Archer Aviation (ACHR) shares dropped nearly 10% in premarket trading on November 7, 2025, following the release of its third-quarter earnings. The company reported a net loss of $129.9 million, exceeding analysts' expectations. Additionally, Archer announced a $126 million cash acquisition of Hawthorne Airport in Los Angeles, which has raised concerns about its financial outlook despite securing $650 million in new equity and achieving significant technical milestones.