JOBY on NYSE

Joby Aviation

American aviation company

Joby Aviation, Inc. is an American venture-backed aviation company, developing an electric vertical takeoff and landing (eVTOL) aircraft that it intends to operate as an air taxi service.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

2021Founded1

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  • TickerJOBY on NYSE1
  • Industryaerospace industry1
  • HeadquartersSanta Cruz1
  • Websitewww.jobyaviation.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address333 Encinal Street, Santa Cruz, Ca 950605
  • Filer categoryLarge accelerated filer5
  • LEI254900NMVFUM8FO88E564
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 61228684
Joby Aviation S4 experimental eVTOL aircraft at Edwards AFB
Photo: Harlan Huntington, Public domain, via Wikimedia Commons7

Joby Aviation, Inc. is an American venture-backed aviation company, developing an electric vertical takeoff and landing (eVTOL) aircraft that it intends to operate as an air taxi service. Joby Aviation is headquartered in Santa Cruz, California and has offices in San Carlos, California; Marina, California; and Munich, Germany.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-1346.9%Operating margin8
-1740.5%Net margin8
39183.1%Revenue growth, 20258
-66.0%Return on equity8
-$563.8MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Passenger brought in 65% of the revenue Joby Aviation broke down this way in fiscal 2025.

  1. Passenger$34.8M865%
  2. Product and Service, Other$18.6M835%up 13579% from 2024
Products and services by year
Products and services202320242025
Passenger$0$0$34.8M
Product and Service, Other$1.0M$136.0K$18.6M

Regions

United States brought in 67% of the revenue Joby Aviation broke down this way in fiscal 2025.

  1. United States$35.8M867%up 26188% from 2024
  2. Japan$8.1M815%
  3. Europe$6.8M813%
  4. Rest of the world$2.8M85%
Regions by year
Regions202320242025
United States$1.0M$136.0K$35.8M
Japan$0$0$8.1M
Europe$0$0$6.8M
Rest of the world$0$0$2.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development78¢$581.1M
  • Selling, general and admin22¢$162.6M
  • Income tax0¢$1.3M

Out of $53.4M in revenue.8 The company lost money this year.

Financial statements

Revenue9108$53.4M in 2025
0$20.0M$40.0M$60.0M2021: $0$020212022: $0$020222023: $1.0M$1.0M20232024: $136.0K$136.0K2024−87%2025: $53.4M$53.4M2025+39183%
Operating income119108-$719.6M in 2025+444% since 2020
-$800.0M-$600.0M-$400.0M-$200.0M02020: -$132.2M-$132.2M20202021: -$259.1M-$259.1M2021+96%2022: -$392.2M-$392.2M2022+51%2023: -$472.1M-$472.1M2023+20%2024: -$596.8M-$596.8M2024+26%2025: -$719.6M-$719.6M2025+21%
Net income119108-$929.8M in 2025+714% since 2020
-$1.0B-$750.0M-$500.0M-$250.0M02020: -$114.2M-$114.2M20202021: -$180.3M-$180.3M2021+58%2022: -$258.0M-$258.0M2022+43%2023: -$513.0M-$513.0M2023+99%2024: -$608.0M-$608.0M2024+19%2025: -$929.8M-$929.8M2025+53%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Operating expenses:$53.4M$136.0K$1.0M
Cost of Revenue$29.3M$67.0K$200.0K
Research and development$581.1M$477.2M$367.0M
Selling, general and administrative$162.6M$119.7M$105.9M
Total operating expenses$773.0M$596.9M$473.1M
Loss from operations-$719.6M-$596.8M-$472.1M
Interest and other income, net$43.2M$42.8M$45.6M
Loss on common stock issuance in private placement-$40.3M$0$0
Loss from change in fair value of warrants, earnout shares and contingent consideration-$211.8M-$54.0M-$86.4M
Total other loss, net-$208.9M-$11.2M-$40.8M
Loss before income taxes-$928.5M-$607.9M-$512.9M
Income tax expense$1.3M$129.0K$139.0K
Net loss-$929.8M-$608.0M-$513.0M
Net loss per share, basic (in dollars per share)-$1.13-$0.87-$0.79
Net loss per share, diluted (in dollars per share)-$1.13-$0.87-$0.79
Weighted-average common shares outstanding, basic (in shares)826.2M shares699.8M shares647.9M shares
Weighted-average common shares outstanding, diluted (in shares)826.2M shares699.8M shares647.9M shares

