JOBY
Joby Aviation, Inc.

Joby Aviation, Inc.JOBY

Industrials · Airports & Air Services
5.93USD
+11.89%
Nov 08, 2026
JOBY overview ready
Certified eVTOL Aircraft Developer and Air-Taxi Operator
Joby is a vertically integrated eVTOL developer pursuing FAA type certification, aircraft manufacturing, and launch of operated passenger air-taxi networks, while also maintaining government and defense-oriented flight and technology work.
Theme not measured
EVTOL / Air Mobility has no leadership state this session.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Regulatory certification delays.
Market Nov 6Filing Sep 30Price action Nov 7Research Aug 21

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction6.0BusinessPerformance—BusinessQuality—Valuation3.5ThemeMomentum—A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
eVTOL / Air Mobility — eVTOL / Air Mobility is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Aerospace & Defense, reads Lagging (+0.8pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$6.0B
Avg Volume (60D)
23.3M
60 sessions
Gross Margin
+29.2%
Operating Margin
-658.1%
Trailing twelve months
Free Cash Flow Yield
-13.0%
Distance from 200DMA
-29.3%
P/E
N/M
EV / Sales
30.5x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Insufficient evidence

A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthNot enough data
+144%
$55.1M in Q3 FY2026 · YoY
Not enough comparable quarters for a YoY sequence.
Earnings growthLoss narrowing
-$0.22
Diluted EPS -$0.22 vs -$0.48 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginNot enough data
—
No year-ago comparison

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; intrinsic is the dissenting view. The published stance is held at fair because no positive free cash flow behind the low multiple.
Joby Aviation, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

What changed

  • JOBY rose 11.9% in one session
    JOBY closed +11.9% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Joby is a vertically integrated eVTOL developer pursuing FAA type certification, aircraft manufacturing, and launch of operated passenger air-taxi networks, while also maintaining government and defense-oriented flight and technology work.
Opportunity
Moderate opportunity
Certification, production ramp, operating authorization, vertiport access, and initial route deployment for electric vertical-takeoff-and-landing aircraft serving passenger and other early advanced-air-mobility use cases.
Key risk
Regulatory certification delays.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Airports & Air Services
What they do

Joby Aviation designs, manufactures, and operates electric vertical takeoff and landing (eVTOL) aircraft primarily for passenger air mobility, while also providing government flight and engineering services.

How it earns

The company generates revenue through aircraft sales, operated air-taxi services, government contracts, and related engineering and demonstration services.

Products & services
EVTOL passenger aircraft
Government flight services
Customer demonstration and engineering services
Customers & end markets
Passenger air mobility customers
Government and defense agencies
Market position

Leader in the emerging eVTOL air-taxi market with vertical integration across design, manufacturing, and operations.

Demand drivers
Medium cyclicality

Demand depends on regulatory approvals and adoption of new air mobility services, which can be influenced by economic and technological factors.

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