Archer Aviation Inc. (ACHR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ACHR SEC filings page.
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).
The numbers describe a development-stage business funded mainly by new capital while spending heavily ahead of meaningful commercial revenue.
In FY2025, R&D spending reached$493.9M against just$300K of revenue, so reported sales are not yet the economic engine; product development is. Operating cash outflow widened from$200.4M in FY2022 to$432.9M in FY2025, indicating the investment program has become more cash-intensive rather than merely producing larger accounting losses.
The balance sheet is equity-funded:
Free-cash outflow of
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 6.96, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.6B) 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 $5.0M in revenue in Q2 2026. Against the prior quarter it is up 212.5%.
Archer Aviation Inc.'s EBITDA was -$269.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 57.6% from the same quarter a year earlier. Against the prior quarter it is down 9.4%.
Archer Aviation Inc. reported -$263.2M in net income in Q2 2026. This represents a decrease of 27.8% from the same quarter a year earlier. Against the prior quarter it is down 20.9%.
Archer Aviation Inc. earned -$0.34 per diluted share (EPS) in Q2 2026. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is down 21.4%.
Cash & Balance Sheet
Archer Aviation Inc. recorded an outflow of $193.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 58.2% from the same quarter a year earlier. Against the prior quarter it is down 6.5%.
Archer Aviation Inc. held $852.7M in cash against $78.0M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Archer Aviation Inc.'s gross margin was 14.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. Against the prior quarter it is down 4.7 percentage points.
Archer Aviation Inc.'s ROE was -13.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.4 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: 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 $186.0M in research and development in Q2 2026. This represents an increase of 52.0% from the same quarter a year earlier. Against the prior quarter it is up 8.3%.
Archer Aviation Inc. invested $37.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 96.3% from the same quarter a year earlier. Against the prior quarter it is up 13.8%.
Not reported for Q2 2026.
ACHR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0M | $1.6M | N/A | N/A | $0 | $0 | N/A | N/A |
| Cost of Revenue | $4.3M | $1.3M | N/A | N/A | $0 | $0 | N/A | N/A |
| Gross Profit | $700K | $300K | N/A | N/A | $0 | $0 | N/A | N/A |
| R&D Expenses | $186.0M+52.0% | $171.7M+65.6% | N/A | $120.7M+34.4% | $122.4M+36.3% | $103.7M+24.2% | N/A | $89.8M+32.4% |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | $40.3M-31.3% | N/A | N/A |
| Operating Income | -$279.2M-58.5% | -$254.6M-76.8% | N/A | -$174.8M-43.2% | -$176.1M-45.3% | -$144.0M-1.3% | N/A | -$122.1M-164.3% |
| EBITDA | -$269.9M-57.6% | -$246.8M-76.4% | N/A | -$169.7M-42.8% | -$171.3M-44.6% | -$139.9M0.0% | N/A | -$118.8M-167.6% |
| Income Tax | $0-100.0% | $100K0.0% | N/A | $100K0.0% | $100K0.0% | $100K-50.0% | N/A | $100K0.0% |
| Net Income | -$263.2M-27.8% | -$217.7M-133.1% | N/A | -$129.9M-12.7% | -$206.0M-92.7% | -$93.4M+19.8% | N/A | -$115.3M-123.4% |
| EPS (Basic) | -$0.34+5.6% | -$0.28-64.7% | -$0.27+40.0% | -$0.20+31.0% | -$0.36-12.5% | -$0.17+52.8% | -$0.45-32.4% | -$0.29-52.6% |
| EPS (Diluted) | -$0.34+5.6% | -$0.28-64.7% | -$0.27+40.0% | -$0.20 | -$0.36 | -$0.17 | -$0.45-32.4% | -$0.29-52.6% |
| Diluted Shares (Avg) | 782M+35.0% | 767M+41.9% | N/A | 661M | 579M | 540M | N/A | 398M+43.2% |
Not reported in any period shown, so not listed: Interest Expense.
