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Archer Aviation (ACHR) Financials

Archer Aviation logo
$6.53 +0.02 (+0.35%)
Closing price 03:59 PM Eastern
Extended Trading
$6.52 -0.01 (-0.12%)
As of 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Archer Aviation

Annual Income Statements for Archer Aviation

This table shows Archer Aviation's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -25 -348 -317 -458 -537 -618
Consolidated Net Income / (Loss)		 -25 -348 -317 -458 -537 -618
Net Income / (Loss) Continuing Operations		 -25 -348 -317 -458 -537 -618
Total Pre-Tax Income 		-25 -348 -317 -457 -537 -618
Total Operating Income		 -25 -358 -347 -447 -510 -729
Total Gross Profit		 0.00 0.00 0.00 0.00 0.00 0.00
Total Revenue		 0.00 0.00 0.00 0.00 0.00 0.30
Operating Revenue		 - - - 0.00 0.00 0.30
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.30
Operating Cost of Revenue		 - - - 0.00 0.00 0.30
Total Operating Expenses		 25 358 347 447 510 729
Selling, General & Admin Expense		 3.50 177 165 168 152 235
Research & Development Expense		 21 64 172 276 358 494
Other Operating Expenses / (Income)		 0.00 117 11 2.10 0.00 0.00
Total Other Income / (Expense), net		 -0.20 11 30 -11 -27 111
Interest & Investment Income		 - -1.00 2.30 16 22 53
Other Income / (Expense), net		 0.00 11 28 -27 -49 59
Income Tax Expense		 - 0.00 0.00 0.50 0.20 0.30
Basic Earnings per Share		 ($0.49) ($3.14) ($1.32) ($1.69) ($1.42) ($0.99)
Weighted Average Basic Shares Outstanding		 50.16M 110.84M 240.48M 270.41M 376.73M 624.31M
Diluted Earnings per Share		 ($0.49) ($3.14) ($1.32) ($1.69) ($1.42) ($0.99)
Weighted Average Diluted Shares Outstanding		 50.16M 110.84M 240.48M 270.41M 376.73M 624.31M
Weighted Average Basic & Diluted Shares Outstanding		 - 234.96M 247.36M 310.57M 542.47M 744.54M

Quarterly Income Statements for Archer Aviation

This table shows Archer Aviation's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -52 -109 -117 -107 -115 -198 -93 -206 -130 -189 -218
Consolidated Net Income / (Loss)		 -52 -109 -117 -107 -115 -198 -93 -206 -130 -189 -218
Net Income / (Loss) Continuing Operations		 -52 -109 -117 -107 -115 -198 -93 -206 -130 -189 -218
Total Pre-Tax Income 		-52 -109 -116 -107 -115 -198 -93 -206 -130 -189 -218
Total Operating Income		 -46 -107 -142 -121 -122 -124 -144 -176 -175 -234 -255
Total Gross Profit		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 1.60
Total Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 0.30 1.60
Operating Revenue		 - - - - - - 0.00 - - - 1.60
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 0.30 0.00
Total Operating Expenses		 46 107 142 121 122 124 144 176 175 234 256
Selling, General & Admin Expense		 -22 28 59 31 32 30 40 54 54 87 83
Research & Development Expense		 68 80 84 90 90 95 104 122 121 147 172
Other Operating Expenses / (Income)		 0.00 - - - - - 0.00 - - - 1.30
Total Other Income / (Expense), net		 -5.30 -1.60 26 14 6.90 -74 51 -30 45 46 37
Interest & Investment Income		 5.10 5.60 5.30 5.10 5.50 6.00 8.70 10 16 18 16
Other Income / (Expense), net		 -10 -7.20 21 9.30 1.40 -80 42 -40 29 28 21
Income Tax Expense		 0.10 0.20 0.20 0.10 0.10 -0.20 0.10 0.10 0.10 - 0.10
Basic Earnings per Share		 ($0.19) ($0.31) ($0.36) ($0.32) ($0.29) ($0.45) ($0.17) ($0.36) ($0.20) ($0.26) ($0.28)
Weighted Average Basic Shares Outstanding		 277.68M 270.41M 320.26M 334.07M 397.52M 376.73M 540.43M 579.17M 660.89M 624.31M 766.85M
Diluted Earnings per Share		 ($0.19) ($0.31) ($0.36) ($0.32) ($0.29) ($0.45) ($0.17) ($0.36) ($0.20) ($0.26) ($0.28)
Weighted Average Diluted Shares Outstanding		 277.68M 270.41M 320.26M 334.07M 397.52M 376.73M 540.43M 579.17M 660.89M 624.31M 766.85M
Weighted Average Basic & Diluted Shares Outstanding		 300.78M 310.57M 323.56M 355.55M 425.27M 542.47M 549.01M 645.03M 651.34M 744.54M 759.60M

