Archer Aviation Inc. (ACHR) Stock

Archer Aviation Inc. (ACHR) is a Industrials stock trading at $6.08 (as of 2026-08-20), with a market capitalization of $4.61B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in Palo Alto, California.

Understand Archer Aviation Inc.: how it makes money

Archer Aviation develops and operates electric vertical takeoff and landing (eVTOL) aircraft that carry passengers, and it also looks to monetize through aircraft orders and direct aircraft sales (including planned orders and government contract opportunities).

The profit model depends on converting the indicative order book (including direct aircraft sales and specific planned orders) into FAA-verified Midnight aircraft milestones, then scaling from production ramp capacity into real deliveries, which has not yet produced reported revenue in the latest period.

Business quality (Weak): Early-stage profile with no reported revenue in the latest period, limited segment detail provided, and operating performance represented by very negative operating margin.

Bull case

  • Order pipeline shown by “Indicative order book”: The indicative order book is reported at 6.0 USD_B, with 3.5 USD_B described as the indicative order book for direct aircraft sales.
  • Midnight regulatory/compliance progress tracked: FAA means of compliance acceptance is shown as 100 percent, with FAA means of compliance accepted count of 797 documents, and “Midnight means of compliance final acceptance” is marked as 100 percent.
  • Defined manufacturing scale-up targets: Production ramp capacity is listed as 50 aircraft per year, and manufacturing capacity (Covington facility) is listed as 650.

Bear case

  • No reported revenue in the latest period: For the period ending 2026-03-31, revenue_b is shown as 0.0B and gross margin is not provided.
  • Very large negative operating margin: Operating margin for the latest period is reported as -15912.5, reflecting substantial losses relative to operating activity.
  • Key value metrics are still mostly “indicative” rather than delivery results: Multiple tracked items are expressed as indicative order book and planned orders, which may not translate into realized deliveries in the near term.
Valuation — source: SEC EDGAR (first-party)
Price$6.08
Market Cap$4.61B
Price / Book2.41
Price / Sales562.75
FCF Yield-23.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$300000.00
Net Margin-206066.7%
Financial Health — source: SEC EDGAR
Altman Z-Score8.99 (safe)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Aircraft)40.2
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($411.16M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryAircraft
CEOAdam D. Goldstein
Employees774
CountryUS
IPO Date2021-03-08

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ACHR earnings history · ACHR institutional & insider holders · ACHR KPIs & operating metrics · ACHR financials · ACHR investor presentations & press releases · ACHR SEC filings · ACHR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.