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Wheels Up Experience (UP) Financials

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$1.66 -0.02 (-0.89%)
Closing price 03:59 PM Eastern
Extended Trading
$1.68 +0.01 (+0.60%)
As of 06:39 PM Eastern
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Annual Income Statements for Wheels Up Experience

Annual Income Statements for Wheels Up Experience

This table shows Wheels Up Experience's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders
-340 -487 -555
Consolidated Net Income / (Loss)
-340 -487 -556
Net Income / (Loss) Continuing Operations
-340 -487 -556
Total Pre-Tax Income
-338 -486 -555
Total Operating Income
-259 -444 -560
Total Gross Profit
59 21 39
Total Revenue
792 1,253 1,580
Operating Revenue
792 1,253 1,580
Total Cost of Revenue
733 1,233 1,540
Operating Cost of Revenue
733 1,233 1,540
Total Operating Expenses
318 464 599
Selling, General & Admin Expense
138 146 184
Marketing Expense
84 89 117
Research & Development Expense
41 62 57
Depreciation Expense
57 59 66
Impairment Charge
0.00 126 180
Other Special Charges / (Income)
-1.33 -17 -4.38
Total Other Income / (Expense), net
-80 -42 4.63
Interest Expense
83 46 7.52
Interest & Investment Income
2.17 6.12 3.67
Other Income / (Expense), net
1.28 -2.91 8.48
Income Tax Expense
1.23 1.38 0.17
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 0.00 -0.39
Basic Earnings per Share
($0.49) ($3.69) ($22.60)
Weighted Average Basic Shares Outstanding
697.71M 132.19M 24.57M
Diluted Earnings per Share
($0.49) ($3.69) ($22.60)
Weighted Average Diluted Shares Outstanding
697.71M 132.19M 24.57M
Weighted Average Basic & Diluted Shares Outstanding
698.79M 697.32M 251.31M

Quarterly Income Statements for Wheels Up Experience

This table shows Wheels Up Experience's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-99 -88 -58 -97 -97 -81 -145 -161 -101 -225 -149
Consolidated Net Income / (Loss)
-99 -88 -58 -97 -97 -81 -145 -161 -101 -225 -149
Net Income / (Loss) Continuing Operations
-99 -88 -58 -97 -97 -81 -145 -161 -101 -225 -149
Total Pre-Tax Income
-99 -87 -57 -97 -98 -80 -144 -161 -101 -225 -149
Total Operating Income
-81 -55 -42 -79 -83 -65 -129 -153 -97 -222 -152
Total Gross Profit
19 29 27 4.60 -1.16 -4.55 20 7.16 -1.98 13 17
Total Revenue
178 205 194 196 197 246 320 335 352 408 420
Operating Revenue
178 205 194 196 197 246 320 335 352 408 420
Total Cost of Revenue
158 176 167 192 198 251 300 328 354 396 403
Operating Cost of Revenue
158 176 167 192 198 251 300 328 354 396 403
Total Operating Expenses
100 84 69 84 81 60 149 160 95 234 169
Selling, General & Admin Expense
57 38 27 36 36 24 43 40 39 53 44
Marketing Expense
22 21 20 21 21 17 23 23 26 29 31
Research & Development Expense
11 9.49 9.59 11 11 12 20 14 16 15 17
Depreciation Expense
20 13 12 16 15 14 15 15 14 19 17
Other Special Charges / (Income)
-9.84 1.35 -0.19 0.23 -2.72 -5.61 -7.84 -2.62 -0.87 -0.43 -1.32
Total Other Income / (Expense), net
-18 -32 -15 -17 -15 -15 -16 -7.62 -4.03 -3.74 3.01
Interest Expense
20 33 16 17 16 16 13 8.53 8.12 7.52 0.00
Interest & Investment Income
1.15 0.92 0.91 0.29 0.06 - - 1.87 3.82 - -
Other Income / (Expense), net
0.30 0.12 0.03 -0.16 1.28 0.83 -3.05 -0.96 0.27 1.72 1.88
Income Tax Expense
0.08 0.49 0.41 0.44 -0.11 0.63 0.58 -0.02 0.19 -0.34 0.19
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Basic Earnings per Share
($0.14) ($0.13) ($0.08) ($0.14) ($0.14) ($0.61) ($3.51) ($6.28) ($3.98) ($9.15) ($6.09)
Weighted Average Basic Shares Outstanding
698.27M 697.71M 697.72M 697.46M 697.98M 132.19M 41.26M 25.57M 25.33M 24.57M 24.44M
Diluted Earnings per Share
($0.14) ($0.13) ($0.08) ($0.14) ($0.14) ($0.61) ($3.51) ($6.28) ($3.98) ($9.15) ($6.09)
Weighted Average Diluted Shares Outstanding
698.27M 697.71M 697.72M 697.46M 697.98M 132.19M 41.26M 25.57M 25.33M 24.57M 24.44M
Weighted Average Basic & Diluted Shares Outstanding
698.87M 698.79M 697.81M 697.66M 697.30M 697.32M 166.81M 25.38M 251.61M 251.31M 247.50M

