undamentalytics Newsletter
Sign in

Archer Aviation Inc. (ACHR) stock

Add to watchlist

Add holding +

NYSE: ACHR NYSE Aerospace & Defense Next results ~November 9, 2026

Archer Aviation Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Model estimate per share

~$1.7

Growth cash-flow model

Base case. Range ~$1.6–$1.8. Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Archer Aviation Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 6 selling0 purchases and 29 sales by directors and officers, last 12 monthsInsider trades
  • Funds239 adding, 226 cuttingOf 39 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Current signal Share count rising (dilution): Diluted shares outstanding rose 48.4% year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 48.4% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 70% and a beta of 2.9 against the S&P 500.
  • Heavily shorted. 17.2% of the shares available to trade are sold short (4.4 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 10, 2026
Earnings per share
-$0.22 against an average estimate of -$0.25: beat by 12.6%
Revenue
$5m
Share reaction
+21.5% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Next report
November 9, 2026; average EPS estimate -$0.25

Archer Aviation's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.7%
  • 1 week+5.8%
  • 1 month-14.7%
  • This year-44.5%
  • 1 year-62.8%
  • 5 years-36.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

EPS (TTM, diluted)
$-1.09

Growth

Share count change
+48.4%

Cash

Free cash flow (TTM)
-$660M

Earnings

Last results
August 10, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Announcement
  4. Share issue
  5. Results
  6. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Archer Aviation Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Archer Aviation Inc. as an operating company, with every model that fits that kind of business. Cost of equity 12.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.59 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$1.7 ~$1.6–$1.8 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — 0 Does not apply: no positive value
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1.7 ~$1.6–$1.8 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Archer Aviation Inc. with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202320242025
Share price$6.14$9.75$7.52
Market value$1.7bn$3.7bn$4.7bn
+ Net debt (− = net cash)−$457m−$770m−$940m
Enterprise value$1.2bn$2.9bn$3.8bn
Multiples
Price / sales ——n/m
Price / earnings ———
Price / free cash flow ———
EV / EBITDA ———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $4m and EPS of −$0.25 (range −$0.26 to −$0.23) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.96 −53% $15m +4944%
Next −$0.81 +16% $138m +812%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.5% on 90 days ago. In the last 30 days, 2 analysts raised Archer Aviation Inc.'s forecast and 0 cut it.

Consensus EPS forecast Archer Aviation Inc., last 90 days
−$1.00 −$0.50 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.93 Current fiscal year, 60 days ago: −$0.96 Current fiscal year, 30 days ago: −$0.96 Current fiscal year, 7 days ago: −$0.96 Current fiscal year, Now: −$0.96 −$0.96 Next fiscal year, 90 days ago: −$0.95 Next fiscal year, 60 days ago: −$0.95 Next fiscal year, 30 days ago: −$0.93 Next fiscal year, 7 days ago: −$0.81 Next fiscal year, Now: −$0.81 −$0.81

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.93−$0.95
60 days ago −$0.96−$0.95
30 days ago −$0.96−$0.93
7 days ago −$0.96−$0.81
Now −$0.96−$0.81

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.25 −$0.22 +12.6%
Mar 2026 −$0.24 −$0.19 +23.5%
Dec 2025 −$0.17 −$0.14 +18.1%
Sept 2025 −$0.20 −$0.12 +42.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

9 analysts, Oct 2026
Buy778%
Hold222%
Sell00%

Monthly trend

  1. Oct 20263429
  2. Sep 20262439
  3. Aug 20262439
  4. Jul 20262439

Counts of recommendations published by analysts covering Archer Aviation Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
17.2%
of tradable shares
Days to cover
4.43
at average volume
Short interest, 1 month
+22%
to October 15, 2026
Held by institutions
50%
of shares
Held by insiders
14.7%
of shares
Employees
1,160
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ACHR−40%−69%+228%+59%−23%−45%
Industry peers (median)−4%−10%+13%+22%+19%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ACHR42%25%67%42%42%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ACHR−69%−74%−42%−53%−50%−58%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 18, 2020: 91% from February 18, 2021 to December 27, 2022. Getting back needed a 952% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.80 – $10.42
From 52-week high
−60.0%
vs 50-day average
−16.8%
vs 200-day average
−27.9%
Volatility (1 year)
70%
Beta vs S&P 500
2.91

