ACHR · Archer Aviation Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $171.70M | - | $120.70M | $122.40M | $103.70M | - | $89.80M | $89.80M | $83.50M | - |
| SG&A | - | - | - | - | $58.70M | - | - | - | - | - |
| Total Operating Expenses | $256.20M | - | $174.80M | $176.10M | $144.00M | - | $122.10M | $121.20M | $142.20M | - |
| D&A | $7.80M | - | $3.30M | $2.70M | $2.30M | - | $2.80M | $2.30M | $2.10M | - |
| Operating Income | ($254.60M) | - | ($174.80M) | ($176.10M) | ($144.00M) | - | ($122.10M) | ($121.20M) | ($142.20M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $100.0K | - | $100.0K | $100.0K | $100.0K | - | $100.0K | $100.0K | $200.0K | - |
| Net Income | ($217.70M) | - | ($129.90M) | ($206.00M) | ($93.40M) | - | ($115.30M) | ($106.90M) | ($116.50M) | - |
| EPS - Basic | ($0.28) | - | ($0.20) | ($0.36) | ($0.17) | - | ($0.29) | ($0.32) | ($0.36) | - |
| EPS - Diluted | ($0.28) | - | ($0.20) | ($0.36) | ($0.17) | - | ($0.29) | ($0.32) | ($0.36) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $951.10M | $1.02B | $595.50M | $1.72B | $1.03B | $834.50M | $501.70M | $360.40M | $405.80M | $464.60M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $25.40M | $30.20M | $23.70M | $22.70M | $14.80M | $14.60M | $23.50M | $25.10M | $14.10M | $14.30M |
| Current Assets | $1.90B | $2.08B | $1.69B | $1.76B | $1.06B | $858.40M | $523.00M | $375.00M | $422.00M | $480.20M |
| Total Assets | $2.32B | $2.47B | $1.90B | $1.94B | $1.21B | $1.00B | $651.50M | $484.00M | $510.90M | $554.30M |
| Current Liabilities | $105.20M | $104.40M | $93.00M | $78.80M | $67.40M | $71.10M | $86.70M | $83.60M | $70.20M | $114.00M |
| Long-term Debt | $78.80M | $79.50M | - | - | $64.10M | $64.00M | $64.00M | $32.70M | $18.10M | $7.20M |
| Total Liabilities | $243.40M | $263.10M | $245.30M | $257.40M | $203.30M | $248.60M | $183.80M | $150.00M | $131.70M | $187.20M |
| Stockholders' Equity | $2.08B | $2.20B | $1.65B | $1.68B | $1.01B | $752.60M | $467.70M | $334.00M | $379.20M | $367.10M |
| Retained Earnings | ($2.52B) | ($2.30B) | ($2.11B) | ($1.99B) | ($1.78B) | ($1.69B) | ($1.49B) | ($1.37B) | ($1.27B) | ($1.15B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($149.10M) | - | - | - | ($94.60M) | - | - | - | ($86.50M) | - |
| Investing Cash Flow | $78.70M | - | - | - | ($10.00M) | - | - | - | ($17.30M) | - |
| Financing Cash Flow | $0 | - | - | - | $300.20M | - | - | - | $44.80M | - |
| CapEx | $32.60M | - | - | - | $10.00M | - | - | - | $17.30M | - |
| Free Cash Flow | ($181.70M) | - | - | - | ($104.60M) | - | - | - | ($103.80M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.83 | - | - | - | 1.12 | - | - | - | 0.89 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -9.4% | - | -6.8% | -10.6% | -7.7% | - | -17.7% | -22.1% | -22.8% | - |
| Return on equity | -10.5% | - | -7.9% | -12.3% | -9.2% | - | -24.7% | -32.0% | -30.7% | - |
| Return on invested capital | -9.3% | - | - | - | -10.6% | - | -18.1% | -26.1% | -28.3% | - |
| Liquidity | ||||||||||
| Current ratio | 18.06 | 19.89 | 18.19 | 22.30 | 15.80 | 12.07 | 6.03 | 4.49 | 6.01 | 4.21 |
| Quick ratio | 18.06 | 19.89 | 18.19 | 22.30 | 15.80 | 12.07 | 6.03 | 4.49 | 6.01 | 4.21 |
| Cash ratio | 9.04 | 9.78 | 6.40 | 21.88 | 15.29 | 11.74 | 5.79 | 4.31 | 5.78 | 4.08 |
| Leverage | ||||||||||
| Debt / Equity | 0.04 | 0.04 | - | - | 0.06 | 0.09 | 0.14 | 0.10 | 0.05 | 0.02 |
| Debt / Assets | 0.03 | 0.03 | - | - | 0.05 | 0.06 | 0.10 | 0.07 | 0.04 | 0.01 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.12 | 1.12 | 1.15 | 1.15 | 1.20 | 1.33 | 1.39 | 1.45 | 1.35 | 1.51 |
| Liabilities / Assets | 0.10 | 0.11 | 0.13 | 0.13 | 0.17 | 0.25 | 0.28 | 0.31 | 0.26 | 0.34 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.9x | - | 3.8x | 3.7x | 3.8x | - | 2.6x | 3.5x | 3.9x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -76.8% | - | -43.2% | -45.3% | -1.3% | - | -164.3% | 33.2% | -27.0% | - |
| Net income growth (YoY) | -133.1% | - | -12.7% | -92.7% | 19.8% | - | -123.4% | 41.9% | -3.0% | - |
| EPS growth (YoY) | -64.7% | - | 31.0% | -12.5% | 52.8% | - | -52.6% | 56.2% | 21.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -73.7% | - | - | - | -0.8% | - | - | - | -38.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 105.6% | 192.7% | 253.7% | 403.3% | 166.7% | 105.0% | 28.3% | 20.9% | -7.5% | -25.6% |
Peer comparison
Same SIC group: Aircraft
Comparing Archer Aviation Inc. against the 5 most active filers in the same SIC group.