Archer Aviation Inc. is an advanced air mobility company focused on designing and developing electric vertical takeoff and landing (eVTOL) aircraft. The company, which aims to reshape the future of aviation, is progressing toward launching its Midnight aircraft for commercial use, with planned deployments in the United Arab Emirates and other markets this year.

In Q1 2025, Archer reported a net loss of $93.4 million, down from a net loss of $116.5 million year-over-year. Total operating expenses rose to $144 million, reflecting an increase of $1.8 million compared to the same quarter last year. Adjusted EBITDA loss was $109 million, marking an increase of $14.2 million from the previous quarter.

Archer ended the first quarter with $1.03 billion in cash and cash equivalents, a significant increase from $405.8 million from the same period last year. Cash flows from operating and investing activities totaled $104.6 million for Q1 2025.

The company provided forward guidance, expecting Q2 2025 adjusted EBITDA losses to range between $100 million and $120 million. The anticipated increase in cash burn aligns with ongoing investments in the development and commercialization of the Midnight aircraft as well as advancements in strategic partnerships, including a key collaboration with Palantir for aviation AI technologies.

Archer has secured two launch customers through its “Launch Edition” program: Abu Dhabi Aviation and Ethiopian Airlines. Both strategic partnerships are aimed at establishing early market presence and operational infrastructure in the UAE and East Africa. Additionally, manufacturing capabilities are ramping up, with production facilities in California and Georgia fully operational.

The company announced plans to deliver its first piloted Midnight aircraft to the UAE in the summer of 2025, with the expectation of starting commercial operations later this year. Archer also highlighted progress in regulatory compliance work with the FAA, achieving alignment on critical safety standards, including total propulsion loss protocols.

In summary, Archer maintains its focus on advancing aircraft development and certification, with substantial liquidity to support its aggressive growth strategy and early revenue generation efforts, including the launch of services in major markets.