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Jun 30
Archer Aviation Q2 2025 Earnings Report
Reported a net loss as manufacturing of Midnight aircraft ramped up ahead of early commercial deployments.
Key Takeaways
Archer Aviation ended Q2 2025 with no revenue as it continued pre-commercial operations, recording a net loss of $206 million driven by heavy investment in aircraft development, certification, and production capabilities. The company strengthened its liquidity to $1.724 billion and highlighted progress with six Midnight aircraft in production, partnerships for the LA28 Olympics, and initial deployments in the UAE.
No revenue reported as the company remains in pre-commercial stage.
Net loss widened to $206 million due to increased operating expenses and lower other income.
Cash and cash equivalents reached $1.724 billion after an $850 million capital raise.
Six Midnight aircraft in production, with three in final assembly.
Archer Aviation
Archer Aviation
Forward Guidance
The company expects Q3 2025 adjusted EBITDA loss between $110 million and $130 million as it continues development and production ramp-up.
Positive Outlook
- Anticipates continued progress on FAA type certification.
- Plans for early commercial deployments in the U.S. as soon as next year.
- UAE Launch Edition program underway with first Midnight aircraft delivered.
- Strong liquidity to fund operations and growth.
- Partnerships with LA28 Olympics and U.S. government to promote eVTOL adoption.
Challenges Ahead
- Continued significant adjusted EBITDA losses expected.
- No revenue generation until commercial operations commence.
- Heavy reliance on capital reserves for ongoing investments.
- Uncertainty in timing of FAA certification and approvals.
- Exposure to risks in scaling manufacturing and supply chain.