Joby Aviation (JOBY)


Market Price (9/17/2026): $6.19 | Market Cap: $6.0 BilSector: Industrials | Industry: Airport Services

Joby Aviation (JOBY)


Market Price (9/17/2026): $6.19
Market Cap: $6.0 Bil
Sector: Industrials
Industry: Airport Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 118568%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49%

Megatrend and thematic drivers
Megatrends include Advanced Aviation & Space. Themes include Advanced Air Mobility.

Weak multi-year price returns
2Y Excs Rtn is -22%, 3Y Excs Rtn is -85%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -883 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -759%

Expensive valuation multiples
P/SPrice/Sales ratio is 51x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 146%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -524%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -639%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19%

Key risks
JOBY key risks include [1] delays in its unprecedented FAA aircraft certification process and [2] a substantial annual cash burn of approximately $500 million.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 118568%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49%
3 Megatrend and thematic drivers
Megatrends include Advanced Aviation & Space. Themes include Advanced Air Mobility.
4 Weak multi-year price returns
2Y Excs Rtn is -22%, 3Y Excs Rtn is -85%
5 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -883 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -759%
7 Expensive valuation multiples
P/SPrice/Sales ratio is 51x
8 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 146%
9 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -524%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -639%
10 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19%
11 Key risks
JOBY key risks include [1] delays in its unprecedented FAA aircraft certification process and [2] a substantial annual cash burn of approximately $500 million.

JOBY in ETFs

Weight = JOBY's share of each fund

VTI0.01%
ITOT0.01%
IWM0.14%
VB0.05%
ARKX1.8%
ARKQ1.1%
ROBO0.94%
IYT0.51%
+10 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/16/2026

Joby Aviation (JOBY) stock has lost about 50% since 5/31/2026 because of the following key factors:

1. Joby Aviation reported an earnings per share (EPS) of -$0.25 for its fiscal Q2 2026, which ended June 30, 2026, missing analysts' consensus estimates of -$0.23. The company posted a GAAP net loss of $245.4 million and a non-GAAP adjusted EBITDA loss of $197 million for the quarter, the latter representing a $19 million increase from fiscal Q1 2026. This indicates continued and increasing operational losses as the core eVTOL air taxi business remains pre-revenue.

2. The company faces a significant cash burn, projecting cash usage of $385 million to $415 million for the second half of fiscal 2026. This anticipated outflow is more than three times its increased full-year 2026 revenue outlook, which ranges from $115 million to $125 million, underscoring the high capital requirements for aircraft certification and manufacturing without substantial corresponding revenue from its primary business.

Show more
Updated on 9/16/2026

Joby Aviation (JOBY) stock has lost about 50% since 5/31/2026 because of the following key factors:

1. Joby Aviation reported an earnings per share (EPS) of -$0.25 for its fiscal Q2 2026, which ended June 30, 2026, missing analysts' consensus estimates of -$0.23. The company posted a GAAP net loss of $245.4 million and a non-GAAP adjusted EBITDA loss of $197 million for the quarter, the latter representing a $19 million increase from fiscal Q1 2026. This indicates continued and increasing operational losses as the core eVTOL air taxi business remains pre-revenue.

2. The company faces a significant cash burn, projecting cash usage of $385 million to $415 million for the second half of fiscal 2026. This anticipated outflow is more than three times its increased full-year 2026 revenue outlook, which ranges from $115 million to $125 million, underscoring the high capital requirements for aircraft certification and manufacturing without substantial corresponding revenue from its primary business.

3. The stock's decline is part of a broader "unwinding" trend within the electric vertical takeoff and landing (eVTOL) sector, leading to increased investor skepticism. Companies like Joby, Archer, and EHang have been trading near 52-week lows, as investor patience wanes for pre-revenue or early-revenue ventures whose valuations are predominantly tied to future certification timelines and eventual commercial service rather than current financial performance. This makes them particularly sensitive to capital costs and prolonged development phases.

4. Analyst sentiment has grown more cautious, with several firms adjusting their ratings and price targets downwards. For instance, Needham & Company LLC reduced its price objective for Joby Aviation from $18.00 to $15.00 on August 6, 2026, while Wall Street Zen downgraded the stock from a "sell" to a "strong sell" on August 8, 2026. The average analyst rating currently stands at "Hold" with a consensus price target of approximately $10.68, reflecting ongoing uncertainty regarding the company's near-term prospects.

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Stock Movement Drivers

Fundamental Drivers

The -48.9% change in JOBY stock from 5/31/2026 to 9/16/2026 was primarily driven by a -64.9% change in the company's P/S Multiple.
(LTM values as of)53120269162026Change
Stock Price ($)11.906.08-48.9%
Change Contribution By: 
Total Revenues ($ Mil)7811649.7%
P/S Multiple144.650.7-64.9%
Shares Outstanding (Mil)944970-2.7%
Cumulative Contribution-48.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/16/2026
ReturnCorrelation
JOBY-48.9% 
Market (SPY)-0.3%66.2%
Sector (XLI)-2.6%41.0%

Fundamental Drivers

The -39.6% change in JOBY stock from 2/28/2026 to 9/16/2026 was primarily driven by a -69.9% change in the company's P/S Multiple.
(LTM values as of)22820269162026Change
Stock Price ($)10.066.08-39.6%
Change Contribution By: 
Total Revenues ($ Mil)53116117.7%
P/S Multiple168.650.7-69.9%
Shares Outstanding (Mil)895970-7.7%
Cumulative Contribution-39.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/16/2026
ReturnCorrelation
JOBY-39.6% 
Market (SPY)10.2%62.7%
Sector (XLI)-4.5%43.2%

