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Joby Aviation, Inc. (JOBY-WT) Stock Fundamental Analysis & AI Rating 2026

JOBY-WT NYSE Aircraft DE CIK: 0001819848
Recently Updated • Analysis: Apr 11, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
79% Confidence
STRONG AGREEMENT
SELL
82% Conf
SELL
76% Conf

📊 JOBY-WT Key Takeaways

Revenue: $53.4M
Net Margin: -1,740.5%
Free Cash Flow: $-563.8M
Current Ratio: 24.09x
Debt/Equity: 0.00x
EPS: $-1.13
AI Rating: SELL with 82% confidence
Joby Aviation, Inc. (JOBY-WT) receives a SELL rating with 79% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $53.4M, net profit margin of -1,740.5%, and return on equity (ROE) of -66.0%, Joby Aviation, Inc. demonstrates mixed fundamentals in the Automotive sector. Below is our complete JOBY-WT stock analysis for 2026.

Is Joby Aviation, Inc. (JOBY-WT) a Good Investment?

Claude

Joby Aviation demonstrates early commercial traction with $53.4M in revenue, but faces critical financial distress with $563.8M in annual free cash flow burn against only $240.8M in cash reserves, providing approximately five months of runway. Without immediate profitability or capital raises, the company faces severe solvency risk despite maintaining a strong balance sheet.

ChatGPT

Fundamentals show nascent revenue but extremely negative profitability and cash burn, with operating and net margins deeply underwater. Liquidity is strong (very high current ratio, no debt), which provides runway, but the scale of losses relative to cash implies a high likelihood of additional financing before reaching sustainable economics.

Why Buy Joby Aviation, Inc. Stock? JOBY-WT Key Strengths

Claude
  • + Strong balance sheet with $1.4B stockholders' equity and minimal leverage (0.00x debt-to-equity)
  • + Exceptional liquidity with 24x current ratio and $240.8M cash providing near-term flexibility
  • + Revenue generation of $53.4M demonstrates early commercialization success in eVTOL technology
  • + $1.8B in total assets provides substantial infrastructure and operational capacity
ChatGPT
  • + Very strong liquidity (24x current/quick)
  • + No long-term debt and sizable equity base
  • + Sharp revenue growth off a minimal base

JOBY-WT Stock Risks: Joby Aviation, Inc. Investment Risks

Claude
  • ! Catastrophic cash burn rate of $563.8M annually creates <6 month solvency runway
  • ! Operating losses of $719.6M and net losses of $929.8M with negative operating margin of -1346.9%
  • ! No visible path to profitability; company losing $1,740 for every dollar of revenue generated
  • ! Early-stage aerospace manufacturing with binary execution risk and regulatory uncertainties
  • ! Significant insider trading activity (57 Form 4 filings) suggests insider selling concerns
ChatGPT
  • ! Severe operating and net losses with no gross margin visibility
  • ! Heavy negative free cash flow relative to cash on hand, implying dilution risk
  • ! Uncertain path to scalable unit economics and margin improvement

Key Metrics to Watch

Claude
  • * Remaining cash runway and capital raise announcements
  • * Operating cash flow trajectory and burn rate deceleration
  • * Revenue growth rate relative to operating expense reduction
  • * Path to production scale and timeline to positive unit economics
ChatGPT
  • * Quarterly operating cash burn and cash runway
  • * Emergence of gross margin and operating margin improvement

Joby Aviation, Inc. (JOBY-WT) Financial Metrics & Key Ratios

Revenue
$53.4M
Net Income
$-929.8M
EPS (Diluted)
$-1.13
Free Cash Flow
$-563.8M
Total Assets
$1.8B
Cash Position
$240.8M

💡 AI Analyst Insight

Strong liquidity with a 24.09x current ratio provides a solid financial cushion.

JOBY-WT Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -1,346.9%
Net Margin -1,740.5%
ROE -66.0%
ROA -51.8%
FCF Margin -1,055.3%

JOBY-WT vs Automotive Sector: How Joby Aviation, Inc. Compares

How Joby Aviation, Inc. compares to Automotive sector averages

Net Margin
JOBY-WT -1,740.5%
vs
Sector Avg 6.0%
JOBY-WT Sector
ROE
JOBY-WT -66.0%
vs
Sector Avg 12.0%
JOBY-WT Sector
Current Ratio
JOBY-WT 24.1x
vs
Sector Avg 1.2x
JOBY-WT Sector
Debt/Equity
JOBY-WT 0.0x
vs
Sector Avg 1.0x
JOBY-WT Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Joby Aviation, Inc. Stock Overvalued? JOBY-WT Valuation Analysis 2026

Based on fundamental analysis, Joby Aviation, Inc. has mixed fundamental signals relative to the Automotive sector in 2026.

