Quarterly ResultMay 11, 2026, 04:18 PM
Archer Q1 Revenue $1.6M; Net Loss $(217.7)M; FAA Cert Progress
AI Summary
Archer Aviation Inc. announced its first quarter 2026 operating and financial results, reporting revenue of $1.6 million and a net loss of $(217.7) million. The company achieved record FAA certification progress, becoming the first eVTOL company to close Phase 3 of the Type Certification process. Archer expects to begin US operations this year under the eVTOL Integration Pilot Program and in preparation for the LA28 Olympic Games, while also advancing its dual-use hybrid aircraft and AI stack partnerships. The company maintained strong liquidity, ending the quarter with approximately $1.8 billion in cash, cash equivalents, and short-term investments.
Key Highlights
- Q1 2026 Revenue increased to $1.6 million from $0.3 million in Q4 2025.
- Q1 2026 Net Loss was $(217.7) million, compared to $(188.9) million in Q4 2025.
- Q1 2026 Adjusted EBITDA loss was $(172.5) million, within guidance of $160M-$180M.
- Ended Q1 2026 with strong liquidity of $1,775.9 million in cash, cash equivalents, and short-term investments.
- First eVTOL company to close Phase 3 of the FAA's 4-phase Type Certification process.
- US operations expected to begin this year under the eVTOL Integration Pilot Program and for LA28 Olympic Games.
- Significant progress on dual-use, hybrid, autonomous aircraft with phased government awards expected this year.
- Q2 2026 Adjusted EBITDA loss is estimated to be between $170 million and $200 million.