Archer Aviation Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 11, 2026
ACHR$4.71-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(In millions; unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(217.7) | $(93.4) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization expense | 7.8 | 4.1 |
| Stock-based compensation expense | 70.4 | 30.1 |
| Change in fair value of warrant liabilities | (22.8) | (41.7) |
| Non-cash lease expense | 1.7 | 0.8 |
| Research and development warrant expense | — | 0.8 |
| General and administrative warrant expense | 1.1 | — |
| Amortization of short-term investments purchased at a premium | 1.6 | — |
| Others | 0.3 | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (5.4) | (1.6) |
| Other current assets | 1.9 | (1.2) |
| Other long-term assets | (6.5) | (1.7) |
| Accounts payable | (5.2) | 0.5 |
| Accrued expenses and other current liabilities | 28.0 | 8.1 |
| Operating lease right-of-use assets and lease liabilities, net | (0.3) | (1.0) |
| Other long-term liabilities | (4.0) | 1.6 |
| Net cash used in operating activities | (149.1) | (94.6) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (32.6) | (10.0) |
| Proceeds from maturities of short-term investments | 115.0 | — |
| Business acquisition, net of cash acquired | (3.7) | — |
| Net cash provided by (used in) investing activities | 78.7 | (10.0) |
| Cash flows from financing activities | ||
| Repayment of long-term debt | (0.1) | — |
| Proceeds from PIPE financing | — | 10.0 |
| Proceeds from issuance of common stock | — | 301.8 |
| Proceeds from exercise of stock options | 0.1 | — |
| Payment of offering costs in connection with financing activities | — | (11.6) |
| Net cash provided by financing activities | — | 300.2 |
| Net change in cash, cash equivalents, and restricted cash | (70.4) | 195.6 |
| Cash, cash equivalents, and restricted cash, beginning of period | 1,028.8 | 841.3 |
| Cash, cash equivalents, and restricted cash, end of period | $958.4 | $1,036.9 |
| Supplemental Cash Flow Information: | ||
| Non-cash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable and accrued expenses | $14.1 | $6.7 |
| Purchases of property and equipment in common stock | $7.4 | $— |
| Purchase of business acquisition in common stock | $2.9 | $— |
| Payment of offering costs in connection with financing activities in common stock | $— | $1.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.