8-K Announcements
6May 11, 2026·SEC
Apr 29, 2026·SEC
Apr 27, 2026·SEC
Wheels Up Experience Inc. (UP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Wheels Up Experience Inc. (UP) stock price & volume — 10-year historical chart
Wheels Up Experience Inc. (UP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Wheels Up Experience Inc. (UP) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.40 | $184Mvs $473M-61.1% |
| Q4 2025 | Nov 5, 2025 | $0.10 | $185Mvs $499M-62.8% |
| Q3 2025 | Aug 7, 2025 | $0.10 | $190Mvs $471M-59.7% |
| Q2 2025 | May 1, 2025 | $0.10 | $178Mvs $462M-61.5% |
Wheels Up Experience Inc. (UP) competitors in Private aviation and charter services — business model, growth, and fundamentals comparison
Wheels Up Experience Inc. (UP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Wheels Up Experience Inc. (UP) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 384.91M | 694.98M | 1.19B | 1.58B | 1.25B | 792.1M | 736.5M | 727.89M |
Revenue Growth % | - | 80.56% | 71.84% | 32.28% | -20.66% | -36.8% | -7.02% | -5.78% |
Cost of Goods Sold | 380.02M | 634.77M | 1.17B | 1.61B | 1.29B | 733.08M | 719.94M | 712.2M |
COGS % of Revenue | 98.73% | 91.34% | 98.12% | 101.68% | 103.01% | 92.55% | 97.75% | - |
Gross Profit | 4.89M▲ 0% | 60.21M▲ 1132.0% | 22.43M▼ 62.7% | -26.5M▼ 218.2% | -37.72M▼ 42.3% | 59.03M▲ 256.5% | 16.55M▼ 72.0% | 15.68M▲ 0% |
Gross Margin % | 1.27% | 8.66% | 1.88% | -1.68% | -3.01% | 7.45% | 2.25% | 2.15% |
Gross Profit Growth % | - | 1131.96% | -62.75% | -218.16% | -42.34% | 256.48% | -71.96% | - |
Operating Expenses | 83.02M | 123.17M | 225.71M | 533.51M | 405.83M | 317.82M | 268.84M | 246.46M |
OpEx % of Revenue | 21.57% | 17.72% | 18.9% | 33.77% | 32.38% | 40.12% | 36.5% | - |
Selling, General & Admin | 69.05M | 120.01M | 193.4M | 300.64M | 234.7M | 221.91M | 233.94M | 203.99M |
SG&A % of Revenue | 17.94% | 17.27% | 16.19% | 19.03% | 18.73% | 28.02% | 31.76% | - |
Research & Development | 13.96M | 21.01M | 33.58M | 57.24M | 61.87M | 40.69M | 38.76M | 36.98M |
R&D % of Revenue | 3.63% | 3.02% | 2.81% | 3.62% | 4.94% | 5.14% | 5.26% | - |
Other Operating Expenses | 0 | -17.85M | -1.27M | 175.63M | 109.26M | 55.22M | -3.87M | 521K |
Operating Income | -78.13M▲ 0% | -62.97M▲ 19.4% | -203.28M▼ 222.8% | -560.01M▼ 175.5% | -443.56M▲ 20.8% | -258.79M▲ 41.7% | -252.29M▲ 2.5% | -230.77M▲ 0% |
Operating Margin % | -20.3% | -9.06% | -17.02% | -35.45% | -35.39% | -32.67% | -34.26% | -31.7% |
Operating Income Growth % | - | 19.41% | -222.84% | -175.49% | 20.79% | 41.66% | 2.51% | - |
EBITDA | -38.78M | -4.44M | -149.08M | -494.07M | -385.02M | -202.25M | -191.12M | -178.1M |
EBITDA Margin % | -10.07% | -0.64% | -12.48% | -31.28% | -30.72% | -25.53% | -25.95% | -24.47% |
EBITDA Growth % | - | 88.56% | -3259.93% | -231.41% | 22.07% | 47.47% | 5.5% | 8.89% |
D&A (Non-Cash Add-back) | 39.35M | 58.53M | 54.2M | 65.94M | 58.53M | 56.55M | 61.17M | 52.67M |
EBIT | -77.51M | -62.42M | -187.65M | -547.86M | -444.75M | -273.06M | -200.24M | -180.14M |
Net Interest Income | -28.75M | -22.44M | -9.47M | -3.85M | -35.13M | -63.18M | -87.45M | -93.78M |
Interest Income | 615K | 550K | 53K | 3.67M | 6.12M | 2.17M | 3.02M | 2.11M |
Interest Expense | 29.36M | 22.99M | 9.52M | 7.51M | 41.26M | 65.35M | 90.47M | 95.9M |
Other Income/Expense | -28.75M | -22.44M | 6.11M | 4.63M | -42.45M | -79.62M | -38.43M | -43.16M |
Pretax Income | -106.87M▲ 0% | -85.41M▲ 20.1% | -197.17M▼ 130.9% | -555.38M▼ 181.7% | -486M▲ 12.5% | -338.41M▲ 30.4% | -290.71M▲ 14.1% | -273.93M▲ 0% |
Pretax Margin % | -27.77% | -12.29% | -16.51% | -35.16% | -38.78% | -42.72% | -39.47% | -37.63% |
Income Tax | 0 | 0 | 58K | 170K | 1.38M | 1.23M | 3.5M | 3.93M |
Effective Tax Rate % | 0% | 0% | -0.03% | -0.03% | -0.28% | -0.36% | -1.2% | -1.44% |
Net Income | -96.27M▲ 0% | -78.64M▲ 18.3% | -190.02M▼ 141.6% | -555.16M▼ 192.2% | -487.39M▲ 12.2% | -339.63M▲ 30.3% | -294.22M▲ 13.4% | -277.86M▲ 0% |
Net Margin % | -25.01% | -11.32% | -15.91% | -35.14% | -38.89% | -42.88% | -39.95% | -38.17% |
Net Income Growth % | - | 18.32% | -141.63% | -192.16% | 12.21% | 30.32% | 13.37% | 18.65% |
Net Income (Continuing) | -106.87M | -85.41M | -197.23M | -555.55M | -487.39M | -339.63M | -294.22M | -277.86M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 26.02M | 6.08M | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -185.40▲ 0% | -96.80▲ 47.8% | -185.60▼ 91.7% | -452.00▼ 143.5% | -31.60▲ 93.0% | -9.80▲ 69.0% | -8.40▲ 14.3% | -7.69▲ 0% |
EPS Growth % | - | 47.79% | -91.74% | -143.53% | 93.01% | 68.99% | 14.29% | 19.93% |
EPS (Basic) | -186.00 | -96.80 | -185.60 | -452.00 | -31.60 | -9.80 | -8.40 | - |
Diluted Shares Outstanding | 519.02K | 812.53K | 1.02M | 1.23M | 15.44M | 34.89M | 35.3M | 36.15M |
Basic Shares Outstanding | 517.6K | 812.53K | 1.02M | 1.23M | 15.44M | 34.89M | 35.3M | 36.15M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Wheels Up Experience Inc. (UP) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Current Assets | 128.43M | 395.52M | 933.07M | 819.62M | 434.03M | 332.07M | 249.36M | 164.79M |
Cash & Short-Term Investments | 84.05M | 312.8M | 784.57M | 585.88M | 263.91M | 216.43M | 133.93M | 54.13M |
Cash Only | 84.05M | 312.8M | 784.57M | 585.88M | 263.91M | 216.43M | 133.93M | 54.13M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 20.01M | 58.6M | 87.46M | 117.91M | 49.77M | 33.5M | 25.74M | 32.31M |
