JOBYJoby Aviation, Inc.
Is it safe?
Forensics clean, with a caveat: a safe balance sheet, but heavy debt (BB) and big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$15.6M, 90 days to Oct 8, 2026), selling is often routine.
Net cash, but unprofitable, speculative. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -80% · now 72% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can JOBY take a bad year?
Joby Aviation, Inc. holds $1.56B more cash than debt, and is burning $186M a quarter, about 3.0 years of cover.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Altman Z-score
- 11.05
Altman Z-score · safe zone, above 3
- Cash runway
- 3.0 years
Cash runway · burning $186M a quarter at the current rate
Details›
- Total debtQ2 2026
- $702M
- Cash and short-term investments
- $2.26B
- Net cash
- $1.56B
- EBITDA, trailing twelve months
- −$843M
- Operating profit, trailing twelve months
- −$883M
- Debt / equity
- 0.40×
- Annualised volatilitytwo years of daily moves
- 83%
- Worst drawdown on file
- −80%
- Below its 52-week high
- 72%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.