Archer Aviation (ACHR) AI Stock Analysis

• Market Cap: $5.93B
• Dividend Yield: N/A
• Average Volume (3M): 35.93M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.05
• Revenue Growth: N/A
• EPS Growth: 11.14%
• Country: US
• Employees: 774
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -0.20
• Shares Outstanding: 732,591,550
• 10 Day Avg. Volume: 39,314,695
• 30 Day Avg. Volume: 35,925,306
• PEG Ratio: 0.43
• Price to Book (P/B): 4.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.15
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -1.03K
• Enterprise Value/Ebitda: -8.42
• 1Y Price Target: $12.40
• Price Target Upside: 60.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: $9.00 ▲(16.43% Upside)

Overall score is held back most by weak financial performance (no revenue, large losses, and heavy cash burn). The earnings call provides a meaningful offset via strengthened liquidity, operational/strategic progress (Hawthorne hub and test milestones), and partnership traction. Technicals are neutral-to-slightly supportive short term, while valuation remains hard to justify on earnings-based measures due to ongoing losses.

Positive Factors

Strong liquidity runway

A $650M equity raise that lifts reported liquidity above $2B materially extends Archer’s runway, reducing near-term refinancing risk and enabling continued investment in certification, production scale-up, and strategic acquisitions. That optionality supports execution through commercialization hurdles.

Strategic operational hub

Control of Hawthorne Airport creates a durable operational advantage: it provides a proximate testbed, maintenance and deployment hub, and potential revenue from airport operations. Owning/controlling this infrastructure lowers operating friction and supports scale-up for LA and broader network plans.

Expanded IP & tech partnerships

Adding Lilium’s patent portfolio expands Archer’s technology moat in ducted-fan propulsion and flight controls, strengthening product differentiation. Combined with airline/launch partnerships, the IP base supports defensibility, accelerates certification work, and enables dual-use (commercial/defense) opportunities.

Negative Factors

Pre-commercial; deep losses

Archer remains pre-revenue with substantial TTM losses, reflecting development-stage economics. Without product sales, the company can’t demonstrate sustainable unit economics or operating leverage, leaving profitability dependent on successful certification, timely production ramp, and customer demand execution.

Persistent cash burn

Consistent negative operating cash flow and large negative free cash flow indicate ongoing reliance on external financing. Even with current liquidity, sustained burn necessitates future capital raises or rapid commercialization, which can dilute shareholders and pressure long-term capital efficiency before self-funded growth is reached.

Ongoing legal overhang

Active litigation with a major rival creates a durable governance and execution risk: legal costs, management distraction, potential remedies or injunctions, and reputational effects. Litigation outcomes can affect IP freedom-to-operate, partner willingness, and hiring, complicating long-term commercialization plans.

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 Aviation makes money primarily through the sale and potential leasing of its eVTOL aircraft. The company is focused on developing a viable urban air mobility service, which includes generating revenue from aircraft sales to commercial operators or through direct operation of its own aerial ridesharing service. Key revenue streams also include partnerships with major companies in the aerospace and automotive sectors, such as its collaboration with United Airlines for pre-orders of its aircraft, which provides a future revenue pipeline. Additionally, Archer may explore revenue from aftermarket services, maintenance, and potentially licensing its technology in the future.

Archer Aviation Financial Statement Overview

Summary

Financial profile remains development-stage: no meaningful revenue reported, large and expanding losses, and heavy ongoing operating/free-cash-flow burn. Offsetting factor is a relatively strong balance sheet with low leverage (very low debt-to-equity) and a sizable equity base that supports near-term flexibility.

Income Statement

Results remain deeply loss-making with no reported revenue across the annual periods and TTM (Trailing-Twelve-Months), indicating the business is still pre-commercial. Losses have expanded versus earlier years (net loss rising from about $24.8M in 2020 to $536.8M in 2024 and $627.4M in TTM), and TTM (Trailing-Twelve-Months) gross profit is negative, pointing to ongoing cost pressure without meaningful sales to absorb expenses. A modest positive is that EBITDA losses in 2024 were slightly better than TTM, but overall profitability and operating leverage remain weak.

Balance Sheet

The balance sheet is supported by a sizable equity base relative to debt: TTM (Trailing-Twelve-Months) debt-to-equity is low (~0.05), indicating limited financial leverage. Total assets have increased materially (from ~$41.8M in 2020 to ~$1.90B in TTM), suggesting significant capital build and funding access. The key weakness is returns: return on equity is sharply negative (TTM ~-49%), reflecting heavy losses that erode shareholder value over time despite low debt.