Annual Cash Flow Statements for Archer Aviation

This table details how cash moves in and out of Archer Aviation's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 27 710 -675 399 370 188
Net Cash From Operating Activities		 -23 -108 -200 -272 -369 -433
Net Cash From Continuing Operating Activities		 -23 -108 -200 -272 -369 -433
Net Income / (Loss) Continuing Operations		 -25 -348 -317 -458 -537 -618
Consolidated Net Income / (Loss)		 -25 -348 -317 -458 -537 -618
Depreciation Expense		 0.20 1.30 4.40 6.50 12 20
Amortization Expense		 0.00 0.20 -4.40 -1.60 0.00 0.70
Non-Cash Adjustments To Reconcile Net Income		 0.50 236 94 171 170 166
Changes in Operating Assets and Liabilities, net		 1.30 1.50 23 11 -14 -1.10
Net Cash From Investing Activities		 -1.90 -3.50 -464 421 -82 -1,176
Net Cash From Continuing Investing Activities		 -1.90 -3.50 -464 421 -82 -1,176
Purchase of Property, Plant & Equipment		 -1.40 -3.50 -6.90 -44 -82 -79
Acquisitions		 -0.50 - - 0.00 0.00 -152
Purchase of Investments		 - 0.00 -487 0.00 0.00 -1,048
Sale and/or Maturity of Investments		 - 0.00 30 465 0.00 103
Net Cash From Financing Activities		 51 822 -9.90 250 820 1,796
Net Cash From Continuing Financing Activities		 51 822 -9.90 250 820 1,796
Repayment of Debt		 0.00 -0.20 -10 -10 -0.70 0.00
Repurchase of Common Equity		 - 0.00 0.00 -7.20 -25 -69
Issuance of Debt		 0.90 20 0.00 7.50 58 0.00
Issuance of Common Equity		 0.00 600 0.00 243 650 1,819
Other Financing Activities, net		 0.00 202 0.10 17 138 46
Cash Interest Paid		 0.00 0.70 1.50 0.80 2.50 4.10

