Archer Aviation Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
ACHR$4.71-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Balance Sheets
(In millions, except share and per share data; unaudited)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $595.5 | $834.5 |
| Restricted cash | 7.3 | 6.8 |
| Short-term investments | 1,045.8 | — |
| Prepaid expenses | 30.6 | 12.5 |
| Other current assets | 12.9 | 4.6 |
| Total current assets | 1,692.1 | 858.4 |
| Property and equipment, net | 167.8 | 126.8 |
| Intangible assets, net | 5.3 | 0.3 |
| Right-of-use assets | 18.4 | 8.1 |
| Other long-term assets | 16.0 | 7.6 |
| Total assets | $1,899.6 | $1,001.2 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $23.7 | $14.6 |
| Current portion of lease liabilities | 5.4 | 3.7 |
| Accrued expenses and other current liabilities | 63.9 | 52.8 |
| Total current liabilities | 93.0 | 71.1 |
| Notes payable | 64.1 | 64.0 |
| Lease liabilities, net of current portion | 19.1 | 11.3 |
| Warrant liabilities | 58.6 | 89.4 |
| Other long-term liabilities | 10.5 | 12.8 |
| Total liabilities | 245.3 | 248.6 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of September 30, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.0001 par value; 1,400,000,000 shares authorized; 651,297,219 and 503,777,464 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 0.1 | 0.1 |
| Class B common stock, $0.0001 par value; 300,000,000 shares authorized; no shares issued and outstanding as of September 30, 2025 and December 31, 2024 | — | — |
| Additional paid-in capital | 3,771.5 | 2,438.4 |
| Accumulated deficit | (2,114.9) | (1,685.6) |
| Accumulated other comprehensive loss | (2.4) | (0.3) |
| Total stockholders’ equity | 1,654.3 | 752.6 |
| Total liabilities and stockholders’ equity | $1,899.6 | $1,001.2 |
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