ACHR - Archer Aviation Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$11.50
DETAILS
HIGH:
$12.00
LOW:
$11.00
MEDIAN:
$11.50
CONSENSUS:
$11.50
UPSIDE:
73.19%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0.3 | 0 | 5.8 | 7.7 | 0 | 0.1 | 0 |
| Gross Profit | 0 | 0 | (5.8) | (7.7) | 0 | (0.1) | 0 |
| Operating Expenses | |||||||
| R&D Expenses | 493.9 | 357.7 | 271.1 | 169.2 | 64.3 | 21.1 | 1.5 |
| SG&A Expenses | 235.4 | 152 | 167.9 | 159.7 | 176.7 | 3.5 | 0.1 |
| Other Expenses | 0 | 0 | 0 | 0 | 117.3 | 0 | (0.8) |
| Operating Expenses | 729.3 | 509.7 | 439 | 328.9 | 358.3 | 24.5 | 0.9 |
| Operating Income | |||||||
| Operating Income | (729.3) | (509.7) | (444.8) | (336.6) | (358.3) | (24.6) | (0.9) |
| Interest Expense | 0 | 0 | 16.4 | 2.3 | 1 | 0.2 | 0 |
| Interest Income | 0 | 21.9 | 16.4 | 2.3 | 0.0 | 0.0 | 0.0 |
| Profitability | |||||||
| EBITDA | (597.3) | (498) | (451.6) | (309.6) | (239.7) | (24.4) | (0.1) |
| EBIT | (617.9) | (509.7) | (457.4) | (317.3) | (241) | (24.6) | 0 |
| Income Before Tax | (617.9) | (536.6) | (457.4) | (317.3) | (347.8) | (24.8) | (0.9) |
| Income Tax Expense | 0.3 | 0.2 | 0.5 | 0 | 0 | 0 | 0 |
| Net Income | (618.2) | (536.8) | (457.9) | (317.3) | (347.8) | (24.8) | (0.9) |
| Per Share Data | |||||||
| EPS (Basic) | -0.99 | -1.42 | -1.69 | -1.32 | -1.46 | -0.21 | -0.02 |
| EPS (Diluted) | -0.99 | -1.42 | -1.69 | -1.32 | -1.46 | -0.21 | -0.02 |
| Shares Outstanding | 624.3 | 376.7 | 270.4 | 240.5 | 237.7 | 116.5 | 50 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 1,021.5 | 834.5 | 464.6 | 69.4 | 746.9 | 36.6 | 10.1 |
| Short-Term Investments | 943.2 | 0 | 0 | 461.8 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 111.4 | 11.4 | 7.7 | 4.5 | 0.3 | 0 | 0.0 |
| Total Current Assets | 2,076.1 | 858.4 | 480.2 | 545.5 | 754.8 | 37.4 | 10.2 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 294.4 | 134.9 | 66.5 | 23.4 | 10.4 | 3.9 | 0.0 |
| Goodwill | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 80.2 | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 15.1 | 7.6 | 7.2 | 4.5 | 2.7 | 0 | 0 |
| Total Non-Current Assets | 389.8 | 142.8 | 74.1 | 28.3 | 13.6 | 4.4 | 0.0 |
| Total Assets | 2,465.9 | 1,001.2 | 554.3 | 573.8 | 768.4 | 41.8 | 10.2 |
| Current Liabilities | |||||||
| Account Payables | 30.2 | 14.6 | 14.3 | 3.6 | 3.4 | 2.1 | 0.1 |
| Short-Term Debt | 6.1 | 0 | 0 | 9.3 | 9.5 | 0.6 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 |
| Other Current Liabilities | 68.1 | 11.6 | 58.6 | 28.6 | 1 | (0.1) | 0.0 |
| Total Current Liabilities | 104.4 | 71.1 | 114 | 53.3 | 28.3 | 3.8 | 0.2 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 36.3 | 64 | 7.2 | 0 | 9.3 | 0.3 | 5.0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 122.4 | 102.2 | 52.8 | 18 | 30.7 | 0.3 | 0.0 |
| Total Non-Current Liabilities | 158.7 | 177.5 | 73.2 | 27.2 | 41.2 | 2.1 | 5.0 |
| Total Liabilities | 263.1 | 248.6 | 187.2 | 80.5 | 69.5 | 5.9 | 5.2 |
| Stockholders' Equity | |||||||
| Common Stock | 0.1 | 0.1 | 0 | 0 | 0 | 496.4 | 0.0 |
