Filing Flows › Joby Aviation (JOBY) › Q1 2026
Joby Aviation (JOBY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Joby Aviation (JOBY) reported revenue of $24.2M for the first quarter 2026 (Q1 2026) and -21% from the quarter before. Operating margin was -963.4%, net loss $110M (453.5% of revenue).
Joby Aviation, Q1 2026: revenue $24.2M, operating margin -963.4%, net loss $110M, operating cash flow −$144M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.2M | -21% | — |
| Operating profit | −$234M | — | — |
| Net earnings | −$110M | — | — |
| Operating cash flow | −$144M | — | — |
What changed
Revenue was $24.2M in Q1 2026, down 21% from the previous quarter. Passenger was the largest line at 90% of revenue.
Operating costs exceeded revenue by $233.6M, an operating margin of -963.4%. The quarter ended with a net loss of $110.0M, narrower than the previous quarter's $121.5M loss. Non-operating items added $123.8M, -113% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$144.4M. Non-cash charges added back $11.0M of depreciation and amortization and $44.0M of share-based compensation. Working capital and other items used $89.5M. Capital expenditures of $77.9M exceeded it, leaving free cash flow of −$222.4M.
Questions
What was Joby Aviation's revenue in the first quarter 2026?
Joby Aviation (JOBY) reported revenue of $24.2M for the first quarter 2026 (Q1 2026) and -21% from the quarter before.
Was Joby Aviation profitable in the first quarter 2026?
Operating loss was $234M (-963.4% of revenue) and net loss $110M.
Source: Joby Aviation 10-Q on SEC EDGAR.