Archer Aviation (ACHR)
NYSE:ACHR
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Archer Aviation
(NYSE:ACHR)
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Rating:47Neutral
Price Target:
$5.50
▲(1.85% Upside)
Action:ReiteratedDate: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
FAA Means of Compliance — 100% accepted
Acceptance of 100% of Means of Compliance meaningfully reduces core regulatory uncertainty around Midnight. This durable milestone permits Archer to finalize certification plans and begin TIA activities, accelerating the path to commercial deployments and unlocking downstream manufacturing and service revenue opportunities.
Negative Factors
Minimal revenue and heavy cash burn
Near‑zero revenue coupled with large and recurring operating losses and negative free cash flow is a structural weakness. Sustained burn increases reliance on financing, risks diluting shareholders or constraining capital allocation, and limits the firm's ability to scale manufacturing and services without further funding.
Read all positive and negative factors
Positive Factors
Negative Factors
FAA Means of Compliance — 100% accepted
Acceptance of 100% of Means of Compliance meaningfully reduces core regulatory uncertainty around Midnight. This durable milestone permits Archer to finalize certification plans and begin TIA activities, accelerating the path to commercial deployments and unlocking downstream manufacturing and service revenue opportunities.
Read all positive factors
Archer Aviation (ACHR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.02B
Dividend YieldN/A
Average Volume (3M)27.23M
Price to Earnings (P/E)―
Beta (1Y)3.09
Revenue GrowthN/A
EPS Growth11.14%
CountryUS
Employees774
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.26
Shares Outstanding744,538,800
10 Day Avg. Volume23,662,056
30 Day Avg. Volume27,232,828
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)2.13
Price to Sales (P/S)15649.31
P/FCF Ratio-9.17
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue10.26K
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-5.15
Forecast
1Y Price Target
$13.20Price Target Upside144.44% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-1.32
Revenue Forecast (FY)$16.76M
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 c...
How the Company Makes Money
Archer’s monetization strategy centers on (1) selling eVTOL aircraft to operators and (2) potentially operating air taxi services itself, supplemented by (3) services and ecosystem revenue over time.
1) Aircraft sales (primary long-term revenue s...
Archer Aviation Key Performance Indicators (KPIs)
Any
Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.
Data provided by:
The Fly
The FlyArcher Aviation Earnings Call Summary
Earnings Call Date:Mar 02, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful technical, regulatory and commercial progress — notably 100% FAA acceptance of Midnight's Means of Compliance, strong flight-test milestones (CTOL completed, piloted VTOL begun), a $2.0B liquidity cushion, and growing partnerships/backlog — positioning Archer well for certification and launch initiatives. However, the near-term picture includes elevated spending (Q1 adjusted EBITDA loss guidance of $160M–$180M), geopolitical uncertainty in the Middle East that could affect UAE deployment, remaining certification/testing work and external dependencies (DOT selection for eIPP). On balance, the positive milestones and strong liquidity outweigh the near-term challenges and elevated burn.Positive Updates
Strong Liquidity Position
Ended Q4 with approximately $2.0 billion in total liquidity, the highest watermark in Archer's history, providing runway to pursue commercialization, manufacturing ramp and adjacent investments.
Negative Updates
Elevated Near-Term Spending and Planned EBITDA Loss
Q1 adjusted EBITDA loss is estimated at negative $160 million to $180 million; management said spending will be elevated in 2025 to support manufacturing, hybrid aircraft development and software, indicating near-term cash burn despite strong liquidity.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Liquidity Position
Ended Q4 with approximately $2.0 billion in total liquidity, the highest watermark in Archer's history, providing runway to pursue commercialization, manufacturing ramp and adjacent investments.
Read all positive updates
Company Guidance
In the Q4 FY2025 call Archer said pilots completed Midnight’s CTOL campaign with flights >50 miles, >30 minutes, >10,000 ft and speeds >150 mph, have begun the piloted VTOL transition campaign and will expand the piloted fleet and flight envelope through 2026 to enable TIA with the FAA as soon as this year; they plan to deploy Midnight in 2026 (U.S. eIPP) and the UAE (commercial launch), use aircraft in 2026–27 for testing/TIA and ramp manufacturing into 2027–28 ahead of the Summer 2028 Olympics; the FAA has accepted 100% of Midnight’s Means of Compliance, the order book is “in the billions” with 7 major airline partners (plus new partners including PIF and Serbia), Q4 liquidity was approximately $2.0 billion (the company’s highest watermark), Q1 adjusted EBITDA loss is guided to $160–$180 million, they’ve invested in production sites (Covington, Hawthorne), opened a Bristol hub with 20+ hires, and shortened software update cycles from multi‑month to days via automation.Archer Aviation Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
63
Positive
Cash Flow
18
Very Negative
| 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
Negative
5.40
Price Trends
6.38
Negative
7.26
Negative
8.75
Negative
Market Momentum
-0.33
Negative
41.73
Neutral
61.49
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 5.4 is below the 20-day moving average (MA) of 5.58, below the 50-day MA of 6.38, and below the 200-day MA of 8.75, indicating a bearish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 41.73 is Neutral, neither overbought nor oversold. The STOCH value of 61.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ACHR.
Archer Aviation Risk Analysis
Archer Aviation disclosed 46 risk factors in its most recent earnings report. Archer Aviation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Archer Aviation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $789.03M | 16.12 | 16.37% | ― | 95.23% | 89.44% | |
55 Neutral | $4.78B | -73.03 | -2.08% | ― | 8.63% | 72.72% | |
51 Neutral | $1.78B | -4.01 | -29.10% | ― | -0.63% | -163.11% | |
47 Neutral | $4.02B | -7.59 | -37.76% | ― | ― | 11.14% | |
44 Neutral | $239.45M | 1.54 | -174.08% | ― | ― | ― | |
43 Neutral | $769.45M | -15.01 | -22.42% | ― | 23.58% | 20.74% |
* Industrials Sector Average
ACHR
Archer Aviation
5.40
-1.72
-24.16%
MRCY
Mercury Systems
79.60
31.57
65.73%
EH
Ehang Holdings
10.72
-4.50
-29.57%
EVTL
Vertical Aerospace
2.34
-1.22
-34.27%
SKYH
Sky Harbour Group
10.36
-0.76
-6.83%
RDW
Redwire
9.29
-0.89
-8.74%
Archer Aviation Corporate Events
Business Operations and StrategyExecutive/Board Changes
Archer Aviation Announces Executive Leadership Transition and Advisory Role
Neutral
Mar 19, 2026
Archer Aviation Inc. announced that Chief Administrative Officer Tosha Perkins will transition from her current role to serve as a senior advisor to the company, effective April 17, 2026. The move signals an upcoming change in the company’s ...
Business Operations and StrategyLegal Proceedings
Archer Escalates IP Battle Against Joby in eVTOL Market
Negative
Mar 12, 2026
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 fa...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Archer Aviation Files Prospectus, Plans Share Issuance to Vendors
Neutral
Mar 5, 2026
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 e...
Business Operations and StrategyLegal Proceedings
Archer Aviation Files Patent Suit Over eVTOL Technology
Negative
Feb 24, 2026
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...
Business Operations and StrategyLegal Proceedings
Archer Aviation Seeks Dismissal of Rival Joby Lawsuit
Negative
Jan 26, 2026
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 disclose...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Archer Aviation Registers Resale Shares After Acquisition Deal
Neutral
Jan 22, 2026
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 sto...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.