Balance Sheet Archer Aviation Inc.

Equities

ACHR

US03945R1023

Aerospace & Defense

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Mar. 10	Beta Technologies speeds up development of military cargo drone, picked for FAA pilot programs	RE
Mar. 10	Archer Aviation Countersues Joby, Alleges Fraud, Undisclosed China Ties	MT

6.YGTI_s9z5MtbAzb7DTgJXfwuU1juVteADiOTrvzf8RQ.VQb7vf8pqfMKZ3KkOGFlKrZBYzeaJ67PXRKhyrWcwnYQFImppz2eug1AVQ

Published financial data: ARCHER AVIATION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	-	-	-	-	300K
Total Revenues	-	-	-	-	300K
Cost of Goods Sold, Total	-	-	-	-	300K
Gross Profit	-	-	-	-	0
Selling General & Admin Expenses, Total	177M	165M	168M	152M	235M
R&D Expenses	64.3M	172M	276M	358M	494M
Other Operating Expenses, Total	241M	337M	445M	510M	729M
Operating Income	-241M	-337M	-445M	-510M	-729M
Interest Expense, Total	-1M	-2M	-1.3M	-100K	-4.2M
Interest And Investment Income	-	4.3M	17.7M	22M	57M
Net Interest Expenses	-1M	2.3M	16.4M	21.9M	52.8M
Other Non Operating Income (Expenses)	-107M	17M	-29M	-48.8M	58.6M
EBT, Excl. Unusual Items	-349M	-317M	-457M	-537M	-618M
Other Unusual Items	900K	-	-	-	-
EBT, Incl. Unusual Items	-348M	-317M	-457M	-537M	-618M
Income Tax Expense	-	-	500K	200K	300K
Earnings From Continuing Operations	-348M	-317M	-458M	-537M	-618M
Net Income to Company	-348M	-317M	-458M	-537M	-618M
Net Income - (IS)	-348M	-317M	-458M	-537M	-618M
Net Income to Common Incl Extra Items	-348M	-317M	-458M	-537M	-618M
Net Income to Common Excl. Extra Items	-348M	-317M	-458M	-537M	-618M
Per Share Items
Net EPS - Basic	-3.14	-1.32	-1.69	-1.42	-0.99
Basic EPS - Continuing Operations	-3.14	-1.32	-1.69	-1.42	-0.99
Basic Weighted Average Shares Outstanding	111M	240M	270M	377M	624M
Net EPS - Diluted	-3.14	-1.32	-1.69	-1.42	-0.99
Diluted EPS - Continuing Operations	-3.14	-1.32	-1.69	-1.42	-0.99
Diluted Weighted Average Shares Outstanding	111M	240M	270M	377M	624M
Normalized Basic EPS	-1.97	-0.82	-1.06	-0.89	-0.62
Normalized Diluted EPS	-1.97	-0.82	-1.06	-0.89	-0.62
Supplemental Items
EBITDA	-240M	-332M	-438M	-498M	-709M
EBITA	-241M	-337M	-445M	-510M	-728M
EBIT	-241M	-337M	-445M	-510M	-729M
EBITDAR	-238M	-326M	-432M	-492M	-701M
Effective Tax Rate - (Ratio)	-	-	-0.11	-0.04	-0.05
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	500K	200K	300K
Total Current Taxes	-	-	500K	200K	300K
Normalized Net Income	-218M	-198M	-286M	-335M	-386M
Interest on Long-Term Debt	-	2M	1.3M	100K	4.2M
Supplemental Operating Expense Items
General and Administrative Expenses	177M	165M	168M	152M	235M
Research And Development Expense From Footnotes	64.3M	172M	276M	358M	494M
Net Rental Expense, Total	2.1M	6M	6.3M	5.5M	8.5M
Imputed Operating Lease Interest Expense	1.28M	4.24M	2.89M	86.06K	2.84M
Imputed Operating Lease Depreciation	822K	1.76M	3.41M	5.41M	5.66M
Stock-Based Comp., R&D Exp. (Total)	3.7M	26.1M	28.9M	49M	95.3M
Stock-Based Comp., G&A Exp. (Total)	120M	76.7M	16.3M	59.8M	128M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	124M	103M	45.2M	109M	224M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	747M	69.4M	465M	834M	1.02B
Short Term Investments	-	462M	-	-	943M