Days Sales Outstanding | 18.97 | 30.78 | 26.73 | 27.24 | 14.49 | 15.44 | 12.76 | 16.19 |
Inventory | 918K | 5.32M | 9.41M | 53.83M | 22.26M | 12.18M | 11.59M | 2.21M |
Days Inventory Outstanding | 0.88 | 3.06 | 2.93 | 12.23 | 6.29 | 6.06 | 5.87 | 4.5 |
Other Current Assets | 18.67M | 18.19M | 29.84M | 22.29M | 42.38M | 46.42M | 78.1M | 76.14M |
Total Non-Current Assets | 399.21M | 964.47M | 1.05B | 1.15B | 882.03M | 825.94M | 719.46M | 751.45M |
Property, Plant & Equipment | 356.16M | 387.57M | 426.42M | 501.29M | 406.62M | 405.25M | 331.62M | 371.55M |
Fixed Asset Turnover | 1.08x | 1.79x | 2.80x | 3.15x | 3.08x | 1.95x | 2.22x | 2.10x |
Goodwill | 3.73M | 400.16M | 437.4M | 396.12M | 218.21M | 217.04M | 209.9M | 208.66M |
Intangible Assets | 20.14M | 163.71M | 146.96M | 141.76M | 117.77M | 96.9M | 75.1M | 70.1M |
Long-Term Investments | 0 | 0 | 0 | 34.27M | 0 | 30.04M | 0 | 34.6M |
Other Non-Current Assets | 19.18M | 25.21M | 37.22M | 112.43M | 139.43M | 76.7M | 102.84M | 66.54M |
Total Assets | 527.63M▲ 0% | 1.36B▲ 157.8% | 1.98B▲ 45.7% | 1.97B▼ 0.5% | 1.32B▼ 33.2% | 1.16B▼ 12.0% | 968.81M▼ 16.3% | 916.24M▲ 0% |
Asset Turnover | 0.73x | 0.51x | 0.60x | 0.80x | 0.95x | 0.68x | 0.76x | 0.75x |
Asset Growth % | - | 157.75% | 45.67% | -0.5% | -33.24% | -12.01% | -16.34% | -46.49% |
Total Current Liabilities | 383.72M | 839.91M | 1.14B | 1.34B | 907.5M | 917.28M | 907.56M | 854.36M |
Accounts Payable | 27.91M | 20.92M | 43.67M | 43.17M | 32.97M | 29.98M | 20.44M | 22.86M |
Days Payables Outstanding | 26.8 | 12.03 | 13.6 | 9.81 | 9.32 | 14.93 | 10.36 | 14.03 |
Short-Term Debt | 49.2M | 62.68M | 0 | 27.01M | 24M | 31.75M | 35.93M | 21.74M |
Deferred Revenue (Current) | 0 | 651.1M | 933.53M | 1.08B | 723.25M | 749.43M | 738.85M | 2.15B |
Other Current Liabilities | 252.74M | 17.98M | 19.07M | 20.02M | 1.94M | 92.17M | 112.33M | 122.19M |
Current Ratio | 0.33x | 0.47x | 0.82x | 0.61x | 0.48x | 0.36x | 0.27x | 0.19x |
Quick Ratio | 0.33x | 0.46x | 0.81x | 0.57x | 0.45x | 0.35x | 0.26x | 0.19x |
Cash Conversion Cycle | -6.95 | 21.81 | 16.06 | 29.66 | 11.46 | 6.57 | 8.27 | 6.66 |
Total Non-Current Liabilities | 200.17M | 226.25M | 109.8M | 327.08M | 308.69M | 436.95M | 453.36M | 527.57M |
Long-Term Debt | 195.17M | 148.41M | 0 | 226.23M | 235.07M | 376.31M | 121.07M | 116.37M |
Capital Lease Obligations | 3.43M | 56.36M | 83.46M | 82.75M | 54.96M | 50.81M | 0 | 97.7M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 1.56M | 19.5M | 24.38M | 16.35M | 17.67M | 9.66M | 332.29M | 411.2M |
Total Liabilities | 583.89M | 1.07B | 1.24B | 1.67B | 1.22B | 1.35B | 1.36B | 1.38B |
Total Debt | 256.45M | 283.31M | 115.08M | 365.94M | 336.9M | 472.82M | 157M | 138.11M |
Net Debt | 172.41M | -29.49M | -669.5M | -219.94M | 72.99M | 256.39M | 23.07M | 83.99M |
