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Friday 6 November 2026 Export UP’s income statement to Excel — free account

Wheels Up Experience Inc.

UP Industrials Airports & Air Services

Wheels Up Experience Inc.’s revenue for fiscal 2025 (year ended December 2025) was $736.5 million, down 7.02% from fiscal 2024.

Revenue
−11.2%
EPS
−3.33%
Free cash flow
+50.3%
Total debt
+66.9%

Quarter to September 2026, against a year earlier

2.89 0.18 −5.86%
Market cap
$103.8M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
4/9
Altman Z
−4.01
Beneish M
−3.47
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.15
Sold, $m 0.41
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 2 — — — — — —
Sell — — — — — 1 3 — 2 1 — —
Insider Ownership 37.16%

Capital & Financial Ratios $m

Size
Market Cap 103.75
Revenue ttm 699.55
Net income ttm (308.52)
Free cash flow ttm (226.71)
Net debt Q 655.91
Valuation
P/E 0.00
Forward P/E —
Price / sales 0.15
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 0.25 (below 1: weak)
Debt / equity Q (1.11) (negative: negative equity)
Interest coverage Q (1.29)
Growth
Revenue growth Q −11.16% (below 0%: shrinking)
Operating income growth Q +17.98% (above 0%: growing)
EPS, this year +98.94% (at or above 15%: strong)
EPS, next year A −41.44% (below 0%: weak)
Revenue, next year A +140.37% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 0.9×; over the ten years it ranged from 0.0× in 2023 to 3.1× in 2025.
P/S against its own 10 years 15.85%
10-year low 10-year high
EV/Sales against its own 10 years 54.94%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 264 216 134 52
Receivables 50 33 26 —
Inventory 22 48 30 —
Other 12 11 33 19
434 332 249 191
2023 2024 2025 Q'26
Payables 33 30 20 19
ST’ Debt 24 32 19 24
Other 2 3 8 —
908 917 908 755

Compound Annual Growth %

10y 5y 3y
Sales — 1.17% (22.46%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY23 Estimate −46.00 Actual −38.60

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY22 −58.00 −160.00 Miss by 102.00
Q1 FY23 −58.00 −54.00 Beat by 4.00
Q2 FY23 −58.00 −48.60 Beat by 9.40
Q3 FY23 −46.00 −38.60 Beat by 7.40

