Joby Aviation, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 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)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(567,223) | $(808,306) |
| Reconciliation of net loss to net cash used in operating activities: | ||
| Depreciation and amortization expense | 34,945 | 29,095 |
| Stock-based compensation expense | 150,681 | 86,447 |
| (Gain) loss from change in the fair value of warrants, earnout shares and contingent consideration, net | (152,432) | 284,424 |
| Non-cash interest expense, and amortization of debt discount and issuance costs | 3,046 | — |
| Loss on common stock issuance in private placement | — | 40,258 |
| Net accretion and amortization of investments in marketable debt securities | (2,116) | (7,292) |
| Changes in operating assets and liabilities, net of effects of acquisitions | ||
| Accounts and other receivables and prepaid expenses and other current assets | (1,464) | 8,938 |
| Other non-current assets | 785 | (213) |
| Accounts payable and accrued expenses and other current liabilities | 68,307 | 9,018 |
| Non-current liabilities | (20,748) | 905 |
| Net cash used in operating activities | (486,219) | (356,726) |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (1,052,307) | (594,231) |
| Proceeds from sales and maturities of marketable securities | 532,035 | 565,555 |
| Purchases of property and equipment and other long-lived assets | (131,299) | (40,109) |
| Acquisitions, net of cash | 39 | 1,883 |
| Net cash used in investing activities | (651,532) | (66,902) |
| 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 | (20,311) | — |
| Proceeds from mortgage loan | 30,750 | — |
| Payment for capped call transactions | (63,273) | — |
| Proceeds from issuance of common stock in private placement, net | — | 249,905 |
| At-the-market public offering gross proceeds | 130,000 | 148,711 |
| At-the-market public offering commission and offering expenses | (1,796) | (4,839) |
| Proceeds from the issuance of common stock under the Employee Stock Purchase Plan | 8,191 | 5,022 |
| Proceeds from the exercise of stock options and warrants | 71,012 | 35,042 |
| Repayments of obligations under finance lease and tenant improvement loan | (1,907) | (1,195) |
| Net cash provided by financing activities | 1,419,002 | 432,646 |
| Net change in cash, cash equivalents and restricted cash | 281,251 | 9,018 |
| 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 | $522,974 | $209,407 |
| Reconciliation of cash, cash equivalents and restricted cash in balance sheets | ||
| Cash and cash equivalents | $521,527 | 208,367 |
| Restricted cash | 1,447 | 1,040 |
| Cash, cash equivalents and restricted cash in balance sheets | $522,974 | $209,407 |
| Non-cash investing and financing activities | ||
| Common stock issued as acquisition consideration | $7,631 | $74,496 |
| Unpaid property and equipment purchases | $1,293 | $4,788 |
| Property and equipment purchased through finance leases | $5,856 | $3,665 |
| Right-of-use assets acquired through operating leases | $4,463 | $3,853 |
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