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Joby Aviation (JOBY) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Joby Aviation (JOBY) Q3 2026 earnings results →
Q3 2026 Revenue up 144% year over year to $55.1M · 385¢ of every $1 of revenue lost · operating margin -504.8%
Joby Aviation made $55.1M in Q3 2026 (+144% Y/Y): Passenger $53.2M, Other $1.9M. Operating margin -504.8%, net loss $212M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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What changed this quarter
Revenue was $55.1M in Q3 2026, up 144% year over year and up 43% from the previous quarter. Passenger was the largest line at 97% of revenue. Passenger added $39.6M year over year (up 290%), 122% of the total change. Other declined 79%.
Operating costs exceeded revenue by $278.1M, an operating margin of -504.8%. Total costs grew 63% against revenue growth of 144%. The fastest-growing cost line was Other operating costs (+288%). The quarter ended with a net loss of $211.8M, narrower than the previous quarter's $245.4M loss. Non-operating items added $66.5M, -31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$168.6M. Non-cash charges added back $12.1M of depreciation and amortization and $54.7M of share-based compensation. Working capital and other items used $23.6M. Capital expenditures of $24.7M exceeded it, leaving free cash flow of −$193.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $55.1M | +144% | -504.8% | −$212M | −$169M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $38.6M | 2,576× | -675.2% | −$245M | −$173M |
| Q1 2026 | 10-Q | May 6, 2026 | $24.2M | — | -963.4% | −$110M | −$144M |
| Q4 2025 | 10-K | Feb 27, 2026 | $30.8M | 561× | -670.6% | −$122M | −$153M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $22.6M | 806× | -804.8% | −$401M | −$139M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $15K | -46% | n/m | −$325M | −$107M |
| Q4 2024 | 10-K | Feb 27, 2025 | $55K | -95% | n/m | −$246M | −$120M |
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Joby Aviation
We have spent more than a decade designing and testing a piloted, all-electric, vertical take-off and landing (“eVTOL”) air taxi which we intend to operate in cities around the world. We intend to operate air taxi services both directly and through strategic partnerships, while also pursuing aircraft sales to distributors and expanding into defense and other specialized markets. Our mission is to help the world connect faster and more easily with the people and places that matter most by delivering a new form of clean, fast, quiet and convenient aerial transportation service. The Joby eVTOL is being designed to transport a pilot and up to four passengers - or a targeted payload of up to 1,000 pounds - at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge.
In its own words, from its 10-K, filed Feb 27, 2026.
Joby Aviation against its Aircraft peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +144% against the peers' median +76%. Operating margin: -504.8% against the peers' median -208.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| JOBY Joby Aviation | Q3 2026 | $55.1M | +144% | -504.8% |
| BA Boeing | Q3 2026 | $24.2B | +4% | 1.5% |
| AVAV AeroVironment | Q1 FY27 | $480M | +6% | -2.3% |
| AVEX Aevex | Q2 2026 | $202M | +100% | 7.6% |
| AIRO Airo Group Holdings | Q2 2026 | $43.2M | +76% | 3.8% |
| BETA Beta Technologies | Q3 2026 | $17.7M | +98% | -723.2% |
| ACHR Archer Aviation | Q2 2026 | $5.0M | — | n/m |
| UAVS AgEagle Aerial Systems | Q2 2026 | $2.7M | -36% | -208.7% |
| DUKR Duke Robotics | Q2 2026 | $149K | +4% | -622.8% |
Source: Joby Aviation 10-Q on SEC EDGAR · CIK 1819848 · Aircraft
Guidance and outlook
More on JOBY
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q4 2024 results