Want to see ACHR full AI Analyst Report?
Top Page
Archer Aviation
(NYSE:ACHR)
Select Model
Select Model
Rating:53Neutral
Price Target:
$5.00
▼(-18.17% Downside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by heavy losses and substantial cash burn despite early revenue traction. Offsetting factors include a strong liquidity and low-debt position and constructive near-term technical momentum, while valuation is constrained by negative earnings and recent legal disputes add incremental risk.
Positive Factors
Strong liquidity and low leverage
A $1.8B liquidity position with minimal debt provides durable financial flexibility to fund certification, initial production and program investments over the next several quarters. This lowers immediate solvency risk and buys time for commercial ramps or non-dilutive contract wins before operating cash flow turns positive.
Negative Factors
Large negative operating and free cash flow
Sustained negative OCF and FCF require ongoing external funding or material near-term revenue scale to avoid dilution. Even with current liquidity, persistent cash burn makes the company sensitive to financing markets and execution delays, and limits optionality for slower-burn scenarios without raising additional capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity and low leverage
A $1.8B liquidity position with minimal debt provides durable financial flexibility to fund certification, initial production and program investments over the next several quarters. This lowers immediate solvency risk and buys time for commercial ramps or non-dilutive contract wins before operating cash flow turns positive.
Read all positive factors
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 (ACHR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.78B
Dividend YieldN/A
Average Volume (3M)53.23M
Price to Earnings (P/E)―
Beta (1Y)3.24
Revenue GrowthN/A
EPS Growth11.41%
CountryUS
Employees774
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-1.10
Shares Outstanding759,598,000
10 Day Avg. Volume46,468,024
30 Day Avg. Volume53,227,454
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 Cap0.86
Enterprise Value/Revenue1.71K
Enterprise Value/Gross Profit-456.64
Enterprise Value/Ebitda-4.86
Forecast
1Y Price Target
$12.00Price Target Upside96.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-1.35
Revenue Forecast (FY)$10.49M
Archer Aviation Business Overview & Revenue Model
Company Description
Archer Aviation Inc. is a company focused on urban air mobility, specializing in the development, manufacturing, and operation of electric vertical takeoff and landing (eVTOL) aircraft for passenger transport. Initially incorporated as Atlas Crest...
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 Earnings Call Summary
Earnings Call Date:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call emphasized significant strategic and operational progress — including strong liquidity ($1.8B), FAA certification momentum, selection in multiple EIPP applications, growing partnerships, and an active defense program — while acknowledging rising near-term investment and execution risks (most expensive flight-test quarter, Q2 adjusted EBITDA loss guidance of $170–200M, nascent commercial revenue and remaining certification milestones). On balance, highlights around funding, regulatory progress, partnerships and clear commercialization pathways outweigh the near-term cost and timing risks.Positive Updates
Strong Liquidity Position
Archer reported $1.8 billion in liquidity with less than $100 million in debt (debt is under ~5.6% of liquidity), giving the company flexibility to fund civil, defense and software investments.
Negative Updates
Elevated Spend and Near-Term Losses
Management reiterated planned increased investment across civil, defense and software; Q2 adjusted EBITDA loss guidance of $170 million to $200 million reflects elevated near-term cash burn tied to flight test, certification and defense development.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Liquidity Position
Archer reported $1.8 billion in liquidity with less than $100 million in debt (debt is under ~5.6% of liquidity), giving the company flexibility to fund civil, defense and software investments.
