Wheels Up Experience financials
$3.42−4.47%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $736.5M | $792.1M | $1.25B | $1.58B | $1.19B |
| Gross profit | $73.7M | $59.0M | $20.8M | $39.4M | $76.6M |
| Gross margin | 10.0% | 7.5% | 1.7% | 2.5% | 6.4% |
| Operating income | -$260.1M | -$260.1M | -$460.5M | -$564.4M | -$204.6M |
| Net income | -$294.2M | -$339.6M | -$487.4M | -$555.2M | -$190.0M |
| Net margin | −39.9% | −42.9% | −38.9% | −35.1% | −15.9% |
| Diluted EPS | $-168.00 | $-196.00 | $-1476.00 | $-9040.00 | $-3712.00 |
| EBITDA | -$199.0M | -$203.6M | -$275.8M | -$318.4M | -$150.4M |
| Operating cash flow | -$166.3M | -$77.9M | -$665.3M | -$230.7M | $126.5M |
| Free cash flow | -$259.9M | -$200.7M | -$685.5M | -$314.2M | $79.6M |
| Diluted shares | 1.8M | 1.7M | 0.3M | 0.1M | 0.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $133.9M | $216.4M | $263.9M | $585.9M | $784.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $335.4M | $408.1M | $259.1M | $253.2M | $0.00 |
| Total assets | $968.8M | $1.16B | $1.32B | $1.92B | $1.98B |
| Total liabilities | $1.36B | $1.35B | $1.22B | $1.67B | $1.24B |
| Shareholders' equity | -$392.1M | -$202.1M | $97.4M | $251.9M | $736.2M |
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