Filing Flows › Joby Aviation (JOBY) › Q3 2025
Joby Aviation (JOBY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Joby Aviation (JOBY) reported revenue of $22.6M for the third quarter 2025 (Q3 2025), up 806-fold from a year earlier and up 1,505-fold from the quarter before. Operating margin was -804.8%.
Joby Aviation, Q3 2025: revenue $22.6M (806× year over year), operating margin -804.8%, net loss $401M, operating cash flow −$139M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.6M | 1,505× | 806× |
| Operating profit | −$182M | — | — |
| Net earnings | −$401M | — | — |
| Operating cash flow | −$139M | — | — |
What changed
Revenue was $22.6M in Q3 2025, up 80521% year over year and up 150393% from the previous quarter. Passenger was the largest line at 60% of revenue. Other added $8.9M year over year (up 31761%), 39% of the total change.
Operating costs exceeded revenue by $181.7M, an operating margin of -804.8%. Total costs grew 30% against revenue growth of 80521%. The fastest-growing cost line was SG&A (+47%). The quarter ended with a net loss of $401.2M, wider than the previous quarter's $324.7M loss. Net interest and other expense of $219.5M was the main reason.
Operating cash flow was −$139.2M. Non-cash charges added back $10.2M of depreciation and amortization and $32.9M of share-based compensation. Working capital and other items added $219.0M. Capital expenditures of $13.0M exceeded it, leaving free cash flow of −$152.2M.
Questions
What was Joby Aviation's revenue in the third quarter 2025?
Joby Aviation (JOBY) reported revenue of $22.6M for the third quarter 2025 (Q3 2025), up 806-fold from a year earlier and up 1,505-fold from the quarter before.
Was Joby Aviation profitable in the third quarter 2025?
Operating loss was $182M (-804.8% of revenue) and net loss $401M.
Source: Joby Aviation 10-Q on SEC EDGAR.