Archer Q1 net loss $93.4M, cash $1.03B; UAE Midnight delivery planned for summer

Archer Aviation Inc.

2025-Q1 EPS reported -$0.17

Net loss of $93.4M; Adjusted EBITDA loss of $109.0M; cash and equivalents $1.03B as of March 31.
Q1 total operating expenses $144M GAAP, $113.1M non-GAAP; spending within guided range.
First Midnight aircraft delivery to UAE planned for summer; design approval secured for Abu Dhabi hybrid heliport.
Two Launch Edition customers added: Abu Dhabi Aviation and Ethiopian Airlines for early deployment.
AI partnership with Palantir for aviation software; NYC air taxi network with United Airlines announced.

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