Archer Aviation Inc Financials
Archer Aviation Inc (ACHR) reported $300K in revenue for fiscal year 2025. This page shows its 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).
Archer’s development-stage economics are funded mainly by capital raising, with operating cash generation still far behind spending.
In FY2025, operating cash flow was-$432.9M while financing cash flow supplied$1.80B . That gap explains how the company could hold$1.02B of cash despite free cash flow of-$511.7M : liquidity is being built through financing, not operations.
R&D spending of
FY2025 liabilities were
Financial Health Signals
Archer Aviation Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Archer Aviation Inc scores 9.74, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.9B) relative to total liabilities ($263.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Archer Aviation Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Archer Aviation Inc reported a net loss of $618.2M while operations used $432.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
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.
Cash & Balance Sheet
Archer Aviation Inc recorded an outflow of $511.7M in free cash flow in fiscal year 2025, representing a cash shortfall 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.
Not reported for fiscal year 2025.
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 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.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
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.
Not reported for fiscal year 2025.
ACHR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | N/A | $300K | $0 | $0 | N/A | N/A | N/A |
| Cost of Revenue | N/A | $200K | $0 | $0 | N/A | N/A | N/A |
| Gross Profit | N/A | $100K | $0 | $0 | N/A | N/A | N/A |
| R&D Expenses | N/A | $493.9M+38.1% | $357.7M+29.4% | $276.4M+61.2% | $171.5M+166.7% | $64.3M+204.7% | $21.1M |
| SG&A Expenses | N/A | N/A | N/A | $168.4M+2.0% | $165.1M-6.6% | $176.7M+4948.6% | $3.5M |
| Operating Income | N/A | -$729.3M-43.1% | -$509.7M-14.1% | -$446.9M-28.6% | -$347.4M+3.0% | -$358.3M-1356.5% | -$24.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $1.0M+400.0% | $200K |
| Income Tax | N/A | $300K+50.0% | $200K-60.0% | $500K | $0 | $0 | N/A |
| Net Income | N/A | -$618.2M-15.2% | -$536.8M-17.2% | -$457.9M-44.3% | -$317.3M+8.8% | -$347.8M-1302.4% | -$24.8M |
| EPS (Diluted) | — | -$0.99 | -$1.42+16.0% | -$1.69-28.0% | -$1.32 | -$3.14 | -$0.49 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ACHR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $2.5B+146.3% | $1.0B+80.6% | $554.3M-3.4% | $573.8M-25.3% | $768.4M+1738.3% | $41.8M |
| Current Assets | $2.1B+141.9% | $858.4M+78.8% | $480.2M-12.0% | $545.5M-27.7% | $754.8M+1918.2% | $37.4M |
| Cash & Equivalents | $1.0B+22.4% | $834.5M+79.6% | $464.6M+569.5% | $69.4M-90.7% | $746.6M+1939.9% | $36.6M |
| Goodwill | $100K | $0 | N/A | N/A | N/A | N/A |
| Total Liabilities | $263.1M+5.8% | $248.6M+32.8% | $187.2M+132.5% | $80.5M+15.8% | $69.5M+1078.0% | $5.9M |
| Current Liabilities | $104.4M+46.8% | $71.1M-37.6% | $114.0M+113.9% | $53.3M+88.3% | $28.3M+644.7% | $3.8M |
| Long-Term Debt | $79.5M+24.2% | $64.0M+788.9% | $7.2M | $0-100.0% | $9.3M+3000.0% | $300K |
| Total Equity | $2.2B+192.7% | $752.6M+105.0% | $367.1M-25.6% | $493.3M-29.4% | $698.9M+1846.8% | $35.9M |
| Retained Earnings | -$2.3B-36.7% | -$1.7B-46.7% | -$1.1B-66.3% | -$690.9M-84.9% | -$373.6M-1348.1% | -$25.8M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
ACHR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$540.4M | -$432.9M-17.4% | -$368.6M-35.7% | -$271.6M-35.5% | -$200.4M-84.9% | -$108.4M-375.4% | -$22.8M |
| Capital Expenditures | $119.6M | $78.8M-3.9% | $82.0M+85.1% | $44.3M+542.0% | $6.9M+97.1% | $3.5M+150.0% | $1.4M |
| Free Cash Flow | -$660.0M | -$511.7M-13.6% | -$450.6M-42.6% | -$315.9M-52.4% | -$207.3M-85.3% | -$111.9M-362.4% | -$24.2M |
| Investing Cash Flow | -$1.0B | -$1.2B-1334.1% | -$82.0M-119.5% | $420.7M+190.6% | -$464.3M-13165.7% | -$3.5M-84.2% | -$1.9M |
| Financing Cash Flow | $680.2M | $1.8B+119.0% | $820.4M+228.0% | $250.1M+2626.3% | -$9.9M-101.2% | $822.2M+1505.9% | $51.2M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ACHR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Gross Margin | 33.3% | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -243100.0% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -206066.7% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -28.1%+43.3pp | -71.3%+53.4pp | -124.7%-60.4pp | -64.3%-14.6pp | -49.8%+19.3pp | -69.1% |
| Return on Assets | -25.1%+28.6pp | -53.6%+29.0pp | -82.6%-27.3pp | -55.3%-10.0pp | -45.3%+14.1pp | -59.3% |
| Current Ratio | 19.89+7.8x | 12.07+7.9x | 4.21-6.0x | 10.23-16.4x | 26.67+16.8x | 9.84 |
| Debt-to-Equity | 0.040.0x | 0.09+0.1x | 0.020.0x | 0.000.0x | 0.010.0x | 0.01 |
| FCF Margin | -170566.7% | N/A | N/A | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Archer Aviation Inc Ranks
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.
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 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) recorded an outflow of $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) recorded an outflow of $432.9M in operating cash flow during fiscal year 2025, representing cash used by 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 Altman Z-Score?
Archer Aviation Inc (ACHR) has an Altman Z-Score of 9.74, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Archer Aviation Inc's Piotroski F-Score?
Archer Aviation Inc (ACHR) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $618.2M while operations used $432.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.