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Joby Aviation JOBY Q4 2025 Annual earnings

Reported February 25, 2026 · After market close

Revenue$30.8MBeat by $14.7M
EPS-$0.20In line
Revenue estimate$16.2M
EPS estimate-$0.20

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$37.2M
EPS estimate-$0.26

Financials

Q4 2025

Income statement

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Revenue$30.8M+55,965%
Operating income-$206.8M-38.0%
Net income-$121.5M+50.7%
EPS (diluted)-$0.12+64.7%

Balance sheet

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Cash & equivalents$241.7M+20.6%
Total debt$46.5M+15.7%
Total equity$1.4B+54.5%
Total assets$1.8B+49.2%

Cash flow

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Operating cash flow-$153.2M-27.1%
CapEx$13.8M-10.4%
Free cash flow-$167.0M-22.9%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$12.04B+93.5%
Enterprise value$11.84B+95.4%
P/S225.3×-45,511×

Profitability

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Operating margin-1,346.9%-672pp
Net margin-1,740.5%-869pp
FCF margin-1,055.3%-527pp

Returns & leverage

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Return on equity-80.1%+31.5pp
Debt / equity0×0.0×
Current ratio24.1×+3.9×

Segments

By segment

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Flight Services$30.8M+90,594%

By product

See full
Passenger$21.2M—

FAQ

When did Joby Aviation report Q4 2025 earnings?
Joby Aviation (JOBY) reported Q4 2025 earnings on February 25, 2026 after market close.
What were Joby Aviation's Q4 2025 revenue and EPS?
Joby Aviation reported revenue of $30.8M and eps of $-0.20 for Q4 2025.
Did Joby Aviation beat estimates in Q4 2025?
Revenue beat the consensus estimate of $16.2M by $14.7M. EPS beat the consensus estimate of $-0.20 by $0.00.
How did Joby Aviation's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 55965.5% from $55.0K a year earlier and eps declined 5.3% from $-0.19.
Where can I find Joby Aviation's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001819848-26-000154) and the 10-K periodic report (0001819848-26-000160) directly on SEC EDGAR. The filing index links above go to sec.gov.