Quarterly Cash Flow Statements for Archer Aviation

This table details how cash moves in and out of Archer Aviation's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 54 2.80 -59 -45 141 333 196 694 -1,128 426 -70
Net Cash From Operating Activities		 -67 -84 -87 -81 -97 -104 -95 -103 -106 -129 -149
Net Cash From Continuing Operating Activities		 -67 -84 -87 -81 -97 -104 -95 -103 -106 -129 -149
Net Income / (Loss) Continuing Operations		 -52 -109 -117 -107 -115 -198 -93 -206 -130 -189 -218
Consolidated Net Income / (Loss)		 -52 -109 -117 -107 -115 -198 -93 -206 -130 -189 -218
Depreciation Expense		 2.10 2.30 2.30 2.60 3.30 3.50 4.10 4.80 5.10 6.00 7.80
Amortization Expense		 0.20 0.20 - - - - 0.00 - - 0.60 1.60
Non-Cash Adjustments To Reconcile Net Income		 -10 27 28 15 22 106 -11 92 24 60 50
Changes in Operating Assets and Liabilities, net		 -7.10 -4.60 0.20 8.80 -7.60 -15 5.70 5.40 -4.90 -7.30 8.80
Net Cash From Investing Activities		 -16 -9.00 -17 -21 -20 -24 -10 -24 -1,069 -73 79
Net Cash From Continuing Investing Activities		 -16 -9.00 -17 -21 -20 -24 -10 -24 -1,069 -73 79
Purchase of Property, Plant & Equipment		 -16 -9.00 -17 -21 -20 -24 -10 -19 -20 -30 -33
Acquisitions		 - - - - - - 0.00 - -0.10 -147 -3.70
Sale and/or Maturity of Investments		 - - - - - - 0.00 - - - 115
Net Cash From Financing Activities		 137 96 45 56 258 462 300 821 46 629 0.00
Net Cash From Continuing Financing Activities		 137 96 45 56 258 462 300 821 46 629 0.00
Repayment of Debt		 -2.50 -2.80 -0.10 -0.20 -0.30 -0.10 0.00 - - - -0.10
Repurchase of Common Equity		 - - 0.00 - - -17 -12 -33 0.10 -25 0.00
Issuance of Common Equity		 145 92 34 42 234 479 312 3.80 46 1,759 0.00
Other Financing Activities, net		 - -1.20 0.00 - -0.30 - 0.00 850 - -1,106 0.10

Annual Balance Sheets for Archer Aviation

This table presents Archer Aviation's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 42 768 574 554 1,001 2,466
Total Current Assets		 37 755 546 480 858 2,076
Cash & Equivalents		 37 747 69 465 835 1,022
Restricted Cash		 - 0.30 2.90 6.90 6.80 7.30
Short-Term Investments		 - 0.00 462 - 0.00 943
Prepaid Expenses		 0.80 7.60 9.80 7.90 13 47
Other Current Assets		 0.00 0.30 1.60 0.80 4.60 57
Plant, Property, & Equipment, net		 1.60 5.90 12 58 127 254
Total Noncurrent Assets		 2.80 7.70 17 17 16 136
Goodwill		 - - - - 0.00 0.10
Intangible Assets		 0.50 0.50 0.40 0.40 0.30 80
Other Noncurrent Operating Assets		 2.30 7.20 16 16 16 56
Total Liabilities & Shareholders' Equity		 42 768 574 554 1,001 2,466
Total Liabilities		 5.90 70 81 187 249 263
Total Current Liabilities		 3.80 28 53 114 71 104
Short-Term Debt		 0.60 9.50 9.30 - 0.00 0.80
Accounts Payable		 2.10 3.40 3.60 14 15 30
Other Current Liabilities		 1.10 15 40 100 57 73
Total Noncurrent Liabilities		 2.10 41 27 73 178 159
Long-Term Debt		 0.30 9.30 0.00 7.20 64 80
Other Noncurrent Operating Liabilities		 1.80 32 27 66 114 79
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 36 699 493 367 753 2,203
Total Preferred & Common Equity		 36 699 493 367 753 2,203
Preferred Stock		 0.00 0.00 0.00 0.00 - 0.00
Total Common Equity		 36 699 493 367 753 2,203
Common Stock		 62 1,073 1,185 1,516 2,439 4,508
Retained Earnings		 -26 -374 -691 -1,149 -1,686 -2,304
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 -0.80 0.00 -0.30 -1.40