Fundamental Drivers

The -57.0% change in JOBY stock from 8/31/2025 to 9/16/2026 was primarily driven by a -100.0% change in the company's P/S Multiple.
(LTM values as of)83120259162026Change
Stock Price ($)14.156.08-57.0%
Change Contribution By: 
Total Revenues ($ Mil)0116118568.4%
P/S Multiple115,047.950.7-100.0%
Shares Outstanding (Mil)797970-17.8%
Cumulative Contribution-57.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/16/2026
ReturnCorrelation
JOBY-57.0% 
Market (SPY)17.9%55.4%
Sector (XLI)12.1%44.3%

Fundamental Drivers

The -18.4% change in JOBY stock from 8/31/2023 to 9/16/2026 was primarily driven by a null change in the company's P/S Multiple.
(LTM values as of)83120239162026Change
Stock Price ($)7.456.08-18.4%
Change Contribution By: 
Total Revenues ($ Mil)01169.2233720368547763E17%
P/S Multiple50.7 
Shares Outstanding (Mil)637970-34.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/16/2026
ReturnCorrelation
JOBY-18.4% 
Market (SPY)73.4%42.9%
Sector (XLI)62.4%42.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
JOBY Return-37%-54%99%22%62%-54%-47%
Peers Return-23%-30%89%0%-9%-26%-31%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
JOBY Win Rate33%42%50%42%58%22% 
Peers Win Rate42%44%56%36%44%33% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
JOBY Max Drawdown-59%-57%-52%-36%-48%-62% 
Peers Max Drawdown-49%-61%-35%-56%-43%-44% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ACHR, EVEX, BA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/16/2026 (YTD)

How Low Can It Go

EventJOBYS&P 500
2025 US Tariff Shock
  % Loss-29.8%-18.8%
  % Gain to Breakeven42.4%23.1%
  Time to Breakeven50 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-37.7%-9.5%
  % Gain to Breakeven60.6%10.5%
  Time to Breakeven396 days24 days
2023 SVB Regional Banking Crisis
  % Loss-10.7%-6.7%
  % Gain to Breakeven12.0%7.1%
  Time to Breakeven3 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-51.5%-24.5%
  % Gain to Breakeven106.1%32.4%
  Time to Breakeven495 days427 days

Compare to ACHR, EVEX, BA

In The Past

Joby Aviation's stock fell -29.8% during the 2025 US Tariff Shock. Such a loss loss requires a 42.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventJOBYS&P 500
2025 US Tariff Shock
  % Loss-29.8%-18.8%
  % Gain to Breakeven42.4%23.1%
  Time to Breakeven50 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-37.7%-9.5%
  % Gain to Breakeven60.6%10.5%
  Time to Breakeven396 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-51.5%-24.5%
  % Gain to Breakeven106.1%32.4%
  Time to Breakeven495 days427 days

Compare to ACHR, EVEX, BA

In The Past

Joby Aviation's stock fell -29.8% during the 2025 US Tariff Shock. Such a loss loss requires a 42.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Joby Aviation (JOBY)

Joby Aviation, Inc. is an innovative air mobility company focused on developing and operating an electric vertical takeoff and landing (eVTOL) aircraft. Its core mission is to establish a new form of air transportation, leveraging electric propulsion for quiet, efficient, and sustainable flight within urban and regional environments.

The company is vertically integrated, meaning it designs, manufactures, and intends to operate its own proprietary eVTOL aircraft. Joby's primary service will be an aerial ridesharing operation, offering on-demand air transportation as a service. This service aims to provide a fast and convenient alternative to traditional ground transportation, catering to individuals and businesses looking for efficient travel solutions over congested areas or between nearby cities.

AI Analysis | Feedback

Here are 1-3 brief analogies for Joby Aviation:

  • Uber for the skies
  • Tesla for flying taxis

AI Analysis | Feedback

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  • Electric Vertical Takeoff and Landing (eVTOL) Aircraft: Joby Aviation designs and builds electric aircraft optimized for quiet, emission-free flight.
  • Aerial Ridesharing Service: The company intends to operate these aircraft to provide a convenient air transportation service, similar to a ride-hailing service but in the air.
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AI Analysis | Feedback

Joby Aviation (JOBY) sells primarily to other companies and government entities through strategic partnerships and contracts as it develops and prepares to launch its aerial ridesharing service. Its major customers and key strategic partners include:

  • U.S. Air Force: Joby has significant contracts with the U.S. Air Force through the AFWERX Agility Prime program for aircraft development and testing.
  • Delta Air Lines (DAL): Joby has a multi-year, multi-market partnership with Delta Air Lines. Delta made an equity investment in Joby, and the partnership aims to offer Joby's air taxi service to Delta customers, beginning with New York and Los Angeles.
  • ANA Holdings Inc. (TYO: 9202): Joby has a partnership with Japan's largest airline group, ANA Holdings, to bring aerial ridesharing to Japan.

AI Analysis | Feedback

  • Honeywell (HON)
  • Safran S. A. (SAF.PA)
  • Aethon Aerofab

AI Analysis | Feedback

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JoeBen Bevirt, Founder and Chief Executive Officer

JoeBen Bevirt founded Joby Aviation in 2009 and has led the company since its inception. He is a serial entrepreneur who co-founded Velocity11 in 1999, a company focused on high-performance robotic laboratory systems, which was later acquired by Agilent Technologies. In 2005, he also founded Joby Inc., known for developing consumer products such as the Gorillapod flexible camera tripod.

Matthew Field, Chief Financial Officer

Matthew Field was appointed Chief Financial Officer of Joby Aviation, effective March 5, 2021. Before joining Joby, he served as the Chief Financial Officer for North America at Ford Motor Company, where he managed the financial operations of a $100 billion revenue division for over two decades. His tenure at Ford also included a role as CFO at Lincoln Motor Co., a subsidiary. Prior to his time at Ford, he worked at Goldman Sachs and the Board of Governors of the Federal Reserve System.

Bonny Simi, President of Operations

Bonny Simi serves as Joby Aviation's President of Operations. Her background includes several operational and strategic roles at JetBlue, where she founded and led JetBlue Technology Ventures. She is also an accomplished pilot and a three-time Olympian in the sport of Luge.

