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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.00M | $1.60M | $300.00K | — | $0 | $0 | $0 | — |
| Cost of revenue | $4.30M | $1.30M | $300.00K | $0 | $0 | $0 | $0 | $0 |
| Gross profit | $700.00K | $300.00K | $0 | — | $0 | $0 | $0 | — |
| Gross margin | 14.0% | 18.8% | 0.0% | — | — | — | — | — |
| Research and development | $186.00M | $171.70M | $147.10M | $120.70M | $122.40M | $103.70M | $94.60M | $89.80M |
| Selling, general and administrative | $93.90M | $83.20M | $87.30M | $54.10M | $53.70M | $40.30M | $29.60M | $32.30M |
| Operating expenses | $279.90M | $254.90M | $234.40M | $174.80M | $176.10M | $144.00M | $124.20M | $122.10M |
| Operating income | −$279.20M | −$254.60M | −$234.40M | −$174.80M | −$176.10M | −$144.00M | −$124.20M | −$122.10M |
| Operating margin | -5584.0% | -15912.5% | -78133.3% | — | — | — | — | — |
| EBITDA | −$269.10M | −$246.80M | −$228.40M | −$169.70M | −$171.30M | −$139.90M | −$120.70M | −$118.80M |
| Interest income | $0 | $16.40M | $17.60M | $16.30M | $0 | $8.70M | $6.00M | $5.50M |
| Interest expense | $14.20M | $0 | $0 | — | $10.20M | $0 | $0 | — |
| Income before taxes | −$263.20M | −$217.60M | −$188.90M | −$129.80M | −$205.90M | −$93.30M | −$198.30M | −$115.20M |
| Income taxes | $0 | $100.00K | $0 | $100.00K | $100.00K | $100.00K | −$200.00K | $100.00K |
| Net income | −$263.20M | −$217.70M | −$188.90M | −$129.90M | −$206.00M | −$93.40M | −$198.10M | −$115.30M |
| Net margin | -5264.0% | -13606.3% | -62966.7% | — | — | — | — | — |
| EPS, basic | −$0.34 | −$0.28 | −$0.26 | −$0.20 | −$0.36 | −$0.17 | −$0.44 | −$0.29 |
| EPS, diluted | −$0.34 | −$0.28 | −$0.26 | −$0.20 | −$0.36 | −$0.17 | −$0.44 | −$0.29 |
| Diluted shares | 781.70M | 766.85M | 716.72M | 660.89M | 579.20M | 540.43M | 455.09M | 397.52M |
Figures describe Archer Aviation shares, not any token. As of Aug 10, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.