secwatch.observer — SEC 8-K summary
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Issuer:     Joby Aviation, Inc. (JOBY)
CIK:        0001819848
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001819848-25-000193
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Joby Aviation Q4 net loss $246.3M, cash $933M; certification Stage 4 progress
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- Net loss of $246.3M in Q4 2024, from operating loss of $149.9M and non-cash revaluation loss of $106.7M.
- Adjusted EBITDA loss of $118.7M, up $22.5M from Q4 2023, reflecting higher employee costs for certification and manufacturing.
- Cash, cash equivalents, and marketable securities totaled $933M; Toyota $500M commitment pending, with first $250M tranche regulatory clearances secured.
- Stage 4 certification: Joby side >50% complete (12pp increase), FAA side 31% complete (10pp increase); first FAA for-credit aerostructure test passed.
- Second aircraft delivered to Edwards AFB; flight test fleet now five aircraft; first passengers targeted late 2025 or early 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819848/000181984825000193/0001819848-25-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819848/000181984825000193/joby-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001819848-25-000193

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer