Wheels Up Experience Inc. (UP) quarterly income statement — complete revenue, gross profit & net income history
Wheels Up Experience Inc. (UP) annual income statement — 7-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 164.79M | 182M | 168.92M | 183.84M | 185.49M | 189.64M | 177.53M | 204.81M | 193.9M | 196.28M | 197.1M | 246.38M | 320.06M | 335.06M | 351.81M | 408.26M | 420.36M | 425.51M | 325.63M | 345.04M |
| Revenue Growth % | -11.16% | -4.03% | -4.85% | -10.24% | -4.34% | -3.39% | -9.93% | -16.87% | -39.42% | -41.42% | -43.98% | -39.65% | -23.86% | -21.26% | 8.04% | 18.32% | 39.2% | 49% | 24.45% | 64.48% |
| Cost of Goods Sold | 136.95M | 160.31M | 170.9M | 194.47M | 172.88M | 173.96M | 178.63M | 189.34M | 166.86M | 207.28M | 198.26M | 264.43M | 299.89M | 343.03M | 368.24M | 414.7M | 419.54M | 425.03M | 346.99M | 357.69M |
| COGS % of Revenue | 83.11% | 88.09% | 101.17% | 105.78% | 93.2% | 91.73% | 100.62% | 92.44% | 86.05% | 105.6% | 100.59% | 107.33% | 93.7% | 102.38% | 104.67% | 101.58% | 99.81% | 99.89% | 106.56% | 103.66% |
| Gross Profit | 27.84M | 21.68M | -1.97M | -10.63M | 12.61M | 15.68M | -1.1M | 15.47M | 27.04M | -11M | -1.16M | -18.05M | 20.18M | -7.96M | -16.42M | -6.44M | 814K | 480K | -21.35M | -12.64M |
| Gross Margin % | 16.89% | 11.91% | -1.17% | -5.78% | 6.8% | 8.27% | -0.62% | 7.56% | 13.95% | -5.6% | -0.59% | -7.33% | 6.3% | -2.38% | -4.67% | -1.58% | 0.19% | 0.11% | -6.56% | -3.66% |
| Gross Profit Growth % | 120.78% | 38.28% | -78.71% | -168.71% | -53.38% | 242.59% | 4.75% | 185.73% | 34.04% | -38.1% | 92.94% | -180.12% | 2378.62% | -1759.17% | 23.08% | 49.04% | -83.2% | -97.16% | -178.64% | -273.44% |
| Operating Expenses | 78.14M | 96.27M | 57.28M | 39.95M | 73.94M | 75.28M | 79.66M | 70.56M | 68.97M | 68.06M | 81.43M | 46.86M | 149.18M | 145.02M | 80.23M | 277.06M | 152.48M | 94.6M | 71.37M | 69.6M |
| OpEx % of Revenue | 47.42% | 52.89% | 33.91% | 21.73% | 39.87% | 39.7% | 44.87% | 34.45% | 35.57% | 34.67% | 41.31% | 19.02% | 46.61% | 43.28% | 22.8% | 67.86% | 36.27% | 22.23% | 21.92% | 20.17% |
| Selling, General & Admin | 57.31M | 58.41M | 49.02M | 46.28M | 54.07M | 54.62M | 78.98M | 59.72M | 47.09M | 57.43M | 57.67M | 40.87M | 65.4M | 63.21M | 65.22M | 82.68M | 75.15M | 80.66M | 62.15M | 61.11M |
| SG&A % of Revenue | 34.78% | 32.1% | 29.02% | 25.17% | 29.15% | 28.8% | 44.49% | 29.16% | 24.28% | 29.26% | 29.26% | 16.59% | 20.43% | 18.87% | 18.54% | 20.25% | 17.88% | 18.96% | 19.08% | 17.71% |
| Research & Development | 8.93M | 8.84M | 8.74M | 8.71M | 10.17M | 9.36M | 10.52M | 9.49M | 9.59M | 10.53M | 11.08M | 11.61M | 19.96M | 14.43M | 15.87M | 14.8M | 16.64M | 14.61M | 11.19M | 9.76M |
