The story
Founded by Adam Goldstein.1
ACHR on NYSE
Archer Aviation
Logo: archer.com4
American electric aircraft manufacturer
Archer Aviation Inc. is a publicly traded aerospace and defense technology company headquartered in San Jose, California, which is developing eVTOL aircraft for urban air taxi and defense operations.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
Overview
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- TickerACHR on NYSE1
- Industryaviation1
- HeadquartersSan Jose1
- Websitearcher.com
- Business address190 West Tasman Drive, San Jose, Ca 951345
- Filer categoryLarge accelerated filer5
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Archer Aviation Inc. is a publicly traded aerospace and defense technology company headquartered in San Jose, California, which is developing eVTOL aircraft for urban air taxi and defense operations.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-243100.0%Operating margin6
-206066.7%Net margin6
-28.1%Return on equity6
0.04×Debt to equity6
-$511.7MFree cash flow6
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue0¢$200.0K
- Research and development100¢$493.9M
- Income tax0¢$300.0K
Out of $300.0K in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $300.0K | $0 | $0 |
| Cost of revenue | $300.0K | $0 | $0 |
| Research and development | $493.9M | $357.7M | $276.4M |
| General and administrative | $235.4M | $152.0M | $168.4M |
| Other warrant expense | $0 | $0 | $2.1M |
| Total operating expenses | $729.6M | $509.7M | $446.9M |
| Loss from operations | -$729.3M | -$509.7M | -$446.9M |
| Other income (expense), net | $58.6M | -$48.8M | -$26.9M |
| Interest income, net | $52.8M | $21.9M | $16.4M |
| Loss before income taxes | -$617.9M | -$536.6M | -$457.4M |
| Income tax expense | -$300.0K | -$200.0K | -$500.0K |
| Net loss | -$618.2M | -$536.8M | -$457.9M |
| Net loss per share, basic (in dollars per share) | -$0.99 | -$1.42 | -$1.69 |
| Net loss per share, diluted (in dollars per share) | -$0.99 | -$1.42 | -$1.69 |
| Weighted-average common shares, basic (in shares) | 624.3M shares | 376.7M shares | 270.4M shares |
| Weighted-average common shares, diluted (in shares) | 624.3M shares | 376.7M shares | 270.4M shares |
Every line of the balance sheet in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.0B | $834.5M | |
| Restricted cash | $7.3M | $6.8M | |
| Short-term investments | $943.2M | $0 | |
| Prepaid expenses | $47.3M | $12.5M | |
| Other current assets | $56.8M | $4.6M | |
| Total current assets | $2.1B | $858.4M | |
| Property and equipment, net | $253.6M | $126.8M | |
| Intangible assets, net | $80.2M | $300.0K | |
| Right-of-use assets | $40.8M | $8.1M | |
| Goodwill | $100.0K | $0 | |
| Other long-term assets | $15.1M | $7.6M | |
| Total assets | $2.5B | $1.0B | |
| Accounts payable | $30.2M | $14.6M | |
| Current portion of lease liabilities | $5.3M | $3.7M | |
| Accrued expenses and other current liabilities | $68.1M | $52.8M | |
| Current portion of debt | $800.0K | $0 | |
| Total current liabilities | $104.4M | $71.1M | |
| Debt, net of current portion | $79.5M | $64.0M | |
| Lease liabilities, net of current portion | $36.3M | $11.3M | |
| Warrant liabilities | $29.9M | $89.4M | |
| Other long-term liabilities | $13.0M | $12.8M | |
| Total liabilities | $263.1M | $248.6M | |
| 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 | $100.0K | $100.0K | |
| Additional paid-in capital | $4.5B | $2.4B | |
| Accumulated deficit | -$2.3B | -$1.7B | |
| Accumulated other comprehensive loss | -$1.4M | -$300.0K | |
| Total stockholders equity | $2.2B | $752.6M | $367.1M |
| Total liabilities and stockholders equity | $2.5B | $1.0B | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, authorized (in shares) | 1.4B shares | 1.4B shares | |
| Common stock, issued (in shares) | 744.0M shares | 503.8M shares | |
| Common stock, outstanding (in shares) | 744.0M shares | 503.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$618.2M | -$536.8M | -$457.9M |
| Depreciation and amortization | $20.0M | $11.7M | $6.5M |
| Debt discount and issuance cost amortization | $100.0K | $0 | $700.0K |