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±10.0%
After a week
5 up, 7 down
typical move ±11.1%
After a month
2 up, 10 down
typical move ±27.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 +21.5% −0.3% +14.3% −1.6%
May 11, 2026 −1.4% +0.1% −8.6% −22.1%
March 2, 2026 −5.6% −0.8% −8.4% −27.4%
November 6, 2025 −14.5% −1.0% −16.8% −10.0%
August 11, 2025 +5.5% +0.9% +1.3% −15.1%
May 12, 2025 +26.7% +4.0% +29.3% +38.1%
February 27, 2025 +8.2% −0.1% −7.9% −11.6%
February 11, 2025 −8.2% −0.2% −1.4% −28.9%
November 7, 2024 +21.2% +1.2% +33.6% +143.6%
August 8, 2024 −5.2% +2.8% −2.9% −14.6%
May 9, 2024 −2.1% +0.7% +2.1% −11.5%
February 26, 2024 −0.2% −0.2% −6.9% −0.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 0 0 0
Gross profit 0 0 0
EBITDA −440 −498 −709
Operating income −447 −510 −729
Net income −458 −537 −618
Diluted EPS −$1.69 −$1.42 −$0.99
Margins
Gross margin — — 33.3%
EBITDA margin — — <−999%
Operating margin — — <−999%
Net margin — — <−999%
Free-cash-flow margin — — <−999%
Cash flow
Cash from operations −272 −369 −433
Capital spending 44 82 79
Free cash flow −316 −451 −512
Stock-based pay 45 109 224
Free cash flow after stock pay −361 −559 −735
Balance sheet
Cash 465 835 1,022
Total debt 8 65 81
Net debt (negative = net cash) −457 −770 −940
Diluted shares 270m 377m 624m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $2.2bn
Short-term assets $1.6bnLonger-term assets $567m
What it owes, and who funded it · $2.2bn
Short-term liabilities $161mLonger-term liabilities $137mShareholders' equity $1.9bn
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $161m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.6bn short-term assets against $137m of longer-dated liabilities.
  • More cash than debt $853m of cash against $80m of debt.
  • Debt below 40% of shareholders' equity Debt is 4% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1% to 4% over five years.
  • A year's operating cash flow covers at least 20% of debt −$540m of operating cash flow against $80m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Archer Aviation Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+48.4%
year over year

Who owns it

Funds buying and selling
Reported value
$1.8B
Institutions reporting
519
Shares held vs prior quarter
▲ 5.5%
Positions opened / closed
65 / 77

Top buyers and sellers, Q2 2026: 239 institutions bought and 226 sold ; the biggest buyer was Morgan Stanley (+5.8M shares) and the biggest seller ARK Investment Management LLC (−5.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $285M 60.2M 15.6% ▲ 2.3%
State Street Corp $230M 48.7M 12.6% ▲ 11.5%
ARK Investment Management LLC $151M 32.0M 8.3% ▼ 14.6%
Vanguard Capital Management LLC $138M 29.1M 7.5% ▲ 18.5%
Vanguard Portfolio Management LLC $136M 28.7M 7.4% ▲ 24.3%
Geode Capital Management, LLC $79.7M 16.8M 4.4% ▲ 15.0%
Morgan Stanley $76.9M 16.3M 4.2% ▲ 55.3%
Norges Bank $37.3M 7.9M 2.0% —
Amova Asset Management Americas, Inc. $35.6M 7.5M 1.9% ▼ 1.4%
Sumitomo Mitsui Trust Group, Inc. $35.6M 7.5M 1.9% ▼ 1.7%
Voya Investment Management LLC $32.3M 6.8M 1.8% ▲ 49.1%
Susquehanna International Group, LLP $29.4M 6.2M 1.6% ▲ 35.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Archer Aviation Inc.'s complete shareholder register. Values are as reported by the filers ; 12 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $7.7M 29 trades by 6 insiders · 31% under pre-set plans
Net ▼ $7.7M net selling
Insider Date Trade Shares Price Value
Lyon Benjamin President, Aircraft OEM September 21, 2026 Sell pre-set plan 45,359 $5.43 $246,299
Lentell Eric Chief Strategy Officer August 20, 2026 Sell pre-set plan 100,000 $6.31 $631,000
Lentell Eric Chief Legal & Strategy Officer August 17, 2026 Sell 52,762 $6.41 $338,204
Gupta Priya Interim CFO August 17, 2026 Sell 10,015 $6.41 $64,196
Rungta Harsh Chief Accounting Officer August 17, 2026 Sell 13,880 $6.41 $88,971
Lyon Benjamin President, Aircraft OEM August 17, 2026 Sell 50,188 $6.41 $321,705
Lentell Eric Chief Legal & Strategy Officer June 11, 2026 Sell 3,754 $5.00 $18,770
Gupta Priya Interim CFO May 18, 2026 Sell 9,860 $5.95 $58,667
Lentell Eric Chief Legal & Strategy Officer May 18, 2026 Sell 48,169 $5.95 $286,606
Muniz Thomas Paul CHIEF TECHNOLOGY OFFICER May 18, 2026 Sell 91,839 $5.95 $546,442
Rungta Harsh Chief Accounting Officer May 18, 2026 Sell 12,414 $5.95 $73,863
Lentell Eric Chief Legal & Strategy Officer May 15, 2026 Sell 39,967 $6.06 $242,200

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 10, 2026
  • May 11, 2026
  • March 2, 2026
  • November 6, 2025
  • August 11, 2025
  • May 12, 2025

Recent SEC filings

Data status

When each part of this page on Archer Aviation Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Archer Aviation Inc. in brief

What does Archer Aviation Inc. do?
Archer Aviation Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is Archer Aviation Inc.'s stock ticker?
Archer Aviation Inc. trades under the ticker ACHR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Archer Aviation Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and ARK Investment Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Archer Aviation Inc.'s market cap?
On December 31, 2025, Archer Aviation Inc.'s market capitalisation was about $4.7B and net debt of -$940M. Market figures come from third-party market data and may be delayed.
How much debt does Archer Aviation Inc. have?
Archer Aviation Inc.'s debt-to-equity ratio is 4.2%, from its latest balance sheet (1.3% five years earlier). The financial health section below sets out its other solvency checks.
Are insiders buying or selling Archer Aviation Inc. stock?
Over the last 12 months, Archer Aviation Inc.'s directors and officers reported 0 open-market purchases and 29 sales on Form 4. The insider trading page charts every trade.
When is Archer Aviation Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Archer Aviation Inc. announces its own schedule.