| R&D % of Revenue | 5.42% | 4.86% | 5.17% | 4.74% | 5.48% | 4.93% | 5.93% | 4.63% | 4.95% | 5.36% | 5.62% | 4.71% | 6.24% | 4.31% | 4.51% | 3.63% | 3.96% | 3.43% | 3.44% | 2.83% |
| Other Operating Expenses | 1000K | 1000K | -479K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 98K | 1000K | -1000K | 1000K | 1000K | -866K | 1000K | 1000K | -663K | -1000K | -1000K |
| Operating Income | -50.31M | -74.58M | -59.25M | -50.58M | -61.34M | -59.6M | -80.77M | -55.09M | -41.93M | -79.05M | -82.58M | -64.92M | -129M | -152.99M | -96.65M | -283.5M | -151.66M | -94.12M | -92.72M | -82.24M |
| Operating Margin % | -30.53% | -40.98% | -35.08% | -27.51% | -33.07% | -31.43% | -45.49% | -26.9% | -21.62% | -40.28% | -41.9% | -26.35% | -40.31% | -45.66% | -27.47% | -69.44% | -36.08% | -22.12% | -28.47% | -23.84% |
| Operating Income Growth % | 17.98% | -25.14% | 26.64% | 8.17% | -46.28% | 24.61% | 2.2% | 15.14% | 67.5% | 48.33% | 14.55% | 77.1% | 14.94% | -62.54% | -4.24% | -244.72% | -121.17% | -279.59% | -235.11% | -180.71% |
| EBITDA | -37.64M | -62.46M | -47.54M | -37.04M | -47.41M | -46.11M | -60.56M | -42.01M | -29.45M | -63.46M | -67.19M | -51.41M | -113.55M | -137.86M | -82.2M | -264.43M | -135.16M | -77.99M | -78.49M | -69M |
| EBITDA Margin % | -22.84% | -34.32% | -28.14% | -20.15% | -25.56% | -24.31% | -34.11% | -20.51% | -15.19% | -32.33% | -34.09% | -20.87% | -35.48% | -41.15% | -23.37% | -64.77% | -32.15% | -18.33% | -24.1% | -20% |
| EBITDA Growth % | 20.61% | -35.46% | 21.5% | 11.84% | -61% | 27.34% | 9.87% | 18.28% | 74.07% | 53.97% | 18.27% | 80.56% | 15.99% | -76.77% | -4.73% | -283.25% | -146.05% | -589.32% | -467.25% | -361.23% |
| D&A (Non-Cash Add-back) | 12.67M | 12.12M | 11.71M | 13.54M | 13.93M | 13.49M | 20.21M | 13.07M | 12.48M | 15.59M | 15.39M | 13.51M | 15.46M | 15.12M | 14.45M | 19.07M | 16.5M | 16.13M | 14.23M | 13.25M |
| EBIT | 0 | -74.39M | -57.14M | -2.75M | -58.89M | -59.26M | -79.36M | -68.95M | -41.28M | -79.86M | -82.95M | -66.26M | -132.98M | -152.95M | -92.56M | -279.73M | -148.65M | -92.44M | -89.04M | -76.53M |
| Net Interest Income | 0 | -32.38M | -25.07M | -24.59M | -22.88M | -21.25M | -18.73M | -17.17M | -15.13M | -16.38M | -14.5M | -14.19M | -10.85M | -5.79M | -4.3M | -5.46M | 1.13M | 405K | 77K | 12K |
| Interest Income | 322K | 566K | 242K | 405K | 631K | 836K | 1.15M | 922K | 907K | 285K | 56K | 31K | 404K | 1.86M | 3.82M | 2.06M | 1.13M | 405K | 77K | 28K |
| Interest Expense | -39.13M | 32.95M | 25.31M | 25M | 23.51M | 22.08M | 19.88M | 18.09M | 16.04M | 16.67M | 14.55M | 14.22M | 11.26M | 7.66M | 8.12M | 7.51M | 0 | 0 | 0 | 16K |
| Other Income/Expense | -38.93M | -32.76M | -23.2M | 22.84M | -21.06M | -21.74M | -18.47M | -31.96M | -15.39M | -17.48M | -14.92M | -15.57M | -15.23M | -7.62M | -4.03M | -3.74M | 3.01M | 1.68M | 3.68M | 5.63M |
