Archer Aviation Inc.ACHR
NYSE•Industrials•Aerospace & Defense
Archer Aviation Inc., together with its subsidiaries, designs and develops aircraft and related technologies and services for commercial and defense sectors in the United States and internationally. The company offers electric vertical takeoff and landing (eVTOL) aircraft for urban air taxi operations. Archer Aviation Inc. is based in San Jose, California.
Archer Aviation Inc. (ACHR) reported trailing twelve months revenue of $1.90M as of March 2026, a Infinity% increase year-over-year. Quarterly revenue reached $1.60M, reflecting continued top-line momentum.
Archer Aviation Inc. reported a TTM net loss of $742.50M, with quarterly EBITDA of $-246.80M. The operating margin expanded from -14400000000.0% to -15912.5%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (-15912.5%) and net margin (-13606.3%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -9340000000.0% a year ago, signaling stronger bottom-line efficiency.
ACHR trades at a P/S of 2163.3x. The price-to-book ratio of 2.0x reflects a moderate premium to book value.
The company reported negative free cash flow of $-181.70M, indicating cash consumption over the period. The balance sheet shows $2.32B in total assets with $78.80M in long-term debt against $2.08B in stockholders equity for a debt-to-equity ratio of 0.0, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -10780011755.7%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Only 0 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 0.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.
Shares outstanding increased 53.0% — significant dilution, likely from stock compensation or capital raises.