Didier Papadopoulos, President of Aircraft OEM

Didier Papadopoulos is Joby Aviation's President of Aircraft OEM, joining in 2021. He previously served as the Vice President of Aviation Systems, Programs and Business Development at Garmin International. His aviation career began at CAE, where he developed flight simulators for commercial and business aviation.

Eric Allison, Chief Product Officer

Eric Allison is Joby Aviation's Chief Product Officer. He previously led the Elevate team at Uber. His expertise spans aerospace research, electric propulsion, energy storage, vehicle autonomy, and composite structures, and he served as CEO of Zee Aero, where he led the development of the autonomous air taxi vehicle, Cora.

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AI Analysis | Feedback

The key risks for Joby Aviation (JOBY) are primarily centered around its pre-revenue status, the complex regulatory environment for novel aircraft, and the emerging competitive landscape for urban air mobility.

  1. Regulatory Hurdles, Certification Delays, and Safety Concerns: Joby Aviation's ability to commence widespread commercial operations hinges on obtaining full Federal Aviation Administration (FAA) certification for its electric vertical takeoff and landing (eVTOL) aircraft, which is a complex and unprecedented process. Any delays in this certification, which has already seen anticipated timelines slip, could push back commercial launch dates and revenue generation significantly. Furthermore, as a new technology, eVTOLs face rigorous safety evaluations, and any accidents or technical failures during testing or early operations could impact public trust and further delay regulatory approvals.
  2. Financial Sustainability, Cash Burn, and Need for Additional Capital: As a pre-revenue company, Joby Aviation has incurred significant losses and continues to burn substantial amounts of cash to fund its aircraft development, manufacturing ramp-up, and the establishment of an operational network. The company will require additional capital in the future, which could lead to further equity raises and dilution of existing shareholders' interests. The long path to profitability for this capital-intensive industry poses an ongoing financial risk.
  3. Intense Competition and Market Adoption Uncertainty: Joby Aviation operates in a rapidly evolving and increasingly competitive advanced air mobility market, with numerous other companies (such as Archer Aviation and Lilium) also developing eVTOL aircraft and vying for market share. There are also ongoing legal disputes with competitors, which introduce reputational and legal risks. Beyond competition, the successful adoption of aerial ridesharing as a service depends on factors like establishing adequate infrastructure (e.g., vertiports), consumer acceptance of the technology, and the ability to offer services at a price point that is both attractive to customers and economically viable for Joby.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable market for Joby Aviation's main products and services, primarily electric vertical takeoff and landing (eVTOL) aircraft for aerial ridesharing, falls under the broader categories of the global eVTOL aircraft market and the global Urban Air Mobility (UAM) market.

The global Urban Air Mobility (UAM) sector's annual total addressable market is projected to reach $1 trillion globally by 2040, and expand to $9 trillion by 2050, as adoption and use cases grow. Another projection indicates the global UAM market size, which includes air taxi services, was valued at USD 4.54 billion in 2024 and is estimated to reach USD 97.4 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 36.70% from 2025-2033. Similarly, the global UAM market is expected to grow from USD 3,580.2 million in 2023 to USD 29,188.5 million by 2030, with a CAGR of 35% from 2024 to 2030.

Focusing on the eVTOL aircraft segment, which Joby Aviation manufactures, the global market size was estimated at USD 1.35 billion in 2023 and is projected to reach USD 28.6 billion by 2030, growing at a CAGR of 54.9% from 2024 to 2030. Other estimates for the global eVTOL aircraft market include reaching USD 30,519 million by 2030, growing at a CAGR of 18.3% from 2022 to 2030. Furthermore, the global eVTOL aircraft market size is projected to surpass approximately USD 216.02 billion by 2035, representing a CAGR of 51.87% between 2026 and 2035.

Specifically for the air taxi market, the global market size was valued at USD 1.75 billion in 2025 and is projected to grow to USD 6.17 billion by 2034, exhibiting a CAGR of 14.35% during the forecast period. Another report indicates the global air taxi market size was USD 2.50 billion in 2025 and is expected to reach USD 14.26 billion by 2035, growing at a CAGR of 19.02% from 2026-2035.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Joby Aviation (JOBY) over the next 2-3 years:

  1. Commercial Launches and Market Expansion: Joby Aviation is poised to launch its electric air taxi services in key markets, with a commercial rollout anticipated in Dubai by 2026, where the company holds a six-year exclusive access agreement. Similar commercial operations are also planned for the U.S. under the eVTOL Pilot Program (eIPP), which involves testing nationwide operations and establishing vertiports. These launches represent the direct monetization of its core air transportation as a service.
  2. Increased Manufacturing Capacity: To support its planned commercialization, Joby Aviation is significantly expanding its manufacturing capabilities. This includes the acquisition of a large production facility in Ohio, with the strategic goal of doubling aircraft production to four aircraft per month by 2027. This ramp-up in manufacturing is critical for scaling operations and delivering the volume of aircraft necessary to meet anticipated demand for its aerial ridesharing service.
  3. Revenue from Blade's Passenger Business and Strategic Partnerships: The recent acquisition of Blade's passenger business is already contributing to Joby's revenue and is expected to further accelerate its expansion in urban air mobility markets by providing access to existing terminals and a established customer base. Beyond Blade, Joby has also secured strategic partnerships, such as those with the U.S. Department of Defense for aircraft delivery and Uber for air taxi services in Dubai, which are expected to generate revenue and facilitate market entry and customer adoption.

AI Analysis | Feedback

Share Issuance

  • In October 2025, Joby Aviation completed an underwritten public offering of common stock, generating gross proceeds of approximately $591.0 million.
  • Joby announced in January 2026 its intention to raise $1.2 billion through concurrent public offerings, including the issuance of over 52 million shares of common stock.
  • A proposal was made in April 2025 to amend the Certificate of Incorporation to double the authorized shares of common stock from 1.4 billion to 2.8 billion.

