As of Q1'26, Archer Aviation (ACHR) reported cash and short-term investments at $1.78B, marking a decline from the previous quarter's $1.96B, while debt stood at $43M, a significant drop from $122M in Q4'25. This results in a robust net cash position of approximately $1.74B, underscoring improved liquidity despite the quarterly cash dip. Over the period from Q2'23 to Q1'26, cash and short-term investments exhibited strong overall growth, rising from $408M to $1.78B with notable acceleration starting in Q3'24 (reaching $502M) and peaking at $1.96B in Q4'25, though recent quarters show some volatility including a temporary low of $360M in Q2'24. In contrast, debt trended upward from $22M in Q2'23 to a high of $122M in Q4'25 before sharply contracting to $43M in Q1'26, reflecting prudent debt management amid expanding cash reserves and supporting the company's financial stability for ongoing operations.