Wheels Up Experience Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $736.5M | $792.1M | $1.3B | $1.6B | $1.2B |
| Cost of revenue | $662.8M | $733.1M | $1.2B | $1.5B | $1.1B |
| Research and development | $38.8M | $40.7M | $61.9M | $57.2M | $33.6M |
| Operating income | -$203.4M | -$258.8M | -$443.6M | -$560.0M | -$203.3M |
| Interest expense | $90.5M | $65.4M | $41.3M | $7.5M | $9.5M |
| Pretax income | -$290.7M | -$338.4M | -$486.0M | -$555.4M | -$197.2M |
| Income tax expense | $3.5M | $1.2M | $1.4M | $170,000 | $58,000 |
| Net income | -$294.2M | -$339.6M | -$487.4M | -$555.2M | -$190.0M |
| Balance Sheet | |||||
| Cash and equivalents | $133.9M | $216.4M | $263.9M | $585.9M | $784.6M |
| Current assets | $249.4M | $332.1M | $434.0M | $819.6M | $933.1M |
| Total assets | $968.8M | $1.2B | $1.3B | $1.9B | $2.0B |
| Current liabilities | $907.6M | $917.3M | $907.5M | $1.3B | $1.1B |
| Total liabilities | $1.4B | $1.4B | $1.2B | $1.7B | $1.2B |
| Total debt | $671.3M | $761.3M | $615.3M | $270.0M | $0 |
| Stockholders' equity | -$392.1M | -$202.1M | $97.4M | $251.9M | $730.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$166.3M | -$77.9M | -$665.3M | -$230.7M | $126.5M |
| 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 |
| Capital expenditure | $93.6M | $122.8M | $20.2M | $83.6M | $15.2M |
| Free cash flow | -$259.9M | -$200.7M | -$685.5M | -$314.2M | $111.3M |
| Share repurchases | $1.6M | $485,000 | $28,000 | $7.7M | $0 |
| Impairments | $0 | $0 | $126.2M | $180.0M | $0 |
Shares outstanding 36.2M · Free float 94.1%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.