| Retained Earnings | (2,303.8) | (1,685.6) | (1,148.8) | (690.9) | (373.6) | (25.8) | (1.0) |
| Accumulated Other Comprehensive Income | (1.4) | (0.3) | 0 | (0.8) | 0 | 0 | 0 |
| Total Stockholders' Equity | 2,202.8 | 752.6 | 367.1 | 493.3 | 698.9 | 35.9 | 5.0 |
| Total Liabilities & Equity | 2,465.9 | 1,001.2 | 554.3 | 573.8 | 768.4 | 41.8 | 10.2 |
| Debt Metrics | |||||||
| Total Debt | 42.4 | 79 | 23.2 | 22.2 | 23.1 | 3.2 | 5.0 |
| Net Debt | (979.1) | (755.5) | (441.4) | (47.2) | (723.8) | (33.4) | (5.2) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (618.2) | (536.8) | (457.9) | (317.3) | (347.8) | (24.8) | (0.9) |
| Depreciation & Amortization | 20 | 11.7 | 6.5 | 4.4 | 1.3 | 0.2 | 0 |
| Stock-Based Compensation | 223.5 | 108.8 | 45.2 | 102.8 | 123.6 | 0.2 | 0 |
| Change in Working Capital | (7.2) | (17.2) | 13.2 | 19.2 | (0.4) | 1.3 | 0.0 |
| Other Non-Cash Items | (51) | 64.9 | 121.4 | (9.5) | 1.9 | 0.3 | 0.1 |
| Operating Cash Flow | (432.9) | (368.6) | (271.6) | (200.4) | (108.4) | (22.8) | (0.8) |
| Investing Activities | |||||||
| Capital Expenditure | (78.8) | (82) | (44.3) | (6.9) | (3.5) | (1.9) | (0.0) |
| Acquisitions | (125.9) | 0 | 0 | 0.5 | 0 | 0 | 0 |
| Purchases of Investments | (1,048.1) | 0 | 0 | (487.4) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 103 | 0 | 465 | 30 | 0 | 0 | 0 |
| Other Investing Activities | (26.2) | 0 | 0 | (0.5) | 0 | (0.5) | 0 |
| Investing Cash Flow | (1,176) | (82) | 420.7 | (464.3) | (3.5) | (1.9) | (0.0) |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 57.5 | (2.5) | (10) | 20 | 0.9 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (59.1) | (20.5) | (8.1) | 0 | 202.2 | 0 | 10.9 |
| Financing Cash Flow | 1,796.4 | 820.4 | 250.1 | (9.9) | 822.2 | 51.2 | 10.9 |
| Cash Position | |||||||
| Net Change in Cash | 187.5 | 369.8 | 399.2 | (674.6) | 710.3 | 26.5 | 10.1 |
| Cash at Beginning | 841.3 | 471.5 | 72.3 | 746.9 | 36.6 | 10.1 | 0.0 |
| Cash at End | 1,028.8 | 841.3 | 471.5 | 72.3 | 746.9 | 36.6 | 10.1 |
| Free Cash Flow | (511.7) | (450.6) | (315.9) | (207.3) | (111.9) | (24.7) | (0.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | (5.8) | (7.7) | 0 | (0.1) | 0 |
| Operating Income | (729.3) | (509.7) | (444.8) | (336.6) | (358.3) | (24.6) | (0.9) |
| Net Income | (618.2) | (536.8) | (457.9) | (317.3) | (347.8) | (24.8) | (0.9) |
| EPS (Diluted) | -0.99 | -1.42 | -1.69 | -1.32 | -1.46 | -0.21 | -0.02 |
| Balance Sheet | |||||||
| Cash & Equivalents | 1,021.5 | 834.5 | 464.6 | 69.4 | 746.9 | 36.6 | 10.1 |
| Total Assets | 2,465.9 | 1,001.2 | 554.3 | 573.8 | 768.4 | 41.8 | 10.2 |
| Total Debt | 42.4 | 79 | 23.2 | 22.2 | 23.1 | 3.2 | 5.0 |
| Stockholders' Equity | 2,202.8 | 752.6 | 367.1 | 493.3 | 698.9 | 35.9 | 5.0 |
| Cash Flow | |||||||
| Operating Cash Flow | (432.9) | (368.6) | (271.6) | (200.4) | (108.4) | (22.8) | (0.8) |
| Capital Expenditure | (78.8) | (82) | (44.3) | (6.9) | (3.5) | (1.9) | (0.0) |
| Free Cash Flow | (511.7) | (450.6) | (315.9) | (207.3) | (111.9) | (24.7) | (0.8) |