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Stocks · Industrials · Air Transportation, Nonscheduled

Wheels Up Experience Inc.

UP Clue Score21
United States Fiscal year ends December CIK 0001819516
$3.81 -2.06% Close, 9 Oct 2026
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Price $3.81 −48.02% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 Nov 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue384.9Operating income−78.1Net income−96.3EPS, diluted−0.93Fiscal year 2020Revenue695.0 +80.6%Operating income−63.0Net income−78.6EPS, diluted−0.48Fiscal year 2021Revenue1,194.3 +71.8%Operating income−203.3Net income−190.0EPS, diluted−9.28Fiscal year 2022Revenue1,579.8 +32.3%Operating income−560.0Net income−555.2EPS, diluted−22.60Fiscal year 2023Revenue1,253.3 −20.7%Operating income−443.6Net income−487.4EPS, diluted−3.69Fiscal year 2024Revenue792.1 −36.8%Operating income−258.8Net income−339.6EPS, diluted−0.49Fiscal year 2025Revenue736.5 −7.0%Operating income−203.4Net income−294.2EPS, diluted−0.42
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 384.9 695.0 1,194.3 1,579.8 1,253.3 792.1 736.5
Growth +80.6% +71.8% +32.3% −20.7% −36.8% −7.0%
Operating income −78.1 −63.0 −203.3 −560.0 −443.6 −258.8 −203.4
Net income −96.3 −78.6 −190.0 −555.2 −487.4 −339.6 −294.2
Growth
EPS, diluted −0.93 −0.48 −9.28 −22.60 −3.69 −0.49 −0.42

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin−20.3%Net margin−25.0%Free cash flow margin−7.5%Fiscal year 2020Operating margin−9.1%Net margin−11.3%Free cash flow margin29.1%Fiscal year 2021Operating margin−17.0%Net margin−15.9%Free cash flow margin9.3%Fiscal year 2022Operating margin−35.4%Net margin−35.1%Free cash flow margin−19.9%Fiscal year 2023Operating margin−35.4%Net margin−38.9%Free cash flow margin−54.7%Fiscal year 2024Operating margin−32.7%Net margin−42.9%Free cash flow margin−25.3%Fiscal year 2025Operating margin−27.6%Net margin−39.9%Free cash flow margin−35.3%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −20.3% −9.1% −17.0% −35.4% −35.4% −32.7% −27.6%
Net margin −25.0% −11.3% −15.9% −35.1% −38.9% −42.9% −39.9%
Free cash flow margin −7.5% 29.1% 9.3% −19.9% −54.7% −25.3% −35.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−24.9Capital expenditure−4.1Free cash flow−29.0Fiscal year 2020Operating cash flow209.6Capital expenditure−7.1Free cash flow202.5Buybacks0.0Fiscal year 2021Operating cash flow126.5Capital expenditure−15.2Free cash flow111.3 −45.1%Buybacks0.0Fiscal year 2022Operating cash flow−230.7Capital expenditure−83.6Free cash flow−314.2 −382.5%Buybacks−7.7Fiscal year 2023Operating cash flow−665.3Capital expenditure−20.2Free cash flow−685.5Buybacks−0.0Fiscal year 2024Operating cash flow−77.9Capital expenditure−122.8Free cash flow−200.7Buybacks−0.5Fiscal year 2025Operating cash flow−166.3Capital expenditure−93.6Free cash flow−259.9Buybacks−1.6
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −24.9 209.6 126.5 −230.7 −665.3 −77.9 −166.3
Capital expenditure −4.1 −7.1 −15.2 −83.6 −20.2 −122.8 −93.6
Free cash flow −29.0 202.5 111.3 −314.2 −685.5 −200.7 −259.9
Growth −45.1% −382.5%
Buybacks n/a 0.0 0.0 −7.7 −0.0 −0.5 −1.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash96.4Shareholders’ equity−56.3Fiscal year 2020Cash312.8Total debt211.1Net cash (debt)101.7Shareholders’ equity267.8Debt to equity0.79Fiscal year 2021Cash784.6Total debt0.0Net cash (debt)784.6Shareholders’ equity730.2Debt to equity0.00Fiscal year 2022Cash585.9Total debt253.2Net cash (debt)332.6Shareholders’ equity251.9Debt to equity1.01Fiscal year 2023Cash263.9Total debt259.1Net cash (debt)4.8Shareholders’ equity97.4Debt to equity2.66Fiscal year 2024Cash216.4Total debt408.1Net cash (debt)−191.6Shareholders’ equity−202.1Fiscal year 2025Cash133.9Total debt335.4Net cash (debt)−201.5Shareholders’ equity−392.1
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 96.4 312.8 784.6 585.9 263.9 216.4 133.9
Total debt n/a 211.1 0.0 253.2 259.1 408.1 335.4
Net cash (debt) n/a 101.7 784.6 332.6 4.8 −191.6 −201.5
Shareholders’ equity −56.3 267.8 730.2 251.9 97.4 −202.1 −392.1
Debt to equity n/a 0.79 0.00 1.01 2.66 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−20.3% −9.1% −17.0% −35.4% −35.4% −32.7% −27.6%
−27.8% −12.3% −16.5% −35.2% −38.8% −42.7% −39.5%
−25.0% −11.3% −15.9% −35.1% −38.9% −42.9% −39.9%
−7.5% 29.1% 9.3% −19.9% −54.7% −25.3% −35.3%
Spending
3.6% 3.0% 2.8% 3.6% 4.9% 5.1% 5.3%
7.4% 9.3% 9.5% 11.6% 11.6% 17.4% 19.7%
1.1% 1.0% 1.3% 5.3% 1.6% 15.5% 12.7%
Returns
n/a −29.4% −26.0% −220.4% −500.4% n/a n/a
n/a −5.8% −9.6% −28.9% −37.0% −29.3% −30.4%
Balance and payout
n/a 0.79 0.00 1.01 2.66 n/a n/a
n/a 78.4% 62.8% 86.9% 92.4% 116.9% 140.5%
n/a 0.0% 0.0% n/a n/a n/a n/a