Joby Aviation Inc

For the period ended Dec 31, 2023. Filed Feb 27, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 27, 2024

JOBY$5.92-4.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except share and per share data)

	Year Ended December 31,
	2023	2022	2021
Revenue:
Flight services	$1,032	$—	$—
Operating expenses:
Flight services	200	—	—
Research and development (including related party purchases of $1,667, $1,600 and $2,339 for the years ended December 31, 2023, 2022, and 2021 respectively)	367,049	296,281	197,568
Selling, general and administrative (including related party purchases of $286, $360 and $533 for the years ended December 31, 2023, 2022 and 2021 respectively)	105,877	95,922	61,521
Total operating expenses	473,126	392,203	259,089
Loss from operations	(472,094)	(392,203)	(259,089)
Interest and other income (loss), net	45,561	16,787	(1,278)
Income from equity method investment	—	19,463	29,405
Transaction expenses related to merger	—	—	(9,087)
Gain (loss) from change in fair value of warrants and earnout shares	(86,378)	98,002	49,853
Convertible note extinguishment loss	—	—	(665)
Total other income (loss), net	(40,817)	134,252	68,228
Loss before income taxes	(512,911)	(257,951)	(190,861)
Income tax expense (benefit)	139	92	(10,537)
Net loss	$(513,050)	$(258,043)	$(180,324)
Net loss per share, basic and diluted	$(0.79)	$(0.44)	$(0.61)
Weighted-average common shares outstanding, basic and diluted	647,907,598	585,544,043	294,851,732

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.