Archer Aviation (ACHR) AI Stock Analysis

• Market Cap: $4.47B
• Dividend Yield: N/A
• Average Volume (3M): 31.52M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.15
• Revenue Growth: N/A
• EPS Growth: 11.14%
• Country: US
• Employees: 774
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -0.26
• Shares Outstanding: 744,538,800
• 10 Day Avg. Volume: 30,018,607
• 30 Day Avg. Volume: 31,522,902
• PEG Ratio: 0.25
• Price to Book (P/B): 2.13
• Price to Sales (P/S): 15649.31
• P/FCF Ratio: -9.17
• Enterprise Value/Market Cap: 0.78
• Enterprise Value/Revenue: 11.65K
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -5.85
• 1Y Price Target: $13.20
• Price Target Upside: 119.63% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): -1.28
• Revenue Forecast (FY): $16.76M

• Rating: 47 Neutral
• Price Target: $6.00 ▼(-0.17% Downside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is held down primarily by very weak financial performance (minimal revenue, large losses, and significant ongoing cash burn) and a bearish technical setup (below key moving averages with negative MACD). These are partially offset by a positive earnings-call backdrop highlighting meaningful FAA and flight-test progress and a sizable liquidity cushion, though legal disputes and limited near-term revenue visibility temper the outlook.

Positive Factors

Strong liquidity

The roughly $2.0B liquidity watermark provides multiple quarters of runway to fund certification, manufacturing ramp, and testing without immediate capital raises. That cushion materially reduces near‑term financing risk and supports sustained investment in production and software capabilities.

FAA Means of Compliance acceptance

100% FAA acceptance of Means of Compliance cuts significant regulatory uncertainty, enabling Archer to finalize certification plans and begin TIA activities. This durable regulatory alignment improves the credibility of commercialization timelines and reduces technical/regulatory tail risk.

Deep partnerships and backlog

A multibillion backlog and alliances with airlines, PIF and tech/defense firms (Anduril, Palantir, NVIDIA, SpaceX) create diversified demand channels, validation, and integration support. Partnerships strengthen go‑to‑market reach and potential aftermarket/service revenue durability.

Negative Factors

High cash burn

Sustained negative operating cash flow and free cash flow reflect heavy ongoing investment and operating losses. Over multiple quarters this burn will deplete liquidity without revenue ramp, raising refinancing risk, constraining capital allocation, and forcing tradeoffs in timing or scale of production.

Minimal revenue; large losses

Effectively no material revenue alongside widening net losses shows Archer remains pre‑commercial. This fragile revenue profile means profitability depends entirely on successful certification and aircraft sales, making near‑term economic viability contingent on execution rather than current operations.

Escalating IP litigation

Multiple high‑stakes intellectual property actions and an ITC complaint create potential for costly litigation, injunctions, and distraction. Legal uncertainty can delay deployments, increase cash outflows, and restrict competitor access or supply relationships, posing structural execution risk.

Archer Aviation Business Overview & Revenue Model

Company Description

Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in Palo Alto, California.

How the Company Makes Money

Archer’s revenue model is primarily tied to commercializing its eVTOL platform and, over time, operating an air-taxi service. Key ways the company expects to make money include: (1) Aircraft sales and related programs: generating revenue from selling eVTOL aircraft to operators and partners, potentially supported by pre-delivery payments, purchase agreements, or other commercial arrangements associated with aircraft orders; the specific pricing, volumes, and timing depend on certification, production ramp, and customer contracts (null if not publicly specified in detail). (2) Services and support: recurring revenue opportunities from maintenance, repairs and overhaul, parts, training, software, and other aftermarket/support services once aircraft are in service; the exact mix and contractual terms are not fully disclosed and may evolve (null for any undisclosed specifics). (3) Air mobility operations: revenue from providing passenger transportation (air-taxi/urban air mobility) if Archer operates routes directly or via joint ventures; monetization would typically come from passenger fares and potentially ancillary operational revenues, contingent on regulatory approvals and operational launch timelines (route-level unit economics not publicly specified in full detail: null). (4) Strategic partnerships and ecosystem buildout: collaborations with suppliers, manufacturers, and potential operators can contribute to earnings indirectly by accelerating certification/production, enabling distribution, or securing future demand; any direct partnership-derived revenue depends on the disclosed commercial terms for each agreement (null where terms are not publicly available). As an early-stage aviation manufacturer, near-term reported revenue may be limited compared with development and certification expenditures, with meaningful revenue scaling expected to depend on FAA certification, production readiness, and entry into service.

Archer Aviation Financial Statement Overview

Summary

Financial profile remains high-risk: revenue is minimal ($0.3M in 2025) with large and widening losses (net loss $618.2M). Cash burn is substantial (operating cash flow –$432.9M; free cash flow –$511.7M). The balance sheet is a relative strength with low leverage (debt $42.4M vs. equity $2.20B), but ongoing losses can erode flexibility over time.

Income Statement

Operating performance remains very weak. Revenue is effectively minimal (only $0.3M in 2025), while losses are large and widening versus prior years (net loss of $618.2M in 2025 vs. $536.8M in 2024). Profitability is deeply negative, indicating the business is still in a heavy investment/burn phase with no meaningful scale yet.

Balance Sheet

Balance sheet is a relative bright spot due to low leverage. Total debt is modest ($42.4M in 2025) against a large equity base ($2.20B), resulting in very low debt-to-equity (~0.02). The key weakness is returns: equity is not generating profits (return on equity is negative), and continued losses can pressure the equity cushion over time if funding needs persist.

