JOBY: the cash flow

Cash Flow Overview

Free Cash flow

-$201,782K

Unit: Thousand (K) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2026-06-30

2026-03-31

2025-12-31

2025-09-30

Revenue

38,639

24,246

30,836

22,574

People related costs, excluding stock based compensation expense

116,135

113,810

100,192

94,793

Loss from change in fair value of warrants and earnout shares

-229,149

(gain)/loss from change in the fair value of warrants, earnout shares and contingent consideration, net

-3,347

106,014

-211,850

Stock-based compensation expense

51,971

44,045

41,440

32,870

Other segment items

112,629

82,355

83,314

66,988

Net loss

-245,443

-109,950

-121,536

-401,226

Depreciation and amortization expense

11,865

10,988

11,063

10,210

Stock-based compensation expense

51,971

44,045

41,440

32,870

(gain)/loss from change in the fair value of warrants, earnout shares and contingent consideration, net

-3,347

106,014

-211,850

Loss (gain) from change in the fair value of warrants and earnout shares

-229,148

Non-cash interest expense, and amortization of debt discount and issuance costs

2,929

685

Loss on common stock issuance in private placement

Net accretion and amortization of investments in marketable debt securities

391

1,546

540

2,160

Accounts and other receivables and prepaid expenses and other current assets

4,982

3,990

-105

4,405

Other non-current assets

-757

1,090

-1,655

386

Accounts payable and accrued expenses and other current liabilities

7,896

50,217

-15,920

-3,035

Non-current liabilities

-1,092

-27,784

3,140

-209

Net cash used in operating activities

-173,143

-144,439

-153,167

-139,193

Purchases of marketable securities

258,345

555,796

576,138

308,803

Proceeds from sales and maturities of marketable securities

213,149

128,190

179,863

196,882

Purchases of property and equipment and other long-lived assets

28,639

77,920

13,809

13,020

Acquisitions, net of cash

-39

-1,570

-1,883

Net cash provided by (used in) investing activities

-73,835

-505,487

-408,514

-123,058

Proceeds from issuance of common stock-Underwritten Public Offering

600,000

591,016

Underwritten public offering and at-the-market public offering commission and offering expenses-Underwritten Public Offering

23,664

15,081

Gross proceeds from issuance of convertible notes

690,000

Convertible notes underwriting discounts and commissions and issuance costs

100

20,211

Proceeds from mortgage loan

30,750

Payment for capped call transactions

63,273

Proceeds from issuance of common stock in private placement, net

At-the-market public offering gross proceeds

104,182

Proceeds from issuance of common stock-At The Market Public Offering

158,868

At-the-market public offering commission and offering expenses

3,272

Underwritten public offering and at-the-market public offering commission and offering expenses-At The Market Public Offering

5,301

Proceeds from the issuance of common stock under the employee stock purchase plan

8,191

7,051

Proceeds from the exercise of warrants

33,137

Proceeds from exercise of stock options and stock purchase rights

1,905

Proceeds from the exercise of stock options and warrants

149

70,541

35,827

Repayments of obligations under finance lease and tenant improvement loan

577

557

433

336

Net cash provided by financing activities

7,663

1,283,586

593,997

134,652

Net change in cash, cash equivalents and restricted cash

-239,315

633,660

32,316

-127,599

Cash, cash equivalents and restricted cash, at the beginning of the period

875,383

241,723

123,052

Cash, cash equivalents and restricted cash, at the end of the period

636,068

875,383

241,723

209,407

Cash and cash equivalents

629,861

874,524

240,810

208,367

Restricted cash

6,207

859

913

1,040

Cash, cash equivalents and restricted cash in balance sheets

636,068

875,383

241,723

209,407

Time Plot

Show the time plot by selecting a row from the table.

🚨 Price Alert: The stock price jumped by 23.76% after the earning call.

Cash Flow Overview

Free Cash flow

-$201,782K

Unit: Thousand (K) dollars

Positive Cash Flow Breakdown

Negative Cash Flow Breakdown

Cash Flow

2026-06-30

2026-03-31

2025-12-31

2025-09-30

Revenue

38,639

24,246

30,836

22,574

People related costs, excluding stock based compensation expense

116,135

113,810

100,192

94,793

Loss from change in fair value of warrants and earnout shares

-229,149

(gain)/loss from change in the fair value of warrants, earnout shares and contingent consideration, net

-3,347

106,014

-211,850

Stock-based compensation expense

51,971

44,045

41,440

32,870

Other segment items

112,629

82,355

83,314

66,988

Net loss

-245,443

-109,950

-121,536

-401,226

Depreciation and amortization expense

11,865

10,988

11,063

10,210

Stock-based compensation expense

51,971

44,045

41,440

32,870

(gain)/loss from change in the fair value of warrants, earnout shares and contingent consideration, net

-3,347

106,014

-211,850

Loss (gain) from change in the fair value of warrants and earnout shares

-229,148

Non-cash interest expense, and amortization of debt discount and issuance costs

2,929

685

Loss on common stock issuance in private placement

Net accretion and amortization of investments in marketable debt securities

391

1,546

540

2,160

Accounts and other receivables and prepaid expenses and other current assets

4,982

3,990

-105

4,405

Other non-current assets

-757

1,090

-1,655

386

Accounts payable and accrued expenses and other current liabilities

7,896

50,217

-15,920

-3,035

Non-current liabilities

-1,092

-27,784

3,140

-209

Net cash used in operating activities

-173,143

-144,439

-153,167

-139,193

Purchases of marketable securities

258,345

555,796

576,138

308,803

Proceeds from sales and maturities of marketable securities

213,149

128,190

179,863

196,882

Purchases of property and equipment and other long-lived assets

28,639

77,920

13,809

13,020

Acquisitions, net of cash

-39

-1,570

-1,883

Net cash provided by (used in) investing activities

-73,835

-505,487

-408,514

-123,058

Proceeds from issuance of common stock-Underwritten Public Offering

600,000

591,016

Underwritten public offering and at-the-market public offering commission and offering expenses-Underwritten Public Offering

23,664

15,081

Gross proceeds from issuance of convertible notes

690,000

Convertible notes underwriting discounts and commissions and issuance costs

100

20,211

Proceeds from mortgage loan

30,750

Payment for capped call transactions

63,273

Proceeds from issuance of common stock in private placement, net

At-the-market public offering gross proceeds

104,182

Proceeds from issuance of common stock-At The Market Public Offering

158,868

At-the-market public offering commission and offering expenses

3,272

Underwritten public offering and at-the-market public offering commission and offering expenses-At The Market Public Offering

5,301

Proceeds from the issuance of common stock under the employee stock purchase plan

8,191

7,051

Proceeds from the exercise of warrants

33,137

Proceeds from exercise of stock options and stock purchase rights

1,905

Proceeds from the exercise of stock options and warrants

149

70,541

35,827

Repayments of obligations under finance lease and tenant improvement loan

577

557

433

336

Net cash provided by financing activities

7,663

1,283,586

593,997

134,652

Net change in cash, cash equivalents and restricted cash

-239,315

633,660

32,316

-127,599

Cash, cash equivalents and restricted cash, at the beginning of the period

875,383

241,723

123,052

Cash, cash equivalents and restricted cash, at the end of the period

636,068

875,383

241,723

209,407

Cash and cash equivalents

629,861

874,524

240,810

208,367

Restricted cash

6,207

859

913

1,040

Cash, cash equivalents and restricted cash in balance sheets

636,068

875,383

241,723

209,407

Time Plot

Show the time plot by selecting a row from the table.

🚨 Price Alert: The stock price jumped by 23.76% after the earning call.