Investor Warns of ’Frothy Valuations’ in Joby Aviation Amid Post-Earnings Slump

Joby Aviation's stock has plummeted over 20% since its disappointing Q2 2025 earnings report, missing both revenue ($20k actual vs. $1.57M projected) and EPS (-$0.41 vs. -$0.19 estimates). The electric aircraft developer now faces mounting skepticism despite year-to-date gains exceeding 80%.

Contrarian investor JR Research issued a stark warning: 'Given frothy valuations and unproven fundamentals, I'm urging investors still sitting on substantial gains to exit before this bubble implodes.' The pseudonymous analyst, ranked among TipRanks' top performers, emphasized the disconnect between Joby's market capitalization and its nascent commercialization efforts.

Not all developments signal trouble. The company achieved milestones in FAA certification progress and secured a potential $1 billion partnership with Saudi Arabia's Abdul Latif Jameel. Its acquisition of Blade Air Mobility's urban heliport licenses positions Joby for first-mover advantage in key Western markets.