7%

JOBY-WT invested $194.7M in research and development in Q2 2026. This represents an increase of 42.7% from the same quarter a year earlier. Against the prior quarter it is up 9.7%.

Capital Expenditures

$28.6M

YoY+136.0%

QoQ-63.2%

5Y CAGR+24.9%

JOBY-WT invested $28.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 136.0% from the same quarter a year earlier. Against the prior quarter it is down 63.2%.

Share Buybacks

Not reported for Q2 2026.

JOBY-WT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JOBY-WT quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Revenue	N/A	$53.4M+39183.1%	$136K-86.8%	$1.0M	$0	$0	N/A
R&D Expenses	N/A	$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	N/A	$162.6M+35.9%	$119.7M+13.0%	$105.9M+10.4%	$95.9M+55.9%	$61.5M+161.8%	$23.5M
Operating Income	N/A	-$719.6M-20.6%	-$596.8M-26.4%	-$472.1M-20.4%	-$392.2M-51.4%	-$259.1M-95.9%	-$132.2M
EBITDA	N/A	-$679.4M-21.1%	-$561.2M-27.1%	-$441.6M-19.9%	-$368.2M-51.4%	-$243.1M-94.8%	-$124.8M
Interest Expense	N/A	N/A	N/A	N/A	$118K-95.1%	$2.4M+874.3%	$249K
Income Tax	N/A	$1.3M+913.2%	$129K-7.2%	$139K+51.1%	$92K+100.9%	-$10.5M-34090.3%	$31K
Net Income	N/A	-$929.8M-52.9%	-$608.0M-18.5%	-$513.0M-98.8%	-$258.0M-43.1%	-$180.3M-58.0%	-$114.2M
EPS (Basic)	N/A	-$1.13-29.9%	-$0.87-10.1%	-$0.79-79.5%	-$0.44+27.9%	-$0.61+44.5%	-$1.10
EPS (Diluted)	—	-$1.13-29.9%	-$0.87-10.1%	-$0.79-79.5%	-$0.44	-$0.61	-$1.10
Diluted Shares (Avg)	N/A	826M+18.1%	700M+8.0%	648M+10.7%	586M	295M	104M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$38.6M+257493.3%	$24.2M	N/A	$22.6M+80521.4%	$15K-46.4%	$0-100.0%	$55K	$28K
R&D Expenses	$194.7M+42.7%	$177.5M+32.2%	N/A	$149.2M+18.3%	$136.4M+20.7%	$134.3M+16.1%	$122.4M	$126.1M+25.4%
SG&A Expenses	$76.6M+143.2%	$61.6M+112.3%	N/A	$45.0M+47.3%	$31.5M+0.6%	$29.0M-4.2%	$27.5M	$30.6M+10.7%
Operating Income	-$260.9M-55.4%	-$233.6M-43.1%	N/A	-$181.7M-15.9%	-$167.9M-16.3%	-$163.3M-11.9%	-$149.9M	-$156.7M-22.3%
EBITDA	-$251.1M-57.6%	-$222.6M-44.4%	N/A	-$171.5M-16.0%	-$159.4M-17.5%	-$154.2M-12.2%	-$140.4M	-$147.8M-22.7%
Income Tax	$142K+34.0%	$168K+320.0%	N/A	$83K-85.0%	$106K+960.0%	$40K+11.1%	-$470K	$553K+1875.0%
Net Income	-$245.4M+24.4%	-$110.0M-33.4%	N/A	-$401.2M-178.9%	-$324.7M-163.3%	-$82.4M+12.9%	-$246.3M	-$143.9M-9534.6%
EPS (Basic)	-$0.25+39.0%	-$0.12-9.1%	N/A	-$0.48-128.6%	-$0.41-127.8%	-$0.11+21.4%	N/A	-$0.21
EPS (Diluted)	-$0.25+39.0%	-$0.12-9.1%	N/A	-$0.48-128.6%	-$0.41-127.8%	-$0.11+21.4%	N/A	-$0.21
Diluted Shares (Avg)	970M+21.7%	944M+23.0%	N/A	845M+21.5%	797M+15.6%	767M+12.5%	N/A	695M+0.5%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense.

