Company / R&D Expense
Joby Aviation, Inc. R&D Expense History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$581.1M
FY2025
5-year range
$197.6M / $581.1M
FY2021-FY2025
Trend
+21.8%
vs FY2024
Sector context
#21 of 167
Industrials
What the data says
Joby Aviation, Inc.'s r&d expense of $581M is higher than 87% of companies in the Industrials sector (FY2025). R&D Expense has increased for 5 consecutive years, from $109M in FY2020 to $581M in FY2025.
Based on SEC 10-K filings.
$581M in FY2025 with a 5-year CAGR of +39.8%. Top quartile in the Industrials sector.
Improved from $367M to $581M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +25.2%
- 5-Year CAGR
- +39.8%
- 10-Year CAGR
- -
Sector benchmark
Top 13% in IndustrialsTop 13% of 167This company $581.1M Sector average $283.8M
▼
+104.7% above sector average
Key checks
Key Insights
- Joby Aviation, Inc.'s r&d expense has grown for 5 consecutive years.
- 5-year CAGR of +39.8%, indicating consistent growth.
- In FY2025, r&d expense increased 21.8% year-over-year.
- Ranks #21 out of 167 companies in the Industrials sector.
Company context
Key Data Points
- Altman Z-Score -0.44 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $581.1M | +21.8% |
| FY2024 | $477.2M | +30.0% |
| FY2023 | $367.0M | +23.9% |
| FY2022 | $296.3M | +50.0% |
| FY2021 | $197.6M | +81.7% |
| FY2020 | $108.7M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026