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The story

Founded by JoeBen Bevirt in 2021.1

Beginnings

Joby Aviation was founded as Joby Aero on September 11, 2009 as one of several projects incubated by JoeBen Bevirt on his ranch in the Santa Cruz Mountains, using the proceeds from successful exits of previous companies. According to the company's website, the early years were spent exploring different components of electric aviation, including electric motors, flight software, and lithium-ion batteries. The research led Joby to participate in the NASA X-57 Maxwell and LEAPTech projects, before developing its own air taxi concept. Joby's early concept, publicly called the S2, had eight tilting propellers arrayed along the leading edge of its wing and four more tilting propellers mounted on its V-shaped tail. Later, the company moved to a configuration that features six rotating propellers.

By 2015, the company was operating subscale prototypes of its eVTOL aircraft, moving to full-scale unmanned prototypes in 2017, and a production prototype in 2019. In 2018, the company announced a Series B funding round of $100 million, led by Toyota AI Ventures. By 2019, the company was in active conversations with the FAA about certifying the aircraft and announced a partnership with Uber's Elevate division.

For its first ten years, Joby operated in stealth mode, sometimes leading to skepticism of the company's claims. The first journalist granted access to the aircraft in 2018 agreed not to disclose details about the aircraft. In 2020, however, the company began releasing significantly more information, starting with its January announcement of a $590 million funding round, led by Toyota Motor Corporation. At that announcement, the company revealed its production vehicle. In January 2020, Bevirt was a keynote speaker at the meeting of the Vertical Flight Society.

Development

In January 2020, Joby announced plans to manufacture the aircraft in Marina, California at the Marina Municipal Airport. The plans include building a 55,000 square foot production facility, followed by a 500,000 square foot factory. Late in 2020, Joby Aviation acquired Uber Elevate, and the U.S. Air Force announced that it had granted Joby its first eVTOL airworthiness certification as part of its Agility Prime program.

In February 2021, the company announced a partnership with Garmin to provide flight deck equipment and announced that it had obtained a 'G-1' certification basis for its aircraft with the FAA. In May, 2021, a NOVA episode on PBS featured Joby. The city of Marina and the FAA approved the company's plan for a production facility in June 2021. In August 2021, the company announced a 155-mile flight on a single charge in 77 minutes, comparative noise tests against other aircraft and its application for air Part 135 and Part 23 carrier certifications. The battery used an 811 NMC (nickel-manganese-cobalt oxide) cathode and a graphite anode. On August 11, the company went public using a special-purpose acquisition company.

In January 2022, the company registered what it claimed was the fastest eVTOL flight to date, traveling at a true airspeed of 205 mph (330 km/h).

On February 16, 2022, a remotely piloted prototype crashed during a test flight in rural California, sustaining substantial damage. The National Transportation Safety Board determined that the crash and subsequent fire were caused by an in-flight component failure. In April 2022, Joby acquired hydrogen-aviation pioneer H2Fly, a spinoff of the DLR Institute of Engineering Thermodynamics of the German Aerospace Center. In May 2022, Joby received Part 135 air service certification from the FAA, operating a fleet of Cirrus SR22s while it continues seeking certification for its eVTOL aircraft.

On June 28, 2023, the company rolled out the first production version of the aircraft and announced it had received FAA approval to flight test that version, sending its stock price as high as 42% above its previous close in midday trading. The company said the U.S. Air Force will receive early production units in 2024 as part of a $131 million contract, which would be the first ever eVTOL to be delivered to a paying customer.

Read the full text

In September 2023, Joby Aviation delivered its first eVTOL air taxi to Edwards Air Force Base in California. Joby flew its aircraft in Manhattan, New York on November 12, 2023, marking the first eVTOL flight in New York City and the first time Joby has flown in an urban setting. A demonstration flight was performed at the Downtown Manhattan Heliport in conjunction with an announcement by the city of its intention to electrify the facility. The autonomy division of Xwing was acquired by Joby Aviation in June 2024.