| Stock-based compensation expense | $223.5M | $108.8M | $45.2M |
| Change in fair value of warrant liabilities and other warrant costs | -$59.5M | $49.5M | $32.9M |
| Gain on issuance of common stock | $0 | -$1.5M | -$3.6M |
| Non-cash lease expense | $4.5M | $3.0M | $3.8M |
| Research and development warrant expense | $3.3M | $8.1M | $17.5M |
| General and administrative warrant expense | $0 | $200.0K | $0 |
| Other warrant expense | $0 | $0 | $2.1M |
| Technology and dispute resolution agreements expense | $0 | $5.6M | $70.3M |
| Amortization (accretion) of short-term investments purchased at a premium (discount) | $600.0K | $0 | -$2.3M |
| Prepaid expenses | -$12.2M | -$4.0M | $1.9M |
| Other current assets | -$6.2M | -$4.1M | $800.0K |
| Other long-term assets | -$3.1M | -$2.4M | -$5.0M |
| Accounts payable | $8.8M | -$100.0K | $9.2M |
| Accrued expenses and other current liabilities | $16.5M | -$4.3M | $2.3M |
| Operating lease right-of-use assets and lease liabilities, net | -$6.1M | -$3.3M | $2.4M |
| Other long-term liabilities | -$4.9M | $1.0M | $1.6M |
| Net cash used in operating activities | -$432.9M | -$368.6M | -$271.6M |
| Purchase of property and equipment | -$78.8M | -$82.0M | -$44.3M |
| Purchase of short-term investments | -$1.0B | $0 | $0 |
| Proceeds from maturities of short-term investments | $103.0M | $0 | $465.0M |
| Acquisition of intangible assets | -$26.2M | $0 | $0 |
| Business acquisition, net | -$125.9M | $0 | $0 |
| Net cash provided by (used in) investing activities | -$1.2B | -$82.0M | $420.7M |
| Proceeds from issuance of debt | $0 | $57.5M | $7.5M |
| Repayment of long-term debt | $0 | $0 | -$10.0M |
| Payment of debt issuance costs | $0 | -$700.0K | -$300.0K |
| Payments for taxes related to net share settlement of equity awards | $0 | $0 | -$3.5M |
| Proceeds from PIPE financing | $10.0M | $590.1M | $145.0M |
| Proceeds from shares issued under at-the-market program | $46.3M | $138.3M | $20.7M |
| Proceeds from shares issued under employee stock purchase plan | $7.4M | $4.8M | $2.9M |
| Proceeds from issuance of common stock | $1.8B | $55.0M | $95.0M |
| Payment of offering costs in connection with financing activities | -$69.1M | -$24.6M | -$7.2M |
| Net cash provided by financing activities | $1.8B | $820.4M | $250.1M |
| Net increase in cash, cash equivalents, and restricted cash | $187.5M | $369.8M | $399.2M |
| Cash paid for interest | $4.1M | $2.5M | $800.0K |
| Purchases of property and equipment included in accounts payable and accrued expenses | $12.4M | $7.8M | $10.8M |
| Purchases of property and equipment in common stock | $7.4M | $0 | $0 |
| Purchases of intangible assets in common stock | $9.8M | $0 | $0 |
| Payment of offering costs in connection with financing activities in common stock | $1.9M | $0 | $0 |
Leadership
Who has led Archer Aviation, and when. Pick a name to see everywhere that person has worked.
- FounderAdam Goldstein1
Former names
- Atlas Crest Investment Corp.Sep 16, 2020 to Sep 17, 20215
Recent filings
- Oct 2, 20268-K
- Sep 24, 20268-K
- Sep 23, 20264
- Sep 21, 2026144
- Sep 16, 202625-NSE
- Sep 4, 20268-K
- Aug 28, 2026144
- Aug 27, 2026144
- Aug 25, 2026144
- Aug 21, 20264
- Aug 20, 2026144
- Aug 20, 2026144
- Aug 20, 2026144
- Aug 18, 2026424B7
- Aug 18, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitearcher.com1
- X (Twitter)x.com/ArcherAviation1
- Instagramwww.instagram.com/flyarcher1
- WikipediaArcher Aviation
- WikidataQ109369035
- SEC EDGARCIK 1824502
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataArcher Aviation on Wikidata
- 2SEC EDGARArcher Aviation filings on SEC EDGAR
- 3WikipediaArcher Aviation on Wikipedia
- 4Company websiteArcher Aviation logo
- 5SEC EDGARArcher Aviation filings on SEC EDGAR
- 6SEC EDGARArcher Aviation 10-K for fiscal 2025
- 7SEC EDGARArcher Aviation 10-K for fiscal 2020
- 8SEC EDGARArcher Aviation 10-K for fiscal 2021
- 9SEC EDGARArcher Aviation 10-K for fiscal 2022
- 10SEC EDGARArcher Aviation 10-Q for fiscal 2026
- 11SEC EDGARArcher Aviation 10-Q for fiscal 2026
- 12SEC EDGARArcher Aviation 10-K for fiscal 2021