Cash Flow

Cash burn remains heavy and persistent, with operating cash flow negative every year and worsening in dollar terms (from about -$22.8M in 2020 to -$368.6M in 2024 and -$408.0M in TTM). Free cash flow is also consistently negative (TTM about -$481.5M), implying ongoing reliance on external funding to sustain operations. While TTM free cash flow growth is positive versus the prior period in the dataset, the absolute level of cash outflow is still large, and cash generation has not yet stabilized.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-4.80M	0.00	-5.80M	-7.70M	0.00	-103.00K
EBITDA	-586.40M	-498.00M	-451.60M	-309.60M	-239.70M	-24.40M
Net Income	-627.40M	-536.80M	-457.90M	-317.30M	-347.80M	-24.80M
Balance Sheet
Total Assets	1.90B	1.00B	554.30M	573.80M	768.40M	41.80M
Cash, Cash Equivalents and Short-Term Investments	1.64B	834.50M	464.60M	531.20M	746.90M	36.60M
Total Debt	88.60M	79.00M	23.20M	22.20M	23.10M	3.20M
Total Liabilities	245.30M	248.60M	187.20M	80.50M	69.50M	5.90M
Stockholders Equity	1.65B	752.60M	367.10M	493.30M	698.90M	35.90M
Cash Flow
Free Cash Flow	-481.50M	-450.60M	-315.90M	-207.30M	-111.90M	-24.70M
Operating Cash Flow	-408.00M	-368.60M	-271.60M	-200.40M	-108.40M	-22.80M
Investing Cash Flow	-1.13B	-82.00M	420.70M	-464.30M	-3.50M	-1.90M
Financing Cash Flow	1.63B	820.40M	250.10M	-9.90M	822.20M	51.20M

Archer Aviation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.73
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 7.73 is below the 20-day moving average (MA) of 8.45, below the 50-day MA of 8.13, and below the 200-day MA of 9.58, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 40.83 is Neutral, neither overbought nor oversold. The STOCH value of 5.73 is Positive, 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	62 Neutral	$6.07B	-177.66	-2.24%	―	8.63%	72.72%
RDW	58 Neutral	$2.35B	-4.18	-50.08%	―	-0.63%	-163.11%
ACHR	55 Neutral	$5.93B	-6.53	-59.13%	―	―	11.14%
EVTL	45 Neutral	$527.12M	-0.56	―	―	―	―
SKYH	45 Neutral	$707.90M	-17.08	-5.40%	―	95.23%	89.44%
EH	43 Neutral	$952.48M	-30.54	-24.59%	―	23.58%	20.74%

Archer Aviation Corporate Events

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.

Archer Aviation Files Prospectus for Share Resale

On December 10, 2025, Archer Aviation filed a prospectus supplement with the SEC for the resale of over 1.17 million shares of Class A common stock, linked to its acquisition of intellectual property assets from Overair Inc. Additionally, Archer completed the first phase of acquiring control of Hawthorne Airport, which will serve as a hub for its L.A. air taxi network and future operations, including during the LA28 Olympic Games. This strategic move positions Archer to enhance its operational capabilities and leverage the airport as a testbed for next-generation aviation technologies.

The most recent analyst rating on (ACHR) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page.

Archer Aviation Partners with Karem for VTOL Advancements

On December 1, 2025, Archer Aviation announced an exclusive collaboration with Karem Aircraft to integrate Karem’s advanced military-grade rotor and tiltrotor technologies into Archer’s next-generation autonomous, hybrid-propulsion VTOL aircraft. This strategic alliance aims to enhance Archer’s dual-use vertical lift platform, which is designed to modernize legacy capabilities for the U.S. and allied militaries. The collaboration, along with Archer’s recent acquisitions of Overair’s and Lilium’s patented technologies, positions Archer to deliver an advanced aircraft capable of operating in contested airspace with low thermal and acoustic signatures. This move underscores Archer’s expansion into the dual-use and hybrid VTOL space, leveraging its core technologies across commercial and defense programs.

The most recent analyst rating on (ACHR) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page.

Archer Aviation Issues Shares to Strengthen Market Position

On November 26, 2025, Archer Aviation Inc. announced the issuance of 1,517,618 shares of Class A common stock as part of a license agreement with certain parties. This move is part of their strategic efforts to strengthen their market position and expand their operational capabilities.

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 Faces Lawsuit from Joby Aero

On November 18, 2025, Joby Aero, Inc. filed a lawsuit against Archer Aviation Inc. in the Superior Court of California, alleging trade-secret misappropriation, breach of contract, and interference with Joby’s contracts and economic prospects following Archer’s hiring of a former Joby employee. Archer Aviation disputes these allegations and plans to defend itself vigorously, which could impact its legal standing and stakeholder relations.

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 for Stock Resale

On November 19, 2025, Archer Aviation Inc. filed a prospectus supplement with the SEC for the resale of 1,095,321 shares of Class A common stock, initially issued under a Stock Retainer Agreement dated November 5, 2025. This filing is part of the company’s ongoing efforts to manage its capital structure and enhance liquidity, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (ACHR) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page.

Archer Aviation Acquires Hawthorne Airport Lease

On November 5, 2025, Archer Aviation entered into agreements to acquire the master lease of Hawthorne Airport and related subleases for $126 million. The acquisition includes an option to purchase a majority stake in the airport’s fixed base operator business and plans for additional hangar development. This strategic move is expected to enhance the company’s operational capabilities and market positioning in the aviation industry.

The most recent analyst rating on (ACHR) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page.

Archer Aviation Announces $650 Million Stock Offering

On November 6, 2025, Archer Aviation Inc. announced a registered direct offering of 81,250,000 shares of its Class A common stock, expected to raise $650 million. The proceeds will be used for the acquisition and redevelopment of Hawthorne Airport and other corporate purposes. This move is part of Archer’s strategy to establish the airport as a hub for its air taxi network and a testbed for AI-powered aviation technologies. Additionally, Archer has made significant strides in its Midnight aircraft’s certification process and expanded its international reach with partnerships in the UAE and Asia, further solidifying its position in the eVTOL market.

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.