| Pretax Income | -89.24M | -107.34M | -82.45M | -27.74M | -82.4M | -81.34M | -99.23M | -87.04M | -57.33M | -96.53M | -97.51M | -80.48M | -144.23M | -160.61M | -100.68M | -287.25M | -148.65M | -92.44M | -89.04M | -76.61M |
| Pretax Margin % | -54.15% | -58.98% | -48.81% | -15.09% | -44.42% | -42.89% | -55.9% | -42.5% | -29.56% | -49.18% | -49.47% | -32.67% | -45.06% | -47.93% | -28.62% | -70.36% | -35.36% | -21.72% | -27.34% | -22.2% |
| Income Tax | -204K | 119K | 509K | 1.13M | 1.33M | 959K | 78K | 494K | 405K | 441K | -114K | 632K | 579K | -16K | 188K | -335K | 185K | 320K | 0 | 0 |
| Effective Tax Rate % | 0.23% | -0.11% | -0.62% | -4.09% | -1.62% | -1.18% | -0.08% | -0.57% | -0.71% | -0.46% | 0.12% | -0.79% | -0.4% | 0.01% | -0.19% | 0.12% | -0.12% | -0.35% | 0% | 0% |
| Net Income | -89.44M | -107.25M | -82.96M | -28.88M | -83.73M | -82.3M | -99.31M | -87.54M | -57.73M | -96.97M | -97.39M | -81.11M | -144.81M | -160.59M | -100.87M | -286.91M | -148.84M | -92.76M | -88.65M | -69.4M |
| Net Margin % | -54.28% | -58.93% | -49.11% | -15.71% | -45.14% | -43.4% | -55.94% | -42.74% | -29.77% | -49.4% | -49.41% | -32.92% | -45.25% | -47.93% | -28.67% | -70.28% | -35.41% | -21.8% | -27.22% | -20.11% |
| Net Income Growth % | -6.82% | -30.32% | 16.47% | 67.01% | -45.03% | 15.13% | -1.97% | -7.92% | 60.13% | 39.62% | 3.44% | 71.73% | 2.7% | -73.13% | -13.78% | -313.43% | -154.49% | -254.64% | -201.45% | -153.75% |
| Net Income (Continuing) | -89.44M | -107.46M | -82.96M | -28.88M | -83.73M | -82.3M | -99.31M | -87.54M | -57.73M | -96.97M | -97.39M | -81.11M | -144.81M | -160.59M | -100.87M | -286.91M | -148.84M | -92.76M | -89.04M | -76.61M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.84M | 6.08M |
| EPS (Diluted) | -2.48 | -2.97 | -2.29 | -0.80 | -2.40 | -2.40 | -2.80 | -2.60 | -1.65 | -2.80 | -2.80 | -2.80 | -70.20 | -125.60 | -79.60 | -192.80 | -121.80 | -76.00 | -72.40 | -62.00 |
| EPS Growth % | -3.33% | -23.75% | 18.21% | 69.23% | -45.1% | 14.29% | 0% | 7.14% | 97.64% | 97.77% | 96.48% | 98.55% | 42.36% | -65.26% | -9.94% | -210.97% | -144.58% | -850% | -654.17% | -3063.27% |
| EPS (Basic) | -2.48 | -2.97 | -2.29 | -0.80 | -2.40 | -2.40 | -2.80 | -2.60 | -1.65 | -2.80 | -2.80 | -2.80 | -70.20 | -125.60 | -79.60 | -192.80 | -121.80 | -76.00 | -72.40 | -62.00 |
| Diluted Shares Outstanding | 36.12M | 36.2M | 36.15M | 36.09M | 34.95M | 34.95M | 34.91M | 34.89M | 34.89M | 34.87M | 34.9M | 28.82M | 2.06M | 1.28M | 1.27M | 1.24M | 1.22M | 1.22M | 1.22M | 1.23M |
| Basic Shares Outstanding | 36.12M | 36.2M | 36.15M | 36.09M | 34.95M | 34.95M | 34.91M | 34.89M | 34.89M | 34.87M | 34.9M | 28.82M | 2.06M | 1.28M | 1.27M | 1.24M | 1.22M | 1.22M | 1.22M | 1.23M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |