Article

Archer Aviation reported a net loss of $618.2 million for FY 2025 and approximately $188.9 million for Q4 2025, driven by increased operating expenses of $729.6 million, which included a rise in non-cash stock-based compensation. The company is expanding its Midnight fleet and is on track for piloted VTOL operations in the US under the eVTOL Integration Pilot Program and in the UAE, with plans for passenger flights in 2026.

Archer achieved full FAA acceptance of its aircraft's Means of Compliance, which supports certification efforts. The company maintains liquidity of around $2.0 billion, supporting ongoing investments in development and market entry strategies.