Archer Aviation Inc Financials
This page shows Archer Aviation Inc (ACHR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Archer Aviation Inc has an operating margin of -243100.0%, meaning the company retains $-243100 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
Archer Aviation Inc carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 19.89, Archer Aviation Inc holds $19.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Archer Aviation Inc generated -$432.9M in operating cash flow, capex of $78.8M consumed most of it, leaving -$511.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Archer Aviation Inc generates a -28.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -71.3% the prior year.
Archer Aviation Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Archer Aviation Inc generates $0.70 in operating cash flow (-$432.9M OCF vs -$618.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Archer Aviation Inc generated $300K in revenue in fiscal year 2025.
Archer Aviation Inc's EBITDA was -$709.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 42.4% from the prior year.
Archer Aviation Inc reported -$618.2M in net income in fiscal year 2025. This represents a decrease of 15.2% from the prior year.
Archer Aviation Inc earned $-0.99 per diluted share (EPS) in fiscal year 2025. This represents an increase of 30.3% from the prior year.
Cash & Balance Sheet
Archer Aviation Inc generated -$511.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 13.6% from the prior year.
Archer Aviation Inc held $1.0B in cash against $79.5M in long-term debt as of fiscal year 2025.
Archer Aviation Inc had 744M shares outstanding in fiscal year 2025. This represents an increase of 47.7% from the prior year.
Margins & Returns
Archer Aviation Inc's gross margin was 33.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Archer Aviation Inc's operating margin was -243100.0% in fiscal year 2025, reflecting core business profitability.
Archer Aviation Inc's net profit margin was -206066.7% in fiscal year 2025, showing the share of revenue converted to profit.
Archer Aviation Inc's ROE was -28.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 43.3 percentage points from the prior year.
Capital Allocation
Archer Aviation Inc invested $493.9M in research and development in fiscal year 2025. This represents an increase of 38.1% from the prior year.
Archer Aviation Inc invested $78.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.9% from the prior year.
ACHR Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | $120.7M-1.4% | $122.4M+18.0% | $103.7M | N/A | $89.8M0.0% | $89.8M+7.5% | $83.5M |
| SG&A Expenses | N/A | N/A | N/A | $40.3M | N/A | N/A | N/A | $58.7M |
| Operating Income | N/A | -$174.8M+0.7% | -$176.1M-22.3% | -$144.0M | N/A | -$122.1M-0.7% | -$121.2M+14.8% | -$142.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $100K0.0% | $100K0.0% | $100K | N/A | $100K0.0% | $100K-50.0% | $200K |
| Net Income | N/A | -$129.9M+36.9% | -$206.0M-120.6% | -$93.4M | N/A | -$115.3M-7.9% | -$106.9M+8.2% | -$116.5M |
| EPS (Diluted) | N/A | $-0.20+44.4% | $-0.36-111.8% | $-0.17 | N/A | $-0.29+9.4% | $-0.32+11.1% | $-0.36 |
ACHR Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B+29.8% | $1.9B-2.0% | $1.9B+59.6% | $1.2B+21.3% | $1.0B+53.7% | $651.5M+34.6% | $484.0M-5.3% | $510.9M |
| Current Assets | $2.1B+22.7% | $1.7B-3.7% | $1.8B+65.0% | $1.1B+24.1% | $858.4M+64.1% | $523.0M+39.5% | $375.0M-11.1% | $422.0M |
| Cash & Equivalents | $1.0B+71.5% | $595.5M-65.5% | $1.7B+67.3% | $1.0B+23.5% | $834.5M+66.3% | $501.7M+39.2% | $360.4M-11.2% | $405.8M |
| 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 | $100K | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Total Liabilities | $263.1M+7.3% | $245.3M-4.7% | $257.4M+26.6% | $203.3M-18.2% | $248.6M+35.3% | $183.8M+22.5% | $150.0M+13.9% | $131.7M |
| Current Liabilities | $104.4M+12.3% | $93.0M+18.0% | $78.8M+16.9% | $67.4M-5.2% | $71.1M-18.0% | $86.7M+3.7% | $83.6M+19.1% | $70.2M |
| Long-Term Debt | $79.5M | N/A | N/A | $64.1M+0.2% | $64.0M0.0% | $64.0M+95.7% | $32.7M+80.7% | $18.1M |
| Total Equity | $2.2B+33.2% | $1.7B-1.6% | $1.7B+66.2% | $1.0B+34.4% | $752.6M+60.9% | $467.7M+40.0% | $334.0M-11.9% | $379.2M |