JOBY-WT Balance Sheet

JOBY-WT quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
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
Short-Term Investments	$1.2B	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
Non-Current Liabilities	$325.3M+33.9%	$243.0M+27.9%	$189.9M+93.7%	$98.0M-37.9%	$157.7M-79.6%	$772.4M
Long-Term Debt	$0	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	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.8B+118.4%	$2.9B+170.1%	$1.8B+49.2%	$1.4B+41.7%	$1.3B+16.9%	$1.1B-6.9%	$1.2B-5.2%	$964.3M-28.6%
Current Assets	$2.3B+128.3%	$2.5B+198.5%	$1.4B+49.1%	$1.0B+38.1%	$1.0B+18.3%	$841.5M-11.6%	$969.6M-8.2%	$737.8M-35.2%
Cash & Equivalents	$629.9M+87.3%	$874.5M+615.1%	$240.8M+20.6%	$208.4M+36.8%	$336.3M+92.1%	$122.3M+10.6%	$199.6M-2.2%	$152.3M-68.3%
Goodwill	$89.4M+524.1%	$89.4M+524.1%	$89.4M+524.4%	$90.4M+531.2%	$14.3M0.0%	$14.3M+2.2%	$14.3M+2.2%	$14.3M+2.2%
Total Liabilities	$985.5M+172.5%	$969.9M+331.9%	$385.4M+32.4%	$469.9M+156.4%	$361.6M+97.3%	$224.6M+18.7%	$291.1M+23.8%	$183.2M-23.7%
Current Liabilities	$128.9M+118.8%	$113.9M+139.8%	$60.0M+24.7%	$74.9M+63.6%	$58.9M+36.5%	$47.5M+24.2%	$48.1M+6.6%	$45.8M-8.4%
Non-Current Liabilities	$856.6M+183.0%	$856.1M+383.4%	$325.3M+33.9%	$395.0M+187.4%	$302.7M+116.1%	$177.1M+17.3%	$243.0M+27.9%	$137.5M-27.8%
Long-Term Debt	$701.9M	$701.1M	$0	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.8B+96.7%	$2.0B+127.8%	$1.4B+54.5%	$896.5M+14.8%	$898.3M+0.4%	$859.4M-11.9%	$912.4M-11.8%	$781.0M-29.6%
Retained Earnings	-$3.1B-38.8%	-$2.9B-49.4%	-$2.8B-50.1%	-$2.7B-65.5%	-$2.3B-54.4%	-$1.9B-44.4%	-$1.9B-48.7%	-$1.6B-42.1%

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments.

