Joby Aviation, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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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.
FY2025 · Filed Feb 27, 2026
JOBY$5.92-4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $53,425 | $136 | $1,032 |
| Operating expenses: | |||
| Cost of Revenue | 29,328 | 67 | 200 |
| Research and development | 581,101 | 477,156 | 367,049 |
| Selling, general and administrative | 162,587 | 119,667 | 105,877 |
| Total operating expenses | 773,016 | 596,890 | 473,126 |
| Loss from operations | (719,591) | (596,754) | (472,094) |
| Interest and other income, net | 43,164 | 42,822 | 45,561 |
| Loss on common stock issuance in private placement | (40,258) | — | — |
| Loss from change in fair value of warrants, earnout shares and contingent consideration | (211,850) | (53,973) | (86,378) |
| Total other loss, net | (208,944) | (11,151) | (40,817) |
| Loss before income taxes | (928,535) | (607,905) | (512,911) |
| Income tax expense | 1,307 | 129 | 139 |
| Net loss | $(929,842) | $(608,034) | $(513,050) |
| Net loss per share, basic and diluted | $(1.13) | $(0.87) | $(0.79) |
| Weighted-average common shares outstanding, basic and diluted | 826,240,955 | 699,794,747 | 647,907,598 |
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