ACHR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.2B+14.2% | $2.3B+91.2% | $2.5B+146.3% | $1.9B+191.6% | $1.9B+300.5% | $1.2B+137.7% | $1.0B+80.6% | $651.5M+20.7% |
| Current Assets | $1.6B-6.2% | $1.9B+78.4% | $2.1B+141.9% | $1.7B+223.5% | $1.8B+368.5% | $1.1B+152.4% | $858.4M+78.8% | $523.0M+9.9% |
| Cash & Equivalents | $852.7M-50.5% | $951.1M-7.7% | $1.0B+22.4% | $595.5M+18.7% | $1.7B+378.4% | $1.0B+153.9% | $834.5M+79.6% | $501.7M+8.7% |
| Short-Term Investments | $707.9M | $824.8M | $943.2M | $1.0B | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $80.5M | $2.4M | $100K | N/A | N/A | N/A | $0 | N/A |
| Total Liabilities | $298.7M+16.0% | $243.4M+19.7% | $263.1M+5.8% | $245.3M+33.5% | $257.4M+71.6% | $203.3M+54.4% | $248.6M+32.8% | $183.8M+5.0% |
| Current Liabilities | $161.3M+104.7% | $105.2M+56.1% | $104.4M+46.8% | $93.0M+7.3% | $78.8M-5.7% | $67.4M-4.0% | $71.1M-37.6% | $86.7M-25.9% |
| Non-Current Liabilities | $137.4M-23.1% | $138.2M+1.7% | $158.7M-10.6% | $152.3M+56.8% | $178.6M+169.0% | $135.9M+121.0% | $177.5M+142.5% | $97.1M+67.1% |
| Long-Term Debt | $78.0M | $78.8M+22.9% | $79.5M+24.2% | N/A | N/A | $64.1M+254.1% | $64.0M+788.9% | $64.0M |
| Total Equity | $1.9B+12.6% | $2.1B+105.6% | $2.2B+192.7% | $1.7B+253.7% | $1.7B+403.3% | $1.0B+166.7% | $752.6M+105.0% | $467.7M+28.3% |
| Retained Earnings | -$2.8B-40.3% | -$2.5B-41.7% | -$2.3B-36.7% | -$2.1B-42.2% | -$2.0B-44.7% | -$1.8B-40.6% | -$1.7B-46.7% | -$1.5B-43.1% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$156.4M-51.3% | -$149.1M-57.6% | -$129.3M-23.9% | -$105.6M-8.6% | -$103.4M-28.4% | -$94.6M-9.4% | -$104.4M-24.3% | -$97.2M-45.5% |
| Depreciation & Amortization | $9.3M+93.8% | $7.8M+90.2% | $6.0M+71.4% | $5.1M+54.5% | $4.8M+77.8% | $4.1M+78.3% | $3.5M | $3.3M+83.3% |
| Stock-Based Compensation | $85.6M+65.3% | $70.4M+133.9% | N/A | $52.8M+146.7% | $51.8M+127.2% | $30.1M-26.0% | N/A | $21.4M+178.1% |
| Capital Expenditures | $37.1M+96.3% | $32.6M+226.0% | $29.6M+22.3% | $20.3M+3.6% | $18.9M-9.6% | $10.0M-42.2% | $24.2M+168.9% | $19.6M+24.1% |
| Free Cash Flow | -$193.5M-58.2% | -$181.7M-73.7% | -$158.9M-23.6% | -$125.9M-7.8% | -$122.3M-20.6% | -$104.6M-0.8% | -$128.6M-38.3% | -$116.8M-41.4% |
| Investing Cash Flow | $52.9M+319.5% | $78.7M+887.0% | -$73.4M-203.3% | -$1.1B-5351.5% | -$24.1M-15.3% | -$10.0M+42.2% | -$24.2M-168.9% | -$19.6M-24.1% |
| Financing Cash Flow | $5.1M-99.4% | $0-100.0% | $628.7M+36.2% | $46.4M-82.0% | $821.1M+1366.3% | $300.2M+570.1% | $461.5M+381.7% | $258.1M+89.1% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ACHR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.0% | 18.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -5584.0% | -15912.5% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -5264.0% | -13606.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -13.9%-1.7pp | -10.5%-1.2pp | N/A | -7.8%+16.8pp | -12.3%+19.8pp | -9.2%+21.5pp | N/A | -24.6%-10.5pp |
| Return on Assets | -11.9%-1.3pp | -9.4%-1.7pp | N/A | -6.8%+10.9pp | -10.6%+11.5pp | -7.7%+15.1pp | N/A | -17.7%-8.1pp |
| Current Ratio | 10.21-12.1x | 18.06+2.3x | 19.89+7.8x | 18.19+12.2x | 22.30+17.8x | 15.80+9.8x | 12.07+7.9x | 6.03+2.0x |
| Debt-to-Equity | 0.04-0.1x | 0.040.0x | 0.040.0x | 0.150.0x | 0.15+0.1x | 0.060.0x | 0.09+0.1x | 0.14+0.1x |
| Asset Turnover | 0.000.0x | 0.000.0x | N/A | N/A | 0.00 | 0.00 | N/A | N/A |
| FCF Margin | -3870.0% | -11356.3% | N/A | 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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Archer Aviation Inc. ACHR | FY2025 | $300K | -$618.2M | N/A | $3.6B | — |
| Hexcel Corporation HXL | FY2025 | $1.9B | $109.4M | 5.8% | $6.3B | 52/100 |
| Loar Holdings Inc. LOAR | FY2025 | $496.3M | $72K | 0.0% | $5.7B | 58/100 |
| Spirit Aerosystems Holdings, Inc. SPR | FY2024 | $6.3B | $2.1B | 33.9% | $4.6B | 33/100 |
| Mercury Systems Inc. MRCY | FY2026 | $983.6M | -$29.7M | -3.0% | $4.9B | 51/100 |
| VSE Corp VSEC | FY2025 | $1.1B | $11.7M | 1.1% | $4.7B | 57/100 |
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 P/E ratio?
Archer Aviation Inc. (ACHR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $3.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Archer Aviation Inc.'s price-to-sales ratio?
Archer Aviation Inc. (ACHR) has no price-to-sales ratio at the moment: outside the range published as a multiple (on $300K revenue, FY2025). The market capitalization is $3.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Archer Aviation Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Archer Aviation Inc. (ACHR) held $2.0B in cash, cash equivalents and investments, and reported an operating cash outflow of $432.9M over that year. Dividing the one by the other, the reported balance equals about 54 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Archer Aviation Inc.'s Altman Z-Score?
Archer Aviation Inc. (ACHR) has an Altman Z-Score of 6.96, 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.