Annual Cash Flow Statements for Wheels Up Experience

This table details how cash moves in and out of Wheels Up Experience's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents
-46 -327 -167
Net Cash From Operating Activities
-78 -665 -231
Net Cash From Continuing Operating Activities
-78 -665 -231
Net Income / (Loss) Continuing Operations
-340 -487 -556
Consolidated Net Income / (Loss)
-340 -487 -556
Depreciation Expense
57 59 66
Amortization Expense
8.71 0.33 0.77
Non-Cash Adjustments To Reconcile Net Income
114 170 235
Changes in Operating Assets and Liabilities, net
82 -407 23
Net Cash From Investing Activities
-47 41 -175
Net Cash From Continuing Investing Activities
-47 41 -175
Purchase of Property, Plant & Equipment
-138 -37 -111
Acquisitions
0.00 0.00 -75
Sale of Property, Plant & Equipment
86 68 51
Divestitures
7.89 13 0.00
Other Investing Activities, net
-2.30 -3.97 -40
Net Cash From Financing Activities
79 301 245
Net Cash From Continuing Financing Activities
79 301 245
Repayment of Debt
-248 -151 -6.73
Repurchase of Common Equity
-0.49 -0.03 -7.69
Issuance of Debt
327 452 259
Other Financing Activities, net
0.00 -0.00 0.00
Effect of Exchange Rate Changes
-0.45 -3.87 -5.42
Cash Interest Paid
24 31 0.00

Quarterly Cash Flow Statements for Wheels Up Experience

This table details how cash moves in and out of Wheels Up Experience's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-39 98 -25 -40 -80 19 86 -211 -220 308 -143
Net Cash From Operating Activities
-48 38 -15 -27 -74 -3.79 -250 -209 -202 58 -148
Net Cash From Continuing Operating Activities
-48 38 -15 -27 -74 -3.79 -250 -209 -202 58 -148
Net Income / (Loss) Continuing Operations
-99 -88 -58 -97 -97 -81 -145 -161 -101 -225 -149
Consolidated Net Income / (Loss)
-99 -88 -58 -97 -97 -81 -145 -161 -101 -225 -149
Depreciation Expense
20 13 12 16 15 14 15 15 14 19 17
Amortization Expense
1.89 9.73 0.31 0.55 -1.88 -2.06 1.27 0.21 0.92 0.77 -
Non-Cash Adjustments To Reconcile Net Income
39 50 14 27 22 29 56 69 15 153 77
Changes in Operating Assets and Liabilities, net
-10 53 16 27 -12 36 -178 -133 -132 109 -93
Net Cash From Investing Activities
16 -73 1.97 4.49 20 4.25 38 10 -11 -3.52 9.37
Net Cash From Continuing Investing Activities
16 -73 1.97 4.49 20 4.25 38 10 -11 -3.52 9.37
Purchase of Property, Plant & Equipment
-18 -112 -8.71 -9.90 -7.56 -8.31 -3.23 -8.39 -17 -13 -9.21
Sale of Property, Plant & Equipment
33 38 9.78 12 26 14 29 19 5.70 9.38 15
Other Investing Activities, net
1.15 -0.10 - 0.02 -2.23 -1.83 -1.37 -0.77 0.00 -0.21 3.88
Net Cash From Financing Activities
-8.69 132 -12 -17 -24 18 302 -12 -6.75 252 -0.66
Net Cash From Continuing Financing Activities
-8.69 132 -12 -17 -24 18 302 -12 -6.75 252 -0.66
Repayment of Debt
-18 -196 -11 -17 -24 -21 -111 -12 -6.75 -6.73 -
Repurchase of Common Equity
-0.11 0.00 -0.08 -0.07 -0.34 -0.03 - - 0.00 -0.34 -0.66
Issuance of Debt
9.88 327 - - - 39 - - - 259 -
Effect of Exchange Rate Changes
1.09 0.82 -0.10 -0.15 -1.03 0.42 -3.75 -0.45 -0.09 1.97 -3.05
Cash Interest Paid
5.41 5.33 5.42 6.02 6.79 7.48 7.82 8.00 8.10 - -

Annual Balance Sheets for Wheels Up Experience

This table presents Wheels Up Experience's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets
1,158 1,316 1,923
Total Current Assets
332 434 820
Cash & Equivalents
216 264 586
Accounts Receivable
33 50 118
Inventories, net
12 22 54
Prepaid Expenses
24 56 40
Other Current Assets
46 42 22
Plant, Property, & Equipment, net
348 338 395
Total Noncurrent Assets
478 544 709
Goodwill
217 218 348
Intangible Assets
97 118 142
Other Noncurrent Operating Assets
164 208 219
Total Liabilities & Shareholders' Equity
1,158 1,316 1,923
Total Liabilities
1,354 1,216 1,671
Total Current Liabilities
917 908 1,344
Short-Term Debt
32 24 27
Accounts Payable
30 33 43
Accrued Expenses
89 102 149
Current Deferred Revenue
749 723 1,075
Other Current Liabilities
17 25 50
Total Noncurrent Liabilities
437 309 327
Long-Term Debt
376 235 226
Noncurrent Deferred Revenue
0.18 0.98 1.74
Other Noncurrent Operating Liabilities
60 73 99
Commitments & Contingencies
0.00 0.00 0.00
Redeemable Noncontrolling Interest
5.88 2.48 0.00
Total Equity & Noncontrolling Interests
-202 97 252
Total Preferred & Common Equity
-202 97 252
Total Common Equity
-202 97 252
Common Stock
1,922 1,879 1,546
Retained Earnings
-2,103 -1,763 -1,276
Treasury Stock
-8.20 -7.72 -7.69
Accumulated Other Comprehensive Income / (Loss)
-13 -11 -10
Noncontrolling Interest
0.00 0.00 0.00

Quarterly Balance Sheets for Wheels Up Experience

This table presents Wheels Up Experience's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
1,091 1,043 1,086 1,181 1,328 1,386 1,710 1,748
Total Current Assets
299 271 289 333 410 350 603 552
Cash & Equivalents
172 116 141 181 245 152 363 285
Accounts Receivable
42 32 34 52 54 89 108 136
Inventories, net
13 23 21 21 26 29 50 51
Prepaid Expenses
32 29 34 43 47 54 47 39
Other Current Assets
40 71 58 36 38 26 35 40
Plant, Property, & Equipment, net
333 267 287 322 362 401 399 388
Total Noncurrent Assets
459 505 510 526 556 635 709 808
Goodwill
219 222 218 218 215 282 350 460
Intangible Assets
92 103 107 112 123 131 136 147
Other Noncurrent Operating Assets
147 180 185 197 218 223 222 202
Total Liabilities & Shareholders' Equity
1,091 1,043 1,086 1,181 1,328 1,386 1,710 1,748
Total Liabilities
1,371 1,157 1,157 1,169 1,182 1,373 1,547 1,300
Total Current Liabilities
925 888 874 879 869 1,071 1,232 1,194
Short-Term Debt
32 30 21 22 25 27 27 -
Accounts Payable
38 35 42 46 26 52 42 49
Accrued Expenses
85 94 88 90 101 116 138 129
Current Deferred Revenue
758 711 702 698 691 829 976 966
Other Current Liabilities
13 18 21 23 26 48 49 50
Total Noncurrent Liabilities
445 269 283 291 313 303 316 106
Long-Term Debt
383 210 219 223 235 210 220 -
Other Noncurrent Operating Liabilities
63 59 65 68 77 93 95 104
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
8.22 3.49 1.09 11 - - - -
Total Equity & Noncontrolling Interests
-288 -118 -72 0.94 145 13 163 447
Total Preferred & Common Equity
-288 -118 -72 0.94 145 13 163 447
Total Common Equity
-288 -118 -72 0.94 145 13 163 447
Common Stock
1,932 1,911 1,906 1,882 1,849 1,564 1,557 1,522
Retained Earnings
-2,202 -2,015 -1,958 -1,861 -1,682 -1,537 -1,377 -1,051
Treasury Stock
-8.31 -8.20 -8.12 -8.06 -7.72 -7.69 -7.69 -7.35
Accumulated Other Comprehensive Income / (Loss)
-9.56 -5.54 -12 -12 -14 -5.83 -9.13 -17
Noncontrolling Interest
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Metrics And Ratios for Wheels Up Experience

