Archer Aviation reported a $618.2 million net loss in FY 2025 amid pre-commercial development of its electric air taxi.
Archer Aviation (NYSE:ACHR) reported a net loss of $618.2 million for FY 2025, reflecting its pre-commercial phase as it seeks aircraft certification. Revenue reached $300,000, driven by early-stage contracts, including a $1 billion conditional purchase agreement with United Airlines (NASDAQ:UAL).
The company’s debt-to-equity ratio stood at 0.1x as of December 2025, signaling low leverage but high cash burn. Archer is developing its Midnight air taxi and Thunder autonomous platform in partnership with Anduril Industries, targeting urban air mobility.
Ford Motor (NYSE:F), meanwhile, is expanding its electric vehicle footprint, creating a contrast between legacy automakers and high-growth aviation startups in the transportation sector.