Total Cash And Short Term Investments	747M	531M	465M	834M	1.96B
Other Receivables	-	-	-	-	6.7M
Total Receivables	-	-	-	-	6.7M
Prepaid Expenses	7.6M	9.8M	7.9M	12.5M	47.3M
Restricted Cash	-	2.9M	6.9M	6.8M	7.3M
Other Current Assets, Total	300K	1.6M	800K	4.6M	50.1M
Total Current Assets	755M	546M	480M	858M	2.08B
Gross Property Plant And Equipment	11.8M	27M	75.9M	153M	330M
Accumulated Depreciation	-1.4M	-3.6M	-9.4M	-18.4M	-35.3M
Net Property Plant And Equipment	10.4M	23.4M	66.5M	135M	294M
Goodwill	-	-	-	-	100K
Other Intangibles, Total	500K	400K	400K	300K	80.2M
Deferred Charges Long-Term	-	-	6.4M	5.9M	5.3M
Other Long-Term Assets, Total	2.7M	4.5M	800K	1.7M	9.8M
Total Assets	768M	574M	554M	1B	2.47B
Liabilities
Accounts Payable, Total	3.4M	3.6M	14.3M	14.6M	30.2M
Accrued Expenses, Total	10.7M	30.4M	38.3M	41.2M	57.6M
Current Portion of Long-Term Debt	9.5M	9.3M	-	-	800K
Current Portion of Leases	3.1M	3.7M	2.8M	3.7M	5.3M
Current Income Taxes Payable	600K	300K	1.4M	1.1M	-
Unearned Revenue Current, Total	-	-	-	900K	1.3M
Other Current Liabilities	1M	6M	57.2M	9.6M	9.2M
Total Current Liabilities	28.3M	53.3M	114M	71.1M	104M
Long-Term Debt	9.3M	-	7.2M	64M	79.5M
Long-Term Leases	1.2M	9.2M	13.2M	11.3M	36.3M
Unearned Revenue Non Current	-	-	10.8M	11.8M	10M
Other Non Current Liabilities	30.7M	18M	42M	90.4M	32.9M
Total Liabilities	69.5M	80.5M	187M	249M	263M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	-	-	-	100K	100K
Additional Paid In Capital	1.07B	1.18B	1.52B	2.44B	4.51B
Retained Earnings	-374M	-691M	-1.15B	-1.69B	-2.3B
Comprehensive Income and Other	-	-800K	-	-300K	-1.4M
Total Common Equity	699M	493M	367M	753M	2.2B
Total Equity	699M	493M	367M	753M	2.2B
Total Liabilities And Equity	768M	574M	554M	1B	2.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	235M	247M	311M	542M	745M
ECS Total Common Shares Outstanding	238M	242M	304M	504M	744M
Book Value / Share	2.94	2.04	1.21	1.49	2.96
Tangible Book Value	698M	493M	367M	752M	2.12B
Tangible Book Value Per Share	2.94	2.04	1.21	1.49	2.85
Total Debt	23.1M	22.2M	23.2M	79M	122M
Net Debt	-724M	-509M	-441M	-756M	-1.84B
Debt Equivalent Oper. Leases	16.8M	48M	50.4M	44M	68M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	-	-	-	64.4M	118M
Machinery, Total	5.3M	6M	13.3M	30.6M	59.8M
Full Time Employees	209	390	578	774	1.16K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-348M	-317M	-458M	-537M	-618M
Depreciation & Amortization - CF	1.27M	4.4M	6.5M	11.7M	19.1M
Amortization of Goodwill and Intangible Assets - (CF)	33K	-	-	-	900K
Depreciation & Amortization, Total	1.3M	4.4M	6.5M	11.7M	20M
Amortization of Deferred Charges, Total - (CF)	200K	500K	700K	-	100K
(Gain) Loss on Sale of Investments - (CF)	-	-4.9M	-2.3M	-	600K
Asset Writedown & Restructuring Costs	7M	2.9M	17.5M	8.1M	3.3M
Stock-Based Compensation (CF)	124M	103M	45.2M	109M	224M
Other Operating Activities, Total	108M	-8M	106M	56.8M	-55M
Change In Accounts Payable	-800K	-100K	9.2M	-100K	8.8M
Change in Other Net Operating Assets	400K	19.3M	4M	-17.1M	-16M
Cash from Operations	-108M	-200M	-272M	-369M	-433M
Capital Expenditure	-3.5M	-6.9M	-44.3M	-82M	-78.8M
Cash Acquisitions	-	-	-	-	-126M