Return on Equity
-66.0%
Sector avg: 12%
Net Profit Margin
-1,740.5%
Sector avg: 6%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Joby Aviation, Inc. Balance Sheet: JOBY-WT Debt, Cash & Liquidity

Current Ratio
24.09x
Quick Ratio
24.09x
Debt/Equity
0.00x
Debt/Assets
21.5%
Interest Coverage
-6,098.23x
Long-term Debt
N/A

JOBY-WT Revenue & Earnings Growth: 5-Year Financial Trend

JOBY-WT 5-year financial data: Year 2023: Revenue $1.0M, Net Income -$180.3M, EPS $-0.61. Year 2024: Revenue $1.0M, Net Income -$258.0M, EPS $-0.44. Year 2025: Revenue $53.4M, Net Income -$513.1M, EPS $-0.79.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Joby Aviation, Inc.'s revenue has grown significantly by 5,077% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.79 indicates the company is currently unprofitable.

JOBY-WT Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-1,055.3%
Free cash flow / Revenue

JOBY-WT Quarterly Earnings & Performance

Quarterly financial performance data for Joby Aviation, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $28.0K -$82.4M $-0.21
Q2 2025 $15.0K -$82.4M $-0.18
Q1 2025 N/A -$82.4M $-0.11
Q3 2024 N/A $1.5M $0.00
Q2 2024 N/A -$94.6M $-0.18
Q1 2024 N/A -$94.6M $-0.14

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Joby Aviation, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$509.9M
Cash generated from operations
Stock Buybacks
$85.0K
Shares repurchased (TTM)
Capital Expenditures
$53.9M
Investment in assets
Dividends
None
No dividend program

JOBY-WT SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Joby Aviation, Inc. (CIK: 0001819848)

📋 Recent SEC Filings

Date Form Document Action
Apr 14, 2026 4 xslF345X06/wk-form4_1776201710.xml View →
Apr 14, 2026 4 xslF345X06/wk-form4_1776201703.xml View →
Apr 10, 2026 4 xslF345X06/wk-form4_1775851803.xml View →
Apr 9, 2026 4 xslF345X06/wk-form4_1775765759.xml View →
Apr 9, 2026 4 xslF345X06/wk-form4_1775765753.xml View →

Frequently Asked Questions about JOBY-WT

What is the AI rating for JOBY-WT?

Joby Aviation, Inc. (JOBY-WT) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 79% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are JOBY-WT's key strengths?

Claude: Strong balance sheet with $1.4B stockholders' equity and minimal leverage (0.00x debt-to-equity). Exceptional liquidity with 24x current ratio and $240.8M cash providing near-term flexibility. ChatGPT: Very strong liquidity (24x current/quick). No long-term debt and sizable equity base.

What are the risks of investing in JOBY-WT?

Claude: Catastrophic cash burn rate of $563.8M annually creates <6 month solvency runway. Operating losses of $719.6M and net losses of $929.8M with negative operating margin of -1346.9%. ChatGPT: Severe operating and net losses with no gross margin visibility. Heavy negative free cash flow relative to cash on hand, implying dilution risk.

What is JOBY-WT's revenue and growth?

Joby Aviation, Inc. reported revenue of $53.4M.

Does JOBY-WT pay dividends?

Joby Aviation, Inc. does not currently pay dividends.

Where can I find JOBY-WT SEC filings?

Official SEC filings for Joby Aviation, Inc. (CIK: 0001819848) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is JOBY-WT's EPS?

Joby Aviation, Inc. has a diluted EPS of $-1.13.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is JOBY-WT a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Joby Aviation, Inc. has a SELL rating with 79% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is JOBY-WT stock overvalued or undervalued?

Valuation metrics for JOBY-WT: ROE of -66.0% (sector avg: 12%), net margin of -1,740.5% (sector avg: 6%). Compare these metrics with sector averages to assess valuation.

Should I buy JOBY-WT stock in 2026?

Our dual AI analysis gives Joby Aviation, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is JOBY-WT's free cash flow?

Joby Aviation, Inc.'s operating cash flow is $-509.9M, with capital expenditures of $53.9M. FCF margin is -1,055.3%.

How does JOBY-WT compare to other Automotive stocks?

Vs Automotive sector averages: Net margin -1,740.5% (avg: 6%), ROE -66.0% (avg: 12%), current ratio 24.09 (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 11, 2026 | Data as of: 2025-12-31 | Powered by Claude AI