Wheels Up Experience Inc. (UP)

UP Financials

UP Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	727.887M	168.922M	183.842M	185.486M	189.637M	177.530M	204.815M	193.903M	196.285M
Cost of Goods Sold	712.203M	170.895M	194.475M	172.878M	173.955M	178.634M	189.340M	166.859M	207.283M
Gross Profit	15.684M	-1.973M	-10.633M	12.608M	15.682M	-1.104M	15.475M	27.044M	-10.998M
Gross Profit Margin	-1.2%	-1.2%	-5.8%	6.8%	8.3%	-0.6%	7.6%	13.9%	-5.6%
Total Operating Expenses	246.457M	57.280M	39.950M	73.945M	75.282M	79.662M	70.560M	68.975M	68.056M
Research & Development	36.977M	8.739M	8.710M	10.170M	9.358M	10.524M	9.486M	9.594M	10.529M
Selling, General & Administrative	203.985M	49.020M	46.282M	54.066M	54.617M	78.978M	59.721M	47.087M	57.429M
Operating Income (EBIT)	-230.773M	-59.253M	-50.583M	-61.337M	-59.600M	-80.766M	-55.085M	-41.931M	-79.054M
Operating Margin	-35.1%	-35.1%	-27.5%	-33.1%	-31.4%	-45.5%	-26.9%	-21.6%	-40.3%
Income Before Tax (EBT)	-273.928M	-82.449M	-27.741M	-82.398M	-81.340M	-99.235M	-87.044M	-57.326M	-96.532M
Interest Income	2.114M	242K	405K	631K	836K	1.148M	922K	907K	285K
Interest Expense	95.897M	25.307M	24.996M	23.510M	22.084M	19.880M	18.089M	16.041M	16.667M
Other Income/Expense	-43.155M	-23.196M	22.842M	-21.061M	-21.740M	-18.469M	-31.959M	-15.395M	-17.478M
Net Income	-277.862M	-82.958M	-28.875M	-83.730M	-82.299M	-99.313M	-87.538M	-57.731M	-96.973M
Income Tax Expense	3.934M	509K	1.134M	1.332M	959K	78K	494K	405K	441K
Net Profit Margin	-49.1%	-49.1%	-15.7%	-45.1%	-43.4%	-55.9%	-42.7%	-29.8%	-49.4%
EBITDA	-125.356M	-45.428M	-200K	-33.962M	-45.766M	-59.145M	-55.881M	-28.801M	-64.272M
EBITDA Margin	-26.9%	-26.9%	-0.1%	-18.3%	-24.1%	-33.3%	-27.3%	-14.9%	-32.7%
Depreciation & Amortization	52.675M	11.714M	2.545M	24.926M	13.490M	20.210M	13.074M	12.484M	15.593M
EPS Basic	-7.89	-2.29	-0.80	-2.40	-2.40	-2.80	-2.60	-1.65	-2.80
EPS Diluted	-7.89	-2.29	-0.80	-2.40	-2.40	-2.80	-2.60	-1.65	-2.80
Shares Outstanding	36.149M	36.149M	36.090M	34.950M	34.950M	34.914M	34.892M	34.886M	34.873M
Diluted Shares Outstanding	36.149M	36.149M	36.090M	34.950M	34.950M	34.914M	34.892M	34.886M	34.873M

UP Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	736.495M	792.104M	1.253B	1.580B	1.194B	694.981M	384.912M	332.144M
Cost of Goods Sold	719.942M	733.075M	1.291B	1.606B	1.172B	634.775M	380.025M	276.431M
Gross Profit	16.553M	59.029M	-37.722M	-26.501M	22.428M	60.206M	4.887M	55.713M
Gross Profit Margin	2.2%	7.5%	-3.0%	-1.7%	1.9%	8.7%	1.3%	16.8%
Total Operating Expenses	268.839M	317.820M	405.835M	533.506M	225.706M	123.172M	83.015M	108.194M
Research & Development	38.762M	40.690M	61.873M	57.240M	33.579M	21.010M	13.965M	10.203M
Selling, General & Administrative	233.943M	221.911M	234.701M	300.641M	193.402M	120.009M	69.050M	64.282M
Operating Income (EBIT)	-252.286M	-258.791M	-443.557M	-560.007M	-203.278M	-62.966M	-78.128M	-51.998M
Operating Margin	-34.3%	-32.7%	-35.4%	-35.4%	-17.0%	-9.1%	-20.3%	-15.7%
Income Before Tax (EBT)	-290.714M	-338.409M	-486.004M	-555.377M	-197.172M	-85.405M	-106.873M	-83.237M
Interest Income	3.020M	2.170M	6.121M	3.670M	53K	550K	615K	30.756M
Interest Expense	90.470M	65.352M	41.255M	7.515M	9.519M	22.989M	29.360M	—
Other Income/Expense	-38.428M	-79.618M	-42.447M	4.630M	6.106M	-22.439M	-28.745M	-30.756M
Net Income	-294.217M	-339.635M	-487.387M	-555.160M	-190.020M	-78.641M	-96.274M	-83.237M
Income Tax Expense	3.503M	1.226M	1.383M	170K	58K	0.00	0.00	0.00
Net Profit Margin	-39.9%	-42.9%	-38.9%	-35.1%	-15.9%	-11.3%	-25.0%	-25.1%
EBITDA	-139.073M	-216.511M	-386.216M	-481.926M	-133.455M	-3.887M	-38.161M	-18.772M
EBITDA Margin	-18.9%	-27.3%	-30.8%	-30.5%	-11.2%	-0.6%	-9.9%	-5.7%
Depreciation & Amortization	61.171M	56.546M	58.533M	65.936M	54.198M	58.529M	39.352M	33.226M
EPS Basic	-8.40	-9.80	-31.60	-452.00	-185.60	-96.80	-186.00	-160.80
EPS Diluted	-8.40	-9.80	-31.60	-452.00	-185.60	-96.80	-185.40	-160.40
Shares Outstanding	35.300M	34.886M	15.442M	1.228M	1.024M	813K	518K	518K
Diluted Shares Outstanding	35.300M	34.886M	15.442M	1.228M	1.024M	813K	519K	519K

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Wheels Up Experience Inc.

Wheels Up Experience Inc. is a prominent provider of private air travel solutions, primarily serving clients across the United States. Its comprehensive offerings encompass flexible, multi-level membership plans, personalized on-demand flights spanning diverse private jet categories, and expert aircraft management. Wheels Up also facilitates retail and wholesale charter services, assists with the purchase and sale of entire aircraft, delivers tailored corporate flight solutions, undertakes special missions, curates exclusive events and bespoke experiences, and provides commercial travel options. The company commands a substantial fleet of roughly 1,500 airplanes. Established in 2013, its operational base is located in New York, New York.

Chamblee, NY

1,807 employees

www.wheelsup.com

Industrials / Airlines, Airports & Air Services

Sector: Industrials
Industry: Airlines, Airports & Air Services
CEO: George Nathaniel Mattson

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