On June 24, 2024, Joby Aviation's S4 eVTOL demonstrator, converted to hydrogen-electric power in May, completed a record 523 miles non-stop flight, more than triple the range of the battery powered version. It landed with 10% fuel remaining in its cryogenic fuel tank that had a capacity of 88 lb of liquid hydrogen at 22 Kelvin. The H2Fly-developed ‘H2F-175’ hydrogen fuel cell system provided the power for the six electric rotors of the eVTOL during its flight; a small battery, charged by the fuel cell, provided added takeoff and landing power. The only in-flight emission was water vapor. The same aircraft later flew 561 miles non-stop including a vertical takeoff and landing.

In August 2025, Joby agreed to acquire Blade Air Mobility's passenger rideshare business for $125 million.

On November 7, 2025, Joby Aviation’s hybrid S4-T demonstrator, developed in collaboration with L3Harris Technologies, completed its first flight at the company’s Marina, California test facility. The demonstrator integrates a gas-turbine generator with Joby’s electric vertical take-off and landing platform and has been described as a hybrid aircraft with potential military applications, representing an expansion beyond the company’s all-electric S4 air taxi program.

In January 2026, it was announced that Joby had signed an agreement to acquire a second manufacturing facility in Dayton. The facility, spanning more than 700,000 square feet, is intended to support an increase in aircraft production capacity and to complement the company’s existing manufacturing operations in California and Ohio.

In March 2026, Joby Aviation announced the commencement of flight testing for its first FAA-conforming S4 eVTOL aircraft at its Marina, California facility, an important step toward Type Inspection Authorization (TIA) and eventual commercial certification. The aircraft, identified as N547JX, is the first in a fleet built to FAA-approved designs and will be used to support TIA testing by both Joby and FAA pilots.

eIPP (2026 - 2029)

The Federal Aviation Administration’s Electric Vertical Takeoff and Landing (eVTOL) Integration Pilot Program (eIPP) is a three‑year initiative established to accelerate the safe integration of advanced air mobility (AAM) aircraft into the U.S. National Airspace System and to gather operational data to inform future regulations. Proposals were solicited from state, local, tribal, and territorial governments in partnership with industry participants, with selected pilot projects involving use cases such as air taxi services, regional passenger flights, cargo and logistics operations, emergency medical response, and autonomous flight demonstrations.

In March 2026, Joby Aviation was selected to participate in five of the pilot projects under the eIPP, with opportunities to conduct early operations and demonstrations in regions including the New York/New Jersey area, Texas, Florida, North Carolina, and Utah.

On April 27, 2026, Joby Aviation operated the first point-to-point flight by an eVTOL aircraft in New York City. The demonstration flight took off from John F. Kennedy International Airport and landed at the West 30th Street Heliport. The flight lasted for about 15 minutes and was hosted by the Port Authority of New York and New Jersey, which is leading one of the projects the eIPP.

From Wikipedia’s article on Joby Aviation, shared under CC BY-SA 4.0.6

Leadership

Who has led Joby Aviation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (26)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorAicha Evans named Oct 20, 2022 to Aug 19, 202644
  • DirectorHalimah DeLaine Prado named Oct 15, 2024 to Aug 19, 202644
  • DirectorHalimah Prado named Oct 20, 202245

Products and brands

  • electric aircraft

Listed on Wikidata.1

The Joby air taxi is intended to be a four-passenger commercial aircraft with a pilot, capable of traveling up to 150 miles (240 km) on a single charge at a top speed of 200 mph (320 km/h), with a maximum payload of 1,000 pounds. It is designed to take off and land vertically like a helicopter, and transition to horizontal cruise like a fixed-wing aircraft. Nearly silent in flight, the electric-powered aircraft is designed to operate with no emissions and to be 100 times quieter during takeoff and landing than a helicopter. Joby plans to mass-produce its eVTOL, with a plan to operate a piloted on-demand air-taxi service. The aircraft will be operated as a service with per-trip passenger pricing.

Joby described the Uber Elevate acquisition as a way to accelerate its commercial launch through Elevate's tools and personnel. Elevate had previously operated a service called Uber Copter, which allowed all Uber users in the New York area to book a trip to John F. Kennedy International Airport, with a car taking riders to a heliport and a helicopter then taking riders to the airport. While the service used Bell 430 helicopters with Uber branding, the aircraft were operated by a separate helicopter company, Heliflite. Joby Aviation cited Elevate's software tools enabling market selection, demand simulation and multi-modal operations as the reasons to purchase Elevate, suggesting the acquisition may play a significant role in Joby's commercial service. Joby has not commented on whether it will continue Elevate's plans to launch in Los Angeles, Dallas, and Melbourne.

