Archer Reports Strong Third Quarter with $650M Fundraising, Record Flight Milestones, and Strategic Expansion
Archer Aviation Inc. announced its third quarter results, underscoring a period of significant growth marked by substantial fundraising, technological milestones, and strategic acquisitions.
The company has signed definitive agreements to acquire Hawthorne Airport in Los Angeles for $126 million in cash. Located less than three miles from LAX, Hawthorne Airport is the closest aviation facility to key city destinations including SoFi Stadium, The Forum, Intuit Dome, and Downtown Los Angeles. plans to transform the airport into the operational hub of its Los Angeles air taxi network and a testbed for its next-generation, AI-powered aviation technologies.
United Airlines’ Chief Financial Officer, Michael Leskinen, praised the move, stating, “its trajectory validates our conviction that eVTOLs are part of the next generation of air traffic technology that will fundamentally reshape aviation. Their vision for an AI-enabled operations platform isn’t just about eVTOLs—it’s about leveraging advanced technology to move people safely and efficiently through our most congested airspaces. Through United Airlines Ventures, we’re investing in innovators like Archer who are building the aviation infrastructure of the future.”
In addition to the acquisition, Archer successfully raised $650 million in new equity capital, boosting its total liquidity to over $2 billion and reinforcing its strong financial position within the advanced air mobility sector.
The company also achieved several record-breaking flight test milestones with its Midnight aircraft, including surpassing 50 miles in range and 10,000 feet in altitude, marking key steps toward commercial readiness.
Further strengthening its intellectual property portfolio, Archer completed the acquisition of Lilium’s patent portfolio, expanding its global collection to over 1,000 assets, one of the largest in the eVTOL industry.
On the international front, Archer deployed aircraft to the United Arab Emirates for test and demonstration flights, while expanding partnerships in Asia through collaborations with Korean Air and Soracle, a joint venture between Japan Airlines and Sumitomo in Tokyo and Osaka.
With these achievements, Archer continues to accelerate its mission to redefine urban air mobility, positioning itself as a global leader in sustainable, AI-driven aviation.
Archer Aviation Reports Third Quarter 2025 Results, Showcasing Major Strategic Milestones, $650M Capital Raise, and Expansion of Global Air Mobility Footprint
Santa Clara, Calif., November 6, 2025 — Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced its operating and financial results for the third quarter ended September 30, 2025, alongside fourth quarter 2025 financial estimates. A shareholder letter discussing the results has been posted to the Company’s investor relations website.
CEO Commentary
Adam Goldstein, Archer’s Founder and CEO, commented:
The era of advanced aviation has arrived—not as a distant vision, but as a tangible reality. At Archer, we are not waiting for the future; we are building it. The time to seize this transformative opportunity is now.”
Live Webcast Details
Archer will host a live webcast to discuss its results today at 2:00 p.m. Pacific Time. The webcast and replay will be available at investors.archer.com. Interested participants may also join by calling 646-844-6383 (domestic) or +1 833-470-1428 (international) and entering the access code 726657.
Moelis & Company LLC acted as lead placement agent and Cantor Fitzgerald & Co. as joint placement agent for Archer’s latest capital raise. Moelis also served as financial advisor on the Company’s acquisition of Hawthorne Airport.
Third Quarter 2025 Highlights
Acquisition of Hawthorne Airport as Strategic LA Hub and AI Technology Testbed
Archer has signed definitive agreements to acquire Hawthorne Airport—a unique, historic 80-acre aviation asset in Los Angeles—for $126 million in cash. The property includes approximately 190,000 square feet of terminal, office, and hangar facilities. Originally built in the 1920s and known as Jack Northrop Field, Hawthorne Airport played a formative role in Southern California’s aerospace history.
Strategically located less than three miles from LAX, the airport is the closest aviation facility to major LA destinations such as SoFi Stadium, The Forum, Intuit Dome, and Downtown Los Angeles. Archer plans to transform the site into the operational hub for its planned LA air taxi network, including support for air mobility operations during the LA28 Olympic Games.
The facility will also serve as a testbed for next-generation AI-powered aviation technologies, including AI-enabled air traffic and ground operations management systems developed in collaboration with Archer’s airline and technology partners.
Raised $650 Million in New Equity Capital
Archer secured $650 million in new equity funding, increasing total liquidity to over $2 billion. This reinforces the Company’s strong balance sheet and leadership position in the eVTOL and advanced air mobility (AAM) sector.
Expanded Midnight Flight Program with Record Achievements
The Company’s flagship aircraft, Midnight, achieved several major milestones:
- Completed its longest piloted flight—a 55-mile journey lasting 31 minutes at speeds exceeding 126 mph
- Reached a record altitude of 10,000 feet
- Conducted demonstration flights at the California International Airshow, where thousands witnessed its exceptionally quiet performance
These results mark continued progress toward performance maturity and commercial readiness for Midnight.
Closed Acquisition of Lilium Patent Portfolio, Strengthening Global IP Leadership
Archer completed the acquisition of Lilium’s advanced air mobility patent portfolio—approximately 300 patent assets—for €18 million following a competitive bid process. The portfolio includes key technologies in ducted fans, high-voltage systems, flight controls, electric engines, and propellers.
With this addition, Archer now holds over 1,000 global patents, making it one of the largest and most advanced IP portfolios in the eVTOL industry.
UAE Commercial Deployment and Expansion Across Asia-Pacific
Archer commenced Midnight demonstration and test flights in Abu Dhabi earlier this year and has begun receiving payments for its Launch Edition program in the UAE. The Company continues to advance through the UAE’s certification process to enable future commercial passenger operations.
Archer also strengthened its global footprint through new strategic partnerships:
- Selected as Korean Air’s exclusive air taxi partner in South Korea**
- Partnered with Japan Airlines and Sumitomo’s joint venture, Soracle, to deploy Midnight aircraft for upcoming urban air mobility projects in Tokyo and Osaka
Fourth Quarter 2025 Financial Outlook
Archer expects Adjusted EBITDA loss between $110 million and $140 million for the fourth quarter of 2025.
The Company has not provided a reconciliation to GAAP due to the unpredictability of certain non-cash items such as stock-based compensation and warrant fair value changes, which depend on future market conditions and other uncontrollable factors.
About Archer
Archer is designing and developing the key enabling technologies and aircraft necessary to power the future of aviation.
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