Quarterly Balance Sheets for Archer Aviation

This table presents Archer Aviation's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 638 506 482 540 511 484 652 1,215 1,938 1,900 2,323
Total Current Assets		 615 466 423 476 422 375 523 1,065 1,757 1,692 1,900
Cash & Equivalents		 113 299 408 461 406 360 502 1,030 1,724 596 951
Restricted Cash		 2.90 7.20 7.20 7.30 6.70 6.70 6.70 6.50 6.50 7.30 7.30
Short-Term Investments		 488 151 0.00 0.00 - - - - - 1,046 825
Prepaid Expenses		 11 6.70 6.60 3.90 7.70 5.40 11 22 23 31 58
Other Current Assets		 1.00 2.10 1.20 3.10 1.80 2.50 3.60 5.80 3.70 13 59
Plant, Property, & Equipment, net		 9.90 25 42 50 72 93 113 132 148 168 279
Total Noncurrent Assets		 12 15 17 14 17 16 15 18 33 40 144
Goodwill		 - - - - - - - - - - 2.40
Intangible Assets		 0.40 0.40 0.40 0.40 0.40 0.40 0.40 0.30 5.50 5.30 82
Other Noncurrent Operating Assets		 12 15 16 14 16 16 15 17 28 34 60
Total Liabilities & Shareholders' Equity		 638 506 482 540 511 484 652 1,215 1,938 1,900 2,323
Total Liabilities		 80 96 205 175 132 150 184 203 257 245 243
Total Current Liabilities		 44 64 158 117 70 84 87 67 79 93 105
Short-Term Debt		 9.40 7.00 4.60 2.30 - - - - - - 1.40
Accounts Payable		 5.20 6.40 15 16 14 25 24 15 23 24 25
Other Current Liabilities		 29 51 139 99 56 59 63 53 56 69 78
Total Noncurrent Liabilities		 37 32 48 58 62 66 97 136 179 152 138
Long-Term Debt		 2.30 - - - 18 33 64 64 64 64 79
Capital Lease Obligations		 7.60 8.80 - 14 12 - 11 10 - 19 37
Other Noncurrent Operating Liabilities		 27 23 48 45 31 34 22 62 115 69 23
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 557 410 276 365 379 334 468 1,011 1,681 1,654 2,079
Total Preferred & Common Equity		 557 410 276 365 379 334 468 1,011 1,681 1,654 2,079
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 557 410 276 365 379 334 468 1,011 1,681 1,654 2,079
Common Stock		 1,154 1,214 1,264 1,404 1,645 1,706 1,955 2,791 3,666 3,772 4,604
Retained Earnings		 -596 -804 -988 -1,040 -1,265 -1,372 -1,488 -1,779 -1,985 -2,115 -2,522
Accumulated Other Comprehensive Income / (Loss)		 -1.20 -0.10 0.00 0.00 0.00 -0.10 -0.10 -0.20 -0.10 -2.40 -3.20

Annual Metrics And Ratios for Archer Aviation

This table displays calculated financial ratios and metrics derived from Archer Aviation's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - 651,341,543.00
DEI Adjusted Shares Outstanding		 - - - - - 651,341,543.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -0.95
Growth Metrics		 - - - - - -
Profitability Metrics		 - - - - - -
Net Operating Profit after Tax (NOPAT)		 -17 -251 -243 -313 -357 -511
Return On Investment Capital (ROIC_SIMPLE)		 - - -48.38% -83.58% -43.69% -22.36%
Earnings before Interest and Taxes (EBIT)		 -25 -348 -320 -474 -559 -671
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -24 -346 -320 -469 -547 -650
Valuation Ratios		 - - - - - -
Leverage & Solvency		 - - - - - -
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -221 -241 -247 -429 -846
Efficiency Ratios		 - - - - - -
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.20 -29 -32 -97 -25 311
Increase / (Decrease) in Invested Capital		 0.00 -29 -2.30 -66 73 336
Book Value per Share		 $0.56 $2.94 $2.03 $1.22 $1.77 $3.38
Tangible Book Value per Share		 $0.55 $2.94 $2.03 $1.22 $1.77 $3.26
Total Capital		 37 718 503 374 817 2,283
Total Debt		 0.90 19 9.30 7.20 64 80
Total Long-Term Debt		 0.30 9.30 0.00 7.20 64 80
Net Debt		 -36 -728 -525 -464 -777 -1,892
Capital Expenditures (CapEx)		 1.40 3.50 6.90 44 82 79
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2.40 -11 -33 -105 -54 0.50
Debt-free Net Working Capital (DFNWC)		 34 736 502 366 787 1,973
Net Working Capital (NWC)		 34 727 492 366 787 1,972
Net Nonoperating Expense (NNE)		 7.58 97 74 145 180 108
Net Nonoperating Obligations (NNO)		 -36 -728 -525 -464 -777 -1,892
Total Depreciation and Amortization (D&A)		 0.20 1.50 0.00 4.90 12 21
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($3.14) ($1.32) ($1.69) ($1.42) ($0.99)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 110.84M 240.48M 270.41M 376.73M 624.31M
Adjusted Diluted Earnings per Share		 $0.00 ($3.14) ($1.32) ($1.69) ($1.42) ($0.99)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 110.84M 240.48M 270.41M 376.73M 624.31M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 234.96M 247.36M 310.57M 542.47M 744.54M
Normalized Net Operating Profit after Tax (NOPAT)		 -17 -251 -243 -313 -357 -511
Debt Service Ratios		 - - - - - -
Payout Ratios		 - - - - - -

