Overview
- Shares fell 22.9% in 2025 and have dropped more than 33% since October, reflecting ongoing investor uncertainty.
- In Q3 2025, Archer reported roughly $121 million in research and development spending and about $54 million in general and administrative costs.
- The company posted a $0.20 per-share loss for Q3 2025, driven lower year over year by a 66% increase in shares outstanding despite a larger absolute loss of nearly $130 million.
- Management targets carrying initial passengers in Abu Dhabi in 2026 as the Midnight aircraft advances through the regulatory approval process.
- Archer says it has groundwork in place for U.S. service in markets such as California and New York once regulators grant approval.