Overview
- Shares fell 22.9% in 2025 and have risen early in 2026, yet the stock remains highly volatile with three sharp drawdowns in a year including a drop of more than 33% since October.
- Third-quarter 2025 results showed no revenue and a net loss of about $130 million, with approximately $121 million in research and development and $54 million in general and administrative costs.
- A lower per-share loss year over year reflected a 66% increase in shares outstanding, following a $650 million stock sale that raised dilution concerns.
- Archer reports ongoing progress toward FAA approvals for its Midnight aircraft and says it has a first customer in Abu Dhabi with a goal to begin carrying passengers in 2026.
- The company is laying groundwork for U.S. service in California and New York and has purchased Hawthorne Airport for $126 million in cash.