Wheels Up Experience financials
$3.42−4.47%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $182.0M | $168.9M | $183.8M | $185.5M | $189.6M | $177.5M | $204.8M | $193.9M | $196.3M | $197.1M | $246.4M | $320.1M |
| Gross profit | $21.7M | $9.7M | $26.3M | $12.6M | $15.7M | $19.1M | $28.5M | $27.0M | $4.6M | -$1.2M | -$4.5M | $20.2M |
| Gross margin | 11.9% | 5.8% | 14.3% | 6.8% | 8.3% | 10.8% | 13.9% | 13.9% | 2.3% | −0.6% | −1.8% | 6.3% |
| Operating income | -$70.4M | -$59.7M | -$42.2M | -$65.6M | -$61.8M | -$90.6M | -$53.7M | -$42.1M | -$79.0M | -$85.3M | -$70.5M | -$136.8M |
| Net income | -$107.2M | -$83.0M | -$28.9M | -$83.7M | -$82.3M | -$99.3M | -$87.5M | -$57.7M | -$97.0M | -$97.4M | -$81.1M | -$144.8M |
| Net margin | −58.9% | −49.1% | −15.7% | −45.1% | −43.4% | −55.9% | −42.7% | −29.8% | −49.4% | −49.4% | −32.9% | −45.2% |
| Diluted EPS | $-2.97 | $-2.29 | $-5.63 | $-48.00 | $-2.35 | $-2.84 | $-50.19 | $-32.00 | $-56.00 | $-56.00 | $-74.31 | $-1404.00 |
| EBITDA | -$45.6M | -$48.0M | -$28.6M | -$51.6M | -$48.3M | -$70.4M | -$40.7M | -$29.6M | -$63.4M | -$69.9M | -$57.0M | -$65.2M |
| Operating cash flow | -$91.6M | -$99.6M | -$18.4M | -$37.1M | -$62.9M | -$47.9M | $37.9M | -$16.9M | -$25.2M | -$73.8M | -$3.8M | -$249.8M |
| Free cash flow | -$144.5M | -$162.0M | -$58.3M | -$60.4M | -$78.6M | -$62.6M | -$70.2M | -$21.9M | -$28.4M | -$80.1M | -$9.3M | -$252.2M |
| Diluted shares | 36.1M | 36.1M | 5.1M | 1.8M | 34.9M | 34.9M | 1.7M | 1.7M | 1.7M | 1.7M | 1.1M | 0.1M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $86.3M | $54.1M | $133.9M | $125.3M | $107.0M | $171.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $602.3M | $422.1M | $335.4M | $423.9M | $422.9M | $414.4M |
| Total assets | $926.6M | $916.2M | $968.8M | $973.0M | $1.01B | $1.09B |
| Total liabilities | $1.49B | $1.38B | $1.36B | $1.35B | $1.35B | $1.37B |
| Shareholders' equity | -$560.3M | -$465.7M | -$392.1M | -$374.5M | -$347.8M | -$288.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology