Financials in USD. Standardized financial statements.
A compact view of how Wheels Up Experience Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $736.50M | $792.10M | $1.25B | $1.58B | $1.19B | $694.98M | $384.91M | $332.14M |
| Revenue Growth? | -7.0% | -36.8% | -20.7% | +32.3% | +71.8% | +80.6% | +15.9% | 0.0% |
| Cost of Revenue? | $719.94M | $733.08M | $1.29B | $1.61B | $1.17B | $634.77M | $380.02M | $276.43M |
| Gross Profit? | $16.55M | $59.03M | -$37.72M | -$26.50M | $22.43M | $60.21M | $4.89M | $55.71M |
| Gross Margin? | +2.2% | +7.5% | -3.0% | -1.7% | +1.9% | +8.7% | +1.3% | +16.8% |
| Operating Expenses? | $268.84M | $317.82M | $405.83M | $533.51M | $225.71M | $123.17M | $83.02M | $108.19M |
| Operating Income? | -$252.29M | -$258.79M | -$443.56M | -$560.01M | -$203.28M | -$62.97M | -$78.13M | -$52.00M |
| EBITDA? | -$139.07M | -$216.51M | -$386.22M | -$481.93M | -$133.46M | -$3.89M | -$38.16M | -$18.77M |
| Income Before Tax | -$290.71M | -$338.41M | -$486.00M | -$555.38M | -$197.17M | -$85.41M | -$106.87M | -$83.24M |
| Income Tax Expense | $3.50M | $1.23M | $1.38M | $170,000 | $58,000 | $0 | $0 | $0 |
| Net Income? | -$294.22M | -$339.63M | -$487.39M | -$555.16M | -$190.02M | -$78.64M | -$96.27M | -$83.24M |
| EPS? | $-8.40 | $-9.80 | $-31.60 | $-452.00 | $-185.60 | $-96.80 | $-186.00 | $-160.80 |
| Diluted EPS? | $-8.40 | $-9.80 | $-31.60 | $-452.00 | $-185.60 | $-96.80 | $-185.40 | $-160.40 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality