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MARKETS / NYSE / UP
NYSE · AIR TRANSPORTATION, NONSCHEDULED · MID CAP

Wheels Up Experience Inc. UP

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$736.5M
▼ 7.0% YoY
$-294.2M
$-259.9M
In brief

What this company does

Wheels Up provides on-demand private aviation through a fleet of aircraft and a network of charter operators. Through a partnership with Delta Air Lines, Inc., the company's members and customers can access both private and premium commercial travel. As of December 31, 2025, Wheels Up and its consolidated subsidiaries had 1,250 employees, including 1,247 full-time employees and three part-time employees. Wheels Up's corporate headquarters is located in Chamblee, Georgia. The company generates Flight revenue from member and charter flights, Membership revenue from fees paid for its membership program, and Other revenue from activities such as cargo flights and government and defense solutions. Wheels Up was formed on July 1, 2013.

Written from the business description in WHEELS UP EXPERIENCE INC.'s annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.

Growth
USD 736.5M
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.7 · Net income -0.3
0.8B-0.2B-0.4B2019202020212022202320242025
Compound annual growth
−22.5%
+1.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−40 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -27.6% · Net -39.9%
-20%-40%2019202020212022202320242025
ROE
FY2023 · ROE -279.1%
-100%-200%2019202020212022202320242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -259.9
80.0M160.0M-250.0M-500.0M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks -45.9
4M-20M-40M202020212022202320242025

Total assetsUSD 968.8M
EquityUSD -392.1M
CashUSD 133.9M
Gross debtUSD 335.4M
Net debtUSD 201.5M
Current ratio0.27×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.70.81.31.61.20.70.4
Operating income $B−0.2−0.3−0.4−0.6−0.2−0.1−0.1
EBITDA $B··−0.4−0.5−0.2−0.0−0.0
Income tax $B0.00.00.00.00.00.00.0
Net income $B−0.3−0.3−0.5−0.6−0.2−0.1−0.1
Free cash flow $B−0.3−0.2−0.7−0.30.10.2−0.0
EPS, diluted $−0.42−0.49−3.69−22.60−9.28−0.48−0.93
Dividend / sh $·······
Payout %·······
ROE %··−279.1−113.1−38.1−29.4·
Shares out B0.720.700.700.020.250.17·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityAir Transportation, Nonscheduled
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2019

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