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Archer Aviation ACHR Total Operating Expenses

Discontinued — last reported Q3 '25

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Other financials

Income statement

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Revenue$1.6M
Gross profit$300.0K
Operating income-$254.6M-76.8%
Net income-$217.7M-133%
EPS (diluted)-$0.28-64.7%

Balance sheet

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Cash & equivalents$958.4M-7.6%
Total debt$121.8M+55.6%
Total equity$2.1B+106%
Total assets$2.3B+91.2%

Cash flow

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Operating cash flow-$149.1M-57.6%
CapEx$32.6M+226%
Free cash flow-$181.7M-73.7%

Valuation

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Market cap$3.99B-26.2%
Enterprise value$3.15B-16.3%
P/S2,493.6×

Profitability

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Gross margin18.8%
Operating margin-52,493.8%
Net margin-46,406.3%
FCF margin-36,800%

Returns & leverage

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Return on equity-48%-12.4pp
Debt / equity0.1×0.0×
Current ratio18.1×+2.3×

Where this comes from

Reported directly by Archer Aviation in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Archer Aviation’s 10-Q, filed November 6, 2025.

Filed
Nov 6, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001824502-25-000010
Line itemThree Months Ended September 30, 2025Three Months Ended September 30, 2024Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
Operating expenses
Research and development$120.7$89.8$346.8$263.1
General and administrative54.132.3148.1122.4
Total operating expenses174.8122.1494.9385.5
Loss from operations(174.8)(122.1)(494.9)(385.5)
Other income (expense), net28.71.430.731.3
Interest income, net16.35.535.215.9
Loss before income taxes(129.8)(115.2)(429.0)(338.3)

Item 1. Financial Statements

FAQ

What is Archer Aviation's total operating expenses?
Archer Aviation (ACHR) reported total operating expenses of $174.8M in Q3 2025.
How has Archer Aviation's total operating expenses changed year-over-year?
Archer Aviation's total operating expenses increased by 43.2% year-over-year, from $122.1M to $174.8M.
What is the long-term trend for Archer Aviation's total operating expenses?
Over 3 years (2021 to 2024), Archer Aviation's total operating expenses has grown at a 12.5% compound annual growth rate (CAGR), from $358.3M to $509.7M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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