Cash Flow

Cash generation is weak with persistent and sizable cash burn. Operating cash flow is negative (–$432.9M in 2025) and free cash flow is also negative (–$511.7M), reflecting ongoing investment and operating losses. A positive free cash flow growth rate in 2025 reflects year-to-year movement but does not change the core issue that cash outflows remain substantial and recurring.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	300.00K	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	-5.80M	-7.70M	0.00
EBITDA	-597.30M	-498.00M	-451.60M	-309.60M	-239.70M
Net Income	-618.20M	-536.80M	-457.90M	-317.30M	-347.80M
Balance Sheet
Total Assets	2.47B	1.00B	554.30M	573.80M	768.40M
Cash, Cash Equivalents and Short-Term Investments	1.96B	834.50M	464.60M	531.20M	746.90M
Total Debt	42.40M	79.00M	23.20M	22.20M	23.10M
Total Liabilities	263.10M	248.60M	187.20M	80.50M	69.50M
Stockholders Equity	2.20B	752.60M	367.10M	493.30M	698.90M
Cash Flow
Free Cash Flow	-511.70M	-450.60M	-315.90M	-207.30M	-111.90M
Operating Cash Flow	-432.90M	-368.60M	-271.60M	-200.40M	-108.40M
Investing Cash Flow	-1.18B	-82.00M	420.70M	-464.30M	-3.50M
Financing Cash Flow	1.80B	820.40M	250.10M	-9.90M	822.20M

Archer Aviation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACHR, the sentiment is Negative. The current price of 6.01 is below the 20-day moving average (MA) of 6.67, below the 50-day MA of 7.38, and below the 200-day MA of 9.15, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 37.81 is Neutral, neither overbought nor oversold. The STOCH value of 20.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ACHR.

Archer Aviation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MRCY	55 Neutral	$4.74B	-73.03	-2.08%	―	8.63%	72.72%
RDW	51 Neutral	$1.83B	-4.01	-29.10%	―	-0.63%	-163.11%
ACHR	47 Neutral	$4.47B	-7.59	-37.76%	―	―	11.14%
SKYH	47 Neutral	$729.97M	-44.52	-3.94%	―	95.23%	89.44%
EVTL	45 Neutral	$363.57M	―	1730.37%	―	―	―
EH	43 Neutral	$801.75M	-15.01	-22.42%	―	23.58%	20.74%

Archer Aviation Corporate Events

Archer Escalates IP Battle Against Joby in eVTOL Market

On March 9, 2026, Archer Aviation filed a counterclaim and answer in its ongoing federal court litigation with Joby Aero and Joby Aviation in the U.S. District Court for the Northern District of California. Archer alleges unfair competition and false advertising by Joby and is seeking damages, declaratory relief, and other remedies.

On the same date, Archer lodged a complaint with the U.S. International Trade Commission seeking to block Joby from importing certain eVTOL-related products it claims infringe several of Archer’s U.S. patents covering aircraft, power systems, and components. The actions escalate a high-stakes intellectual property and competitive dispute in the emerging eVTOL sector, with potential implications for both companies’ market positions and product roadmaps.

The most recent analyst rating on (ACHR) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page.

Archer Aviation Files Prospectus, Plans Share Issuance to Vendors

On March 5, 2026, Archer Aviation filed a prospectus supplement with the SEC to facilitate the resale of 5,325,440 previously issued Class A common shares held by selling stockholders, which were originally issued under stock purchase agreements executed around March 4, 2026. The move does not raise new capital for Archer but provides liquidity for existing holders, while, on or about March 10, 2026, the company plans to issue up to $8 million of additional Class A shares to certain vendors as non-cash payment for goods and services, modestly increasing the public float and signaling continued reliance on equity for operational expenditures.

The most recent analyst rating on (ACHR) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page.

Archer Aviation Files Patent Suit Over eVTOL Technology

On February 23, 2026, Archer Aviation Inc. filed a patent infringement lawsuit in the U.S. District Court for the Eastern District of Texas against Vertical Aerospace Ltd. and Vertical Aerospace Group Ltd. Archer alleges that Vertical’s Valo eVTOL aircraft infringes multiple patents tied to Archer’s Midnight eVTOL design and technology.

The company is seeking an injunction to halt Vertical’s alleged infringing activities, along with monetary damages for past infringement, underscoring how intellectual property protection is becoming a central battleground in the competitive eVTOL sector. The case highlights rising legal and commercial stakes as rival developers race to secure technological advantages in next-generation urban air mobility.

The most recent analyst rating on (ACHR) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page.

Archer Aviation Seeks Dismissal of Rival Joby Lawsuit

Archer Aviation Inc., an electric vertical takeoff and landing (eVTOL) aircraft developer, operates in the emerging urban air mobility and advanced aviation technology sector. On January 23, 2026, the company moved to dismiss a previously disclosed complaint filed by rival Joby Aero, Inc., signaling its intent to aggressively contest the litigation, though no hearing date has yet been set, and the matter remains an ongoing legal overhang for the company and its stakeholders.

The most recent analyst rating on (ACHR) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page.

Archer Aviation Registers Resale Shares After Acquisition Deal

On January 22, 2026, Archer Aviation filed a prospectus supplement with the U.S. Securities and Exchange Commission to register the resale of 341,984 shares of its Class A common stock that had been issued to certain selling stockholders under stock purchase agreements dated January 17, 2026, as part of Archer’s contemporaneous acquisition of a business owned by those stockholders. The filing, which relies on an existing shelf registration statement and is supported by a legal validity opinion from Fenwick & West LLP, facilitates liquidity for the sellers tied to the acquisition while underscoring Archer’s use of equity as consideration in its expansion strategy.

The most recent analyst rating on (ACHR) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page.