Wheels Up Experience Inc.
UP- Exchange
- NYSE
- Industry
- Air Transportation, Nonscheduled
- SEC CIK
- 0001819516
In the last 90 days, Wheels Up Experience Inc. insiders filed 0 open-market purchases and 3 sales; 60 institutions reported holding it in 13F filings for Q2 2026, worth $264.7M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:59 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $294.2M (39.9% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 19, 2026 | Mar 11, 2025 | Mar 7, 2024 | Mar 9, 2023 | Mar 10, 2022 |
| Revenue | $736.5M | $792.1M | $1.25B | $1.58B | $1.19B |
| Cost of revenue | $662.8M | $733.1M | $1.23B | $1.54B | – |
| Research and development | $38.8M | $40.7M | $61.9M | $57.2M | – |
| Selling, general and administrative | $145.3M | $137.6M | $145.9M | $183.5M | – |
| Operating income | -$203.4M | -$258.8M | -$443.6M | -$560.0M | – |
| Interest expense | – | – | $41.3M | $7.51M | – |
| Income tax | $3.50M | $1.23M | $1.38M | $170.0K | $58.0K |
| Net income | -$294.2M | -$339.6M | -$487.4M | -$555.2M | -$197.2M |
| EPS, basic | $-0.42 | $-0.49 | $-3.69 | $-2.26 | $-0.93 |
| EPS, diluted | $-0.42 | $-0.49 | $-3.69 | $-2.26 | $-0.93 |
| Weighted shares, basic | 706.0M | 697.7M | 132.2M | 245.7M | 204.8M |
| Weighted shares, diluted | 706.0M | 697.7M | 132.2M | 245.7M | 204.8M |
| Margins and growth | |||||
| Operating margin | -27.6% | -32.7% | -35.4% | -35.4% | – |
| Net margin | -39.9% | -42.9% | -38.9% | -35.1% | -16.5% |
| Revenue growth, year over year | −7.0% | −36.8% | −20.7% | +32.3% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 19, 2026 | Mar 11, 2025 | Mar 7, 2024 | Mar 9, 2023 | Mar 10, 2022 |
| Cash and equivalents | $133.9M | $216.4M | $263.9M | $585.9M | $784.6M |
| Accounts receivable | $24.2M | $32.3M | $38.2M | $112.4M | $79.4M |
| Inventory | $11.6M | $12.2M | $20.4M | $29.0M | $9.41M |
| Total current assets | $249.4M | $332.1M | $434.0M | $819.6M | $933.1M |
| Property, plant and equipment | $219.7M | $348.3M | $337.7M | $394.6M | $317.8M |
| Goodwill | $209.9M | $217.0M | $218.2M | $348.1M | $437.4M |
| Intangible assets | $75.1M | $96.9M | $117.8M | $141.8M | $147.0M |
| Total assets | $968.8M | $1.16B | $1.32B | $1.92B | $1.98B |
| Accounts payable | $20.4M | $30.0M | $33.0M | $43.2M | $43.7M |
| Short-term debt | $19.0M | $31.7M | $24.0M | $27.0M | $0 |
| Total current liabilities | $907.6M | $917.3M | $907.5M | $1.34B | $1.14B |
| Long-term debt | $316.4M | $376.3M | $235.1M | $226.2M | $0 |
| Total liabilities | $1.36B | $1.35B | $1.22B | $1.67B | $1.24B |
| Shareholders' equity | -$392.1M | -$202.1M | $97.4M | $251.9M | $736.2M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 19, 2026 | Mar 11, 2025 | Mar 7, 2024 | Mar 9, 2023 | Mar 10, 2022 |
| Operating cash flow | -$166.3M | -$77.9M | -$665.3M | -$230.7M | $126.5M |
| Capital expenditures | $93.6M | $122.8M | $20.2M | $83.6M | $15.2M |
| Free cash flow | -$259.9M | -$200.7M | -$685.5M | -$314.2M | $111.3M |
| Depreciation and amortization | $61.2M | $56.5M | $37.1M | $43.5M | $34.3M |
| Stock-based compensation | $45.4M | $46.0M | $25.6M | $89.0M | $49.7M |
| Share buybacks | $1.63M | $485.0K | $28.0K | $7.69M | – |
| Investing cash flow | $180.4M | -$46.7M | $40.9M | -$175.2M | -$38.7M |
| Financing cash flow | -$98.5M | $78.7M | $301.0M | $244.8M | $374.0M |
| Net change in cash | -$82.0M | -$46.4M | -$327.3M | -$166.6M | $461.8M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 6.2% | 5.8% | 2.0% | 5.6% | 4.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 30, 2026 | 36.4M | −95.0% | SEC |
| Jul 31, 2026 | 36.3M | −94.8% | SEC |
| May 8, 2026 | 36.2M | −94.8% | SEC |
| Mar 9, 2026 | 724.5M | +3.7% | SEC |
| Nov 3, 2025 | 721.7M | +3.4% | SEC |
| Aug 4, 2025 | 698.8M | +0.2% | SEC |
| May 5, 2025 | 698.9M | +0.2% | SEC |
| Mar 7, 2025 | 698.8M | +0.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Dec 31, 2020, from 13F share counts: 1-for-10 in Q2 2023 and 1-for-20 in Q2 2026.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.