As of Q3'25, Archer Aviation ( ACHR ) reported an operating income of -175M USD, reflecting a continued negative operating result. The year-over-year change for this quarter stands at -43.16%, indicating a significant deterioration compared to the same period last year. From Q4'22 to Q3'25, ACHR's operating income has remained consistently negative, with notable fluctuations. After a temporary improvement in Q3'23 ( -46.2M USD ), losses deepened again, reaching a low of -181.4M USD in Q2'23 and -176.1M USD in Q2'25. The YoY growth rate has been volatile, with occasional positive quarters but generally trending downward, highlighting persistent operational challenges and increasing losses over the observed period.