Inbound Investments

  • Toyota Motor Corporation made an additional strategic investment of $500 million in Joby Aviation, with the first $250 million tranche closing in May 2025, bringing Toyota's total investment to $894 million.
  • Joby secured over $1 billion in additional funding and commitments during the fourth quarter of 2024.
  • As of Q4 2025, Joby strengthened its balance sheet, reporting $1.4 billion in cash and short-term investments, further boosted by an additional net $1.2 billion received in February 2026.

Outbound Investments

  • Joby Aviation completed the acquisition of Blade Air Mobility's passenger business in early 2025 to expand its operational capabilities and market access in key urban corridors.

Capital Expenditures

  • Joby forecasted capital outgoings for 2025 to be as high as $540 million, primarily focused on eVTOL aircraft development.
  • In Q4 2025, Joby Aviation invested $13.8 million in capital expenditures, contributing to long-term assets and infrastructure.
  • Significant capital is being allocated to manufacturing expansion, including an agreement to acquire a manufacturing facility in the Dayton, Ohio area (over 700,000 square feet) to support plans to double production capacity to four aircraft per month by 2027.

Peer Outperformance in Airport Services

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Share of Airport Services constituents that JOBY has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
insufficient peer history
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Industrials sector, ranked by 5Y. Airport Services is JOBY's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 31 11.6%99.8%181.2% CDNL 2395% · FIX 2231% · STRL 2019%
Marine Transportation 5 83.9%65.9%168.3% HOS 45268% · MATX 202% · SFL 168%
Construction Machinery & Heavy Transportation Equipment 13 8.3%54.8%124.1% CAT 327% · ALSN 258% · WAB 225%
Aerospace & Defense 54 -5.4%75.1%72.1% ATI 1032% · FTAI 959% · HWM 646%
Trading Companies & Distributors 19 3.6%37.7%49.1% DXPE 563% · AIT 294% · URI 206%
Rail Transportation 7 27.9%61.9%45.5% FSTR 142% · CSX 69% · UNP 56%
Industrial Machinery & Supplies & Components 72 7.8%39.4%37.1% CRS 1282% · PSIX 941% · GHM 620%
Diversified Support Services 32 12.6%31.4%30.0% LIME 3319% · TH 430% · WLFC 375%
Passenger Ground Transportation 3 -24.6%39.1%29.1% UBER 79% · CAR 29% · LYFT -70%
Cargo Ground Transportation 16 28.8%0.6%28.9% XPO 245% · R 242% · CVLG 210%
Electrical Components & Equipment 41 8.4%52.4%21.3% POWL 2383% · BE 1280% · VRT 914%
Building Products 33 -14.2%1.1%18.9% LMB 714% · GFF 373% · PPIH 289%
Industrial Conglomerates 17 5.8%2.6%7.4% RCMT 452% · CSW 141% · DD 70%
Environmental & Facilities Services 29 -11.9%22.0%-3.4% CECO 932% · NVRI 352% · GEO 348%
Research & Consulting Services 13 -12.4%-23.5%-6.4% HURN 197% · CRAI 89% · GRNQ 52%
Agricultural & Farm Machinery 17 6.5%3.1%-9.4% BLBD 197% · DE 105% · GENC 52%
Data Processing & Outsourced Services 6 -31.7%-14.3%-24.0% EXLS 47% · BR 10% · G -23%
Passenger Airlines 11 2.2%0.9%-30.3% LTM 3025% · UAL 139% · SKYW 108%
Air Freight & Logistics 11 -10.1%-19.3%-33.6% CHRW 98% · FDX 63% · EXPD 62%
Office Services & Supplies 9 8.2%24.0%-34.7% PBI 202% · TILE 144% · HNI 46%
Human Resource & Employment Services 22 7.4%-19.9%-37.5% BBSI 97% · ADP 54% · PAYX 25%
Security & Alarm Services 10 -30.0%10.9%-44.9% CIX 143% · MG 111% · NL 65%
Airport Services ← 3 -73.3%-79.8%-58.8% JOBY -34% · ASLE -59% · UP -100%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

JOBYACHREVEXBAMedian
NameJoby Avi.Archer A.Eve Boeing  
Mkt Price6.085.221.99201.965.65
Mkt Cap5.94.10.7159.75.0
Rev LTM1167093,99562
Op Inc LTM-883-943-222-5,098-913
FCF LTM-743-681-211-219-450
FCF 3Y Avg-548-513-160-4,822-531
CFO LTM-610-540-1953,639-368
CFO 3Y Avg-476-419-153-2,142-448

Growth & Margins

JOBYACHREVEXBAMedian
NameJoby Avi.Archer A.Eve Boeing  
Rev Chg LTM118,568.4%--24.8%59,296.6%
Rev Chg 3Y Avg---9.0%9.0%
Rev Chg Q257,493.3%--8.0%128,750.6%
QoQ Delta Rev Chg LTM49.7%263.2%-2.0%49.7%
Op Inc Chg LTM-38.4%-66.5%-18.8%45.6%-28.6%
Op Inc Chg 3Y Avg-29.0%-29.6%-29.1%-108.6%-29.3%
Op Mgn LTM-759.2%-13,666.7%--5.4%-759.2%
Op Mgn 3Y Avg-233,956.4%---6.8%-116,981.6%
QoQ Delta Op Mgn LTM257.8%30,538.6%-0.5%257.8%
CFO/Rev LTM-524.5%-7,831.9%-3.9%-524.5%
CFO/Rev 3Y Avg-164,003.8%---3.2%-82,003.5%
FCF/Rev LTM-639.2%-9,869.6%--0.2%-639.2%
FCF/Rev 3Y Avg-182,830.8%---6.4%-91,418.6%

