Joby Aviation Surprises with Q4 Earnings Beat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy JOBY?
Source: NASDAQ.COM
- Earnings Surprise: Joby Aviation reported a Q4 loss of $0.14 per share, significantly better than the expected $0.23 loss, with revenues reaching $30.8 million, nearly double analysts' forecasts, indicating substantial revenue growth.
- Significant Revenue Growth: Joby's sales skyrocketed from just $55,000 last year to $30.8 million this quarter, a staggering 55,900% increase, and despite a 58.5% rise in operating costs, the total quarterly loss was reduced to $121.5 million, reflecting effective cost management.
- Strong Cash Position: By the end of 2025, Joby had $1.4 billion in cash and equivalents, with total cash burn for the year at $563.8 million (up 18% year-over-year), providing sufficient runway for at least two more years of operations and ensuring financial stability.
- Cautious Future Outlook: While Joby anticipates a pivotal inflection point in 2026, analysts generally do not expect the company to achieve profitability before 2032, with CEO JoeBen Bevirt expressing optimism but acknowledging the urgency of the situation.
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Analyst Views on JOBY
Wall Street analysts forecast JOBY stock price to rise
6 Analyst Rating
1 Buy
3 Hold
2 Sell
Hold
Current: 9.820
Low
8.00
Averages
15.67
High
22.00
Current: 9.820
Low
8.00
Averages
15.67
High
22.00
About JOBY
Joby Aviation, Inc. is a transportation company developing an all-electric, vertical take-off and landing air taxi. The Company is engaged in designing and testing a piloted all-electric, vertical take-off and landing (eVTOL) aircraft. The Joby eVTOL is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 miles per hour (mph). The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The Company plans to manufacture, own and operate its aircraft itself, building a vertically integrated transportation company that delivers transportation services to customers, including government agencies such as the United States Air Force (USAF) through sales or contracted operations, and to individual end-users through a convenient app-based aerial ridesharing service. It also offers a network of terminals and loyal flyers in markets like New York and in Southern Europe.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Highlights: Joby Aviation reported a Q4 GAAP EPS of -$0.14, beating the expected -$0.21, indicating improvements in cost management that may bolster investor confidence.
- Revenue Surge: The company achieved Q4 revenue of $30.84 million, surpassing the forecast of $16.90 million, suggesting a rising market demand in urban air mobility that could lay the groundwork for future profitability.
- Stock Reaction: Following the earnings release, Joby Aviation's shares rose 3.87% in after-hours trading, reflecting a positive market response to its financial performance, which may attract more investor interest.
- Market Outlook: As the potential of urban air mobility gains recognition, Joby Aviation's performance may draw speculative investors, further advancing its strategic positioning in this emerging market.
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- Earnings Surprise: Joby Aviation reported a Q4 loss of $0.14 per share with revenues of $30.8 million, significantly exceeding analysts' expectations of a $0.23 loss and $16.2 million in sales, indicating strong growth potential in the electric air taxi market.
- Remarkable Sales Growth: Joby's sales skyrocketed 55,900% compared to last year's $55,000, and despite a 58.5% increase in operating costs, the quarterly loss of $121.5 million was less than half of last year's, reflecting improved cost management.
- Strong Cash Position: By the end of 2025, Joby had $1.4 billion in cash and equivalents, with total cash burn of $563.8 million, up 18% year-over-year, providing sufficient runway for at least two years of operations to support future expansion plans.
- Optimistic Future Outlook: Joby anticipates a key inflection point in 2026, with plans to begin passenger flights this year in Dubai, although analysts generally do not expect profitability before 2032, highlighting the challenges ahead for this air travel pioneer.
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- Earnings Surprise: Joby Aviation reported a Q4 loss of $0.14 per share, significantly better than the expected $0.23 loss, with revenues reaching $30.8 million, nearly double analysts' forecasts, indicating substantial revenue growth.
- Significant Revenue Growth: Joby's sales skyrocketed from just $55,000 last year to $30.8 million this quarter, a staggering 55,900% increase, and despite a 58.5% rise in operating costs, the total quarterly loss was reduced to $121.5 million, reflecting effective cost management.
- Strong Cash Position: By the end of 2025, Joby had $1.4 billion in cash and equivalents, with total cash burn for the year at $563.8 million (up 18% year-over-year), providing sufficient runway for at least two more years of operations and ensuring financial stability.
- Cautious Future Outlook: While Joby anticipates a pivotal inflection point in 2026, analysts generally do not expect the company to achieve profitability before 2032, with CEO JoeBen Bevirt expressing optimism but acknowledging the urgency of the situation.
See More
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Overall Market Sentiment: The significant gains in these stocks indicate positive market sentiment ahead of the opening.
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