04 Mar Archer Announces Full Year 2025 Results
(Oilandgaspress) -Archer Aviation Inc. announced it is On-track for piloted vertical take-off and landing operations as part of the White House’s eVTOL Integration Pilot Program (eIPP) and Archer’s UAE commercial launch program. Ended 2025 with record liquidity of circa $2.0B.
| SUMMARY FINANCIALS (In millions; unaudited) | |||||||||||||||
| QUARTER ENDED | YEAR ENDED | ||||||||||||||
| DEC 31, 2025 | SEP 30, 2025 | DEC 31 2024 | DEC 31, 2025 | DEC 31, 2024 | |||||||||||
| TOTAL OPERATING EXPENSES | $ | 234.7 | $ | 174.8 | $ | 124.2 | $ | 729.6 | $ | 509.7 | |||||
| NET LOSS | (188.9 | ) | (129.9 | ) | (198.1 | ) | (618.2 | ) | (536.8 | ) | |||||
| NON-GAAP TOTAL OPERATING EXPENSES | 144.2 | 121.2 | 98.3 | 502.1 | 380.6 | ||||||||||
| ADJUSTED EBITDA | (137.9 | ) | (116.1 | ) | (94.8 | ) | (481.8 | ) | (368.9 | ) | |||||
| CASH, CASH EQUIVALENTS & SHORT-TERM INVESTMENTS | 1,964.7 | 1,641.3 | 834.5 | 1,964.7 | 834.5 | ||||||||||
The Company issued a shareholder letter from founder and CEO, Adam Goldstein discussing highlights from the quarter.
Recent Highlights
Piloted VTOL Operations on Track for eIPP and UAE with Expanded Midnight Fleet
Archer is growing its Midnight fleet and expanding its flight test program. The newest aircraft is now in its VTOL flight test campaign and will work through progressively more advanced test points ahead of full piloted transition flight.
Archer will continue to expand its piloted Midnight fleet throughout 2026, with several aircraft in various stages of completion.
With its growing fleet, Archer is on track for piloted vertical take-off and landing operations as part of the White House’s eVTOL Integration Pilot Program later this year.
Archer is also on track for piloted VTOL operations in the UAE, where it plans to deliver additional Midnight aircraft.
Archer is targeting its first passenger-carrying flights in 2026*.
100% FAA Acceptance of Midnight’s Means of Compliance
Archer became the first company to achieve 100% FAA acceptance of its eVTOL aircraft’s Means of Compliance.
Means of Compliance is the FAA-agreed-upon criteria by which Archer will demonstrate Midnight meets its airworthiness requirements.
Completing the Means of Compliance unlocks Archer’s ability to finalize the acceptance of its remaining certification plans with the FAA. Archer expects those to be resolved in the coming quarters, clearing the path for Type Inspection Authorization (TIA) activities to begin on its Midnight program as soon as this year.
Expanded Defense Opportunities and Powertrain Sales
Archer’s partnership with Anduril is at the core of its defense strategy, and it continues to expand. The two companies are designing an autonomous, hybrid-electric VTOL aircraft built for dual use.
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