This table displays calculated financial ratios and metrics derived from Wheels Up Experience's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics
- - -
Revenue Growth
-36.80% -20.66% 32.28%
EBITDA Growth
50.40% 20.05% -271.49%
EBIT Growth
42.32% 19.05% -197.60%
NOPAT Growth
41.66% 20.79% -175.49%
Net Income Growth
30.32% 12.27% -181.67%
EPS Growth
86.72% 83.67% -181.67%
Operating Cash Flow Growth
88.29% -188.39% -282.38%
Free Cash Flow Firm Growth
83.23% -35.21% -466.34%
Invested Capital Growth
-104.84% 217.73% -66.97%
Revenue Q/Q Growth
-4.99% -11.44% 4.17%
EBITDA Q/Q Growth
9.63% 27.54% -39.24%
EBIT Q/Q Growth
3.42% 25.86% -35.08%
NOPAT Q/Q Growth
3.66% 26.09% -33.10%
Net Income Q/Q Growth
-1.93% 22.78% -36.42%
EPS Q/Q Growth
-2.08% 75.88% -36.42%
Operating Cash Flow Q/Q Growth
34.88% -10.18% -2,345.03%
Free Cash Flow Firm Q/Q Growth
-123.14% -15.99% 0.00%
Invested Capital Q/Q Growth
-148.17% -40.99% -149.85%
Profitability Metrics
- - -
Gross Margin
7.45% 1.66% 2.50%
EBITDA Margin
-24.27% -30.93% -30.69%
Operating Margin
-32.67% -35.39% -35.45%
EBIT Margin
-32.51% -35.62% -34.91%
Profit (Net Income) Margin
-42.88% -38.89% -35.17%
Tax Burden Percent
100.36% 100.28% 100.03%
Interest Burden Percent
131.41% 108.86% 100.70%
Effective Tax Rate
0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-400.61% -4,337.97% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
-570.30% -4,233.13% 0.00%
Return on Net Nonoperating Assets (RNNOA)
1,105.58% 4,060.88% 0.00%
Return on Equity (ROE)
704.97% -277.09% -112.44%
Cash Return on Invested Capital (CROIC)
0.00% -511.65% 0.00%
Operating Return on Assets (OROA)
-20.82% -27.57% -28.25%
Return on Assets (ROA)
-27.46% -30.09% -28.46%
Return on Common Equity (ROCE)
766.11% -275.14% -111.75%
Return on Equity Simple (ROE_SIMPLE)
168.05% -500.41% -220.53%
Net Operating Profit after Tax (NOPAT)
-181 -310 -392
NOPAT Margin
-22.87% -24.77% -24.81%
Net Nonoperating Expense Percent (NNEP)
169.69% -104.83% -29.28%
Return On Investment Capital (ROIC_SIMPLE)
-87.96% -87.10% -77.60%
Cost of Revenue to Revenue
92.55% 98.34% 97.50%
SG&A Expenses to Revenue
17.37% 11.64% 11.62%
R&D to Revenue
5.14% 4.94% 3.62%
Operating Expenses to Revenue
40.12% 37.05% 37.95%
Earnings before Interest and Taxes (EBIT)
-258 -446 -552
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-192 -388 -485
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.00 5.87 1.01
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00
Price to Revenue (P/Rev)
1.45 0.46 0.16
Price to Earnings (P/E)
0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 6.00 0.00
Enterprise Value to Revenue (EV/Rev)
1.70 0.45 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
-2.08 2.59 1.01
Long-Term Debt to Equity
-1.92 2.35 0.90
Financial Leverage
-1.94 -0.96 -1.13
Leverage Ratio
-25.68 9.21 3.95
Compound Leverage Factor
-33.74 10.02 3.98
Debt to Total Capital
192.64% 72.18% 50.13%
Short-Term Debt to Total Capital
14.99% 6.69% 5.35%
Long-Term Debt to Total Capital
177.65% 65.49% 44.78%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
2.78% 0.69% 0.00%
Common Equity to Total Capital
-95.41% 27.13% 49.87%
Debt to EBITDA
-2.12 -0.67 -0.52
Net Debt to EBITDA
-1.00 0.01 0.69
Long-Term Debt to EBITDA
-1.96 -0.61 -0.47
Debt to NOPAT
-2.25 -0.83 -0.65
Net Debt to NOPAT
-1.06 0.02 0.85
Long-Term Debt to NOPAT
-2.08 -0.76 -0.58
Altman Z-Score
-2.69 -2.19 -1.29
Noncontrolling Interest Sharing Ratio
-8.67% 0.70% 0.62%
Liquidity Ratios
- - -
Current Ratio
0.36 0.48 0.61
Quick Ratio
0.27 0.35 0.52
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-82 -486 -360
Operating Cash Flow to CapEx
-149.01% 0.00% -384.20%
Free Cash Flow to Firm to Interest Expense
-0.98 -10.65 -47.85
Operating Cash Flow to Interest Expense
-0.94 -14.57 -30.70
Operating Cash Flow Less CapEx to Interest Expense
-1.57 -13.88 -38.69
Efficiency Ratios
- - -
Asset Turnover
0.64 0.77 0.81
Accounts Receivable Turnover
19.03 14.95 15.38
Inventory Turnover
42.57 32.40 48.72
Fixed Asset Turnover
2.31 3.42 4.44
Accounts Payable Turnover
23.29 32.38 35.48
Days Sales Outstanding (DSO)
19.18 24.42 23.73
Days Inventory Outstanding (DIO)
8.57 11.27 7.49
Days Payable Outstanding (DPO)
15.67 11.27 10.29
Cash Conversion Cycle (CCC)
12.09 24.41 20.93
Capital & Investment Metrics
- - -
Invested Capital
-4.60 95 -81
Invested Capital Turnover
17.52 175.11 -24.48
Increase / (Decrease) in Invested Capital
-100 176 -32
Enterprise Value (EV)
1,349 570 -78
Market Capitalization
1,151 572 255
Book Value per Share
($0.29) $0.58 $1.02
Tangible Book Value per Share
($0.74) ($1.43) ($0.96)
Total Capital
212 359 505
Total Debt
408 259 253
Total Long-Term Debt
376 235 226
Net Debt
192 -4.84 -333
Capital Expenditures (CapEx)
52 -32 60
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-770 -713 -1,083
Debt-free Net Working Capital (DFNWC)
-553 -449 -498
Net Working Capital (NWC)
-585 -473 -525
Net Nonoperating Expense (NNE)
158 177 164
Net Nonoperating Obligations (NNO)
192 -4.84 -333
Total Depreciation and Amortization (D&A)
65 59 67
Debt-free, Cash-free Net Working Capital to Revenue
-97.20% -56.92% -68.58%
Debt-free Net Working Capital to Revenue
-69.87% -35.86% -31.50%
Net Working Capital to Revenue
-73.88% -37.78% -33.21%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
($0.49) ($3.69) $0.00
Adjusted Weighted Average Basic Shares Outstanding
697.71M 132.19M 0.00
Adjusted Diluted Earnings per Share
($0.49) ($3.69) $0.00
Adjusted Weighted Average Diluted Shares Outstanding
697.71M 132.19M 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
698.79M 697.32M 0.00
Normalized Net Operating Profit after Tax (NOPAT)
-182 -234 -269
Normalized NOPAT Margin
-22.99% -18.67% -17.03%
Pre Tax Income Margin
-42.72% -38.78% -35.16%
Debt Service Ratios
- - -
EBIT to Interest Expense
-3.10 -9.78 -73.39
NOPAT to Interest Expense
-2.18 -6.80 -52.16
EBIT Less CapEx to Interest Expense
-3.73 -9.09 -81.38
NOPAT Less CapEx to Interest Expense
-2.81 -6.11 -60.15
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
-0.14% -0.01% -1.38%

