ACHR

MKT CAP:$4B

Archer Aviation Inc.

Market Cap

$4B

Industrials·Aerospace & Defense·🇺🇸 United States·NYSE

Industrials·Aerospace·🇺🇸·NYSE

Stock Price

$6.06-$2.07 (-25.46%)

Apr 22, 2026

Company Details

Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp...

CEO

Adam D. Goldstein

IPO Date

Dec 18, 2020

Website

www.archer.com

Key Metrics TTM

Revenue

$300.0K

— YoY

Net Income

-$618M

EPS (Diluted)

-$0.99

Free Cash Flow

-$512M

Revenue / Share

$0.00

Gross Margin

0.0%

Operating Margin

-243100.0%

Net Margin

-206066.7%

FCF Margin

-170566.7%

P/S

14022.2x

P/E

—

Earnings Reports

Q1 2026

May 11, 2026

PENDING

FY 2025

Mar 2, 2026

$300.0KEPS -$0.99

Q4 2025

Mar 2, 2026

$300.0KEPS -$0.26

Q3 2025

Nov 6, 2025

$0EPS -$0.20

Q2 2025

Aug 11, 2025

$0EPS -$0.36

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$0	$0	-$65M
Q2 22	$0	$0	-$80M
Q3 22	$0	$0	-$94M
Q4 22	$0	$0	-$108M
Q1 23	$0	$0	-$112M
Q2 23	$0	$0	-$181M
Q3 23	$0	-$2M	-$46M
Q4 23	$0	$0	-$107M
Q1 24	$0	$0	-$142M
Q2 24	$0	-$3M	-$121M
Q3 24	$0	$0	-$122M
Q4 24	$0	$0	-$124M
Q1 25	$0	$0	-$144M
Q2 25	$0	-$5M	-$176M
Q3 25	$0	-$5M	-$175M
Q4 25	$300.0K	$10M	-$234M

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	14022.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$37M	-$37M
Q2 22	-$46M	-$47M
Q3 22	-$51M	-$52M
Q4 22	-$67M	-$71M
Q1 23	-$64M	-$75M
Q2 23	-$57M	-$65M
Q3 23	-$67M	-$83M
Q4 23	-$84M	-$93M
Q1 24	-$87M	-$104M
Q2 24	-$81M	-$101M
Q3 24	-$97M	-$117M
Q4 24	-$104M	-$129M
Q1 25	-$95M	-$105M
Q2 25	-$103M	-$122M
Q3 25	-$106M	-$126M
Q4 25	-$129M	-$159M

Capital Expenditures

Quarter	CapEx
Q1 22	$600.0K
Q2 22	$2M
Q3 22	$2M
Q4 22	$3M
Q1 23	$11M
Q2 23	$8M
Q3 23	$16M
Q4 23	$9M
Q1 24	$17M
Q2 24	$21M
Q3 24	$20M
Q4 24	$24M
Q1 25	$10M
Q2 25	$19M
Q3 25	$20M
Q4 25	$30M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	—	-31.2%
Q2 22	—	+137.3%
Q3 22	—	-46.8%
Q4 22	—	+102.8%
Q1 23	—	+71.5%
Q2 23	—	+126.2%
Q3 23	—	-50.7%
Q4 23	—	-0.7%
Q1 24	—	+27.0%
Q2 24	—	-33.2%
Q3 24	—	+164.3%
Q4 24	—	+15.8%
Q1 25	—	+1.3%
Q2 25	—	+45.3%
Q3 25	—	+43.2%
Q4 25	—	+89.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$25M	—
Q2 22	$26M	—
Q3 22	$26M	—
Q4 22	$27M	—
Q1 23	$26M	—
Q2 23	$27M	—
Q3 23	-$27M	—
Q4 23	$20M	—
Q1 24	$41M	—
Q2 24	$23M	—
Q3 24	$21M	—
Q4 24	$24M	—
Q1 25	$30M	—
Q2 25	$52M	—
Q3 25	$53M	—
Q4 25	$89M	29633.3%

OpEx Breakdown

Quarter	R&D	G&A
Q1 22	$28M	$38M
Q2 22	$38M	$42M
Q3 22	$47M	$41M
Q4 22	$59M	$44M
Q1 23	$66M	$44M
Q2 23	$63M	$118M
Q3 23	$66M	—
Q4 23	$80M	$28M
Q1 24	$84M	$59M
Q2 24	$88M	$31M
Q3 24	$90M	$32M
Q4 24	$95M	$30M
Q1 25	$104M	$40M
Q2 25	$118M	$54M
Q3 25	$116M	$53M
Q4 25	$156M	$88M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$704M	$0	$704M
Q2 22	$655M	$0	$655M
Q3 22	$113M	$488M	$601M
Q4 22	$69M	$462M	$531M
Q1 23	$299M	$151M	$450M
Q2 23	$408M	$0	$408M
Q3 23	$461M	$0	$461M
Q4 23	$465M	$0	$465M
Q1 24	$406M	$0	$406M
Q2 24	$360M	$0	$360M
Q3 24	$502M	$0	$502M
Q4 24	$835M	$0	$835M
Q1 25	$1.0B	$0	$1.0B
Q2 25	$1.7B	$0	$1.7B
Q3 25	$596M	$1.0B	$1.6B
Q4 25	$1.0B	$943M	$2.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	240M	+0.4%	-0.3%
Q2 22	238M	-0.7%	-1.1%
Q3 22	240M	+0.9%	+0.4%
Q4 22	242M	+0.6%	+1.2%
Q1 23	247M	+2.3%	+3.1%
Q2 23	251M	+1.5%	+5.4%
Q3 23	278M	+10.6%	+15.6%
Q4 23	304M	+9.4%	+25.7%
Q1 24	320M	+5.4%	+29.5%
Q2 24	334M	+4.3%	+33.1%
Q3 24	398M	+19.0%	+43.2%
Q4 24	398M	0.0%	+30.9%
Q1 25	398M	0.0%	+24.1%
Q2 25	398M	0.0%	+19.0%
Q3 25	398M	0.0%	0.0%
Q4 25	624M	+57.1%	+57.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$0	209
Q2 22	$0	209
Q3 22	$0	209
Q4 22	$0	483
Q1 23	$0	483
Q2 23	$0	483
Q3 23	$0	483
Q4 23	$0	691
Q1 24	$0	691
Q2 24	$0	691
Q3 24	$0	691
Q4 24	$0	691
Q1 25	$0	691
Q2 25	$0	691
Q3 25	$0	691
Q4 25	$434	691

Revenue / Employee