Quarterly Metrics And Ratios for Archer Aviation

This table displays calculated financial ratios and metrics derived from Archer Aviation's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 651,341,543.00 744,538,832.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 651,341,543.00 744,538,832.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.29 -0.29
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
EBITDA Growth		 41.23% -14.52% -3.29% 41.58% -116.21% -79.29% 17.94% -93.32% -20.10% - -129.42%
EBIT Growth		 38.81% -19.15% -6.02% 40.48% -113.25% -78.43% 16.12% -93.12% -21.04% - -129.41%
NOPAT Growth		 50.75% 0.74% -26.96% 33.19% -164.29% -15.75% -1.27% -45.30% -43.16% - -76.81%
Net Income Growth		 43.30% -14.36% -3.01% 41.93% -123.45% -81.58% 19.83% -92.70% -12.66% - -133.08%
EPS Growth		 50.00% 20.51% 21.74% 56.16% -52.63% -45.16% 52.78% -12.50% 31.03% - -64.71%
Operating Cash Flow Growth		 -31.50% -25.00% -35.79% -40.98% -45.51% -24.29% -9.36% -28.45% -8.64% - -57.61%
Free Cash Flow Firm Growth		 130.83% 87.17% -95.93% -1,081.49% -816.00% -1,594.37% -19.04% 36.72% 14.90% - -256.42%
Invested Capital Growth		 -227.41% -208.57% 91.03% 99.70% 138.69% 74.59% 1,839.29% 3,725.00% 159.94% - 748.67%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 433.33%
EBITDA Q/Q Growth		 70.98% -106.26% -6.52% 8.38% -7.41% -71.04% 51.25% -115.83% 33.27% - -12.36%
EBIT Q/Q Growth		 69.89% -102.30% -6.20% 7.98% -7.86% -69.26% 50.07% -111.86% 32.39% - -13.32%
NOPAT Q/Q Growth		 74.53% -132.25% -32.53% 14.77% -0.74% -1.72% -15.94% -22.29% 0.74% - -8.62%
Net Income Q/Q Growth		 71.97% -111.43% -6.78% 8.24% -7.86% -71.81% 52.85% -120.56% 36.94% - -15.25%
EPS Q/Q Growth		 73.97% -63.16% -16.13% 11.11% 9.38% -55.17% 62.22% -111.76% 44.44% - -7.69%
Operating Cash Flow Q/Q Growth		 -16.99% -25.75% -2.98% 6.94% -20.75% -7.41% 9.39% -9.30% -2.13% - -15.31%
Free Cash Flow Firm Q/Q Growth		 257.25% -132.38% -1,259.62% -70.66% 4.70% 23.37% 4.48% 9.28% -28.15% - -8.59%
Invested Capital Q/Q Growth		 33.98% -9.95% 97.12% 85.71% 8,650.00% -172.22% 297.17% -70.23% 513.10% - 32.85%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 100.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -14,037.50%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -15,912.50%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -14,625.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -13,606.25%
Tax Burden Percent		 100.19% 100.18% 100.17% 100.09% 100.09% 99.90% 100.11% 100.05% 100.08% - 100.05%
Interest Burden Percent		 90.99% 95.11% 95.64% 95.44% 95.44% 97.06% 91.47% 95.28% 88.84% - 92.99%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -91.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -88.61%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 75.37%
Return on Equity (ROE)		 -96.39% -106.44% -116.89% -125.87% -107.62% -95.88% -73.89% -60.83% -59.13% - -16.25%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% -1,367.13% 0.00% -840.97% -2,837.10% -792.97% - -412.35%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -15.71%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -14.62%
