Joby Aviation, Inc. · NYSE:JOBY
Joby Aviation — Q3 2025 Earnings Presentation
16 slides from Joby Aviation's earnings presentation, Nov 5, 2025
Slide 1: Q3 2025 Shareholder Letter
JOBY AVIATION NOVEMBER 5, 2025 JOBYAVIATION.COM Q3 2025 Letter Shareholder
Slide 2: Q3 2025 Highlights
Q3 2025 Highlights TIA aircraft begins power-on White House calls for testing, marking final stage early air taxi operations of certification process across U.S. First point-to-point Propeller manufacturing flights completed begins in Ohio Autonomous hybrid aircraft Adoption of NVIDIA for defense ap
Slide 3: Final Stage of Certification
Final Stage of Certification WE PASSED ONE OF THE MOST IMPORTANT Flight testing by Joby pilots is expected to start later milestones in Joby’s history to date, with the this year, ahead of FAA pilots beginning “for-credit” beginning of power-on testing of the first of several flight testing in 2026.
Slide 4: Demonstrating our Maturity
Demonstrating our Maturity OUR ABILITY TO MOVE TO THE FINAL STAGE of certification is underpinned by having a mature aircraft design that has been rigorously tested on the ground and in the air. As well as thousands of ground based tests, we’ve already conducted more than 600 flights this year, demo
Slide 5: Scaling Manufacturing
Scaling Manufacturing WE SEE THE U.S. GOVERNMENT’S EIPP PROGRAM pulling early demand for our aircraft forward, alongside the demand we’re seeing from a range of international early adopters. We continue to scale manufacturing at pace and we’ve already produced 15 times more type design conforming pa
Slide 6: Preparing for Global Operations
Joby's aircraft in the skies over the World EXPO 2025 in Osaka, Japan. Preparing for Global Operations ACROSS NEW YORK AND SOUTHERN EUROPE, our During the quarter we announced a collaboration with the Blade team transported approximately 40,000 customers government of Ras Al Khaimah and Skyports Inf
Slide 7: An Autonomous Future
Joby demonstrates its SuperpilotTM autonomy technology in the skies over Hawaii. An Autonomous Future JUST THREE MONTHS after announcing we would SuperpilotTM is set to be deployed and tested on our partner with L3Harris to develop an autonomous, gas- turbine-hybrid VTOL aircraft, allowing us to del
Slide 8: Financial Updates
Financial Updates Q3 2025 Shareholder Letter November 5, 2025 Joby Aviation 8
Slide 9: Third Quarter 2025 Financial Summary
Third Quarter 2025 Financial Summary IN THE THIRD QUARTER OF 2025, our net loss Adjusted EBITDA in the third quarter of 2025 was a loss of $401.2 million reflected a net operating loss of of $132.8 million, primarily reflecting employee costs and $181.7 million and other loss of $219.5 million. supp
Slide 10: Condensed Statement of Operations
Condensed Statement Condensed Statement of of Operations Operations JOBY AVIATION, INC. JOBY AVIATION, INC.AND ANDSUBSIDIARIES SUBSIDIARIES Unaudited Unaudited(in (Inthousands, thousands,except exceptshare shareand per and share per data) share data) Three Months Ended Nine Months Ended September 30
Slide 11: Condensed Balance Sheets
Condensed Condensed Balance Balance Sheets Sheets JOBY AVIATION, JOBY INC.AND AVIATION, INC. ANDSUBSIDIARIES SUBSIDIARIES Unaudited(in Unaudited (Inthousands) thousands) September 30, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $ 208,367 $ 199,627 Short-term investments 7
Slide 12: Condensed Statement of Cash Flows
Condensed Statement Condensed Statement of of Cash Cash Flows Flows JOBY AVIATION, INC. AND SUBSIDIARIES JOBY AVIATION, Unaudited INC. AND SUBSIDIARIES (In thousands) Unaudited (in thousands) Nine Months Ended September 30, 2025 2024 Cash flows from operating activities Net loss $ (808,306) $ (361,7
Slide 13: Non-GAAP Financial Measures
Non-GAAP Non-GAAP Financial Measures Financial Measures JOBY AVIATION, INC. AND SUBSIDIARIES Unaudited (in thousands) JOBY AVIATION, INC. AND SUBSIDIARIES Unaudited (In thousands) ADJUSTED EBITDA is a non-GAAP measure of operating financials, provides investors and management with a ADJUSTED that pe
Slide 14: Webcast Details and Upcoming Events
Webcast Details THE THIRD QUARTER 2025 FINANCIAL RESULTS WEBCAST is scheduled to take place at 5:00pm ET (2:00pm PT) on November 5, 2025. The webcast will be publicly available in the Financial Results section of the company’s investor website: ir.jobyaviation.com. Upcoming Events WEB SUMMIT, PORTUG
Slide 15: Forward-Looking Statements
Forward-Looking Statements THIS SHAREHOLDER LETTER contains “forward-looking risks and uncertainties that may cause actual results statements” within the meaning of the “safe harbor” to differ materially, including: our ability to launch our provisions of the Private Securities Litigation Reform Act
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