Quarterly Metrics And Ratios for Wheels Up Experience

This table displays calculated financial ratios and metrics derived from Wheels Up Experience's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-9.93% -16.87% -39.42% -41.42% -43.98% -39.65% -23.86% -21.26% 8.04% 18.32% 39.20%
EBITDA Growth
13.74% 38.91% 74.76% 54.41% 16.33% 73.67% 13.47% -80.70% -8.19% -215.79% -212.42%
EBIT Growth
0.87% 14.24% 68.27% 48.46% 15.64% 70.84% 11.83% -65.81% -8.15% -187.07% -166.04%
NOPAT Growth
4.47% 15.14% 67.50% 48.24% 14.55% 70.69% 14.94% -62.54% -4.24% -169.33% -121.17%
Net Income Growth
-1.97% -7.92% 60.13% 39.62% 3.44% 63.93% 2.70% -73.13% -13.28% -193.58% -150.34%
EPS Growth
0.00% 78.69% 97.72% 97.77% 96.48% 93.33% 42.36% -65.26% -13.28% -193.58% -150.34%
Operating Cash Flow Growth
35.06% 1,100.42% 93.98% 87.10% 63.56% -106.58% -68.61% -1,003.37% -67.04% -79.33% -342.22%
Free Cash Flow Firm Growth
164.68% 127.61% 236.61% 130.49% -894.95% -80.31% -781.42% -166.21% -42.82% 0.00% 88.63%
Invested Capital Growth
-149.09% -104.84% -94.07% -72.10% 60.29% 217.73% -0.55% -37.38% -62.35% -66.97% -37.22%
Revenue Q/Q Growth
-13.32% 5.63% -1.21% -0.41% -20.00% -23.02% -4.48% -4.76% -13.83% -2.88% -1.21%
EBITDA Q/Q Growth
-81.50% -10.45% 53.94% 6.77% -20.52% 54.36% 16.80% -71.09% 59.48% -50.02% -73.75%
EBIT Q/Q Growth
-46.40% -31.17% 47.19% 2.41% -20.11% 51.47% 14.22% -59.73% 56.15% -46.74% -61.33%
NOPAT Q/Q Growth
-46.62% -31.37% 47.05% 4.11% -27.22% 49.68% 15.68% -58.29% 56.37% -46.05% -61.13%
Net Income Q/Q Growth
-13.45% -51.63% 40.47% 0.43% -20.07% 43.99% 9.83% -59.21% 55.15% -51.11% -60.45%
EPS Q/Q Growth
-7.69% -62.50% 42.86% 0.00% 77.05% 82.62% 44.11% -57.79% 55.15% -51.11% -60.45%
Operating Cash Flow Q/Q Growth
-226.36% 352.32% 44.31% 63.43% -1,846.56% 98.48% -19.43% -3.31% -451.21% 138.91% -681.51%
Free Cash Flow Firm Q/Q Growth
-7.05% -50.00% 719.75% 117.25% 60.94% -147.38% -82.98% -549.62% 108.86% -1,109.31% 44.73%
Invested Capital Q/Q Growth
-711.33% -148.17% -64.92% -64.19% -20.03% -40.99% 65.10% 105.74% 158.74% -149.85% 3.96%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
10.76% 13.94% 13.95% 2.34% -0.59% -1.84% 6.30% 2.14% -0.56% 3.09% 4.12%
EBITDA Margin
-32.87% -15.70% -15.01% -32.20% -34.39% -21.37% -36.03% -41.37% -23.03% -48.98% -31.71%
Operating Margin
-45.49% -26.90% -21.62% -40.34% -41.90% -26.35% -40.31% -45.66% -27.47% -54.26% -36.08%
EBIT Margin
-45.32% -26.84% -21.61% -40.42% -41.25% -26.01% -41.26% -45.95% -27.40% -53.84% -35.63%
Profit (Net Income) Margin
-55.94% -42.74% -29.77% -49.40% -49.41% -32.92% -45.25% -47.93% -28.67% -55.09% -35.41%
Tax Burden Percent
100.08% 100.57% 100.71% 100.46% 99.88% 100.79% 100.40% 99.99% 100.19% 99.85% 100.12%
Interest Burden Percent
123.33% 158.37% 136.81% 121.66% 119.93% 125.59% 109.22% 104.33% 104.46% 102.48% 99.25%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-1,271.62% -329.79% -147.95% -434.55% -522.19% -3,229.51% -247.25% -382.42% -356.31% 0.00% -182.43%
ROIC Less NNEP Spread (ROIC-NNEP)
-1,299.51% -382.23% -188.63% -479.95% -368.72% -3,208.37% -206.82% -351.16% -346.14% 0.00% -172.03%
Return on Net Nonoperating Assets (RNNOA)
1,487.09% 740.98% -847.38% 1,508.06% 108.69% 3,077.82% 94.11% 201.80% 273.57% 0.00% 113.80%
Return on Equity (ROE)
215.46% 411.20% -995.33% 1,073.51% -413.49% -151.70% -153.14% -180.62% -82.74% -112.44% -68.63%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% -42.83% -286.40% -533.55% -511.65% -259.59% -298.23% -364.85% 0.00% 0.00%
Operating Return on Assets (OROA)
-30.82% -17.18% -15.20% -31.39% -31.34% -20.13% -37.97% -41.51% -24.47% -43.57% -31.56%
Return on Assets (ROA)
-38.04% -27.37% -20.94% -38.36% -37.54% -25.48% -41.64% -43.30% -25.61% -44.58% -31.36%
Return on Common Equity (ROCE)
230.81% 446.86% -883.62% 1,093.66% -387.80% -150.63% -153.14% -180.62% -82.45% -111.75% -68.05%
Return on Equity Simple (ROE_SIMPLE)
118.55% 0.00% 283.18% 582.51% 0.00% 0.00% -434.58% -4,955.19% -347.68% 0.00% -91.02%
Net Operating Profit after Tax (NOPAT)
