Saturday 17 October 2026 Export UP’s income statement to Excel — free account

Wheels Up Experience Inc.

Wheels Up Experience Inc.’s revenue for fiscal 2025 (year ended December 2025) was $736.5 million, down 7.02% from fiscal 2024. In the quarter to June 2026, revenue fell 4.03%, EPS fell 23.8%, free cash flow fell 115.8% and total debt rose 42.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

3.46 0.09 −2.54%

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Market cap: $128.8M
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 Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.15

Total sells 0.57

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	2	—	—	—	—	—
Sell	2	—	—	—	—	—	1	3	—	2	1	—

Insider Ownership 37.15%

Capital & Financial Ratios $m

Market Cap 128.78

Revenue 720.25

Net Income (302.81)

Free Cash Flow (177.10)

Net Debt 515.95

Current Ratio 0.28

Debt/Equity (1.07)

P/E ratio 0.00

Fwd P/E —

P/S ratio 0.17

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 98.94%

Next Y EPS Growth (41.44%)

Next Y revenue growth 140.37%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 18.23%

10-year low 10-year high

EV/Sales against its own 10 years 48.36%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	264	216	134	86
Receivables	50	33	26	28
Inventory	22	48	30	66
Other	12	11	33	21
	434	332	249	222

	2023	2024	2025	Q'26
Payables	33	30	20	27
ST’ Debt	24	32	19	21
Other	2	3	8	29
	908	917	908	785

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	169	182	—	—	—
’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)	—	—	—
’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)	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(2.29)	(2.97)	—	—	—
’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)	(2.80)	(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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	1,930.00	806.80	196.00	19.60	31.00	11.28	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	2,052.00	3,000.00	949.00	314.00	102.00	70.00
People
People	Employees	—	—	—	—	—	2,171	3,111	2,206	1,866	1,250
	Revenue/emp, $m	—	—	—	0.00	0.00	0.55	0.51	0.57	0.42	0.59
Income, $m
Income, $m	Revenue	—	—	—	385	695	1,194	1,580	1,253	792	736
	Gross margin, %	—	—	—	11.49	8.66	6.42	2.50	1.66	7.45	10.01
	EBT	—	—	—	(107)	(85)	(197)	(555)	(486)	(338)	(291)
	EBT margin, %	—	—	—	(27.77)	(12.29)	(16.51)	(35.16)	(38.78)	(42.72)	(39.47)
	Net income	—	0	—	(107)	(85)	(197)	(556)	(487)	(340)	(294)
	Depreciation	—	—	—	41	60	55	247	185	65	79
Per share, $
Per share, $	Revenue	—	—	—	741.64	855.36	1,166.38	1,286.03	189.62	22.71	20.86
	Earnings	—	—	—	(205.91)	(105.11)	(186.00)	(412.00)	(73.80)	(9.80)	(8.40)
	Cash flow	—	—	—	(47.94)	258.02	123.54	(187.80)	(100.65)	(2.23)	(4.71)
	Capex	—	—	—	(15.55)	(19.11)	(45.43)	(81.53)	4.15	(1.57)	4.38
	Free cash flow	—	—	—	(63.48)	238.92	78.11	(269.32)	(96.51)	(3.80)	(0.33)
	Book value	—	—	—	0.00	361.63	719.04	205.08	14.74	(5.79)	(11.11)
	Shares, m	—	—	—	1	1	1	1	7	35	35
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	—	0.00	0.00	0.80	0.16	0.41	1.45	0.63
	P/B	—	—	—	327.35	274.11	1.29	1.02	5.24	0.00	0.00
	EV/Sales	—	—	—	0.00	0.00	0.24	(0.05)	0.40	1.70	0.90
	EV/FCF	—	—	—	0.00	0.00	3.51	0.23	(0.79)	(10.13)	(57.46)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	(25)	210	126	(231)	(665)	(78)	(166)
	Capex	—	—	—	(8)	(16)	(47)	(100)	27	(55)	155
	Free cash flow	—	—	—	(33)	194	80	(331)	(638)	(133)	(12)
Balance, $m
Balance, $m	Working capital	—	—	—	—	(444)	(202)	(525)	(473)	(585)	(658)
	Total debt	—	—	—	—	211	115	253	259	408	335
	Net debt	—	—	—	—	(102)	(670)	(333)	(5)	192	201
	Shareholders’ equity	—	—	—	—	294	736	252	97	(202)	(392)
Returns, %
Returns, %	ROA	—	—	—	0.00	(11.56)	(11.37)	(28.44)	(30.09)	(27.46)	(27.67)
	ROIC	—	—	—	0.00	(20.48)	(190.61)	0.00	(299.51)	0.00	0.00
	ROE	—	—	—	0.00	(15.78)	(36.90)	(112.36)	(279.05)	648.70	99.03

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$10.5B	18.1×	17.5×	+16.29% (above 0%: growing)	+3.70% (above 0%: growing)	−114.80% (below 0%: shrinking)	76.22%	44.16%	Compare
ASR Grupo Aeroportuario del Sureste, S.A. de C.V.	$6.5B	12.9×	11.8×	+23.19% (above 0%: growing)	+15.26% (above 0%: growing)	+36.64% (above 0%: growing)	58.03%	40.61%	Compare
JOBY Joby Aviation, Inc.	$4.8B	— (loss-making)	— (loss-making)	+257,493.33% (above 0%: growing)	n/m	−69.99% (below 0%: shrinking)	26.76%	(675.18%)	Compare
CAAP Corporacion America Airports S.A.	$4.0B	14.1×	12.1×	+12.00% (above 0%: growing)	+6.67% (above 0%: growing)	−11.94% (below 0%: shrinking)	30.45%	19.75%	Compare
OMAB Grupo Aeroportuario del Centro Norte S.A.B. de C.V.	$3.8B	14.7×	—	+15.00% (above 0%: growing)	+18.37% (above 0%: growing)	+2.87% (above 0%: growing)	71.85%	53.49%	Compare
ASLE AerSale Corporation	$223.8M	— (loss-making)	9.8×	−33.94% (below 0%: shrinking)	n/m	−141.55% (below 0%: shrinking)	22.94%	(6.70%)	Compare
UP Wheels Up Experience Inc.	$128.8M	— (loss-making)	—	−4.03% (below 0%: shrinking)	n/m	−115.78% (below 0%: shrinking)	11.91%	(40.87%)
SOAR Volato Group, Inc.	$12.5M	— (loss-making)	—	−96.12% (below 0%: shrinking)	n/m	−153.91% (below 0%: shrinking)	69.74%	(261.14%)	Compare
Median of peers	$4.0B	14.4×	12.0×	+15.00%	+10.97%	−69.99%	58.03%	19.75%

All 8 Airports & Air Services stocks →

Wheels Up Experience Inc. (UP) key facts

Concern: Wheels Up Experience Inc.’s revenue for fiscal 2025 (year ended December 2025) was $736.5 million, down 7.02% from fiscal 2024.
Wheels Up Experience Inc. (UP) is an Airports & Air Services company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, UP traded at $3.46, a market capitalization of $128.8 million.
Return on equity was 99.0% and debt-to-equity -1.07.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −4.01 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.