JOBY-WT Cash Flow Statement

JOBY-WT quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Operating Cash Flow	-$609.9M	-$509.9M-16.9%	-$436.3M-39.0%	-$313.8M-33.0%	-$235.9M-20.5%	-$195.7M-84.8%	-$105.9M
Depreciation & Amortization	N/A	$40.2M+12.9%	$35.6M+16.7%	$30.5M+27.1%	$24.0M+50.5%	$15.9M+115.3%	$7.4M
Stock-Based Compensation	N/A	$127.9M+22.4%	$104.4M+11.5%	$93.6M+35.6%	$69.1M+156.5%	$26.9M+274.8%	$7.2M
Capital Expenditures	$133.4M	$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	-$743.3M	-$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	-$1.1B	-$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	$2.0B	$1.0B+184.3%	$361.1M+25.3%	$288.2M+376.8%	$60.5M-94.5%	$1.1B+1478.7%	$69.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$173.1M-62.5%	-$144.4M-30.2%	-$153.2M-27.1%	-$139.2M-26.2%	-$106.6M-7.8%	-$111.0M-4.1%	-$120.5M-44.6%	-$110.3M-37.6%
Depreciation & Amortization	$9.8M+15.3%	$11.0M+20.3%	N/A	$10.2M+14.6%	$8.5M-2.3%	$9.1M+7.3%	$9.5M	$8.9M+15.6%
Stock-Based Compensation	$52.0M+95.7%	$44.0M+63.0%	N/A	$32.9M+20.0%	$26.6M-6.4%	$27.0M0.0%	N/A	$27.4M+0.5%
Capital Expenditures	$28.6M+136.0%	$77.9M+421.1%	$13.8M-10.4%	$13.0M+32.1%	$12.1M+43.6%	$15.0M+117.2%	$15.4M+96.0%	$9.9M+14.8%
Free Cash Flow	-$201.8M-70.0%	-$222.4M-76.6%	-$167.0M-22.9%	-$152.2M-26.7%	-$118.7M-10.6%	-$125.9M-10.9%	-$135.9M-49.0%	-$120.2M-35.4%
Investing Cash Flow	-$73.8M-400.6%	-$505.5M-1700.1%	-$408.5M-116.6%	-$123.1M-239.6%	$24.6M-84.5%	$31.6M+150.2%	-$188.6M+4.0%	$88.1M-50.5%
Financing Cash Flow	$7.7M-97.4%	$1.3B+62728.5%	$594.0M+66.6%	$134.7M+21372.0%	$296.0M+6137.1%	$2.0M+279.7%	$356.5M+10421.4%	-$633K-1878.1%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

JOBY-WT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JOBY-WT quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Operating Margin	-1346.9%	-438789.7%	-45745.5%	N/A	N/A	N/A
Net Margin	-1740.5%	-447083.8%	-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+3.9x	20.14-3.2x	23.39-12.5x	35.90-59.3x	95.22+38.9x	56.36
Debt-to-Equity	0.00-0.3x	0.32+0.1x	0.23+0.1x	0.110.0x	0.13	N/A
Asset Turnover	0.030.0x	0.000.0x	0.000.0x	0.000.0x	0.00	N/A
FCF Margin	-1055.3%	-350650.0%	-33374.8%	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	-675.2%	-963.4%	N/A	-804.8%	-1119093.3%	N/A	-272500.0%	-559625.0%
Net Margin	-635.2%	-453.5%	N/A	-1777.4%	-2164493.3%	N/A	-447776.4%	-513850.0%
Return on Equity	-13.9%+22.3pp	-5.6%+4.0pp	N/A	-44.8%-26.3pp	-36.1%-22.4pp	-9.6%+0.1pp	-27.0%	-18.4%-18.6pp
Return on Assets	-8.9%+16.8pp	-3.8%+3.8pp	N/A	-29.4%-14.5pp	-25.8%-14.3pp	-7.6%+0.5pp	-20.5%	-14.9%-15.0pp
Current Ratio	17.98+0.8x	22.05+4.3x	24.09+3.9x	13.61-2.5x	17.23-2.6x	17.72-7.2x	20.14-3.2x	16.12-6.7x
Debt-to-Equity	0.400.0x	0.36+0.1x	0.00-0.3x	0.52+0.3x	0.40+0.2x	0.26+0.1x	0.32+0.1x	0.230.0x
Asset Turnover	0.010.0x	0.010.0x	N/A	0.020.0x	0.000.0x	0.000.0x	0.00	0.000.0x
FCF Margin	-522.2%	-917.1%	N/A	-674.3%	-791333.3%	N/A	-247123.6%	-429128.6%

Not reported in any period shown, so not listed: Gross Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Where JOBY-WT Ranks

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.

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.

How much debt does JOBY-WT have?

As of fiscal year 2025, JOBY-WT (JOBY-WT) had $240.8M in cash and equivalents against $0 in long-term debt.

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) recorded an outflow of $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) recorded an outflow of $509.9M in operating cash flow during fiscal year 2025, representing cash used by 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 0.00 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 Piotroski F-Score?

JOBY-WT (JOBY-WT) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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) reported a net loss of $929.8M while operations used $509.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.