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Joby Aviation JOBY Stock-Based Comp

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Segments

By segment

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Flight Services$44.05M+63.0%

Other financials

Income statement

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Revenue$24.2M
Operating income-$233.6M-43.1%
Net income-$110.0M-33.4%
EPS (diluted)-$0.12-9.1%

Balance sheet

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Cash & equivalents$875.4M+611%
Total debt$747.7M+2,265%
Total equity$2.0B+128%
Total assets$2.9B+170%

Cash flow

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Operating cash flow-$144.4M-30.2%
CapEx$77.9M+421%
Free cash flow-$222.4M-76.6%

Valuation

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Market cap$8.14B-48.9%
Enterprise value$8.01B-48.7%
P/S104.8×-162,446×

Profitability

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Operating margin-1,017%-508pp
Net margin-1,232.6%-616pp
FCF margin-850.1%-425pp

Returns & leverage

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Return on equity-68%+3.3pp
Debt / equity0.4×+0.3×
Current ratio22.1×+4.3×

Where this comes from

Reported directly by Joby Aviation in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

The source filing: Joby Aviation’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:26 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001819848-26-000324
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Net loss$(109,950)$(82,406)
Reconciliation of net loss to net cash used in operating activities:
Depreciation and amortization expense10,9889,132
Stock-based compensation expense44,04527,019
Gain from change in the fair value of warrants, earnout shares and contingent consideration, net(106,014)(71,020)
Non-cash interest expense, and amortization of debt discount and issuance costs685
Net accretion and amortization of investments in marketable debt securities(1,546)(3,698)
Changes in operating assets and liabilities

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Joby Aviation's stock-based comp?
Joby Aviation (JOBY) reported stock-based comp of $44.05M in Q1 2026.
How has Joby Aviation's stock-based comp changed year-over-year?
Joby Aviation's stock-based comp increased by 63.0% year-over-year, from $27.02M to $44.05M.
What is the long-term trend for Joby Aviation's stock-based comp?
Over 4 years (2021 to 2025), Joby Aviation's stock-based comp has grown at a 47.6% compound annual growth rate (CAGR), from $26.93M to $127.89M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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