Archer Aviation Inc. (ACHR)

NYSE: ACHR · Aircraft · San Jose, CA · filing with the SEC since 2020

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Grade4.4

◀ Past 4.1● Present 3.3▶ Future 6.1

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Archer Aviation Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.4/10

◀ Past4.130% of the headline

● Present3.340% of the headline

▶ Future6.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.1/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

2.0/10

Has it survived what it has been through?

4 warning events since 2020; the latest 2026-09-04.

weight 33% of this tense · 20th percentile among 15 sector filers · read for itself

From the record

Archer Aviation Inc.'s filings since 2020 show 4 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2026-09-04); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-11); an auditor change (8-K item 4.01, the latest 2021-09-22); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-17) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.8/10

What has it actually done, year after year?

3 filed years; profitable in 0 of 3.

weight 45% of this tense · 58th percentile among 10 sector filers · read for its customers

From the record

Archer Aviation Inc.'s 3 filed years say what it did: it never fell from a peak; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

the share of filed years with a profitbottom 35% of its family
the deepest fall from a revenue peak0.0%top 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

3.9/10

How has it treated the people who own it?

SI estimate 3.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 39th percentile among 14 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 39% of 14 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 14 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Archer Aviation Inc.'s shareholder treatment is put at 3.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 39% of 14 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed

4.4/10

Is it financially healthy right now?

ROE -28%: lost 28¢ per shareholder dollar. Leverage 11%: owes 11¢ per asset dollar.

weight 45% of this tense · 44th percentile among 14 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Archer Aviation Inc. lost about 28 cents for every dollar of shareholders' money, and gross profitability: its products earned about 0 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 11 cents per dollar of assets, and net share issuance: its share count grew 65.7% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 18% of its family
return on equitytop 50% of its family
gross profit against assetsbottom 5% of its family
the share count against the year beforebottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

0.5/10

How strong is its position in its industry?

bottom 5% of 12 in its family; net margin -206066.7%.

weight 33% of this tense · 5th percentile among 12 sector filers · read for its customers

From the record

Archer Aviation Inc.'s standing among 12 graded names in its industry family: revenue of $300 thousand in fiscal 2025 ranks in the bottom 5% by size; a net margin of -206066.7% ranks in the bottom 4% (its annual reports).

What it rests on

revenue against the family$300,000bottom 5% of its family
net margin-206066.7%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

5.4/10

What are the people in charge doing?

top 46% of 7 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 54th percentile among 7 sector filers · read for its shareholders

From the record

Archer Aviation Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Goldstein, Adam D (Chief Executive Officer, as filed), filing under that title since 2021-09-20, 5.1 years (top 36% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 5.1 years (top 25%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 23%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge6 in three years among 12 peoplebottom 23% of its family
the median years the people in charge have filed5.1 yearstop 25% of its family
the chief executive's years on the record5.1 yearstop 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.1/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed

4.9/10

How much room does it have to grow?

bottom 49% of 11 in its family for room to expand.

weight 45% of this tense · 49th percentile among 11 sector filers · read for itself

From the record

Archer Aviation Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.0 billion against debt of $80 million leaves 38.5% of its assets as net cash, top 50% of its family; cash from operations less capital spending is -170566.7% of revenue (bottom 5%); a gross margin of 33.3% (bottom 45%); research spending of 164633.3% of revenue (top 5%) (its annual report).

What it rests on

cash less debt against assets38.5%top 50% of its family
cash from operations less capital spending against revenue-170566.7%bottom 5% of its family
gross margin33.3%bottom 45% of its family
research spending against revenue164633.3%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

8.0/10

What could actually drive growth from here?

top 20% of 10 in its family for growth drivers.

weight 33% of this tense · 80th percentile among 10 sector filers · read for its customers

From the record

Archer Aviation Inc.'s growth drivers, from the filed years to fiscal 2025: research spending grew 42.3% a year (top 15%); capital spending grew 125.2% a year (top 25%) (its annual reports). Archer Aviation Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth of research spending42.3%top 15% of its family
three-year growth of capital spending125.2%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

5.7/10

Did its newest year beat what its own record pointed to?

SI estimate 5.7/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 6 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 6 members with one.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: family median, 6 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Archer Aviation Inc.'s expectations vs reality is put at 5.7 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 6 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ACHR · research, not advice