Joby Aviation (JOBY) Releases Q4 2025 Earnings: Revenue Beats Estimates, EPS Less Negative

Joby Aviation Inc. (JOBY) — Q4 2025 highlights:

Total revenue: $30.8 million (+55,965.45% year-over-year).

Gross profit: $11.6 million (+34,984.85% year-over-year).

Cost of sales: $19.3 million (+87,436.36% year-over-year).

Operating loss: $206.8 million (+37.97% year-over-year).

Net loss attributable to common shareholders: $121.5 million (-50.65% year-over-year).

Against expectations, revenue came in higher than estimates and earnings per share were less negative than forecasted.

Revenue: actual $30.8 million vs. estimate $17.3 million.

Diluted earnings per share: -0.14 (estimate -0.22).

Balance sheet and cash flow items:

Cash used in operating activities: $153.2 million (+27.11% year-over-year).

Purchases of property, plant and equipment: $13.8 million (-10.45% year-over-year).

Cash and cash equivalents: $240.8 million (+20.63% year-over-year).

Total liabilities: $385.4 million (+32.38% year-over-year).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Joby Aviation Inc. Insider Trading Activity

Joby Aviation Inc. insiders have traded $JOBY stock on the open market 71 times in the past 6 months. Of those trades, 2 have been purchases and 69 have been sales.

Here’s a breakdown of recent trading of $JOBY stock by insiders over the last 6 months:

JOEBEN BEVIRT (CEO and Chief Architect) has made 0 purchases and 12 sales selling 1,577,512 shares for an estimated $19,026,304.
PAUL CAHILL SCIARRA sold 500,001 shares for an estimated $7,150,014
KATE DEHOFF (See Remarks) has made 0 purchases and 13 sales selling 175,662 shares for an estimated $2,573,640.
BONNY W SIMI (President of Operations) has made 0 purchases and 7 sales selling 129,531 shares for an estimated $1,781,025.
ERIC ALLISON (Chief Product Officer) has made 0 purchases and 7 sales selling 104,981 shares for an estimated $1,511,953.
DIDIER PAPADOPOULOS (President of Aircraft OEM) has made 0 purchases and 15 sales selling 75,620 shares for an estimated $1,062,312.
GREGORY BOWLES (Chief Policy Officer) has made 0 purchases and 12 sales selling 60,536 shares for an estimated $810,169.
MICHAEL N. JR. THOMPSON has made 2 purchases buying 1,100 shares for an estimated $14,564 and 0 sales.
RODRIGO BRUMANA (Chief Financial Officer) has made 0 purchases and 2 sales selling 1,033 shares for an estimated $13,136.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Joby Aviation Inc. Hedge Fund Activity

We have seen 274 institutional investors add shares of Joby Aviation Inc. stock to their portfolio, and 228 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

D. E. SHAW & CO., INC. added 8,557,106 shares (+241.1%) to their portfolio in Q4 2025, for an estimated $112,953,799
UBS GROUP AG removed 6,708,413 shares (-46.8%) from their portfolio in Q4 2025, for an estimated $88,551,051
BLACKROCK, INC. added 3,487,224 shares (+9.6%) to their portfolio in Q4 2025, for an estimated $46,031,356
BANK OF AMERICA CORP /DE/ removed 3,066,407 shares (-73.1%) from their portfolio in Q4 2025, for an estimated $40,476,572
VANGUARD GROUP INC added 2,540,382 shares (+5.1%) to their portfolio in Q4 2025, for an estimated $33,533,042
MAN GROUP PLC removed 2,122,403 shares (-85.0%) from their portfolio in Q4 2025, for an estimated $28,015,719
CAPRICORN INVESTMENT GROUP LLC removed 1,799,791 shares (-5.9%) from their portfolio in Q4 2025, for an estimated $23,757,241

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Joby Aviation Inc. Analyst Ratings

Wall Street analysts have issued reports on $JOBY in the last several months. We have seen 1 firms issue buy ratings on the stock, and 2 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Sell" rating on 12/01/2025
Needham issued a "Buy" rating on 11/06/2025
JP Morgan issued a "Underweight" rating on 10/31/2025

To track analyst ratings and price targets for Joby Aviation Inc., check out Quiver Quantitative's $JOBY forecast page.

Joby Aviation Inc. Price Targets

Multiple analysts have issued price targets for $JOBY recently. We have seen 4 analysts offer price targets for $JOBY in the last 6 months, with a median target of $12.5.

Here are some recent targets:

Anthony Valentini from Goldman Sachs set a target price of $10.0 on 12/01/2025
Chris Pierce from Needham set a target price of $22.0 on 11/06/2025
Bill Peterson from JP Morgan set a target price of $8.0 on 10/31/2025
Kristine Liwag from Morgan Stanley set a target price of $15.0 on 10/09/2025