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flag Archer Aviation's stock soars 300% on eVTOL progress, but it remains unprofitable with no revenue.

flag Archer Aviation's stock has surged 300% in the past year amid growing investor interest in its Midnight eVTOL aircraft, which is set for commercial use in Abu Dhabi and as the official air taxi provider for the 2028 Los Angeles Olympics. flag The company has secured a major manufacturing partnership with Stellantis in Georgia, aiming to produce 650 aircraft annually by 2030, and is testing its aircraft in the UAE. flag Despite these milestones, Archer remains unprofitable, reporting a $206 million net loss in Q2—more than double the prior year—due to high R&D and development costs. flag The company has yet to generate revenue, relies on equity financing, and faces uncertainty around scalability, profitability, and market adoption. flag While the urban air mobility sector could reach $1.5 trillion by 2040, Archer’s high valuation and unproven business model raise significant risks for investors.

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