Alongside the news that Archer is to acquire Boeing’s stake in Wisk, Skygrid and Insitu the company has also announced its latest financial results.
According to the company:
“We ended Q2 2026 with USD1,560.6 million of cash, cash equivalents, and short-term investments on our balance sheet and an additional USD7.3 million of restricted cash. Our Q2 2026 cash, cash equivalents, and short-term investments decreased by USD215.3 million from Q1 2026, primarily due to the USD156.4 million cash used in operating activities, USD37.1 million used in the purchase of property and equipment and USD25.0 million used in acquisition of the fixed based operator business at the Hawthorne Airport. Our Q2 2026 Revenue increased by USD3.4 million from Q1 2026 to USD5.0 million as we expanded operations at the Hawthorne Airport in LA. Q2 2026 Operating Expenses increased by USD28.0 million from Q1 2026 as we continued to invest in expanding flight testing, certification efforts, and production activities for our Midnight aircraft, along with the investment in the design and development efforts for our hybrid aircraft, and the development of ZEE, our AI foundation model.
“Q2 2026 Net Loss increased by USD45.5 million from Q1 2026 primarily driven by USD28.0 million increase in operating expenses, USD18.8 million decrease primarily in non-cash gain for change in fair value of private and public warrants within other income (expense), net, and a USD2.2 million decrease in interest income, net, offset by USD3.4 million increase in revenue generated.
“Q2 2026 Adjusted EBITDA was a loss of USD177.1 million, which is on the lower end of the guidance range of USD170 million – USD200 million. The loss was a planned increase of USD4.6 million over Q1 2026, mainly due to the reasons mentioned above for the increase in operating expenses.
Archer’s financial estimates for the third quarter of 2026 are an adjusted EBITDA expected to be a loss of USD170 million to USD200 million.
For more information
https://archer.com/news/archer-announces-second-quarter-2026-results-announces-deal-with-boeing
(Image: Archer Aviation)