Joby Aviation, Inc. (JOBY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 37.2% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
940M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

JOBY currently has 944M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 37.2% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 943.5M shares outstanding

940M 0
Oct 08, 2025

8-K filing: Joby Aviation, Inc. announced a public offering of 30,500,000 shares of common stock at a price of $16.85 per share, with an option for underwriters to purchase up to 4,575,000 additional shares. ($500.5M proceeds)

770M 0
Aug 29, 2025

8-K filing: Joby Aviation, Inc. filed two prospectus supplements relating to the resale of common stock issued in connection with the acquisition of Strata Critical Medical, Inc. and the closing of the first tranche under the amended restated stock purchase agreement with Toyota Motor Corporation. ($250.0M proceeds)

770M 0
May 08, 2025

10-Q filing | 766.9M shares outstanding

770M 0
Feb 27, 2025

10-K filing | 787.8M shares outstanding

790M 0
Nov 06, 2024

10-Q filing | 695.0M shares outstanding

700M 0
Aug 08, 2024

10-Q filing | 689.3M shares outstanding

690M 0
May 08, 2024

10-Q filing | 681.7M shares outstanding

680M 0
Feb 27, 2024

10-K filing | 647.9M shares outstanding

650M 0
Nov 06, 2023

10-Q filing | 691.5M shares outstanding

690M 0
Aug 04, 2023

10-Q filing | 636.7M shares outstanding

640M 0
Jun 29, 2023

8-K filing: Joby Aviation, Inc. entered into a Subscription Agreement with SK Telecom, Co., Ltd., pursuant to which SKT subscribed for and purchased from the Company 15,037,594 shares of the Company's common stock at $6.65 per share, for an aggregate purchase price of $100,000,000.10. ($100.0M proceeds)

590M 18M
May 05, 2023

10-Q filing | 605.2M shares outstanding

610M 0
May 05, 2023

8-K filing: Joby Aviation, Inc. entered into a common stock purchase agreement for the issuance and sale of 43,985,681 shares of common stock at $4.10 per share in a registered direct offering, with net proceeds estimated at $180.2 million to be used for certification, manufacturing, and general corporate purposes. ($180.2M proceeds)

590M 18M
Mar 01, 2023

10-K filing | 585.5M shares outstanding

590M 18M
Nov 04, 2022

10-Q filing | 584.0M shares outstanding

580M 20M
Oct 11, 2022

8-K filing: Joby Aviation, Inc. entered into an Umbrella Agreement with Delta Air Lines, Inc. to develop a long-term strategic relationship for a premium airport transportation service, and in connection with this, Delta purchased 11,044,232 shares of Joby Aviation's common stock at $5.4327 per share for $60,000,000. ($60.0M proceeds)

580M 23M
Oct 04, 2022

S-3 filing: This S-3 filing describes a redemption feature for warrants that allows for redemption when the common stock price exceeds $10.00, which is below the warrant exercise price of $11.50.

580M 23M
Sep 01, 2022

POS AM filing: This is a POS AM filing registering the resale of common stock and warrants by selling shareholders and affiliates.

580M 23M
Sep 01, 2022

POS AM filing: This POS AM filing registers for resale up to 98,357,200 shares of common stock held by selling shareholders.

580M 23M
Aug 12, 2022

10-Q filing | 581.3M shares outstanding

580M 23M
May 13, 2022

10-Q filing | 606.5M shares outstanding

610M 0
Apr 19, 2022

POS AM filing: This POS AM filing relates to the resale of up to 98,357,200 shares of common stock by selling shareholders.

610M 0
Apr 19, 2022

POS AM filing: This prospectus relates to the resale of shares of common stock and warrants by selling shareholders.

610M 0
Mar 28, 2022

10-K filing | 605.8M shares outstanding

610M 730M
Nov 15, 2021

10-Q filing | 603.9M shares outstanding

600M 730M
Oct 29, 2021

S-1 filing: This S-1 filing registers 98,357,200 shares of common stock for resale by selling shareholders, with a total proposed amount of $871,444,792.00.

600M 730M
Aug 17, 2021

S-1 filing: This S-1 filing registers for resale (i) 427,719,042 shares of common stock issued in connection with the Merger, (ii) 83,500,000 shares of common stock issued in the PIPE Investment, (iii) up to 28,783,333 shares of common stock upon the exercise of outstanding warrants, and (iv) up to 11,533,333 warrants originally purchased in a private placement.

600M 640M
Aug 13, 2021

10-Q filing | 603.9M shares outstanding

600M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime