Archer Aviation Inc. (ACHR) Balance Sheet
ACHR balance sheet, 2025
December 31, 2025 · U.S. dollars$2.47B assets = $263.1M liabilities + $2.20B equity
Both columns are drawn to the same scale: what ACHR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ACHR financial health
Descriptive bands, not a rating. Fiscal 2025.
ACHR balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $10.2M2019 | $2.47B2025 | +149.7%/yr | |
| Total liabilities | $5.2M2019 | $263.1M2025 | +92.3%/yr | |
| Shareholders’ equity | $5.0M2019 | $2.20B2025 | +176.1%/yr | |
| Cash & short-term investments | $10.1M2019 | $1.96B2025 | +140.5%/yr | |
| Total debt | $5.0M2019 | $121.9M2025 | +70.3%/yr | |
| Net cash (debt) | $5.2M2019 | $1.84B2025 | +$1.8B | |
| Working capital | $10.0M2019 | $1.97B2025 | +$2.0B | |
| Book value per share | $2.942021 | $3.532025 | +4.7%/yr | |
| Debt / equity | 1.002019 | 0.062025 | −0.95 | |
| Shares outstanding | 237.7M2021 | 624.3M2025 | +27.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ACHR assets
ACHR liabilities and equity
ACHR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ACHR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $1.96B | $834.5M | $464.6M | $531.2M | $746.9M | $36.6M | $10.1M |
| Cash & equivalents | $1.02B | $834.5M | $464.6M | $69.4M | $746.9M | $36.6M | $10.1M |
| Short-term investments | $943.2M | $0 | $0 | $461.8M | $0 | — | — |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $111.4M | $23.9M | $15.6M | $14.3M | $7.9M | $800,000 | $13,000 |
| Total current assets | $2.08B | $858.4M | $480.2M | $545.5M | $754.8M | $37.4M | $10.2M |
| Property, plant & equipment (net) | $294.4M | $134.9M | $66.5M | $23.4M | $10.4M | $3.9M | $4,000 |
| Goodwill & intangible assets | $80.3M | $300,000 | $400,000 | $400,000 | $500,000 | $999,500 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.1M | $7.6M | $7.2M | $4.5M | $2.7M | $0 | $0 |
| Total assets | $2.47B | $1.00B | $554.3M | $573.8M | $768.4M | $41.8M | $10.2M |
| Liabilities | |||||||
| Accounts payable | $30.2M | $14.6M | $14.3M | $3.6M | $3.4M | $2.1M | $110,000 |
| Short-term debt | $6.1M | $3.7M | $2.8M | $13.0M | $12.6M | $1.4M | — |
| Deferred revenue | $1.3M | — | $93.2M | — | $11.7M | $200,000 | — |
| Total current liabilities | $104.4M | $71.1M | $114.0M | $53.3M | $28.3M | $3.8M | $153,000 |
| Long-term debt | $79.5M | $64.0M | $7.2M | $0 | $9.3M | $300,000 | $0 |
| Lease obligations | $41.6M | $15.0M | $16.0M | $12.9M | $4.3M | $2.3M | — |
| Other long-term liabilities | $79.2M | $113.5M | $66.0M | $27.2M | $31.9M | $1.8M | $5.0M |
| Total liabilities | $263.1M | $248.6M | $187.2M | $80.5M | $69.5M | $5.9M | $5.2M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $100,000 | $100,000 | — | — | — | $496.4M | $5,000 |
| Retained earnings (deficit) | −$2.30B | −$1.69B | −$1.15B | −$690.9M | −$373.6M | −$25.8M | −$977,000 |
| Accumulated other comprehensive income | −$1.4M | −$300,000 | $0 | −$800,000 | — | $0 | — |
| Total shareholders' equity | $2.20B | $752.6M | $367.1M | $493.3M | $698.9M | $35.9M | $5.0M |
| Key figures | |||||||
| Total debt | $121.9M | $79.0M | $23.2M | $22.2M | $23.1M | $3.2M | $5.0M |
| Net cash (debt) | $1.84B | $755.5M | $441.4M | $509.0M | $723.8M | $33.4M | $5.2M |
| Working capital | $1.97B | $787.3M | $366.2M | $492.2M | $726.5M | $33.6M | $10.0M |
| Tangible book value | $2.12B | $752.3M | $366.7M | $492.9M | $698.4M | $34.9M | $5.0M |
| Book value per share | $3.53 | $2.00 | $1.36 | $2.05 | $2.94 | — | — |
| Shares outstanding | 624.3M | 376.7M | 270.4M | 240.5M | 237.7M | — | — |
| Current ratio | 19.89 | 12.07 | 4.21 | 10.23 | 26.67 | 9.84 | 66.42 |
| Quick ratio | 18.82 | 11.74 | 4.08 | 9.97 | 26.39 | 9.63 | 66.33 |
| Debt / equity | 0.06 | 0.10 | 0.06 | 0.05 | 0.03 | 0.09 | 1.00 |
| Equity / assets | 89.3% | 75.2% | 66.2% | 86.0% | 91.0% | 85.9% | 48.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.56B | $1.78B | $1.96B | $1.64B | $1.72B | $1.03B | $834.5M | $501.7M | $360.4M | $405.8M | $464.6M | $461.4M |
| Cash & equivalents | $852.7M | $951.1M | $1.02B | $595.5M | $1.72B | $1.03B | $834.5M | $501.7M | $360.4M | $405.8M | $464.6M | $461.4M |
| Short-term investments | $707.9M | $824.8M | $943.2M | $1.05B | — | — | $0 | — | — | — | $0 | $0 |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $86.7M | $123.9M | $111.4M | $50.8M | $33.0M | $34.6M | $23.9M | $21.3M | $14.6M | $16.2M | $15.6M | $14.3M |
| Total current assets | $1.65B | $1.90B | $2.08B | $1.69B | $1.76B | $1.06B | $858.4M | $523.0M | $375.0M | $422.0M | $480.2M | $475.7M |
| Property, plant & equipment (net) | $370.5M | $317.9M | $294.4M | $186.2M | $159.1M | $139.7M | $134.9M | $120.5M | $100.9M | $80.8M | $66.5M | $59.4M |
| Goodwill & intangible assets | $175.0M | $84.0M | $80.3M | $5.3M | $5.5M | $300,000 | $300,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $21.5M | $21.1M | $15.1M | $16.0M | $16.7M | $9.6M | $7.6M | $7.6M | $7.7M | $7.7M | $7.2M | $4.1M |
| Total assets | $2.21B | $2.32B | $2.47B | $1.90B | $1.94B | $1.21B | $1.00B | $651.5M | $484.0M | $510.9M | $554.3M | $539.6M |
| Liabilities | ||||||||||||
| Accounts payable | $32.1M | $25.4M | $30.2M | $23.7M | $22.7M | $14.8M | $14.6M | $23.5M | $25.1M | $14.1M | $14.3M | $15.6M |
| Short-term debt | $8.9M | $6.1M | $6.1M | $5.4M | $4.5M | $4.0M | $3.7M | $3.6M | $3.3M | $3.3M | $2.8M | $5.2M |
| Deferred revenue | — | $1.3M | $1.3M | — | $900,000 | $900,000 | $900,000 | — | −$25.1M | −$14.1M | $93.2M | $93.4M |
| Total current liabilities | $161.3M | $105.2M | $104.4M | $93.0M | $78.8M | $67.4M | $71.1M | $86.7M | $83.6M | $70.2M | $114.0M | $117.0M |
| Long-term debt | $78.0M | $78.8M | $79.5M | $64.1M | $64.1M | $64.1M | $64.0M | $64.0M | $32.7M | $18.1M | $7.2M | $0 |
| Lease obligations | $45.5M | $41.6M | $41.6M | $24.5M | $17.5M | $14.2M | $15.0M | $14.5M | $14.8M | $15.7M | $16.0M | $16.4M |
| Other long-term liabilities | $59.4M | $59.4M | $79.2M | $88.2M | $114.5M | $71.8M | $113.5M | $33.1M | $33.7M | $43.4M | $66.0M | $58.1M |
| Total liabilities | $298.7M | $243.4M | $263.1M | $245.3M | $257.4M | $203.3M | $248.6M | $183.8M | $150.0M | $131.7M | $187.2M | $175.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | — | — | — | — | — |
| Retained earnings (deficit) | −$2.78B | −$2.52B | −$2.30B | −$2.11B | −$1.99B | −$1.78B | −$1.69B | −$1.49B | −$1.37B | −$1.27B | −$1.15B | −$1.04B |
