Wheels Up Experience Inc. (UP) income statement

UPNYSEAir Transportation, NonscheduledFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 2/30

$2.27−0.19 (-7.72%)

Close on Nov 13, 2026Market cap $82.35MP/E –Yield –

Wheels Up Experience Inc. income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31
Revenue	736	792	1,253	1,580	1,194	695	385
Cost of Revenue	663	733	1,233	1,540	1,118	635	341
Gross Profit	74	59	21	39	77	60	44
Research & Development	39	41	62	57	34	21	14
Selling, General & Admin	234	222	235	301	193	120	69
Selling & Marketing	89	84	89	117	80	55	41
General & Administrative	145	138	146	184	113	65	28
Advertising Expenses	9.60	11	8.00	11	12	7.20	5.00
Total Costs & Expenses	940	1,051	1,697	2,140	1,398	758	463
Operating Income	-203	-259	-444	-560	-203	-63	-78
Interest Expense	90	65	41	7.52	9.52	23	29
Other Non-Operating Income	-87	-80	-42	4.63	6.11	-22	-29
Merger & Restructuring Charges	–	–	11	–	–	–	–
Asset Impairment Charges	0	0	126	180	0	0	–
Gain (Loss) on Sale of Assets	52	4.62	17	4.38	0	–	–
Pretax Income	-291	-338	-486	-555	-197	-85	-107
Income Tax Expense	3.50	1.23	1.38	0.17	0.06	0	0
Net Income incl. Noncontrolling Interests	-294	-340	-487	-556	-197	-85	-107
Minority Interest in Earnings	–	–	0	-0.39	-7.21	-6.76	-11
Net Income	-294	-340	-487	-555	-190	-79	-96
Net Income to Common	-294	-340	-487	-555	-190	-79	-96
EPS (Basic)(per share)	-8.40	-9.80	-73.80	-452.00	-185.60	-96.00	-186.00
EPS (Diluted)(per share)	-8.40	-9.80	-73.80	-452.00	-185.60	-96.00	-186.00
Shares Outstanding (Basic, Weighted)(shares)	35	35	6.61	1.23	1.02	0.81	0.52
Shares Outstanding (Diluted, Weighted)(shares)	35	35	6.61	1.23	1.02	0.81	0.52
EBITDA	-142	-202	-385	-494	-169	-22	-40

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Sep 30, 2026

Profitability, TTM

Gross margin: 12.2%
Operating margin: -26.3%
Net margin: -44.1%
Return on equity, FY2025: 99.0%

Financial strength

Current ratio: 0.25
Debt to equity: -1.11
Debt to assets: 77.2%
Cash to current liabilities: 6.9%

Valuation

P/E ratio: –
Price to sales: 0.12
Price to book: –
Dividend yield: –

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