As of Q4'25, ACHR reported a Gross Margin of 33%, while its Operating Margin and Net Profit Margin were significantly negative at -781.33% and -629.67%, respectively. This indicates that although the company achieved a positive gross margin, it continues to face substantial operating and net losses in the latest quarter. Reviewing the data from Q1'23 to Q4'25, there were no reported margins until Q4'25, when all three metrics were first disclosed. The sharp contrast between the positive gross margin and the deeply negative operating and net profit margins suggests that while ACHR is generating value at the gross profit level, high operating expenses or other costs are severely impacting overall profitability. This pattern highlights ongoing challenges in achieving operational efficiency and profitability as of the latest reported period.