Return on Common Equity (ROCE)		 -96.39% -106.44% -116.89% -125.87% -107.62% -95.87% -73.89% -60.83% -59.13% - -16.25%
Return on Equity Simple (ROE_SIMPLE)		 -121.87% 0.00% -121.65% -115.00% -95.75% 0.00% -50.80% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 -32 -75 -100 -85 -85 -87 -101 -123 -122 -164 -178
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -11,138.75%
Net Nonoperating Expense Percent (NNEP)		 -3.71% -6.87% -4.12% -5.93% -6.73% -17.91% 1.10% -8.27% -0.75% - -3.00%
Return On Investment Capital (ROIC_SIMPLE)		 - -20.07% - - - -10.65% -9.29% -7.06% -7.04% -7.19% -8.11%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 5,200.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 10,731.25%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 16,012.50%
Earnings before Interest and Taxes (EBIT)		 -57 -115 -122 -112 -121 -204 -102 -216 -146 -207 -234
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -54 -112 -119 -109 -117 -201 -98 -211 -141 -200 -225
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.55 5.03 3.78 3.41 2.30 5.51 3.81 3.54 3.74 - 1.85
Price to Tangible Book Value (P/TBV)		 3.55 5.04 3.79 3.41 2.31 5.51 3.82 3.56 3.75 - 1.93
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 2,025.93
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 18.83 0.00 59.43 295.89 51.90 - 5.28
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 1,149.03
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.04 0.02 0.08 0.10 0.16 0.09 0.07 0.04 0.05 - 0.06
Long-Term Debt to Equity		 0.04 0.02 0.08 0.10 0.16 0.09 0.07 0.04 0.05 - 0.06
Financial Leverage		 -1.13 -1.15 -1.04 -1.22 -1.07 -1.11 -0.97 -0.99 -0.94 - -0.85
Leverage Ratio		 1.28 1.31 1.29 1.58 1.43 1.39 1.24 1.20 1.20 - 1.14
Compound Leverage Factor		 1.16 1.25 1.23 1.51 1.37 1.35 1.14 1.15 1.07 - 1.06
Debt to Total Capital		 4.15% 1.92% 7.44% 8.92% 13.80% 7.84% 6.84% 3.67% 4.79% - 5.33%
Short-Term Debt to Total Capital		 0.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.06%
Long-Term Debt to Total Capital		 3.55% 1.92% 7.44% 8.92% 13.80% 7.84% 6.84% 3.67% 4.79% - 5.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 95.85% 98.08% 92.56% 91.08% 86.20% 92.15% 93.16% 96.33% 95.21% - 94.67%
Debt to EBITDA		 -0.03 -0.02 -0.06 -0.08 -0.16 -0.12 -0.14 -0.10 -0.13 - -0.15
Net Debt to EBITDA		 1.00 0.99 0.81 0.85 0.95 1.42 1.83 2.66 2.41 - 2.15
Long-Term Debt to EBITDA		 -0.03 -0.02 -0.06 -0.08 -0.16 -0.12 -0.14 -0.10 -0.13 - -0.15
Debt to NOPAT		 -0.05 -0.02 -0.09 -0.11 -0.22 -0.18 -0.21 -0.16 -0.19 - -0.20
Net Debt to NOPAT		 1.45 1.48 1.14 1.15 1.26 2.18 2.69 4.20 3.61 - 2.83
Long-Term Debt to NOPAT		 -0.04 -0.02 -0.09 -0.11 -0.22 -0.18 -0.21 -0.16 -0.19 - -0.20
Altman Z-Score		 2.19 3.13 3.11 0.55 0.51 7.92 10.04 13.12 14.31 - 8.56
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.07 4.21 6.01 4.49 6.03 12.07 15.80 22.30 18.19 - 18.06
Quick Ratio		 3.94 4.08 5.78 4.31 5.79 11.74 15.29 21.88 17.65 - 16.88
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 29 -9.41 -128 -218 -208 -159 -152 -138 -177 -500 -543
