NYSE$JOBY
Joby Aviation Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Joby Aviation reported a higher net loss as investments in certification and manufacturing continued.
Joby Aviation reported a Q4 2024 net loss of $246.3 million, primarily due to increased operating expenses related to aircraft certification and manufacturing. The company ended the quarter with $932.9 million in cash, cash equivalents, and short-term investments, supplemented by public offerings. Joby made significant progress on FAA certification, delivered a second aircraft to the U.S. Air Force, and began construction of its first Dubai vertiport.
- Net loss widened to $246.3 million, up from $115.1 million in Q4 2023.
- Operating loss reached $149.9 million, reflecting investments in certification and manufacturing.
- Cash and short-term investments totaled $932.9 million, aided by public offerings.
- Significant progress in FAA certification, defense partnerships, and global expansion plans.
Headline financials
Revenue & EPS history
Joby Aviation · Revenue · Quarterly
$55K
Forward guidance
Joby Aviation expects continued investments in certification, manufacturing, and commercialization, with projected cash use of $500–$540 million in 2025.
Tailwinds
- Strong cash position of $932.9 million to support future operations.
- Significant FAA certification progress, with over 50% completion on Joby’s side.
- Expanded defense partnerships with the U.S. Air Force, including a second aircraft delivery.
- Global expansion efforts include the first Dubai vertiport under construction.
- Expected first passenger operations in late 2025 or early 2026.
Headwinds
- Net loss continues to widen due to high R&D and certification costs.
- Revenue remains minimal, with only $55,000 generated in Q4 2024.
- Stock-based compensation and non-cash losses impact profitability.
- Regulatory approval risks could delay commercial launch timelines.
- Significant cash burn projected for 2025, between $500M and $540M.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+2.6%
Avg return
Earnings day
+4.3%
Avg return
5 days after
+1.9%
Avg return
30 days after
57%
12 / 21 earnings
Positive
+28.1%
Q1 2022
Best reaction
-12.1%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +21.2% | +24.0% | +9.9% | |
| Q4 2025 | +4.3% | -0.6% | -17.5% | |
| Q3 2025 | -4.4% | +9.0% | +1.7% | |
| Q1 2025 | +3.3% | +12.0% | +26.5% | |
| Q4 2024 | +0.7% | -1.5% | -8.8% | |
| Q3 2024 | +0.0% | +22.9% | +73.3% | |
| Q2 2024 | +1.2% | -2.5% | -7.2% | |
| Q1 2024 | -11.6% | -8.5% | -6.9% | |
| Q4 2023 | -12.1% | -11.9% | -15.9% | |
| Q3 2023 | +15.0% | +13.1% | +24.9% | |
| Q2 2023 | -5.8% | -7.2% | -16.2% | |
| Q1 2023 | +5.4% | +8.2% | +40.8% | |
| Q4 2022 | +11.5% | +6.8% | -8.9% | |
| Q3 2022 | -6.3% | -8.7% | -12.7% | |
| Q2 2022 | +9.9% | +2.2% | -5.2% | |
| Q1 2022 | +28.1% | +35.3% | +19.5% | |
| Q4 2021 | +7.6% | +21.2% | -10.6% | |
| Q3 2021 | -1.5% | +1.7% | -26.5% | |
| Q2 2021 | -11.8% | -22.1% | -17.8% | |
| Q4 2020 | -5.7% | -5.3% | -9.9% | |
| Q3 2020 | +4.7% | +2.0% | +6.8% |
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