Sale (Purchase) of Intangible assets	-	-	-	-	-26.2M
Investment in Marketable and Equity Securities, Total	-	-457M	465M	-	-945M
Cash from Investing	-3.5M	-464M	421M	-82M	-1.18B
Long-Term Debt Issued, Total	20M	-	28.2M	57.5M	-
Total Debt Issued	20M	-	28.2M	57.5M	-
Long-Term Debt Repaid, Total	-	-10M	-10M	-	-
Total Debt Repaid	-	-10M	-10M	-	-
Issuance of Common Stock	600K	100K	243M	788M	1.87B
Repurchase of Common Stock	-	-	-3.5M	-	-
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	802M	-	-7.5M	-25.3M	-69.1M
Cash from Financing	822M	-9.9M	250M	820M	1.8B
Net Change in Cash	710M	-675M	399M	370M	188M
Supplemental Items
Cash Interest Paid	700K	1.5M	800K	2.5M	4.1M
Levered Free Cash Flow	-23.45M	-92.32M	-201M	-332M	-376M
Unlevered Free Cash Flow	-23.02M	-91.58M	-201M	-332M	-374M
Change In Net Working Capital	-6.2M	-18.5M	-69.6M	52.1M	56.6M
Net Debt Issued / Repaid	20M	-10M	18.2M	57.5M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-37.18	-31.35	-49.29	-40.96	-26.29
Return on Total Capital	-39.58	-34	-61.38	-52.14	-28.88
Return On Equity %	-94.67	-53.23	-106.44	-95.88	-41.84
Return on Common Equity	-94.67	-53.23	-106.44	-95.88	-41.84
Margin Analysis
Gross Profit Margin %	-	-	-	-	0
SG&A Margin	-	-	-	-	78.47K
EBITDA Margin %	-	-	-	-	-236K
EBITA Margin %	-	-	-	-	-243K
EBIT Margin %	-	-	-	-	-243K
Income From Continuing Operations Margin %	-	-	-	-	-206K
Net Income Margin %	-	-	-	-	-206K
Net Avail. For Common Margin %	-	-	-	-	-206K
Normalized Net Income Margin	-	-	-	-	-129K
Levered Free Cash Flow Margin	-	-	-	-	-125K
Unlevered Free Cash Flow Margin	-	-	-	-	-125K
Asset Turnover
Asset Turnover	-	-	-	-	0
Fixed Assets Turnover	-	-	-	-	0
Short Term Liquidity
Current Ratio	26.67	10.23	4.21	12.07	19.89
Quick Ratio	26.39	9.97	4.08	11.74	18.88
Operating Cash Flow to Current Liabilities	-3.83	-3.76	-2.38	-5.18	-4.15
Average Days Payable Outstanding	-	-	-	-	27.25K
Long Term Solvency
Total Debt/Equity	3.31	4.5	6.32	10.5	5.53
Total Debt / Total Capital	3.2	4.31	5.94	9.5	5.24
LT Debt/Equity	1.5	1.86	5.56	10.01	5.26
Long-Term Debt / Total Capital	1.45	1.78	5.23	9.05	4.98
Total Liabilities / Total Assets	9.04	14.03	33.77	24.83	10.67
EBIT / Interest Expense	-241	-168.3	-342.15	-5.1K	-173.64
EBITDA / Interest Expense	-237.6	-163.1	-332.31	-4.92K	-166.86
(EBITDA - Capex) / Interest Expense	-241.1	-166.55	-366.38	-5.74K	-185.62
Total Debt / EBITDA	-0.1	-0.07	-0.05	-0.16	-0.17
Net Debt / EBITDA	3.05	1.56	1.02	1.53	2.63
Total Debt / (EBITDA - Capex)	-0.1	-0.07	-0.05	-0.14	-0.16
Net Debt / (EBITDA - Capex)	3	1.53	0.93	1.32	2.36
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	882.38	38.59	31.94	13.62	42.43
EBITA, 1 Yr. Growth %	879.66	39.67	32.14	14.59	42.94
EBIT, 1 Yr. Growth %	879.67	39.67	32.14	14.59	43.08
Earnings From Cont. Operations, 1 Yr. Growth %	1.3K	-8.77	44.31	17.23	15.16
Net Income, 1 Yr. Growth %	1.3K	-8.77	44.31	17.23	15.16
Normalized Net Income, 1 Yr. Growth %	1.31K	-9	44.15	17.32	15.15
Diluted EPS Before Extra, 1 Yr. Growth %	534.73	-57.95	28.34	-15.86	-30.51
Net Property, Plant and Equip., 1 Yr. Growth %	166.67	125	184.19	102.86	118.24
Total Assets, 1 Yr. Growth %	1.74K	-25.33	-3.4	80.62	146.29
