Joby Aviation, Inc. — Earnings Quality Grade F
JOBY · Industrials
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Revenue grew 39183.1% but CFFO declined -16.9%
Expense Quality
No material inventory
CapEx growth 32.7% vs revenue 39183.1%. Normal
SG&A/Gross Profit = 674.7%, exceeds 70%
Gross margin swung -5.6pp (50.7% → 45.1%)
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF is negative ($-0.6B)
Accruals ratio = -23.4%. Low accruals
Cash $1.4B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 8% of equity. Manageable
Debt/EBITDA = -0.1x. Healthy
Other assets 1.7% vs revenue 39183.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles surged 382% YoY
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25