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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.R&D has become the dominant, steadily accelerating expense as Archer transitions from development to certification and manufacturing readiness—reflecting flight‑test expansion, software automation and plant build‑out—while G&A volatility largely reflects past one‑offs (warrant-related noise) but is trending higher in 2025 as headcount, manufacturing and commercialization costs scale. Other Warrant Expense has effectively disappeared, improving comparability. Management’s Q1 EBITDA loss guide and $2B liquidity confirm this is an intentional, funded burn to reach TIA/certification, but timing and geopolitical/certification risks keep revenue visibility limited.
Date | Research and Development | General and Administrative | Other Warrant Expense |
|---|---|---|---|
Jun 30, 2026 | $171.70M | $83.20M | $0.00 |
Mar 31, 2026 | $186.00M | $93.90M | $0.00 |
Dec 31, 2025 | $147.10M | $87.30M | $0.00 |
Sep 30, 2025 | $120.70M | $54.10M | $0.00 |
Jun 30, 2025 | $122.40M | $53.70M | $0.00 |
Mar 31, 2025 | $103.70M | $40.30M | $0.00 |
Dec 31, 2024 | $94.60M | $29.60M | $0.00 |
Sep 30, 2024 | $89.80M | $32.30M | $0.00 |
Jun 30, 2024 | $89.80M | $31.40M | $0.00 |
Mar 31, 2024 | $83.50M | $58.70M | $0.00 |