Wheels Up Experience Inc. (UP) — Financial statements
Income statement, balance sheet, and cash flow for Wheels Up Experience Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 736↓7.0% | 792↓36.8% | 1,253↓20.7% | 1,580↑32.3% | 1,194 | |
| Cost of Revenue | 720↓1.8% | 733↓43.2% | 1,291↓19.6% | 1,606↑37.1% | 1,172 | |
| Gross Profit | 17↓72.0% | 59↑256.5% | -38↓42.3% | -27↓218.2% | 22 | |
| Operating Expenses | ||||||
| R&D Expenses | 39↓4.7% | 41↓34.2% | 62↑8.1% | 57↑70.5% | 34 | |
| General & Administrative Expenses | 145↑5.6% | 138↓5.7% | 146↓20.5% | 184↑61.9% | 113 | |
| Selling & Marketing Expenses | 89↑5.1% | 84↓5.1% | 89↓24.1% | 117↑46.3% | 80 | |
| SG&A Expenses | 234↑5.4% | 222↓5.4% | 235↓21.9% | 301↑55.4% | 193 | |
| Other Expenses | -4↓107.0% | 55↓49.5% | 109↓37.8% | 176↑13874.5% | -1 | |
| Operating Expenses | 269↓15.4% | 318↓21.7% | 406↓23.9% | 534↑136.4% | 226 | |
| Total Costs & Expenses | 989↓5.9% | 1,051↓38.1% | 1,697↓20.7% | 2,140↑53.1% | 1,398 | |
| Operating Results | ||||||
| Operating Income | -252↑2.5% | -259↑41.7% | -444↑20.8% | -560↓175.5% | -203 | |
| Depreciation & Amortization | 61↑8.2% | 57↓3.4% | 59↓11.2% | 66↑21.7% | 54 | |
| EBITDA | -139↑35.8% | -217↑43.9% | -386↑19.9% | -482↓261.1% | -133 | |
| EBIT | -200↑26.7% | -273↑38.6% | -445↑18.8% | -548↓192.0% | -188 | |
| Interest & Other Income | ||||||
| Net Interest Income | -87↓38.4% | -63↓79.8% | -35↓813.8% | -4↑59.4% | -9 | |
| Interest Income | 3↑39.2% | 2↓64.5% | 6↑66.8% | 4↑6824.5% | 0.05 | |
| Interest Expense | 90↑38.4% | 65↑58.4% | 41↑449.0% | 8↓21.1% | 10 | |
| Non-Operating Income | -52↓464.8% | 14↑1096.8% | 1↑109.8% | -12↑22.3% | -16 | |
| Other Income / Expenses | -38↑51.7% | -80↓87.6% | -42↓1016.8% | 5↓24.2% | 6 | |
| Income Before Tax | -291↑14.1% | -338↑30.4% | -486↑12.5% | -555↓181.7% | -197 | |
| Income Tax Expense | 4↑185.7% | 1↓11.4% | 1↑713.5% | 0.17↑193.1% | 0.06 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -294↑13.4% | -340↑30.3% | -487↑12.3% | -556↓181.7% | -197 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -294↑13.4% | -340↑30.3% | -487↑12.2% | -555↓192.2% | -190 | |
| Bottom-Line Net Income | -294↑13.4% | -340↑30.3% | -487↑12.2% | -555↓192.2% | -190 | |
| EPS (Basic) | -8.40↑14.3% | -9.80↑69.0% | -31.60↑93.0% | -452.00↓143.5% | -185.60 | |
| EPS (Diluted) | -8.40↑14.3% | -9.80↑69.0% | -31.60↑93.0% | -452.00↓143.5% | -185.60 | |
| Weighted Average Shares | 35↑1.2% | 35↑125.9% | 15↑1157.1% | 1↑20.0% | 1 | |
| Weighted Average Diluted Shares | 35↑1.2% | 35↑125.9% | 15↑1157.1% | 1↑20.0% | 1 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.