Archer Aviation Inc Financials
Financial Health Signals
Archer Aviation Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Archer Aviation Inc generates $0.69 in operating cash flow (-$368.6M OCF vs -$536.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Archer Aviation Inc (ACHR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Archer Aviation Inc's EBITDA was -$498.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.1% from the prior year.
Archer Aviation Inc generated -$450.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 42.6% from the prior year.
Archer Aviation Inc reported -$536.8M in net income in fiscal year 2024. This represents a decrease of 17.2% from the prior year.
Archer Aviation Inc earned $-1.42 per diluted share (EPS) in fiscal year 2024. This represents an increase of 16.0% from the prior year.
Archer Aviation Inc held $834.5M in cash against $64.0M in long-term debt as of fiscal year 2024.
Archer Aviation Inc invested $357.7M in research and development in fiscal year 2024. This represents an increase of 29.4% from the prior year.
Archer Aviation Inc invested $82.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 85.1% from the prior year.
ACHR Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $120.7M+34.4% | $89.8M | N/A | $67.8M | N/A | $47.0M | N/A | $23.1M |
| SG&A Expenses | $40.3M-31.3% | $58.7M | N/A | $118.1M | N/A | $40.8M | N/A | $114.1M |
| Operating Income | -$174.8M-43.2% | -$122.1M | N/A | -$46.2M | N/A | -$93.8M | N/A | -$176.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $400K | N/A | $500K |
| Income Tax | $100K0.0% | $100K | N/A | $100K | N/A | $0 | N/A | $0 |
| Net Income | -$129.9M-12.7% | -$115.3M | N/A | -$51.6M | N/A | -$91.0M | N/A | -$176.7M |
| EPS (Diluted) | $-0.20+31.0% | $-0.29 | N/A | $-0.19 | N/A | $-0.38 | N/A | $-2.00 |
ACHR Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B+89.7% | $1.0B+80.6% | $554.3M+2.7% | $539.6M-6.0% | $573.8M-10.0% | $637.6M-17.0% | $768.4M-4.6% | $805.7M |
| Current Assets | $1.7B+97.1% | $858.4M+78.8% | $480.2M+0.9% | $475.7M-12.8% | $545.5M-11.3% | $615.3M-18.5% | $754.8M-5.4% | $797.7M |
| Cash & Equivalents | $595.5M-28.6% | $834.5M+79.6% | $464.6M+0.7% | $461.4M+564.8% | $69.4M-38.3% | $112.5M-84.9% | $746.6M-6.2% | $796.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $245.3M-1.3% | $248.6M+32.8% | $187.2M+6.9% | $175.1M+117.5% | $80.5M+0.1% | $80.4M+15.7% | $69.5M-17.1% | $83.8M |
| Current Liabilities | $93.0M+30.8% | $71.1M-37.6% | $114.0M-2.6% | $117.0M+119.5% | $53.3M+21.7% | $43.8M+54.8% | $28.3M-4.7% | $29.7M |
| Long-Term Debt | $64.1M+0.2% | $64.0M+788.9% | $7.2M | $0 | $0-100.0% | $2.3M-75.3% | $9.3M-20.5% | $11.7M |
| Total Equity | $1.7B+119.8% | $752.6M+105.0% | $367.1M+0.7% | $364.5M-26.1% | $493.3M-11.5% | $557.2M-20.3% | $698.9M-3.2% | $721.9M |
| Retained Earnings | -$2.1B-25.5% | -$1.7B-46.7% | -$1.1B-10.5% | -$1.0B-50.5% | -$690.9M-16.0% | -$595.5M-59.4% | -$373.6M-13.1% | -$330.3M |
ACHR Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$105.6M-1.1% | -$104.4M-24.3% | -$84.0M-25.7% | -$66.8M+0.6% | -$67.2M-32.3% | -$50.8M-3.9% | -$48.9M-59.3% | -$30.7M |
| Capital Expenditures | $20.3M-16.1% | $24.2M+168.9% | $9.0M-43.0% | $15.8M+378.8% | $3.3M+120.0% | $1.5M+200.0% | $500K-54.5% | $1.1M |
| Free Cash Flow | -$125.9M+2.1% | -$128.6M-38.3% | -$93.0M-12.6% | -$82.6M-17.2% | -$70.5M-34.8% | -$52.3M-5.9% | -$49.4M-55.3% | -$31.8M |
| Investing Cash Flow | -$1.1B-4315.3% | -$24.2M-168.9% | -$9.0M+43.0% | -$15.8M-158.7% | $26.9M+105.5% | -$489.1M-97720.0% | -$500K+54.5% | -$1.1M |
| Financing Cash Flow | $46.4M-89.9% | $461.5M+381.7% | $95.8M-29.8% | $136.5M+4975.0% | -$2.8M-16.7% | -$2.4M-2500.0% | $100K-100.0% | $822.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ACHR Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -6.8%+10.9pp | -17.7% | N/A | -9.6% | N/A | -14.3% | N/A | -21.9% |
| Current Ratio | 18.19+6.1 | 12.07+7.9 | 4.21+0.1 | 4.07-6.2 | 10.23-3.8 | 14.05-12.6 | 26.67-0.2 | 26.86 |
| Debt-to-Equity | 0.15+0.1 | 0.09+0.1 | 0.02+0.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.010.0 | 0.02 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Archer Aviation Inc profitable?
No, Archer Aviation Inc (ACHR) reported a net income of -$536.8M in fiscal year 2024.
What is Archer Aviation Inc's earnings per share (EPS)?
Archer Aviation Inc (ACHR) reported diluted earnings per share of $-1.42 for fiscal year 2024. This represents a 16.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Archer Aviation Inc's EBITDA?
Archer Aviation Inc (ACHR) had EBITDA of -$498.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Archer Aviation Inc have?
As of fiscal year 2024, Archer Aviation Inc (ACHR) had $834.5M in cash and equivalents against $64.0M in long-term debt.
What is Archer Aviation Inc's free cash flow?
Archer Aviation Inc (ACHR) generated -$450.6M in free cash flow during fiscal year 2024. This represents a -42.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Archer Aviation Inc's operating cash flow?
Archer Aviation Inc (ACHR) generated -$368.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Archer Aviation Inc's total assets?
Archer Aviation Inc (ACHR) had $1.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Archer Aviation Inc's capital expenditures?
Archer Aviation Inc (ACHR) invested $82.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Archer Aviation Inc spend on research and development?
Archer Aviation Inc (ACHR) invested $357.7M in research and development during fiscal year 2024.
What is Archer Aviation Inc's current ratio?
Archer Aviation Inc (ACHR) had a current ratio of 12.07 as of fiscal year 2024, which is generally considered healthy.
What is Archer Aviation Inc's debt-to-equity ratio?
Archer Aviation Inc (ACHR) had a debt-to-equity ratio of 0.09 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Archer Aviation Inc's return on assets (ROA)?
Archer Aviation Inc (ACHR) had a return on assets of -53.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Archer Aviation Inc's cash runway?
Based on fiscal year 2024 data, Archer Aviation Inc (ACHR) had $834.5M in cash against an annual operating cash burn of $368.6M. This gives an estimated cash runway of approximately 27 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Archer Aviation Inc's Piotroski F-Score?
Archer Aviation Inc (ACHR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Archer Aviation Inc's earnings high quality?
Archer Aviation Inc (ACHR) has an earnings quality ratio of 0.69x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.