Valuation

JOBYACHREVEXBAMedian
NameJoby Avi.Archer A.Eve Boeing  
Mkt Cap5.94.10.7159.75.0
P/S50.7591.4-1.750.7
P/Op Inc-6.7-4.3-3.1-31.3-5.5
P/EBIT-6.7-4.3-3.529.8-3.9
P/E-6.7-5.1-3.365.6-4.2
P/CFO-9.7-7.6-3.643.9-5.6
Total Yield-14.9%-19.6%-30.5%1.5%-17.2%
Dividend Yield0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-8.6%-19.5%-13.9%-3.5%-11.3%
D/E0.10.00.40.30.2
Net D/E-0.3-0.4-0.10.2-0.2

Returns

JOBYACHREVEXBAMedian
NameJoby Avi.Archer A.Eve Boeing  
1M Rtn-23.1%-18.3%-25.2%-10.6%-20.7%
3M Rtn-35.3%-2.6%-29.7%-10.5%-20.1%
6M Rtn-36.3%-13.1%-20.4%-2.0%-16.8%
12M Rtn-57.7%-42.7%-46.9%-6.1%-44.8%
3Y Rtn-7.0%-19.1%-77.4%-3.0%-13.1%
1M Excs Rtn-20.6%-15.8%-22.7%-8.1%-18.2%
3M Excs Rtn-35.4%-4.6%-29.0%-11.8%-20.4%
6M Excs Rtn-51.2%-29.5%-35.0%-16.6%-32.2%
12M Excs Rtn-71.1%-56.9%-62.1%-20.5%-59.5%
3Y Excs Rtn-84.8%-93.4%-143.6%-72.6%-89.1%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Services segment530100
Total530100


Net Income by Segment
$ Mil20252024
Services segment-930-608
Total-930-608


Assets by Segment
$ Mil202220212020
Single segment1,2931,488497
Total1,2931,488497


Price Behavior

Price Behavior
Market Price$6.08 
Market Cap ($ Bil)5.9 
First Trading Date11/09/2020 
Distance from 52W High-68.9% 
   50 Days200 Days
DMA Price$7.36$10.11
DMA Trenddowndown
Distance from DMA-17.4%-39.9%
 3M1YR
Volatility61.0%72.2%
Downside Capture448.17446.20
Upside Capture174.73275.32
Correlation (SPY)55.6%55.6%
JOBY Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta3.783.833.383.133.142.13
Up Beta5.045.234.152.852.601.79
Down Beta3.783.403.422.872.611.50
Up Capture220%212%183%368%648%4222%
Bmk +ve Days10213268138427
Stock +ve Days9162354116348
Down Capture449%420%334%257%193%113%
Bmk -ve Days11213259113324
Stock -ve Days12264172134394

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with JOBY
JOBY-57.1%72.1%-0.87-
Sector ETF (XLI)12.0%17.2%0.4944.7%
Equity (SPY)15.1%12.8%0.8255.8%
Gold (GLD)15.7%29.3%0.5031.2%
Commodities (DBC)47.3%20.7%1.76-9.0%
Real Estate (VNQ)4.8%13.5%0.104.0%
Bitcoin (BTCUSD)-34.6%43.9%-0.8440.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with JOBY
JOBY-9.2%77.9%0.20-
Sector ETF (XLI)12.0%17.6%0.5240.2%
Equity (SPY)12.3%17.2%0.5442.9%
Gold (GLD)18.6%18.8%0.8011.3%
Commodities (DBC)11.5%19.6%0.463.0%
Real Estate (VNQ)0.5%18.9%-0.0831.7%
Bitcoin (BTCUSD)10.4%52.5%0.3825.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with JOBY
JOBY-5.8%76.5%0.19-
Sector ETF (XLI)13.0%20.1%0.5738.2%
Equity (SPY)15.0%18.0%0.7141.2%
Gold (GLD)11.8%16.3%0.5911.4%
Commodities (DBC)8.6%18.1%0.394.4%
Real Estate (VNQ)4.4%20.7%0.1829.9%
Bitcoin (BTCUSD)62.0%66.1%1.0222.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity113.3 Mil
Short Interest: % Change Since 815202610.9%
Average Daily Volume23.0 Mil
Days-to-Cover Short Interest4.9 days
Basic Shares Quantity969.9 Mil
Short % of Basic Shares11.7%

Earnings Returns History

Updated 9/11/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/20265.5%2.1%-11.9%
5/5/202621.2%20.9%28.3%
2/25/20264.2%0.7%-13.7%
11/5/2025-4.5%8.7%3.4%
8/6/2025-8.9%-6.0%-28.9%
5/7/20253.6%11.7%26.5%
2/26/20250.7%1.3%-4.0%
11/6/20240.6%16.4%74.4%
...
SUMMARY STATS   
# Positive14147
# Negative6613
Median Positive5.7%6.3%26.5%
Median Negative-6.7%-6.4%-9.8%
Max Positive21.2%24.2%74.4%
Max Negative-10.0%-13.9%-30.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/20265.5%2.1%-11.9%
5/5/202621.2%20.9%28.3%
2/25/20264.2%0.7%-13.7%
11/5/2025-4.5%8.7%3.4%
8/6/2025-8.9%-6.0%-28.9%
5/7/20253.6%11.7%26.5%
2/26/20250.7%1.3%-4.0%
11/6/20240.6%16.4%74.4%
8/7/20245.9%1.0%-2.9%
5/7/2024-8.9%0.4%-4.1%
2/21/2024-10.0%-9.2%-13.3%
11/1/202313.1%3.9%22.8%
8/2/2023-0.6%-4.5%-10.1%
5/3/20233.9%9.3%38.8%
2/22/202310.7%3.7%-9.8%
11/2/2022-2.2%-13.9%-8.8%
8/11/20226.3%-3.7%-5.2%
5/12/202220.3%23.5%9.0%
3/24/202212.2%24.2%-0.4%
11/12/20213.2%-6.7%-30.0%
SUMMARY STATS   
# Positive14147
# Negative6613
Median Positive5.7%6.3%26.5%
Median Negative-6.7%-6.4%-9.8%
Max Positive21.2%24.2%74.4%
Max Negative-10.0%-13.9%-30.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/06/202610-Q
12/31/202502/27/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/27/202510-K
09/30/202411/06/202410-Q
06/30/202408/08/202410-Q
03/31/202405/08/202410-Q
12/31/202302/27/202410-K
09/30/202311/06/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202203/01/202310-K
09/30/202211/04/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/06/202610-Q
12/31/202502/27/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/27/202510-K
09/30/202411/06/202410-Q
06/30/202408/08/202410-Q
03/31/202405/08/202410-Q
12/31/202302/27/202410-K
09/30/202311/06/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202203/01/202310-K
09/30/202211/04/202210-Q
06/30/202208/12/202210-Q
03/31/202205/13/202210-Q
12/31/202103/28/202210-K
09/30/202111/15/202110-Q
06/30/202108/13/202110-Q