Operating Cash Flow to CapEx		 -422.78% -933.33% -500.00% -385.17% -495.92% -431.41% -946.00% -547.09% -520.20% - -457.36%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.01
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.01
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 24,455.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -24,455.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -88 -97 -2.80 -0.40 34 -25 49 15 89 311 413
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.01
Increase / (Decrease) in Invested Capital		 -61 -66 28 134 123 73 52 15 55 336 365
Enterprise Value (EV)		 841 1,382 1,053 805 644 3,369 2,894 4,290 4,614 - 2,183
Market Capitalization		 1,294 1,847 1,435 1,139 1,077 4,146 3,857 5,957 6,179 - 3,849
Book Value per Share		 $1.43 $1.22 $1.22 $1.03 $1.32 $1.77 $1.86 $3.06 $2.56 $3.38 $2.79
Tangible Book Value per Share		 $1.42 $1.22 $1.22 $1.03 $1.31 $1.77 $1.86 $3.05 $2.56 $3.26 $2.68
Total Capital		 380 374 410 367 543 817 1,086 1,745 1,738 2,283 2,197
Total Debt		 16 7.20 31 33 75 64 74 64 83 80 117
Total Long-Term Debt		 14 7.20 31 33 75 64 74 64 83 80 116
Net Debt		 -453 -464 -382 -334 -434 -777 -963 -1,666 -1,565 -1,892 -1,666
Capital Expenditures (CapEx)		 16 9.00 17 21 20 24 10 19 20 30 33
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -108 -105 -61 -76 -72 -54 -39 -52 -50 0.50 13
Debt-free Net Working Capital (DFNWC)		 361 366 352 291 436 787 998 1,678 1,599 1,973 1,796
Net Working Capital (NWC)		 359 366 352 291 436 787 998 1,678 1,599 1,972 1,795
Net Nonoperating Expense (NNE)		 19 34 17 22 30 111 -7.40 83 7.54 25 39
Net Nonoperating Obligations (NNO)		 -453 -464 -382 -334 -434 -777 -963 -1,666 -1,565 -1,892 -1,666
Total Depreciation and Amortization (D&A)		 2.30 2.50 2.30 2.60 3.30 3.50 4.10 4.80 5.10 6.60 9.40
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 673.68%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 94,526.32%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 94,452.63%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.19) ($0.31) ($0.36) ($0.32) ($0.29) ($0.45) ($0.17) ($0.36) ($0.20) ($0.26) ($0.28)
Adjusted Weighted Average Basic Shares Outstanding		 277.68M 270.41M 320.26M 334.07M 397.52M 376.73M 540.43M 579.17M 660.89M 624.31M 766.85M
Adjusted Diluted Earnings per Share		 ($0.19) ($0.31) ($0.36) ($0.32) ($0.29) ($0.45) ($0.17) ($0.36) ($0.20) ($0.26) ($0.28)
Adjusted Weighted Average Diluted Shares Outstanding		 277.68M 270.41M 320.26M 334.07M 397.52M 376.73M 540.43M 579.17M 660.89M 624.31M 766.85M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 300.78M 310.57M 323.56M 355.55M 425.27M 542.47M 549.01M 645.03M 651.34M 744.54M 759.60M
Normalized Net Operating Profit after Tax (NOPAT)		 -32 -75 -100 -85 -85 -87 -101 -123 -122 -164 -178
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -11,138.75%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -13,600.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 -1.35% -1.31% 0.00% 0.00% -1.59% -4.53% -6.99% -11.15% -9.74% - -7.74%

