Archer Aviation Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $300,000 | $0 | $0 | — | — |
| Cost of revenue | $200,000 | $0 | $0 | — | — |
| Research and development | $493.9M | $357.7M | $276.4M | $171.5M | $64.3M |
| Operating expenses | — | $509.7M | $446.9M | $347.4M | $358.3M |
| Operating income | -$729.3M | -$509.7M | -$446.9M | -$347.4M | -$358.3M |
| Interest expense | — | — | — | — | $1.0M |
| Pretax income | -$617.9M | -$536.6M | -$457.4M | -$317.3M | -$347.8M |
| Income tax expense | $300,000 | $200,000 | $500,000 | $0 | $0 |
| Net income | -$618.2M | -$536.8M | -$457.9M | -$317.3M | -$347.8M |
| Balance Sheet | |||||
| Cash and equivalents | $1.0B | $834.5M | $464.6M | $69.4M | $746.6M |
| Current assets | $2.1B | $858.4M | $480.2M | $545.5M | $754.8M |
| Total assets | $2.5B | $1.0B | $554.3M | $573.8M | $768.4M |
| Current liabilities | $104.4M | $71.1M | $114.0M | $53.3M | $28.3M |
| Total liabilities | $263.1M | $248.6M | $187.2M | $80.5M | $69.5M |
| Total debt | $81.1M | $65.0M | $7.5M | $10.0M | $20.0M |
| Stockholders' equity | $2.2B | $752.6M | $367.1M | $493.3M | $698.9M |
| Cash Flow Statement | |||||
| Cash from operations | -$432.9M | -$368.6M | -$271.6M | -$200.4M | -$108.4M |
| Depreciation and amortization | $20.0M | $11.7M | $6.5M | $3.1M | $1.3M |
| Stock-based compensation | $223.5M | $108.8M | $45.2M | $102.8M | $123.6M |
| Capital expenditure | $78.8M | $82.0M | $44.3M | $6.9M | $3.5M |
| Free cash flow | -$511.7M | -$450.6M | -$315.9M | -$207.3M | -$111.9M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 759.6M · Free float 75.8%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.