Archer Aviation Inc.
11.18+0.04 (+0.36%)
Oct 29, 4:00:02 PM EDT · NYSE · ACHR · USD
Key Stats
Market Cap
7.24BP/E (TTM)
-Basic EPS (TTM)
-1.27Dividend Yield
0%Recent Filings
8-K
Archer acquires Lilium patents
Archer Aviation won a competitive bid to acquire Lilium GmbH's ~300 patent assets in eVTOL innovations like ducted fans and battery management for €18M, announced October 15, 2025, with closure expected in Q4. This bolsters Archer's portfolio to over 1,000 assets worldwide, enhancing its tech edge amid sector consolidation. Lilium's $1.5B R&D investment fuels Archer's product roadmap. Risks hinge on closing conditions.
8-K
Archer ramps manufacturing, boosts cash
Archer Aviation bolstered its balance sheet to $1.7 billion in cash after a $850 million raise, fueling Q2 operating expenses of $176.1 million and a net loss of $206.0 million amid manufacturing ramp-up. Six Midnight aircraft now in production, three in final assembly, support UAE flight tests and LA 2028 Olympic air taxi role, while two defense acquisitions accelerate market entry. Cash burn stays controlled. Q3 adjusted EBITDA loss eyes $110-130 million.
10-Q
Q2 FY2025 results
Archer Aviation's Q2 FY2025 results showed operating expenses climbing 45% year-over-year to $176.1M, driven by ramped-up R&D spending on eVTOL development, while net loss widened to $206.0M from $106.9M amid a $40.0M hit from warrant fair-value changes. Cash swelled to $1,724.0M after $1,121.3M in equity raises, including a $816.8M direct offering, bolstering liquidity against $64.1M in long-term debt. Free cash flow ran negative at $232.1M (derived), yet the balance sheet strengthened with $1,680.9M in equity. Expenses surged on personnel and materials. Cash burn accelerated. Ongoing Delaware class action litigation poses a lingering risk.
8-K
Leadership shuffle and lawsuit relief
Archer Aviation promoted Eric Lentell to Chief Legal & Strategy Officer on July 21, 2025, expanding his role from General Counsel without compensation changes, while hiring Aaron Goodman as the new General Counsel with deep litigation expertise from Baker McKenzie and DLA Piper. In a related win, a Delaware court partially dismissed a stockholder class action over the 2021 business combination, dropping claims against CEO Adam Goldstein and narrowing fiduciary duty allegations against the company. Archer plans a vigorous defense. Litigation won't dent business.
8-K
CFO steps down after leave
Archer Aviation's CFO Mark Mesler stepped down effective July 7, 2025, after medical leave since September 2024. Priya Gupta, who has served as acting CFO during his absence, continues in the role, with Harsh Rungta remaining as SVP Finance and Chief Accounting Officer. Under the transition agreement, Mesler receives nine months' base salary, three months' target bonus, and accelerated vesting of restricted stock units. This ensures leadership continuity amid ongoing operations.
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