UP
Wheels Up Experience Inc
NYSE: UP · INDUSTRIALS · AIRPORTS & AIR SERVICES
$5.11
-17.05% today
Updated 2026-04-29
Market cap
$223.30M
P/E ratio
—
P/S ratio
0.30x
EPS (TTM)
$-8.40
Dividend yield
—
52W range
$5 – $70
Volume
2.0M
Wheels Up Experience Inc (UP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $332.14M | $384.91M | $694.98M | $1.19B | $1.58B | $1.25B | $792.10M | $736.50M |
| Revenue growth (YoY) | — | +15.9% | +80.6% | +71.8% | +32.3% | -20.7% | -36.8% | -7.0% |
| Cost of revenue | $276.43M | $380.02M | $634.77M | $1.17B | $1.61B | $1.29B | $733.08M | $719.94M |
| Gross profit | $55.71M | $4.89M | $60.21M | $22.43M | $-26.50M | $-37.72M | $59.03M | $16.55M |
| Gross margin | 16.8% | 1.3% | 8.7% | 1.9% | -1.7% | -3.0% | 7.5% | 2.2% |
| R&D | $10.20M | $13.96M | $21.01M | $33.58M | $57.24M | $61.87M | $40.69M | $38.76M |
| SG&A | $13.53M | $28.43M | $64.89M | $113.33M | $183.53M | $145.87M | $137.59M | $145.30M |
| Operating income | $-52.00M | $-78.13M | $-62.97M | $-203.28M | $-560.01M | $-443.56M | $-258.79M | $-252.29M |
| Operating margin | -15.7% | -20.3% | -9.1% | -17.0% | -35.4% | -35.4% | -32.7% | -34.3% |
| EBITDA | $-18.77M | $-38.16M | $-3.89M | $-133.46M | $-481.93M | $-386.22M | $-216.51M | $-139.07M |
| EBITDA margin | -5.7% | -9.9% | -0.6% | -11.2% | -30.5% | -30.8% | -27.3% | -18.9% |
| EBIT | $-52.00M | $-77.51M | $-62.42M | $-187.65M | $-547.86M | $-444.75M | $-273.06M | $-200.24M |
| Interest expense | $0.00 | $29.36M | $22.99M | $9.52M | $7.51M | $41.26M | $65.35M | $90.47M |
| Income tax | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-83.24M | $-96.27M | $-78.64M | $-190.02M | $-555.16M | $-487.39M | $-339.63M | $-294.22M |
| Net income growth (YoY) | — | -15.7% | +18.3% | -141.6% | -192.2% | +12.2% | +30.3% | +13.4% |
| Profit margin | -25.1% | -25.0% | -11.3% | -15.9% | -35.1% | -38.9% | -42.9% | -39.9% |