Wheels Up Experience Inc. (UP) Financial Statements
Industry: Air Transportation, Nonscheduled
In fiscal 2025, Wheels Up Experience reported revenue of $736.5M, down 7.0% from $792.1M the year before. Net income was -$294.2M (a -39.9% net margin), or -$8.40 per diluted share. Gross margin was 10.0% and operating margin was -27.6%. Operating activities generated -$166.3M of cash, leaving -$259.9M of free cash flow. At fiscal year end, Wheels Up Experience held $968.8M in total assets against $1.36B in total liabilities, including $133.9M of cash and equivalents.
Open the full interactive Wheels Up Experience financials → Quarterly statements, key ratios, valuation history and price charts.
Wheels Up Experience Key Stats
| Share Price | $3.43 |
|---|---|
| Market Cap | $123.9M |
| Revenue YoY Growth | -7.0% |
| 52-Week Range | $3.16 – $34.80 |
| Shares Outstanding | 36.1 million (basic, 2026 Q2) |
Wheels Up Experience Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.19B | $1.58B | $1.25B | $792.1M | $736.5M |
| Cost of Goods Sold | $1.40B | $2.14B | $1.70B | $1.05B | $939.9M |
| Gross Profit | -$203.3M | $39.4M | $20.8M | $59.0M | $73.7M |
| Operating Income | -$203.3M | -$560.0M | -$443.6M | -$258.8M | -$203.4M |
| Pre-Tax Income | -$197.2M | -$555.4M | -$486.0M | -$338.4M | -$290.7M |
| Income Tax | $58,000 | $170,000 | $1.4M | $1.2M | $3.5M |
| Net Income | -$190.0M | -$555.2M | -$487.4M | -$339.6M | -$294.2M |
| Diluted EPS | -$186.00 | -$452.00 | -$73.80 | -$9.80 | -$8.40 |
Wheels Up Experience Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $185.5M | $183.8M | $168.9M | $182.0M |
| Net Income | -$83.7M | -$28.9M | -$83.0M | -$107.2M |
| Diluted EPS | -$2.40 | -$0.04 | -$2.29 | -$2.97 |
Wheels Up Experience Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $784.6M | $585.9M | $263.9M | $216.4M | $133.9M |
| Current Assets | $933.1M | $819.6M | $434.0M | $332.1M | $249.4M |
| Total Assets | $1.98B | $1.92B | $1.32B | $1.16B | $968.8M |
| Current Liabilities | $1.14B | $1.34B | $907.5M | $917.3M | $907.6M |
| Total Long-Term Debt | — | $253.2M | $259.1M | $408.1M | $335.4M |
| Total Liabilities | $1.24B | $1.67B | $1.22B | $1.35B | $1.36B |
| Shareholders' Equity | $730.2M | $251.9M | $97.4M | -$202.1M | -$392.1M |
Wheels Up Experience Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $126.5M | -$230.7M | -$665.3M | -$77.9M | -$166.3M |
| Cash From Investing | -$38.7M | -$175.2M | $40.9M | -$46.7M | $180.4M |
| Cash From Financing | $374.0M | $244.8M | $301.0M | $78.7M | -$98.5M |
| Free Cash Flow | $111.3M | -$314.2M | -$685.5M | -$200.7M | -$259.9M |
Figures from Wheels Up Experience's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Wheels Up Experience financials page for every line item.
Wheels Up Experience Company Profile
| Ticker | UP |
|---|---|
| Exchange | NYSE |
| Industry | Air Transportation, Nonscheduled |
| Headquarters | Chamblee, Georgia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001819516 |
Frequently Asked Questions
What was Wheels Up Experience's revenue in fiscal 2025?
Wheels Up Experience (UP) reported revenue of $736.5M for fiscal 2025.
What is Wheels Up Experience's annual revenue history?
Wheels Up Experience's annual revenue by fiscal year: 2021: $1.19B; 2022: $1.58B; 2023: $1.25B; 2024: $792.1M; 2025: $736.5M.
What was Wheels Up Experience's net income in fiscal 2025?
Wheels Up Experience reported net income of -$294.2M for fiscal 2025.
What was Wheels Up Experience's earnings per share (EPS) in fiscal 2025?
Wheels Up Experience's diluted EPS was -$8.40 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Wheels Up Experience generate in fiscal 2025?
Wheels Up Experience generated -$259.9M of free cash flow in fiscal 2025.
What was Wheels Up Experience's revenue last quarter?
In its most recent reported quarter (2026 Q2), Wheels Up Experience reported revenue of $182.0M.
How much debt does Wheels Up Experience have?
Wheels Up Experience reported $335.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Wheels Up Experience are outstanding?
Wheels Up Experience reported a weighted average of 36.1 million basic shares outstanding in 2026 Q2.
What is Wheels Up Experience's market cap?
Based on its latest closing price, Wheels Up Experience (UP) has a market capitalization of about $123.9M.
When does Wheels Up Experience's fiscal year end?
Wheels Up Experience's fiscal year end, as registered with the SEC, is December 31.
Where is Wheels Up Experience headquartered?
Wheels Up Experience lists its business address in Chamblee, Georgia in its SEC filings.