Archer Aviation Inc · Q1 2026 earnings

Briefing

Archer Aviation reported Q1 2026 revenue of $1.6M, a net loss of $217.7M, and diluted loss per share of $0.28 as eVTOL development spending accelerated.

For the quarter ended March 31, 2026, Archer Aviation recognized $1.6 million of revenue versus none in Q1 2025 as early commercial activities began. The company reported a net loss of $217.7 million, wider than the $93.4 million loss a year ago, reflecting higher R&D ($171.7M) and G&A ($83.2M) as it scales Midnight certification and manufacturing. Loss from operations was $254.6 million; interest income and other items partially offset cash burn.

• First meaningful quarterly revenue ($1.6M) versus zero in Q1 2025.
• Net loss of $217.7M; diluted EPS loss of $0.28 vs. $0.17 loss.
• R&D expense rose to $171.7M from $103.7M on flight-test and certification work.
• Interest income, net of $16.4M helped fund operations alongside equity raises.
• Cash resources supported by prior capital raises; development-stage, pre-commercial scale.

Headline financials

Revenue & EPS history

Archer does not issue traditional revenue or EPS guidance in the 10-Q. MD&A emphasizes Midnight certification milestones, manufacturing ramp, and partnership execution with United and other operators.