-57 -39 -29 -55 -58 -45 -90 -107 -68 -155 -106
NOPAT Margin
-31.85% -18.83% -15.14% -28.24% -29.33% -18.44% -28.21% -31.96% -19.23% -37.98% -25.26%
Net Nonoperating Expense Percent (NNEP)
27.89% 52.44% 40.68% 45.40% -153.47% -21.14% -40.42% -31.26% -10.16% -12.51% -10.40%
Return On Investment Capital (ROIC_SIMPLE)
-44.76% -18.72% - - - -12.75% - - - -30.69% -
Cost of Revenue to Revenue
89.24% 86.06% 86.05% 97.66% 100.59% 101.84% 93.70% 97.86% 100.56% 96.91% 95.88%
SG&A Expenses to Revenue
32.00% 18.72% 13.95% 18.31% 18.39% 9.55% 13.39% 11.96% 11.20% 13.06% 10.54%
R&D to Revenue
5.93% 4.63% 4.95% 5.36% 5.62% 4.71% 6.24% 4.31% 4.51% 3.63% 3.96%
Operating Expenses to Revenue
56.26% 40.83% 35.57% 42.69% 41.31% 24.50% 46.61% 47.80% 26.91% 57.35% 40.20%
Earnings before Interest and Taxes (EBIT)
-80 -55 -42 -79 -81 -64 -132 -154 -96 -220 -150
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-58 -32 -29 -63 -68 -53 -115 -139 -81 -200 -133
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 2,138.15 5.87 0.36 2.30 0.97 1.01 0.63
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.91 1.45 2.03 1.37 1.82 0.46 0.04 0.02 0.10 0.16 0.19
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 190.19 52.08 27.32 6.00 0.42 1.17 0.91 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
1.24 1.70 2.18 1.48 1.89 0.45 0.05 0.08 0.03 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
-1.48 -2.08 -2.10 -3.37 20.75 2.59 1.79 18.45 1.52 1.01 0.00
Long-Term Debt to Equity
-1.37 -1.92 -1.84 -3.08 18.86 2.35 1.62 16.39 1.35 0.90 0.00
Financial Leverage
-1.14 -1.94 4.49 -3.14 -0.29 -0.96 -0.46 -0.57 -0.79 -1.13 -0.66
Leverage Ratio
-8.48 -25.68 76.33 -42.45 16.52 9.21 5.19 5.63 4.35 3.95 2.76
Compound Leverage Factor
-10.45 -40.66 104.43 -51.65 19.82 11.56 5.67 5.88 4.54 4.05 2.74
Debt to Total Capital
308.03% 192.64% 191.01% 142.12% 95.40% 72.18% 64.22% 94.86% 60.26% 50.13% 0.00%
Short-Term Debt to Total Capital
23.53% 14.99% 23.95% 12.54% 8.67% 6.69% 6.22% 10.63% 6.58% 5.35% 0.00%
Long-Term Debt to Total Capital
284.50% 177.65% 167.06% 129.58% 86.73% 65.49% 58.00% 84.23% 53.68% 44.78% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
6.11% 2.78% 2.78% 0.65% 4.23% 0.69% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
-214.14% -95.41% -93.79% -42.77% 0.36% 27.13% 35.78% 5.14% 39.74% 49.87% 100.00%
Debt to EBITDA
-2.27 -2.12 -1.13 -0.80 -0.65 -0.67 -0.49 -0.43 -0.50 -0.52 0.00
Net Debt to EBITDA
-1.33 -1.00 -0.58 -0.33 -0.17 0.01 -0.03 -0.15 0.24 0.69 0.00
Long-Term Debt to EBITDA
-2.09 -1.96 -0.99 -0.73 -0.60 -0.61 -0.44 -0.38 -0.45 -0.47 0.00
Debt to NOPAT
-2.32 -2.25 -1.27 -0.96 -0.82 -0.83 -0.62 -0.54 -0.63 -0.65 0.00
Net Debt to NOPAT
-1.36 -1.06 -0.66 -0.39 -0.21 0.02 -0.04 -0.19 0.29 0.85 0.00
Long-Term Debt to NOPAT
-2.14 -2.08 -1.11 -0.88 -0.74 -0.76 -0.56 -0.48 -0.56 -0.58 0.00
Altman Z-Score
-2.74 -2.11 -1.87 -1.84 -1.03 -1.23 -1.42 -1.44 -0.75 -0.72 -0.57
Noncontrolling Interest Sharing Ratio
-7.12% -8.67% 11.22% -1.88% 6.21% 0.70% 0.00% 0.00% 0.34% 0.62% 0.84%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.32 0.36 0.31 0.33 0.38 0.48 0.47 0.33 0.49 0.61 0.46
Quick Ratio
0.23 0.27 0.17 0.20 0.26 0.35 0.34 0.23 0.38 0.52 0.35
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
57 61 122 15 -86 -221 -89 -49 11 -123 -10
Operating Cash Flow to CapEx
0.00% 51.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1,834.57% 1,743.86% 0.00%
Free Cash Flow to Firm to Interest Expense
2.85 1.85 7.48 0.85 -5.31 -13.99 -6.78 -5.73 1.34 -16.32 0.00
Operating Cash Flow to Interest Expense
-2.41 1.15 -0.92 -1.54 -4.54 -0.24 -18.93 -24.53 -24.94 7.67 0.00
Operating Cash Flow Less CapEx to Interest Expense
-1.65 -1.09 -0.86 -1.43 -3.41 0.15 -16.99 -23.25 -26.30 7.23 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.68 0.64 0.70 0.78 0.76 0.77 0.92 0.90 0.89 0.81 0.89
Accounts Receivable Turnover
16.54 19.03 19.33 15.58 13.79 14.95 14.86 14.07 16.50 15.38 14.08
Inventory Turnover
41.66 42.57 33.25 37.59 30.66 32.40 35.58 41.34 52.59 48.72 49.56