Financials Breakdown Chart

Key Financial Trends

Archer Aviation (ACHR) has been in a heavy investment, pre-revenue phase for several years. The latest Q4 2025 results show a small step toward revenue generation, but operating losses persist as R&D and SG&A remain outsized. Below are the most relevant trends observed across the last four years of quarterly data.

  • Strong liquidity boost from equity financing in late 2025: Issuance of Common Equity in Q4 2025 totaled about $1.76B, with net cash from continuing financing activities around $628.7M and a net cash increase of about $426M for the quarter. This provides a substantial runway to fund ongoing development and scale efforts.
  • Substantial cash and investments on hand (mid-2025): Cash & equivalents were about $1.72B and short-term investments around $1.05B in Q2 2025, highlighting strong liquidity headroom to support operations and R&D.
  • First clear revenue in late 2025, signaling early top-line traction: Q4 2025 total revenue was $0.3M with cost of revenue also at $0.3M, indicating initial revenue generation steps alongside ongoing spend.
  • Equity base supports a large positive equity balance on the books: Total equity roughly $1.65B in mid-2025 (Q3 2025), providing a solid cushion relative to ongoing losses.
  • Moderate debt position relative to equity: Long-term debt around $64M and total liabilities about $245M (Q3 2025), suggesting manageable leverage given the current capital structure.
  • Ongoing high operating costs despite revenue: In Q4 2025, SG&A was $87.3M and R&D was $147.1M, with total operating expenses of $234.4M, underscoring continued cash burn before scale occurs.
  • Persistent negative cash flow from operations in recent quarters: Net cash from continuing operating activities was negative in multiple periods (e.g., Q4 2025 about -$129.3M; Q3 2025 about -$105.6M; Q2 2025 about -$103.4M), indicating ongoing cash burn from core operations despite financing support.
  • Revenue scale remains far from profitability: Even with a small quarterly revenue in late 2025, revenue levels are a fraction of operating expenses, implying profitability is likely contingent on substantial top-line growth and/or cost efficiencies over time.
  • Continued quarterly losses at the bottom line: Q4 2025 net income attributable to common shareholders was -$188.9M; similar sizable losses occurred in recent prior quarters (e.g., Q3 2025 and Q2 2025). This underscores ongoing profitability challenges in the near term.
  • The company remains financing-dependent for runway: The large equity issuance in 2025 indicates reliance on capital raises; future funding conditions could affect liquidity if capital markets tighten or investor demand shifts.
05/27/26 07:32 PM ETAI Generated. May Contain Errors.

Archer Aviation Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Archer Aviation's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Archer Aviation's net income appears to be on an upward trend, with a most recent value of -$618.20 million in 2025, rising from -$24.80 million in 2020. The previous period was -$536.80 million in 2024. Check out Archer Aviation's forecast to explore projected trends and price targets.

Archer Aviation's total operating income in 2025 was -$729.30 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $729.30 million

Over the last 5 years, Archer Aviation's total revenue changed from $0.00 in 2020 to $300 thousand in 2025, a change of 30,000,000.0%.

Archer Aviation's total liabilities were at $263.10 million at the end of 2025, a 5.8% increase from 2024, and a 4,359.3% increase since 2020.

In the past 5 years, Archer Aviation's cash and equivalents has ranged from $36.60 million in 2020 to $1.02 billion in 2025, and is currently $1.02 billion as of their latest financial filing in 2025.

Over the last 5 years, Archer Aviation's book value per share changed from 0.56 in 2020 to 3.38 in 2025, a change of 506.4%.


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Financial statements for NYSE:ACHR last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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