Tangible Book Value, 1 Yr. Growth %	1.87K	-29.42	-25.6	105.15	182.13
Common Equity, 1 Yr. Growth %	1.85K	-29.42	-25.58	105.01	192.69
Cash From Operations, 1 Yr. Growth %	375.44	84.87	35.53	35.71	17.44
Capital Expenditures, 1 Yr. Growth %	150	97.14	542.03	85.1	-3.9
Levered Free Cash Flow, 1 Yr. Growth %	50.9	287.72	117.83	65.14	13.31
Unlevered Free Cash Flow, 1 Yr. Growth %	49.37	292.6	119.49	65.25	12.57
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-	268.98	35.22	22.44	27.21
EBITA, 2 Yr. CAGR %	1.54K	269.93	35.85	23.06	27.97
EBIT, 2 Yr. CAGR %	1.54K	269.9	35.85	23.06	28.05
Earnings From Cont. Operations, 2 Yr. CAGR %	1.82K	257.69	14.74	30.07	16.19
Net Income, 2 Yr. CAGR %	1.82K	257.69	14.74	30.07	16.19
Normalized Net Income, 2 Yr. CAGR %	1.82K	257.69	14.53	30.04	16.23
Diluted EPS Before Extra, 2 Yr. CAGR %	1.19K	63.37	-26.54	3.92	-23.53
Net Property, Plant and Equip., 2 Yr. CAGR %	5K	144.95	152.87	140.1	110.41
Total Assets, 2 Yr. CAGR %	769.4	270.5	-15.07	32.09	110.92
Tangible Book Value, 2 Yr. CAGR %	2.58K	273.15	-27.54	23.54	140.58
Common Equity, 2 Yr. CAGR %	2.58K	270.69	-27.53	23.52	144.96
Cash From Operations, 2 Yr. CAGR %	1.06K	196.47	58.29	35.62	26.25
Capital Expenditures, 2 Yr. CAGR %	2.86K	122	255.77	244.73	33.37
Levered Free Cash Flow, 2 Yr. CAGR %	-	143.74	190.61	89.7	37.09
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	143.73	193.55	90.45	36.39
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	-	161.9	27.6	28.77
EBITA, 3 Yr. CAGR %	-	622.9	162.48	28.36	29.35
EBIT, 3 Yr. CAGR %	-	622.9	162.47	28.36	29.4
Earnings From Cont. Operations, 3 Yr. CAGR %	-	595.29	164.31	15.57	24.9
Net Income, 3 Yr. CAGR %	-	595.29	164.31	15.57	24.9
Normalized Net Income, 3 Yr. CAGR %	-	595.29	164.21	15.45	24.88
Diluted EPS Before Extra, 3 Yr. CAGR %	-	311.91	50.74	-23.14	-9.12
Net Property, Plant and Equip., 3 Yr. CAGR %	-	1.7K	157.39	134.96	132.58
Total Assets, 3 Yr. CAGR %	-	283.59	136.7	9.22	62.58
Tangible Book Value, 3 Yr. CAGR %	-	697.44	117.99	2.51	62.69
Common Equity, 3 Yr. CAGR %	-	697.65	117.05	2.5	64.67
Cash From Operations, 3 Yr. CAGR %	-	528.03	128.38	50.37	29.27
Capital Expenditures, 3 Yr. CAGR %	-	1.1K	216.29	186.14	125.2
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	134.78	140.74	59.76
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	135.37	142.39	59.83
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	-	-	-	96.2
EBITA, 5 Yr. CAGR %	-	-	-	256.03	96.92
EBIT, 5 Yr. CAGR %	-	-	-	256.03	96.97
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	255.61	90.25
Net Income, 5 Yr. CAGR %	-	-	-	255.61	90.25
Normalized Net Income, 5 Yr. CAGR %	-	-	-	255.58	90.24
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	137.44	14.9
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	704.62	137.45
Total Assets, 5 Yr. CAGR %	-	-	-	150.42	126.03
Tangible Book Value, 5 Yr. CAGR %	-	-	-	278.22	126.76
Common Equity, 5 Yr. CAGR %	-	-	-	278.25	127.81
Cash From Operations, 5 Yr. CAGR %	-	-	-	240.19	80.17
Capital Expenditures, 5 Yr. CAGR %	-	-	-	628.37	123.91
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	89.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	89.22