Debt / Equity | - | 0.96x | 0.16x | 1.22x | 3.37x | - | - | -0.30x |
Debt / EBITDA | - | - | - | - | - | - | - | -0.78x |
Net Debt / EBITDA | - | - | - | - | - | - | - | -0.47x |
Interest Coverage | -2.64x | -2.72x | -19.71x | -72.90x | -10.78x | -4.18x | -2.21x | -1.88x |
Total Equity | -56.25M▲ 0% | 293.83M▲ 622.3% | 736.23M▲ 150.6% | 299.92M▼ 59.3% | 99.87M▼ 66.7% | -196.23M▼ 296.5% | -392.1M▼ 99.8% | -465.69M▲ 0% |
Equity Growth % | - | 622.32% | 150.57% | -59.26% | -66.7% | -296.48% | -99.82% | -783.62% |
Book Value per Share | -108.39 | 361.62 | 719.04 | 244.16 | 6.47 | -5.62 | -11.11 | -12.88 |
Total Shareholders' Equity | -56.25M | 267.8M | 730.15M | 299.92M | 99.87M | -196.23M | -392.1M | -465.69M |
Common Stock | 3.82M | 17K | 25K | 25K | 70K | 70K | 72K | 72K |
Retained Earnings | -122.29M | -530.69M | -720.71M | -1.23B | -1.76B | -2.1B | -2.4B | -2.48B |
Treasury Stock | 0 | 0 | 0 | -7.69M | -7.72M | -8.2M | 0 | 0 |
Accumulated OCI | 2.25M | -800K | 0 | -10.05M | -10.7M | -12.66M | -5.63M | -7.45M |
Minority Interest | 0 | 26.02M | 6.08M | 0 | 0 | 0 | 0 | 0 |
Wheels Up Experience Inc. (UP) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | -24.88M | 209.64M | 126.49M | -230.69M | -665.28M | -77.89M | -166.29M | -216.3M |
Operating CF Margin % | -6.46% | 30.17% | 10.59% | -14.6% | -53.08% | -9.83% | -22.58% | - |
Operating CF Growth % | - | 942.65% | -39.66% | -282.38% | -188.39% | 88.29% | -113.51% | -535.93% |
Net Income | -106.87M | -85.41M | -197.23M | -507.55M | -487.39M | -339.63M | -294.22M | -277.86M |
Depreciation & Amortization | 39.35M | 58.53M | 54.2M | 65.94M | 58.53M | 56.55M | 61.17M | 52.67M |
Stock-Based Compensation | 1.88M | 3.34M | 49.67M | 88.98M | 25.63M | 45.98M | 45.43M | 32.18M |
Deferred Taxes | 529K | 0 | -12.31M | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 1.94M | 8.73M | 618K | 128.58M | 134.23M | 75.22M | 26.62M | 37M |
Working Capital Changes | 38.29M | 224.45M | 231.54M | -6.64M | -396.29M | 84.01M | -5.3M | -60.29M |
Change in Receivables | 1.41M | 21.47M | -21.92M | -23.95M | 26.9M | 7.14M | 2.22M | 5.61M |
Change in Inventory | -70K | -636K | -3.42M | -51.16M | 15.7M | 4.53M | -3.17M | -2.33M |
Change in Payables | 6.73M | -13.87M | 13.12M | -9.7M | -8.09M | -2.88M | -9.25M | -14.47M |
Cash from Investing | -41.32M | 81.58M | -38.67M | -175.24M | 40.87M | -46.68M | 180.37M | 126.15M |
Capital Expenditures | -8.07M | -7.11M | -60.08M | -151.36M | -36.66M | -122.81M | -93.63M | -143.16M |
CapEx % of Revenue | 2.1% | 1.02% | 5.03% | 9.58% | 2.93% | 15.5% | 12.71% | 19.67% |
Acquisitions | -28.33M | 97.1M | 7.84M | -75.09M | 13.2M | 0 | 0 | 208.04M |
