Archer Aviation Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
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 Statements of Operations
(In millions, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $0.3 | $— | $— |
| Operating expenses | |||
| Cost of revenue | 0.3 | — | — |
| Research and development | 493.9 | 357.7 | 276.4 |
| General and administrative | 235.4 | 152.0 | 168.4 |
| Other warrant expense | — | — | 2.1 |
| Total operating expenses | 729.6 | 509.7 | 446.9 |
| Loss from operations | (729.3) | (509.7) | (446.9) |
| Other income (expense), net | 58.6 | (48.8) | (26.9) |
| Interest income, net | 52.8 | 21.9 | 16.4 |
| Loss before income taxes | (617.9) | (536.6) | (457.4) |
| Income tax expense | (0.3) | (0.2) | (0.5) |
| Net loss | $(618.2) | $(536.8) | $(457.9) |
| Net loss per share, basic and diluted | $(0.99) | $(1.42) | $(1.69) |
| Weighted-average shares outstanding, basic and diluted | 624,307,768 | 376,734,395 | 270,408,132 |
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