| Accumulated other comprehensive income | −$3.6M | −$3.2M | −$1.4M | −$2.4M | −$100,000 | −$200,000 | −$300,000 | −$100,000 | −$100,000 | — | $0 | — |
| Minority interest | $23.3M | — | — | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.89B | $2.08B | $2.20B | $1.65B | $1.68B | $1.01B | $752.6M | $467.7M | $334.0M | $379.2M | $367.1M | $364.5M |
| Key figures | ||||||||||||
| Total debt | $125.6M | $121.8M | $121.9M | $88.6M | $81.6M | $78.3M | $79.0M | $78.5M | $47.5M | $33.8M | $23.2M | $18.7M |
| Net cash (debt) | $1.44B | $1.65B | $1.84B | $1.55B | $1.64B | $952.1M | $755.5M | $423.2M | $312.9M | $372.0M | $441.4M | $442.7M |
| Working capital | $1.49B | $1.79B | $1.97B | $1.60B | $1.68B | $997.6M | $787.3M | $436.3M | $291.4M | $351.8M | $366.2M | $358.7M |
| Tangible book value | $1.72B | $2.00B | $2.12B | $1.65B | $1.68B | $1.01B | $752.3M | $467.3M | $333.6M | $378.8M | $366.7M | $364.1M |
| Book value per share | $2.42 | $2.71 | $3.53 | $4.16 | $4.23 | $2.54 | $1.89 | $1.18 | $1.00 | $1.18 | $1.21 | $1.31 |
| Shares outstanding | 781.7M | 766.9M | 624.3M | 397.5M | 397.5M | 397.5M | 397.5M | 397.5M | 334.1M | 320.3M | 303.8M | 277.7M |
| Current ratio | 10.21 | 18.06 | 19.89 | 18.19 | 22.30 | 15.80 | 12.07 | 6.03 | 4.49 | 6.01 | 4.21 | 4.07 |
| Quick ratio | 9.68 | 16.88 | 18.82 | 17.65 | 21.88 | 15.29 | 11.74 | 5.79 | 4.31 | 5.78 | 4.08 | 3.94 |
| Debt / equity | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.08 | 0.10 | 0.17 | 0.14 | 0.09 | 0.06 | 0.05 |
| Equity / assets | 85.5% | 89.5% | 89.3% | 87.1% | 86.7% | 83.3% | 75.2% | 71.8% | 69.0% | 74.2% | 66.2% | 67.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
ACHR financial position
At the end of fiscal 2025 (December 31, 2025), Archer Aviation had total assets of $2.5 billion (up 146.3% from a year earlier), total liabilities of $263.1 million and shareholders' equity of $2.2 billion. It held $2.0 billion in cash and short-term investments against $121.9 million of debt, a net cash position of $1.8 billion. Its current ratio was 19.89. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $1.9 billion.
Related: ACHR income statement, ACHR cash flow statement, ACHR key metrics. See the ACHR stock overview for the latest quote and news.
ACHR balance sheet FAQ
What are Archer Aviation's total assets?
Archer Aviation reported total assets of $2.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.0 billion a year earlier.
How much debt does Archer Aviation have?
Archer Aviation had $121.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.06.
How much cash does Archer Aviation have?
Archer Aviation held $2.0 billion in cash and short-term investments at the end of fiscal 2025; with $121.9 million of debt that is net cash of $1.8 billion.
What is Archer Aviation's book value?
Archer Aviation's shareholders' equity (book value) was $2.2 billion at the end of fiscal 2025, or $3.53 per share.
What is Archer Aviation's current ratio?
Archer Aviation had current assets of $2.1 billion and current liabilities of $104.4 million, a current ratio of 19.89 (it can cover its short-term obligations).
How much goodwill does Archer Aviation have?
Archer Aviation carried $80.3 million of goodwill and intangible assets, 3.3% of total assets, at the end of fiscal 2025.