Archer Aviation Inc. (ACHR) reported its first-quarter 2025 earnings, showing an improved net loss of $93.4 million compared to $116.5 million year-over-year, though adjusted EBITDA widened to a loss of $109 million from $86.8 million. The company remains pre-revenue and recorded total operating expenses of $144 million, flat year-over-year. Archer's cash position surpassed $1 billion, marking its highest quarter-end balance. The company reaffirmed plans to deliver its Midnight aircraft and launch commercial operations in the UAE in 2025. Archer announced 'Launch Edition' customers including Abu Dhabi Aviation and Ethiopian Airlines. Additionally, Archer Aviation forged a partnership with Palantir Technologies Inc. (PLTR) to develop artificial intelligence for next-generation aviation technologies. Following the earnings release, Archer's stock gained nearly 20%, supported by strong partnerships, a hybrid strategy, and a solid cash reserve. Cantor Fitzgerald reiterated an overweight rating on Archer with a price target of $13, citing the company's progress toward its 2025 UAE launch as an inflection point.