Read all positive updates
Company Guidance
Archer guided to a slightly higher investment cadence in Q2 with adjusted EBITDA loss expected to be $170 million to $200 million, while reiterating $1.8 billion of liquidity and less than $100 million of debt; Q1 spend was on guidance and was the company’s most expensive quarter for its flight‑test program as it expands operations at Hawthorne, where it expects revenue to increase in Q2. On certification and operations, Archer said it closed Phase II of the FAA’s 4‑phase type certification process, is deep in other certification work, expects piloted transition and entry into EIPP operations in the second half of 2026, and plans to begin initial air‑taxi operations, start winning phased government defense awards and deploy AI solutions later this year. Production and fleet targets include two aircraft flying today, an initial build of roughly 8–10 aircraft allocated across flight test/EIPP/launch efforts, and industrial preparation to scale toward ~50 aircraft per year; the company also cited a U.S. ATC modernization spending target of over $20 billion and a 3–5 year horizon for growing air traffic needs.Archer Aviation Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.90M | 300.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -7.10M | 0.00 | 0.00 | -5.80M | -7.70M | 0.00 |
| EBITDA | -667.20M | -597.30M | -524.90M | -451.60M | -309.60M | -239.70M |
| Net Income | -742.50M | -618.20M | -536.80M | -457.90M | -317.30M | -347.80M |
Balance Sheet | ||||||
| Total Assets | 2.32B | 2.47B | 1.00B | 554.30M | 573.80M | 768.40M |
| Cash, Cash Equivalents and Short-Term Investments | 1.78B | 1.96B | 834.50M | 464.60M | 531.20M | 746.90M |
| Total Debt | 121.80M | 121.90M | 79.00M | 23.20M | 22.20M | 23.10M |
| Total Liabilities | 243.40M | 263.10M | 248.60M | 187.20M | 80.50M | 69.50M |
| Stockholders Equity | 2.08B | 2.20B | 752.60M | 367.10M | 493.30M | 698.90M |
Cash Flow | ||||||
| Free Cash Flow | -588.80M | -511.70M | -450.60M | -315.90M | -207.30M | -111.90M |
| Operating Cash Flow | -487.40M | -432.90M | -368.60M | -271.60M | -200.40M | -108.40M |
| Investing Cash Flow | -1.09B | -1.18B | -82.00M | 420.70M | -464.30M | -3.50M |
| Financing Cash Flow | 1.50B | 1.80B | 820.40M | 250.10M | -9.90M | 822.20M |
Archer Aviation Technical Analysis
Negative
6.11
Price Trends
5.82
Negative
6.02
Negative
7.56
Negative
Market Momentum
-0.31
Positive
41.13
Neutral
25.72
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 6.11 is above the 20-day moving average (MA) of 5.25, above the 50-day MA of 5.82, and below the 200-day MA of 7.56, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 41.13 is Neutral, neither overbought nor oversold. The STOCH value of 25.72 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 | $7.58B | -148.80 | -0.96% | ― | 8.95% | 78.82% | |
53 Neutral | $3.78B | -4.53 | -38.99% | ― | ― | 11.41% | |
53 Neutral | $762.98M | 16.77 | 16.15% | ― | 70.87% | ― | |
53 Neutral | $2.70B | -4.22 | -29.03% | ― | 33.58% | -18.98% | |
45 Neutral | $473.70M | -5.70 | -31.19% | ― | 22.18% | 15.10% | |
43 Neutral | $235.56M | -0.45 | 251.21% | ― | ― | ― |
* Industrials Sector Average
ACHR
Archer Aviation
4.98
-5.04
-50.30%
MRCY
Mercury Systems
126.21
74.78
145.40%
EH
Ehang Holdings
6.31
-10.46
-62.37%
EVTL
Vertical Aerospace
1.85
-5.21
-73.80%
SKYH
Sky Harbour Group
9.97
0.13
1.32%
RDW
Redwire
11.31
-4.17
-26.94%
Archer Aviation Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Archer Aviation Shareholders Uphold Structure at Annual Meeting
Neutral
Jun 30, 2026
At its 2026 Annual Meeting of Stockholders held on June 26, 2026, Archer Aviation shareholders elected Barbara Pilarski and Maria Pinelli as Class II directors to serve until the 2029 Annual Meeting or until their successors are chosen. Shareholde...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Archer Aviation Registers Shares and Issues Stock to Vendors
Neutral
May 14, 2026
On May 14, 2026, Archer Aviation Inc. filed a prospectus supplement with the SEC covering the potential resale of 3,266,870 previously issued Class A common shares held by selling stockholders, which were originally issued around May 13, 2026 unde...
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.