In Dec 2024 Joby became the first company to fly in Korea’s K-UAM Grand Challenge.

From Wikipedia’s article on Joby Aviation, shared under CC BY-SA 4.0.6

Former names

  • Reinvent Technology PartnersAug 12, 2020 to Aug 6, 20215

Timeline

  1. Dec 15, 2021New chief executive JoeBen Bevirt becomes CEO15
  2. 2021Founded Founded1
  3. Sep 16, 2020New chief executive Michael N. Thompson Jr. becomes CEO16

Filings

1,311 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 76 major events, 665 insider forms, 22 large holders, 3 private raises, 525 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Oct 14, 20264 EDGAR
  3. Oct 13, 2026144 EDGAR
  4. Oct 6, 20264 EDGAR
  5. Oct 6, 20264 EDGAR
  6. Oct 6, 20264 EDGAR
  7. Oct 6, 20264 EDGAR
  8. Oct 6, 20264 EDGAR
  9. Oct 5, 2026144 EDGAR
  10. Oct 5, 20264 EDGAR
  11. Oct 5, 20264 EDGAR
  12. Oct 5, 20264 EDGAR
  13. Oct 5, 20264 EDGAR
  14. Oct 5, 20264 EDGAR
  15. Oct 5, 20264 EDGAR
  16. Oct 5, 20264 EDGAR
  17. Oct 2, 2026144 EDGAR
  18. Oct 2, 2026144 EDGAR
  19. Oct 2, 2026144 EDGAR
  20. Oct 2, 2026144 EDGAR

The 1,311 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

455 open-market trades by officers, directors and large owners since October 2021: 9 buys and 446 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 21, 2026Bowles GregoryChief Policy OfficerSale6,138$6.35$39.0KForm 4
Sep 15, 2026Bevirt JoeBenCEO and Chief ArchitectSale606,667$6.19$3.8MForm 4
Sep 3, 2026Brumana RodrigoChief Financial OfficerSale8,898$6.89$61.3KForm 4
Sep 2, 2026Sciarra Paul CahillDirectorSale62,500$6.68$417.5KForm 4
Sep 2, 2026Brumana RodrigoChief Financial OfficerSale37,831$6.77$256.1KForm 4
Aug 25, 2026Bowles GregoryChief Policy OfficerSale4,575$7.23$33.1KForm 4
Aug 24, 2026Bowles GregoryChief Policy OfficerSale3,531$7.34$25.9KForm 4
Aug 17, 2026Bevirt JoeBenCEO and Chief ArchitectSale596,667$7.87$4.7MForm 4
Aug 13, 2026Sciarra Paul CahillDirectorSale62,500$7.96$497.5KForm 4
Jul 15, 2026Bevirt JoeBenCEO and Chief ArchitectSale596,666$7.75$4.6MForm 4
Jul 14, 2026DeHoff KateSee RemarksSale14,240$7.73$110.1KForm 4
Jul 13, 2026Allison EricChief Product OfficerSale27,932$7.53$210.3KForm 4
Jul 13, 2026DeHoff KateSee RemarksSale8,381$7.53$63.1KForm 4
Jul 6, 2026Bowles GregoryChief Policy OfficerSale4,724$9.10$43.0KForm 4
Jul 2, 2026Simi Bonny WPresident of OperationsSale7,832$8.92$69.9KForm 4
Jul 2, 2026Bowles GregoryChief Policy OfficerSale5,158$8.92$46.0KForm 4
Jul 2, 2026Brumana RodrigoChief Financial OfficerSale2,601$8.92$23.2KForm 4
Jul 2, 2026DeHoff KateSee RemarksSale9,575$8.92$85.4KForm 4
Jul 2, 2026Bevirt JoeBenCEO and Chief ArchitectSale15,788$8.92$140.8KForm 4
Jul 2, 2026Allison EricChief Product OfficerSale9,330$8.92$83.2KForm 4

All 455 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 8, 2026Filed a private offering of equity Form D: $50 million offered in all Form D
  2. Oct 1, 2024Raised $500 million in a private offering of equity Form D: 1 investor so far Form D
  3. Oct 7, 2022Raised $60 million in a private offering of equity Form D: 1 investor so far Form D

Sources

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