Insider Activity

Updated 9/17/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bevirt, JoebenCEO and Chief ArchitectJoby TrustSell91720266.19606,6673,755,269354,113,664Form
2Brumana, RodrigoChief Financial OfficerDirectSell90320266.898,89861,307763,626Form
3Sciarra, Paul Cahill Sciarra Management TrustSell90320266.6862,500417,500372,096,421Form
4Brumana, RodrigoChief Financial OfficerDirectSell90320266.7737,831256,116810,565Form
5Bowles, GregoryChief Policy OfficerDirectSell82520267.234,57533,0771,388,059Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bevirt, JoebenCEO and Chief ArchitectJoby TrustSell91720266.19606,6673,755,269354,113,664Form
2Brumana, RodrigoChief Financial OfficerDirectSell90320266.898,89861,307763,626Form
3Sciarra, Paul Cahill Sciarra Management TrustSell90320266.6862,500417,500372,096,421Form
4Brumana, RodrigoChief Financial OfficerDirectSell90320266.7737,831256,116810,565Form
5Bowles, GregoryChief Policy OfficerDirectSell82520267.234,57533,0771,388,059Form
6Bowles, GregoryChief Policy OfficerDirectSell82520267.343,53125,9181,442,758Form
7Bevirt, JoebenCEO and Chief ArchitectJoby TrustSell81820267.87596,6674,695,769454,996,526Form
8Sciarra, Paul Cahill Sciarra Management TrustSell81420267.9662,500497,500443,893,834Form
9Bevirt, JoebenCEO and Chief ArchitectJoby TrustSell71720267.75596,6664,624,162452,683,010Form
10Dehoff, KateSee RemarksDirectSell71420267.7314,240110,0751,392,784Form
11Allison, EricChief Product OfficerDirectSell71420267.5327,932210,3285,349,282Form
12Dehoff, KateSee RemarksDirectSell71420267.538,38163,1091,463,975Form
13Bowles, GregoryChief Policy OfficerDirectSell70620269.104,72442,9881,719,318Form
14Simi, Bonny WPresident of OperationsDirectSell70620268.927,83269,8612,066,648Form
15Bowles, GregoryChief Policy OfficerDirectSell70620268.925,15846,0091,727,447Form
16Brumana, RodrigoChief Financial OfficerDirectSell70620268.922,60123,201750,520Form
17Dehoff, KateSee RemarksDirectSell70620268.929,57585,4091,665,676Form
18Bevirt, JoebenCEO and Chief ArchitectDirectSell70620268.9215,788140,8292,137,865Form
19Allison, EricChief Product OfficerDirectSell70620268.929,33083,2246,108,229Form
20Papadopoulos, DidierPresident of Aircraft OEMDirectSell70620268.9212,939115,4161,432,730Form
21Papadopoulos, DidierPresident of Aircraft OEMDirectSell61620269.421,97518,6041,398,446Form
22Papadopoulos, DidierPresident of Aircraft OEMDirectSell61620269.835,99958,9701,478,727Form
23Brumana, RodrigoChief Financial OfficerDirectSell608202611.3078,489886,926923,142Form
24Brumana, RodrigoChief Financial OfficerDirectSell603202611.77140,7161,656,2271,885,354Form
25Dehoff, KateSee RemarksDirectSell603202611.7715,201178,9162,091,929Form
26Sciarra, Paul Cahill Sciarra Management TrustSell603202612.0083,3341,000,008669,936,684Form
27Sciarra, Paul Cahill Sciarra Management TrustSell601202612.02416,6665,008,325672,054,920Form
28Bowles, GregoryChief Policy OfficerDirectSell526202611.474,60252,7852,091,199Form
29Bowles, GregoryChief Policy OfficerDirectSell526202610.743,48637,4402,007,532Form
30Bevirt, JoebenCEO and Chief ArchitectJoby TrustSell515202610.38322,0193,342,557612,496,573Form
31Bevirt, JoebenCEO and Chief ArchitectJoeBen Bevirt 2020 Descendants TrustSell515202610.3899,0001,027,620328,825,965Form
32Allison, EricChief Product OfficerDirectSell508202610.0074,844748,4406,760,080Form
33Bevirt, JoebenCEO and Chief ArchitectDirectSell41720269.0339,963360,8662,030,152Form
34Bevirt, JoebenCEO and Chief ArchitectJoby TrustSell41720269.03322,0182,907,823535,744,446Form
35Bevirt, JoebenCEO and Chief ArchitectJoeBen Bevirt 2020 Descendants TrustSell41720269.0399,000893,970286,953,552Form
36Dehoff, KateSee RemarksDirectSell41420268.7314,295124,7951,427,940Form
37Dehoff, KateSee RemarksDirectSell41420268.208,31068,1421,458,468Form
38Allison, EricChief Product OfficerDirectSell41420268.2027,698227,1246,156,986Form
39Bowles, GregoryChief Policy OfficerDirectSell40920268.873573,1671,589,956Form
40Allison, EricChief Product OfficerDirectSell40920268.878267,3276,430,759Form
41Brumana, RodrigoChief Financial OfficerDirectSell40920268.875665,02063,979Form
42Simi, Bonny WPresident of OperationsDirectSell40920268.875264,6661,937,137Form
43Papadopoulos, DidierPresident of Aircraft OEMDirectSell40920268.878267,3271,286,673Form
44Dehoff, KateSee RemarksDirectSell40920268.876675,9161,508,858Form
45Bevirt, JoebenCEO and Chief ArchitectDirectSell40920268.879868,7462,348,652Form
46Papadopoulos, DidierPresident of Aircraft OEMDirectSell40720268.763,39429,7311,263,928Form
47Bowles, GregoryChief Policy OfficerDirectSell40720268.764,72041,3471,563,397Form
48Papadopoulos, DidierPresident of Aircraft OEMDirectSell40320268.1512,965105,6651,203,576Form
49Bevirt, JoebenCEO and Chief ArchitectDirectSell40320268.1515,823128,9572,150,475Form
50Simi, Bonny WPresident of OperationsDirectSell40320268.157,69662,7221,772,421Form
51Allison, EricChief Product OfficerDirectSell40320268.159,35076,2025,902,442Form
52Brumana, RodrigoChief Financial OfficerDirectSell40320268.151,83914,98850,742Form
53Bowles, GregoryChief Policy OfficerDirectSell40320268.155,16742,1111,492,998Form
54Dehoff, KateSee RemarksDirectSell40320268.159,59478,1911,381,286Form
55Papadopoulos, DidierPresident of Aircraft OEMDirectSell31720269.852,59425,5511,335,079Form
56Papadopoulos, DidierPresident of Aircraft OEMDirectSell31720269.944,23142,0561,373,062Form
57Papadopoulos, DidierPresident of Aircraft OEMDirectSell31120269.901,17211,6031,294,168Form
58Dehoff, KateSee RemarksDirectSell31120269.901,43314,1871,588,980Form
59Bowles, GregoryChief Policy OfficerDirectSell31120269.901,07510,6421,701,404Form
60Brumana, RodrigoChief Financial OfficerDirectSell311202610.251,15911,88030,955Form
61Bevirt, JoebenCEO and Chief ArchitectDirectSell311202610.253,23833,1902,552,742Form
62Simi, Bonny WPresident of OperationsDirectSell311202610.251,72717,7021,511,506Form
63Papadopoulos, DidierPresident of Aircraft OEMDirectSell311202610.251,91519,6291,351,934Form
