Joby Aviation, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
JOBY$5.92-4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(109,950) | $(82,406) |
| Reconciliation of net loss to net cash used in operating activities: | ||
| Depreciation and amortization expense | 10,988 | 9,132 |
| Stock-based compensation expense | 44,045 | 27,019 |
| Gain from change in the fair value of warrants, earnout shares and contingent consideration, net | (106,014) | (71,020) |
| Non-cash interest expense, and amortization of debt discount and issuance costs | 685 | — |
| Net accretion and amortization of investments in marketable debt securities | (1,546) | (3,698) |
| Changes in operating assets and liabilities | ||
| Accounts and other receivables and prepaid expenses and other current assets | (3,990) | 7,263 |
| Other non-current assets | (1,090) | (1,073) |
| Accounts payable and accrued expenses and other current liabilities | 50,217 | 1,463 |
| Non-current liabilities | (27,784) | 2,350 |
| Net cash used in operating activities | (144,439) | (110,970) |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (555,796) | (126,857) |
| Proceeds from sales and maturities of marketable securities | 128,190 | 173,399 |
| Purchases of property and equipment | (77,920) | (14,952) |
| Acquisitions, net of cash | 39 | — |
| Net cash provided by (used in) investing activities | (505,487) | 31,590 |
| Cash flows from financing activities | ||
| Underwritten public offering gross proceeds | 600,000 | — |
| Underwritten public offering commission and offering expenses | (23,664) | — |
| Gross proceeds from issuance of convertible notes | 690,000 | — |
| Convertible notes underwriting discounts and commissions and issuance costs | (20,211) | — |
| Proceeds from mortgage loan | 30,750 | — |
| Proceeds from the exercise of stock options and warrants issuance | 70,541 | 543 |
| Payment for capped call transactions | (63,273) | — |
| At-the-market public offering gross proceeds | — | 2,074 |
| At-the-market public offering commission and offering expenses | — | (81) |
| Repayments of obligations under finance lease and tenant improvement loan | (557) | (493) |
| Net cash provided by financing activities | 1,283,586 | 2,043 |
| Net change in cash, cash equivalents and restricted cash | 633,660 | (77,337) |
| Cash, cash equivalents and restricted cash, at the beginning of the period | 241,723 | 200,389 |
| Cash, cash equivalents and restricted cash, at the end of the period | $875,383 | $123,052 |
| Reconciliation of cash, cash equivalents and restricted cash in balance sheets | ||
| Cash and cash equivalents | $874,524 | $122,290 |
| Restricted cash | 859 | 762 |
| Cash, cash equivalents and restricted cash in balance sheets | $875,383 | $123,052 |
| Non-cash investing and financing activities | ||
| Unpaid property and equipment purchases | $2,432 | $4,678 |
| Property and equipment purchased through financing leases | $2,972 | $2,918 |
| Right of use assets acquired through operating leases | $2,209 | $1,560 |
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