Investments | - | - | - | - | - | - | - | - |
Other Investing | -14.42M | -8.41M | 13.57M | 51.21M | 64.33M | 76.13M | 274M | 61.28M |
Cash from Financing | 87.38M | -62.79M | 374.03M | 244.79M | 300.95M | 78.66M | -98.51M | -27.43M |
Debt Issued (Net) | -37.71M | -62.79M | -214.08M | 259.2M | 322.68M | 80.74M | -144.4M | -72.93M |
Equity Issued (Net) | 0 | 0 | 2.11M | -7.69M | -31K | -485K | 45.88M | 46.16M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | -7.69M | -31K | -485K | -1.63M | -1.72M |
Other Financing | 125.09M | 0 | 586M | -6.73M | -21.69M | -1.59M | 0 | -662.85K |
Net Change in Cash | 21.19M▲ 0% | 228.44M▲ 978.1% | 461.85M▲ 102.2% | -166.57M▼ 136.1% | -327.33M▼ 96.5% | -46.36M▲ 85.8% | -81.97M▼ 76.8% | -118.46M▲ 0% |
Free Cash Flow | -32.95M▲ 0% | 194.12M▲ 689.2% | 66.41M▼ 65.8% | -382.05M▼ 675.3% | -701.95M▼ 83.7% | -218.13M▲ 68.9% | -259.92M▼ 19.2% | -362.71M▲ 0% |
FCF Margin % | -8.56% | 27.93% | 5.56% | -24.18% | -56.01% | -27.54% | -35.29% | -49.83% |
FCF Growth % | - | 689.17% | -65.79% | -675.3% | -83.73% | 68.93% | -19.16% | -78.09% |
FCF per Share | -63.48 | 238.91 | 64.86 | -311.02 | -45.46 | -6.25 | -7.36 | -10.03 |
FCF Conversion (FCF/Net Income) | 0.26x | -2.67x | -0.67x | 0.42x | 1.37x | 0.23x | 0.57x | 1.31x |
Interest Paid | 0 | 21.72M | 0 | 0 | 0 | 0 | 0 | 4.72M |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Wheels Up Experience Inc. (UP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -66.2% | -36.9% | -107.16% | -243.82% | - | - | 70.34% |
Return on Invested Capital (ROIC) | -24.82% | -92.1% | -572.56% | -263.14% | -166.59% | - | 90.99% |
Gross Margin | 8.66% | 1.88% | -1.68% | -3.01% | 7.45% | 2.25% | 2.15% |
Net Margin | -11.32% | -15.91% | -35.14% | -38.89% | -42.88% | -39.95% | -38.17% |
Debt / Equity | 0.96x | 0.16x | 1.22x | 3.37x | - | - | -0.30x |
Interest Coverage | -2.72x | -19.71x | -72.90x | -10.78x | -4.18x | -2.21x | -1.88x |
FCF Conversion | -2.67x | -0.67x | 0.42x | 1.37x | 0.23x | 0.57x | 1.31x |
Revenue Growth | 80.56% | 71.84% | 32.28% | -20.66% | -36.8% | -7.02% | -5.78% |
Wheels Up Experience Inc. (UP) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 11, 2026·SEC
Apr 29, 2026·SEC
Apr 27, 2026·SEC
Wheels Up Experience Inc. (UP) stock FAQ — growth, dividends, profitability & financials explained
Wheels Up Experience Inc. (UP) reported $727.9M in revenue for fiscal year 2025. This represents a 89% increase from $384.9M in 2019.
Wheels Up Experience Inc. (UP) saw revenue decline by 7.0% over the past year.
Wheels Up Experience Inc. (UP) reported a net loss of $277.9M for fiscal year 2025.
Wheels Up Experience Inc. (UP) had negative free cash flow of $362.7M in fiscal year 2025, likely due to heavy capital investments.