64Allison, EricChief Product OfficerDirectSell311202610.252,35124,0987,333,629Form
65Dehoff, KateSee RemarksDirectSell311202610.252,19322,4781,659,844Form
66Bowles, GregoryChief Policy OfficerDirectSell311202610.251,17212,0131,772,574Form
67Bowles, GregoryChief Policy OfficerDirectSell22420269.6211,530110,9191,638,863Form
68Bowles, GregoryChief Policy OfficerDirectSell22420269.573,55133,9831,740,687Form
69Bevirt, JoebenCEO and Chief ArchitectDirectSell21720269.9163,636630,6332,437,919Form
70Bevirt, JoebenCEO and Chief ArchitectJoby TrustSell21720269.91386,1823,827,064591,145,513Form
71Bevirt, JoebenCEO and Chief ArchitectJoeBen Bevirt 2020 Descendants TrustSell21720269.91121,0001,199,110315,899,108Form
72Papadopoulos, DidierPresident of Aircraft OEMDirectSell21720269.746,36662,0051,252,058Form
73Dehoff, KateSee RemarksDirectSell21720269.888,53984,3651,579,585Form
74Bevirt, JoebenCEO and Chief ArchitectDirectSell21720269.8814,456142,8253,059,263Form
75Bowles, GregoryChief Policy OfficerDirectSell21720269.884,46444,1041,721,936Form
76Papadopoulos, DidierPresident of Aircraft OEMDirectSell21720269.8810,382102,5741,332,950Form
77Allison, EricChief Product OfficerDirectSell21720269.889,81596,9727,047,088Form
78Simi, Bonny WPresident of OperationsDirectSell21720269.888,65285,4821,427,097Form
79Dehoff, KateSee RemarksDirectSell21120269.9116,235160,8891,480,247Form
80Papadopoulos, DidierPresident of Aircraft OEMDirectSell211202610.148168,2741,183,592Form
81Dehoff, KateSee RemarksDirectSell211202610.551,07611,3521,747,122Form
82Bowles, GregoryChief Policy OfficerDirectSell211202610.558168,6091,735,095Form
83Allison, EricChief Product OfficerDirectSell211202610.551,52616,0997,427,580Form
84Brumana, RodrigoChief Financial OfficerDirectSell211202610.555105,38014,844Form
85Bevirt, JoebenCEO and Chief ArchitectDirectSell211202610.551,59016,7743,105,245Form
86Simi, Bonny WPresident of OperationsDirectSell211202610.551,20212,6811,363,967Form
87Papadopoulos, DidierPresident of Aircraft OEMDirectSell211202610.551,33314,0631,240,058Form
88Bevirt, JoebenCEO and Chief ArchitectJoeBen Bevirt 2020 Descendants TrustSell211202610.62121,0001,285,020339,816,657Form
89Bevirt, JoebenCEO and Chief ArchitectJoby TrustSell211202610.62386,1824,101,253637,599,270Form
90Dehoff, KateSee RemarksDirectSell203202610.488,19485,8731,715,807Form
91Bowles, GregoryChief Policy OfficerDirectSell114202614.725,38379,2382,394,561Form
92Papadopoulos, DidierPresident of Aircraft OEMDirectSell114202614.5380411,6821,674,016Form
93Dehoff, KateSee RemarksDirectSell114202614.7228,260415,9872,198,712Form
94Bowles, GregoryChief Policy OfficerDirectSell114202614.8389413,2582,492,285Form
95Papadopoulos, DidierPresident of Aircraft OEMDirectSell114202614.841,36720,2861,721,663Form
96Dehoff, KateSee RemarksDirectSell114202614.847,092105,2452,636,014Form
97Simi, Bonny WPresident of OperationsDirectSell114202614.841,23218,2831,887,425Form
98Allison, EricChief Product OfficerDirectSell114202614.8421,493318,95610,426,643Form
99Bevirt, JoebenCEO and Chief ArchitectDirectSell114202614.831,63024,1734,323,761Form
100Brumana, RodrigoChief Financial OfficerDirectSell114202614.835237,75610,351Form
101Papadopoulos, DidierPresident of Aircraft OEMDirectSell105202615.846,429101,8641,801,805Form
102Simi, Bonny WPresident of OperationsDirectSell105202613.85110,1731,525,7751,732,692Form
103Dehoff, KateSee RemarksDirectSell105202613.5110,484141,6392,238,553Form
104Allison, EricChief Product OfficerDirectSell105202613.515,44773,5899,019,114Form
105Bowles, GregoryChief Policy OfficerDirectSell105202613.514,19456,6612,247,307Form
106Bevirt, JoebenCEO and Chief ArchitectDirectSell105202613.5123,552318,1883,901,877Form
107Papadopoulos, DidierPresident of Aircraft OEMDirectSell105202613.5111,650157,3921,623,186Form
108Thompson, Michael N JR Child 1Buy102202613.245507,2827,282Form
109Thompson, Michael N JR Child 2Buy102202613.245507,2827,282Form
110Allison, EricChief Product OfficerDirectSell102202613.2532,448429,9368,744,735Form
111Papadopoulos, DidierPresident of Aircraft OEMDirectSell1216202514.081,97927,8641,433,048Form
112Papadopoulos, DidierPresident of Aircraft OEMDirectSell1216202514.995,98789,7451,555,332Form
113Bowles, GregoryChief Policy OfficerDirectSell1125202513.723,93153,9332,182,646Form
114Bowles, GregoryChief Policy OfficerDirectSell1125202513.314,60461,2792,169,743Form
115Dehoff, KateSee RemarksDirectSell1014202517.4820,824363,9642,610,686Form
116Dehoff, KateSee RemarksDirectSell1014202516.848,262139,1322,866,050Form
117Allison, EricChief Product OfficerDirectSell1014202516.8427,537463,72311,660,488Form
118Bowles, GregoryChief Policy OfficerDirectSell1003202518.094,77686,3982,830,434Form
119Papadopoulos, DidierPresident of Aircraft OEMDirectSell1003202518.085,10292,2441,773,720Form
120Allison, EricChief Product OfficerDirectSell1003202516.786,715112,67811,182,460Form
121Bevirt, JoebenCEO and Chief ArchitectDirectSell1003202516.7832,284541,7264,188,070Form
122Bowles, GregoryChief Policy OfficerDirectSell1003202516.783,49358,6132,705,607Form
123Papadopoulos, DidierPresident of Aircraft OEMDirectSell1003202516.7815,439259,0661,731,797Form
124Simi, Bonny WPresident of OperationsDirectSell1003202516.788,272138,8043,678,277Form
125Dehoff, KateSee RemarksDirectSell1003202516.7813,789231,3792,724,904Form
126Bevirt, JoebenCEO and Chief ArchitectJoby TrustSell1003202516.29253,6004,131,144981,849,809Form
127Bevirt, JoebenCEO and Chief ArchitectDirectSell1003202516.29172,4002,808,3963,569,025Form
128Bowles, GregoryChief Policy OfficerDirectSell924202515.7512,900203,1752,414,160Form
129Dehoff, KateSee RemarksDirectSell924202515.7652,907833,8142,354,055Form
130Papadopoulos, DidierPresident of Aircraft OEMDirectSell916202514.221,97928,1411,260,290Form
131Papadopoulos, DidierPresident of Aircraft OEMDirectSell916202514.555,98787,1111,318,332Form
132Sciarra, Paul Cahill Sciarra Management TrustSell916202514.30500,0017,150,014805,491,215Form