| Retained Earnings | -$2.3B-8.9% | -$2.1B-6.5% | -$2.0B-11.6% | -$1.8B-5.5% | -$1.7B-13.3% | -$1.5B-8.4% | -$1.4B-8.4% | -$1.3B |
ACHR Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$129.3M-22.4% | -$105.6M-2.1% | -$103.4M-9.3% | -$94.6M+9.4% | -$104.4M-7.4% | -$97.2M-20.7% | -$80.5M+6.9% | -$86.5M |
| Capital Expenditures | $29.6M+45.8% | $20.3M+7.4% | $18.9M+89.0% | $10.0M-58.7% | $24.2M+23.5% | $19.6M-6.2% | $20.9M+20.8% | $17.3M |
| Free Cash Flow | -$158.9M-26.2% | -$125.9M-2.9% | -$122.3M-16.9% | -$104.6M+18.7% | -$128.6M-10.1% | -$116.8M-15.2% | -$101.4M+2.3% | -$103.8M |
| Investing Cash Flow | -$73.4M+93.1% | -$1.1B-4333.6% | -$24.1M-141.0% | -$10.0M+58.7% | -$24.2M-23.5% | -$19.6M+6.2% | -$20.9M-20.8% | -$17.3M |
| Financing Cash Flow | $628.7M+1255.0% | $46.4M-94.3% | $821.1M+173.5% | $300.2M-35.0% | $461.5M+78.8% | $258.1M+360.9% | $56.0M+25.0% | $44.8M |
| 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 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | -7.8%+4.4pp | -12.3%-3.0pp | -9.2% | N/A | -24.6%+7.4pp | -32.0%-1.3pp | -30.7% |
| Return on Assets | N/A | -6.8%+3.8pp | -10.6%-2.9pp | -7.7% | N/A | -17.7%+4.4pp | -22.1%+0.7pp | -22.8% |
| Current Ratio | 19.89+1.7 | 18.19-4.1 | 22.30+6.5 | 15.80+3.7 | 12.07+6.0 | 6.03+1.5 | 4.49-1.5 | 6.01 |
| Debt-to-Equity | 0.04-0.1 | 0.150.0 | 0.15+0.1 | 0.06-0.0 | 0.09-0.1 | 0.14+0.0 | 0.10+0.1 | 0.05 |
| 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
What is Archer Aviation Inc's annual revenue?
Archer Aviation Inc (ACHR) reported $300K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Archer Aviation Inc profitable?
No, Archer Aviation Inc (ACHR) reported a net income of -$618.2M in fiscal year 2025, with a net profit margin of -206066.7%.
What is Archer Aviation Inc's EBITDA?
Archer Aviation Inc (ACHR) had EBITDA of -$709.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Archer Aviation Inc have?
As of fiscal year 2025, Archer Aviation Inc (ACHR) had $1.0B in cash and equivalents against $79.5M in long-term debt.
What is Archer Aviation Inc's gross margin?
Archer Aviation Inc (ACHR) had a gross margin of 33.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Archer Aviation Inc's operating margin?
Archer Aviation Inc (ACHR) had an operating margin of -243100.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Archer Aviation Inc's net profit margin?
Archer Aviation Inc (ACHR) had a net profit margin of -206066.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Archer Aviation Inc's return on equity (ROE)?
Archer Aviation Inc (ACHR) has a return on equity of -28.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Archer Aviation Inc's free cash flow?
Archer Aviation Inc (ACHR) generated -$511.7M in free cash flow during fiscal year 2025. This represents a -13.6% 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 -$432.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Archer Aviation Inc's total assets?
Archer Aviation Inc (ACHR) had $2.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Archer Aviation Inc's capital expenditures?
Archer Aviation Inc (ACHR) invested $78.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Archer Aviation Inc spend on research and development?
Archer Aviation Inc (ACHR) invested $493.9M in research and development during fiscal year 2025.
What is Archer Aviation Inc's current ratio?
Archer Aviation Inc (ACHR) had a current ratio of 19.89 as of fiscal year 2025, 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 0.04 as of fiscal year 2025, 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 -25.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Archer Aviation Inc's cash runway?
Based on fiscal year 2025 data, Archer Aviation Inc (ACHR) had $1.0B in cash against an annual operating cash burn of $432.9M. This gives an estimated cash runway of approximately 28 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 5 out of 9, indicating neutral 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 0.70x, 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.
How financially healthy is Archer Aviation Inc?
Archer Aviation Inc (ACHR) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.