Fixed Asset Turnover
2.36 2.31 2.65 2.79 3.05 3.42 3.77 3.83 4.12 4.44 4.32
Accounts Payable Turnover
16.59 23.29 26.67 20.01 24.50 32.38 36.96 25.96 33.32 35.48 32.61
Days Sales Outstanding (DSO)
22.07 19.18 18.88 23.43 26.46 24.42 24.57 25.93 22.12 23.73 25.92
Days Inventory Outstanding (DIO)
8.76 8.57 10.98 9.71 11.91 11.27 10.26 8.83 6.94 7.49 7.37
Days Payable Outstanding (DPO)
22.00 15.67 13.68 18.24 14.90 11.27 9.88 14.06 10.96 10.29 11.19
Cash Conversion Cycle (CCC)
8.83 12.09 16.18 14.90 23.47 24.41 24.95 20.70 18.10 20.93 22.10
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
-37 -4.60 9.55 27 76 95 161 98 47 -81 162
Invested Capital Turnover
39.93 17.52 9.77 15.39 17.80 175.11 8.76 11.97 18.53 -24.48 7.22
Increase / (Decrease) in Invested Capital
-113 -100 -152 -70 29 176 -0.89 -58 -79 -32 -96
Enterprise Value (EV)
957 1,349 1,816 1,417 2,076 570 68 114 43 -78 -4.36
Market Capitalization
706 1,151 1,688 1,318 2,001 572 53 29 159 255 281
Book Value per Share
($0.41) ($0.29) ($0.17) ($0.10) $0.00 $0.58 $5.72 $0.05 $0.66 $1.02 $1.83
Tangible Book Value per Share
($0.86) ($0.74) ($0.63) ($0.57) ($0.47) ($1.43) ($7.58) ($1.59) ($1.31) ($0.96) ($0.65)
Total Capital
135 212 125 169 257 359 406 249 411 505 447
Total Debt
414 408 240 240 245 259 261 237 247 253 0.00
Total Long-Term Debt
383 376 210 219 223 235 235 210 220 226 0.00
Net Debt
243 192 124 98 64 -4.84 16 85 -116 -333 -285
Capital Expenditures (CapEx)
-15 74 -1.07 -1.97 -18 -6.09 -26 -11 11 3.31 -5.49
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-767 -770 -703 -706 -704 -713 -679 -846 -965 -1,083 -928
Debt-free Net Working Capital (DFNWC)
-595 -553 -587 -564 -524 -449 -434 -694 -602 -498 -642
Net Working Capital (NWC)
-627 -585 -617 -585 -546 -473 -459 -721 -629 -525 -642
Net Nonoperating Expense (NNE)
43 49 28 42 40 36 55 54 33 70 43
Net Nonoperating Obligations (NNO)
243 192 124 98 64 -4.84 16 85 -116 -333 -285
Total Depreciation and Amortization (D&A)
22 23 13 16 14 11 17 15 15 20 17
Debt-free, Cash-free Net Working Capital to Revenue
-99.26% -97.20% -84.32% -73.52% -64.12% -56.92% -47.97% -55.83% -60.07% -68.58% -61.19%
Debt-free Net Working Capital to Revenue
-77.01% -69.87% -70.42% -58.78% -47.66% -35.86% -30.67% -45.82% -37.46% -31.50% -42.36%
Net Working Capital to Revenue
-81.11% -73.88% -74.02% -60.98% -49.68% -37.78% -32.45% -47.57% -39.14% -33.21% -42.36%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.14) ($0.13) ($0.08) ($0.14) ($0.14) ($0.61) ($3.51) ($6.28) ($4.00) ($91.50) $0.00
Adjusted Weighted Average Basic Shares Outstanding
698.27M 697.71M 697.72M 697.46M 697.98M 132.19M 41.26M 25.57M 25.33M 2.46M 0.00
Adjusted Diluted Earnings per Share
($0.14) ($0.13) ($0.08) ($0.14) ($0.14) ($0.61) ($3.51) ($6.28) ($4.00) ($91.50) $0.00
Adjusted Weighted Average Diluted Shares Outstanding
698.27M 697.71M 697.72M 697.46M 697.98M 132.19M 41.26M 25.57M 25.33M 2.46M 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 ($0.13) $0.00 $0.00 $0.00 ($0.61) $0.00 $0.00 $0.00 ($91.50) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
698.87M 698.79M 697.81M 697.66M 697.30M 697.32M 166.81M 25.38M 25.16M 25.13M 0.00
Normalized Net Operating Profit after Tax (NOPAT)
-63 -38 -29 -55 -60 -49 -56 -60 -68 -155 -64
Normalized NOPAT Margin
-35.73% -18.36% -15.21% -28.16% -30.30% -20.04% -17.64% -17.88% -19.40% -38.05% -15.15%
Pre Tax Income Margin
-55.90% -42.50% -29.56% -49.18% -49.47% -32.67% -45.06% -47.93% -28.62% -55.17% -35.36%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-4.04 -1.67 -2.57 -4.54 -5.00 -4.05 -10.01 -18.05 -11.87 -29.25 0.00
NOPAT to Interest Expense
-2.84 -1.17 -1.80 -3.17 -3.56 -2.87 -6.84 -12.56 -8.33 -20.63 0.00
EBIT Less CapEx to Interest Expense
-3.29 -3.90 -2.50 -4.43 -3.87 -3.67 -8.06 -16.77 -13.23 -29.69 0.00
NOPAT Less CapEx to Interest Expense
-2.09 -3.40 -1.73 -3.06 -2.42 -2.49 -4.90 -11.28 -9.69 -21.07 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-0.08% -0.14% -6.66% -5.26% -4.56% -0.01% -1.12% -1.22% -1.46% -1.38% -1.80%