Investor Activity (13F)

Updated Sep 17, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Toyota Motor Corp/$1.1 Bil43.5%5Hold13F
Capricorn Investment Group LLC$244.9 Mil40.7%7Hold13F
Delta Air Lines, Inc.$120.5 Mil31.9%3ADD +32.1%13F
Intel Corp$126.5 Mil26.9%3Hold13F
Valueworks LLC$19.7 Mil5.4%35Hold13F
Allen Operations LLC$12.9 Mil1.9%36Hold13F
Uber Technologies, Inc$59.0 Mil1.6%7Hold13F
Lingotto Investment Management LLP$30.9 Mil0.6%34ADD +19.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Delta Air Lines, Inc.$120.5 Mil31.9%3ADD +32.1%13F
Lingotto Investment Management LLP$30.9 Mil0.6%34ADD +19.3%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Toyota Motor Corp/$1.1 Bil43.5%5Hold13F
Capricorn Investment Group LLC$244.9 Mil40.7%7Hold13F
Intel Corp$126.5 Mil26.9%3Hold13F
Delta Air Lines, Inc.$120.5 Mil31.9%3ADD +32.1%13F
Uber Technologies, Inc$59.0 Mil1.6%7Hold13F
Lingotto Investment Management LLP$30.9 Mil0.6%34ADD +19.3%13F
Valueworks LLC$19.7 Mil5.4%35Hold13F
Allen Operations LLC$12.9 Mil1.9%36Hold13F
Core Cache Last Updated: 9/16/2026