Archer Aviation faces heavy cash burn as Insitu revenue jumps
Insitu is generating more than $200M in annual revenue, far above Archer’s $5M Q2 2026 revenue. Archer posted $177.1M adjusted EBITDA losses in Q2 and expects another $170M–$200M loss in Q3, while capex surged 268% y/y to $69.7M and liquidity fell from about $1.8B. Peer comparisons highlight potential upside if Insitu scales like others, but regulatory approval delays or higher cash burn than guidance remain key risks.