EPS $

Mar Jun Sep Dec Year
’26 (2.29) (2.97) (2.48) — —
’25 (2.80) (2.40) (2.40) (0.80) (8.40)
’24 (2.80) (2.80) (1.60) (2.60) (9.80)
’23 (80.00) (125.60) (70.20) (2.81) (73.80)
’22 (72.00) (76.00) (121.82) (192.00) (412.00)
’21 (38.16) (34.26) (50.00) (62.00) (186.00)
’20 — — 24.90 (0.05) (105.11)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 169 182 165 — —
’25 178 190 185 184 736
’24 197 196 194 205 792
’23 352 335 320 246 1,253
’22 326 426 420 408 1,580
’21 262 286 302 345 1,194
’20 — — 195 — 695
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (100) (92) (17) — —
’25 (48) (63) (37) (18) (166)
’24 (74) (25) (17) 38 (78)
’23 (202) (209) (250) (4) (665)
’22 (121) (19) (148) 58 (231)
’21 (85) (34) (34) 279 126
’20 — — 5 (1) 210
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (138) (119) (17) — —
’25 (37) (55) (34) 115 (12)
’24 (58) (21) (16) (38) (133)
’23 (214) (199) (225) 0 (638)
’22 (229) (17) (139) 54 (331)
’21 (90) (40) (39) 249 80
’20 — — (5) (1) 194
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 385 695 1,194 1,580 1,253 792 736 700 +11.4% — — — —
Gross margin, % — — — 11.49 8.66 6.42 2.50 1.66 7.45 10.01 12.24 (1.5) pt
EBT — — — (107) (85) (197) (555) (486) (338) (291) (307) +18.1%
EBT margin, % — — — (27.77) (12.29) (16.51) (35.16) (38.78) (42.72) (39.47) (43.86) (11.7) pt
Net income — 0 — (107) (85) (197) (556) (487) (340) (294) (309) n/m
Per share, $
Per share, $ Revenue — — — 741.64 855.36 1,166.38 1,286.03 189.62 22.71 20.86 19.37 (44.9%)
Earnings — — — (185.50) (105.11) (186.00) (412.00) (73.80) (9.80) (8.40) (8.54) (40.3%)
Cash flow — — — (47.94) 258.02 123.54 (187.80) (100.65) (2.23) (4.71) (6.28) (32.1%)
Capex — — — (15.55) (19.11) (45.43) (81.53) 4.15 (1.57) 4.38 0.00 n/m
Free cash flow — — — (63.48) 238.92 78.11 (269.32) (96.51) (3.80) (0.33) (6.28) (58.4%)
Book value — — — 0.00 361.63 719.04 205.08 14.74 (5.79) (11.11) (17.64) n/m
Shares, m — — — 1 1 1 1 7 35 35 36 +102.0%
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — 0.00 0.00 0.80 0.16 1.78 1.45 0.63 0.15 0.7
P/B — — — 318.57 274.11 1.29 1.02 22.84 0.00 0.00 0.00 88.3
EV/Sales — — — 0.00 0.00 0.24 (0.05) 1.77 1.70 0.90 1.09 0.7
EV/FCF — — — 0.00 0.00 3.51 0.23 (3.48) (10.13) (57.49) (4.84) (9.6)
Cash, $m
Cash, $m Operating cash flow — — — (25) 210 126 (231) (665) (78) (166) (227) +37.2%
Capex — — — (8) (16) (47) (100) 27 (55) 155 70 n/m
Free cash flow — — — (33) 194 80 (331) (638) (133) (12) (227) (16.0%)
Balance, $m
Balance, $m Working capital — — — — (444) (202) (525) (473) (585) (658) (563) +8.2%
Net debt — — — — (102) (670) (333) (5) 192 201 656 n/m
Shareholders’ equity — — — — 294 736 252 97 (202) (392) (637) n/m
Returns, %
Returns, % ROA — — — 0.00 (11.56) (11.37) (28.44) (30.09) (27.46) (27.67) (32.66) (27.7) pt
ROIC — — — 0.00 (20.48) (190.61) 0.00 (299.51) 0.00 0.00 (613.40) 0.0 pt
ROE — — — 0.00 (15.78) (36.90) (112.36) (279.05) 648.70 99.03 60.99 +99.0 pt
People
People Employees — — — — — 2,171 3,111 2,206 1,866 1,250 — (12.9%)
Revenue/emp, $m — — — 0.00 0.00 0.55 0.51 0.57 0.42 0.59 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Wheels Up Experience Inc. vs peers in Airports & Air Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PAC Grupo Aeroportuario Del Pacifico, S.A. de C.V. $12.8B 21.8× 20.8× +31.37% (above 0%: growing) −0.70% (below 0%: shrinking) +499.89% (above 0%: growing) 76.68% 43.26% Compare
ASR Grupo Aeroportuario del Sureste, S.A. de C.V. $7.3B 14.3× 13.3× +23.19% (above 0%: growing) +15.26% (above 0%: growing) +36.64% (above 0%: growing) 58.03% 40.61% Compare
JOBY Joby Aviation, Inc. $5.3B — (loss-making) — (loss-making) +144.04% (above 0%: growing) n/m −27.04% (below 0%: shrinking) 29.17% (504.81%) Compare
OMAB Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $4.6B 16.1× — +33.45% (above 0%: growing) +9.69% (above 0%: growing) +16.10% (above 0%: growing) 71.16% 53.40% Compare
CAAP Corporacion America Airports S.A. $4.0B 13.9× 11.8× +12.00% (above 0%: growing) +6.67% (above 0%: growing) −11.94% (below 0%: shrinking) 30.45% 19.75% Compare
ASLE AerSale Corporation $230.0M — (loss-making) — (loss-making) −33.94% (below 0%: shrinking) n/m −141.55% (below 0%: shrinking) 22.94% (6.70%) Compare
UP Wheels Up Experience Inc. $103.8M — (loss-making) — −11.16% (below 0%: shrinking) n/m +50.25% (above 0%: growing) 16.89% (30.53%)
VJET Flyte Aviation, Inc. $1.2M — (loss-making) — (loss-making) +380.66% (above 0%: growing) n/m −26.70% (below 0%: shrinking) 9.62% (388.13%) Compare
Median of peers $4.6B 15.2× 13.3× +31.37% +8.18% −11.94% 30.45% 19.75%

All 8 Airports & Air Services stocks →

Pay and ownership Proxy statement filed 24 April 2026

Ownership

Directors and executive officers, together less than 1%
Delta Air Lines, Inc. 36.40%
CK Wheels LLC 35.60%
Cox Investment Holdings LLC 11.90%
Whitebox-Kore Group 5.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Wheels Up Experience Inc. (UP) Latest News

5 Nov

Impact 3 · · PR Newswire
Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.
Impact 3 · · PR Newswire

4 Aug

Impact 3 ·

7 Jul

Impact 3 ·

1 Jul

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25 Jun

Impact 3 · · Business Wire

13 May

Impact 4 · · PR Newswire
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11 May

Impact 4 · · PR Newswire

29 Apr

Impact 4 · · Simply Wall St.
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20 Apr

Impact 3 ·

14 Apr

Impact 4 · · PR Newswire
Impact 3 · · The Motley Fool

25 Feb

Impact 4 · · Insider Monkey

19 Feb

Impact 4 · · The Motley Fool
Impact 4 ·

5 Feb

Impact 3 ·

27 Jan

Impact 4 · · PR Newswire

20 Jan

Impact 3 · · PR NewswireInsider MonkeyMT Newswires

16 Jan

Impact 4 · · Simply Wall St.

25 Dec

Impact 4 · · Insider Monkey

23 Dec

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Impact 3 · · MT Newswires

19 Dec

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17 Dec

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28 Nov

Impact 3 · · Insider MonkeyMT NewswiresSimply Wall St.Simply Wall St.StockStoryMT NewswiresInsider MonkeyMT Newswires

8 Nov

Impact 3 · · Simply Wall St.
stockrow.com/UP · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com