Archer Aviation's Q4 adjusted EBITDA loss widens

Archer Aviation

02/03/2026 21:35

Overview

eVTOL developer's Q4 adjusted EBITDA widened YoY

Company achieved 100% FAA acceptance of eVTOL aircraft's Means of Compliance

Company ended FY 2025 with record liquidity of ~$2 bln

Outlook

Archer targets first passenger flights in 2026

Archer expects Q1 2026 adjusted EBITDA loss of $160 mln to $180 mln

Company on track for piloted VTOL operations in US and UAE

Result Drivers

FAA ACCEPTANCE - Archer achieved 100% FAA acceptance of its eVTOL aircraft's Means of Compliance, a first in the industry

FLEET EXPANSION - Archer is expanding its Midnight fleet and on track for piloted VTOL operations in the US and UAE

DEFENSE OPPORTUNITIES - Archer is expanding defense opportunities with partnerships and powertrain sales

Company press release: ID:nBw6Th3PRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
-$188.90 mln
Q4 Adjusted EBITDA
Miss
-$137.90 mln
-$121.76 mln (7 Analysts)
Q4 Adjusted Operating Expenses
$144.20 mln
Q4 Operating Expenses
$234.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Archer Aviation Inc is $13.00, about 82.6% above its February 27 closing price of $7.12

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)