Archer Aviation Inc.

Listed Company

ACHRCIK 0001824502NYSELarge AcceleratedAircraftFY ends Dec 31

Period

FY 2025

Revenue

$300.0K

Net Income

$-618.20M

Total Assets

$2.47B

Equity

$2.20B

Shares Out

759.60M

Op. Cash Flow

$-432.90M

ACHR$4.46−66.69% · past yearDBEQ Basic

Daily closing prices

Business

Archer Aviation develops electric vertical take-off and landing (eVTOL) aircraft and autonomous hybrid-electric VTOL platforms for commercial and defense sectors. Its primary product, Midnight, is a four-passenger eVTOL aircraft designed for urban air taxi operations in metropolitan areas worldwide. The company operates planned commercial air taxi service lines, defense aircraft sales through partnership with Anduril Industries, and aircraft manufacturing across facilities in California and Georgia. Archer is pursuing FAA type certification and commercial operations in the U.S. and UAE while building vertiport networks and securing regulatory approvals globally.

Summary from 10-K filed 2026-03-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	300,000	0	0	—	—
Cost of revenue	300,000	0	0	—	—
Research and development	494	358	276	172	64
General and administrative	235	152	168	165	—
Other warrant expense	0	0	2	11	117
Total operating expenses	730	510	447	—	—
Loss from operations	−729	−510	−447	−347	−358
Other income (expense), net	59	−49	−27	28	11
Interest income, net	53	22	16	2	−1
Loss before income taxes	−618	−537	−457	−317	−348
Income tax expense	−300,000	−200,000	−500,000	0	0
Net loss	−618	−537	−458	−317	−348
Net loss per share, basic (in dollars per share)	−0.99	−1.42	−1.69	−1.32	−3.14
Net loss per share, diluted (in dollars per share)	−0.99	−1.42	−1.69	−1.32	−3.14
Weighted-average common shares, basic (in shares)	624	377	270	240	111
Weighted-average common shares, diluted (in shares)	624	377	270	240	111

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,022	835	465	69	747
Restricted cash	7	7	7	—	—
Short-term investments	943	0	0	462	0
Prepaid expenses	47	13	8	10	8
Other current assets	57	5	800,000	2	300,000
Total current assets	2,076	858	480	546	755
Property and equipment, net	254	127	58	12	6
Intangible assets, net	80	300,000	400,000	400,000	500,000
Right-of-use assets	41	8	9	12	5
Goodwill	100,000	0	—	—	—
Other long-term assets	15	8	7	5	3
Total assets	2,466	1,001	554	574	768
Accounts payable	30	15	14	4	3
Current portion of lease liabilities	5	4	3	4	3
Accrued expenses and other current liabilities	68	53	97	37	12
Current portion of debt	800,000	0	—	—	—
Total current liabilities	104	71	114	53	28
Debt, net of current portion	80	64	—	—	—
Lease liabilities, net of current portion	36	11	13	9	1
Warrant liabilities	30	89	40	7	30
Other long-term liabilities	13	13	13	11	400,000
Total liabilities	263	249	187	81	70
Commitments and contingencies (Note 7)	—	—	—	—	—
Class A common stock, $0.0001 par value; 1,400,000,000 and 1,400,000,000 shares authorized as of December 31, 2025 and 2024, respectively; 744,046,194 and 503,777,464 shares issued and outstanding as of December 31, 2025 and 2024, respectively	100,000	100,000	—	—	—
Additional paid-in capital	4,508	2,438	1,516	1,185	1,073
Accumulated deficit	−2,304	−1,686	−1,149	−691	−374
Accumulated other comprehensive loss	−1	−300,000	0	−800,000	0
Total stockholders equity	2,203	753	367	493	699
Total liabilities and stockholders equity	2,466	1,001	554	574	768

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	20	12	7	—	—
Debt discount and issuance cost amortization	100,000	0	700,000	—	—
Stock-based compensation expense	224	109	45	103	124
Change in fair value of warrant liabilities and other warrant costs	−60	50	33	−23	−10
Gain on issuance of common stock	0	−2	−4	0	0
Non-cash lease expense	5	3	4	5	2
Research and development warrant expense	3	8	18	3	—
General and administrative warrant expense	0	200,000	0	0	—
Technology and dispute resolution agreements expense	0	6	70	0	0
Amortization (accretion) of short-term investments purchased at a premium (discount)	600,000	0	−2	−5	0
Prepaid expenses	−12	−4	2	−2	−7
Other current assets	−6	−4	800,000	−1	−300,000
Other long-term assets	−3	−2	−5	400,000	−3
Accounts payable	9	−100,000	9	−100,000	−800,000
Accrued expenses and other current liabilities	17	−4	2	16	12
Operating lease right-of-use assets and lease liabilities, net	−6	−3	2	−3	−2
Other long-term liabilities	−5	1	2	10	0
Net cash used in operating activities	−433	−369	−272	−200	−108
Purchase of property and equipment	−79	−82	−44	−7	−4
Purchase of short-term investments	−1,048	0	0	−487	0
Proceeds from maturities of short-term investments	103	0	465	30	0
Acquisition of intangible assets	−26	0	0	—	0
Business acquisition, net	−126	0	0	—	—
Net cash provided by (used in) investing activities	−1,176	−82	421	−464	−4
Proceeds from issuance of debt	0	58	8	0	20
Repayment of long-term debt	0	0	−10	−10	0
Payment of debt issuance costs	0	−700,000	−300,000	0	−200,000
Payments for taxes related to net share settlement of equity awards	0	0	−4	0	0
Proceeds from PIPE financing	10	590	145	0	600
Proceeds from shares issued under at-the-market program	46	138	21	0	0
Proceeds from shares issued under employee stock purchase plan	7	5	3	0	0
Proceeds from issuance of common stock	1,802	55	95	0	0
Payment of offering costs in connection with financing activities	−69	−25	−7	0	0
Net cash provided by financing activities	1,796	820	250	−10	822
Net increase in cash, cash equivalents, and restricted cash	188	370	399	−675	710
Cash paid for interest	4	3	800,000	2	700,000
Purchases of property and equipment included in accounts payable and accrued expenses	12	8	11	3	2
Purchases of property and equipment in common stock	7	0	0	—	—
Purchases of intangible assets in common stock	10	0	0	—	—
Payment of offering costs in connection with financing activities in common stock	2	0	0	—	—

Filings

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Frequently asked questions

What is Archer Aviation Inc.'s CIK number?

Archer Aviation Inc.'s SEC CIK number is 0001824502 (1824502). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Archer Aviation Inc.'s SEC filings?

All of Archer Aviation Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Archer Aviation Inc. last report earnings?

Archer Aviation Inc. (ACHR) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001824502-26-000035). This is Archer Aviation Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Archer Aviation Inc.'s most recent earnings 8-K?

Archer Aviation Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001824502-26-000035. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Archer Aviation Inc.'s latest earnings 8-K →
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