ACHR Q1 2026 Adjusted EBITDA ($172.5) million loss, Beat Guidance by +$2.5M
ACHR beat prior Q1 2026 Adjusted EBITDA guidance by +$2.5M. Archer Aviation reported Q1 2026 Adjusted EBITDA of $172.5 million loss, which is within the company's prior guidance range of $160 million to $180 million loss (midpoint $170 million loss), resulting in a slight miss versus the midpoint by $2.5 million. Revenue increased to $1.6 million from $0.3 million in Q4 2025. The company ended Q1 2026 with liquidity of approximately $1.8 billion. For Q2 2026, Archer projects Adjusted EBITDA loss of $170 million...
Guidance comparison
Forward guidance
Key takeaways
Q1 2026 Adjusted EBITDA loss of $172.5M missed prior guidance midpoint of $170M loss by $2.5M; actual result within guidance range of $160M to $180M loss.
Revenue increased to $1.6M from $0.3M in Q4 2025 as initial operations expanded at Hawthorne Airport in Los Angeles.
Net loss widened to $217.7M from $188.9M in Q4 2025, primarily driven by a $21.5M increase in operating expenses; Non-GAAP total operating expenses were $181.9M.
Cash position decreased to $1.78B from $1.96B in Q4 2025; quarterly cash usage included $149.1M in operating activities and $32.6M in capital expenditures.
Archer became the first eVTOL company to close Phase 3 of the FAA's 4-phase Type Certification process, a significant regulatory milestone toward commercial operations.
Q2 2026 Adjusted EBITDA guidance: loss of $170M to $200M; FY 2026 full-year guidance not yet disclosed.
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