Frequently Asked Questions About Wheels Up Experience's Financials

When does Wheels Up Experience's financial year end?

According to the most recent income statement we have on file, Wheels Up Experience's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Wheels Up Experience's net income changed over the last 2 years?

Wheels Up Experience's net income appears to be on a downward trend, with a most recent value of -$339.64 million in 2024, falling from -$555.55 million in 2022. The previous period was -$487.39 million in 2023.

What is Wheels Up Experience's operating income?
Wheels Up Experience's total operating income in 2024 was -$258.79 million, based on the following breakdown:
  • Total Gross Profit: $59.03 million
  • Total Operating Expenses: $317.82 million
How has Wheels Up Experience revenue changed over the last 2 years?

Over the last 2 years, Wheels Up Experience's total revenue changed from $1.58 billion in 2022 to $792.10 million in 2024, a change of -49.9%.

How much debt does Wheels Up Experience have?

Wheels Up Experience's total liabilities were at $1.35 billion at the end of 2024, a 11.4% increase from 2023, and a 19.0% decrease since 2022.

How much cash does Wheels Up Experience have?

In the past 2 years, Wheels Up Experience's cash and equivalents has ranged from $216.43 million in 2024 to $585.88 million in 2022, and is currently $216.43 million as of their latest financial filing in 2024.

How has Wheels Up Experience's book value per share changed over the last 2 years?

Over the last 2 years, Wheels Up Experience's book value per share changed from 1.02 in 2022 to -0.29 in 2024, a change of -128.5%.



This page (NYSE:UP) was last updated on 5/27/2025 by MarketBeat.com Staff
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