The eVTOL firm reported a $217.7M net loss for Q1 2026 but secured FAA certification progress and $951.1M in cash reserves.
Archer Aviation (ACHR) reported a Q1 2026 net loss of $217.7M, widening from $172.50 million a year earlier, as R&D spend reached $171.7M. Cash and equivalents stood at $951.1M, supporting commercialization plans tied to 2026 air taxi operations.
The company advanced to Phase 4 of FAA Type Certification, becoming the first eVTOL firm to complete Phase 3. It also secured roles as the official air taxi provider for the LA28 Olympics and partnerships with NVIDIA, Palantir, and Starlink.
Analysts at 24/7 Wall St. set a $12.01 price target for ACHR, implying 84% upside from current levels, citing progress toward revenue streams despite pre-revenue status.