Archer has revealed that it recorded a net loss of USD294.3 million on revenue of USD5.1m in the the third quarter this compares with USD263.2m in the second quarter and USD129.9m in the same quarter of last year. When expressed as adjusted earnings before interest taxation depreciation and amortisation (Adj EBITDA) the figure reduces to a loss of USD178.5m versus USD116.1m in the same period of 2025. As a result, the company’s accumulated deficit now stands at just over USD3 billion.
In terms of reserves, Archer has USD1.353 billion in cash, cash equivalents and short term investments, enough at present rates of spending for just over another 18 months of operations, assuming no further inward investment.
Despite the results, and lack of of progress in completing a full transition flight with it’s Midnight eVTOL, Archer Founder and CEO Adam Goldstein remained typically upbeat in his letter the shareholders making much of the imminent completion of the Wisk acquisition which will make Boeing a significant shareholder as well as the “no roads” tour, series of CTOL demonstration flights by a Midnight prototype. Additionally he made much of the company’s pivot to defence and the unmanned Halo hybrid tilt rotor in early development.
Image: Archer
