Wheels Up Experience (UP) Financials

$0.82 +0.02 (+2.20%)

As of 12:46 PM Eastern

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-143	308	-220	-211	86	19	-80	-40	-25	98
Net Cash From Operating Activities	-148	58	-202	-209	-250	-3.79	-74	-27	-15	38
Net Cash From Continuing Operating Activities	-148	58	-202	-209	-250	-3.79	-74	-27	-15	38
Net Income / (Loss) Continuing Operations	-149	-225	-101	-161	-145	-81	-97	-97	-58	-88
Consolidated Net Income / (Loss)	-149	-225	-101	-161	-145	-81	-97	-97	-58	-88
Depreciation Expense	17	19	14	15	15	14	15	16	12	13
Amortization Expense	-	0.77	0.92	0.21	1.27	-2.06	-1.88	0.55	0.31	9.73
Non-Cash Adjustments To Reconcile Net Income	77	153	15	69	56	29	22	27	14	50
Changes in Operating Assets and Liabilities, net	-93	109	-132	-133	-178	36	-12	27	16	53
Net Cash From Investing Activities	9.37	-3.52	-11	10	38	4.25	20	4.49	1.97	-73
Net Cash From Continuing Investing Activities	9.37	-3.52	-11	10	38	4.25	20	4.49	1.97	-73
Purchase of Property, Plant & Equipment	-9.21	-13	-17	-8.39	-3.23	-8.31	-7.56	-9.90	-8.71	-112
Sale of Property, Plant & Equipment	15	9.38	5.70	19	29	14	26	12	9.78	38
Divestitures	-	-	0.00	-	13	-	3.40	2.50	0.90	1.09
Other Investing Activities, net	3.88	-0.21	0.00	-0.77	-1.37	-1.83	-2.23	0.02	-	-0.10
Net Cash From Financing Activities	-0.66	252	-6.75	-12	302	18	-24	-17	-12	132
Net Cash From Continuing Financing Activities	-0.66	252	-6.75	-12	302	18	-24	-17	-12	132
Repayment of Debt	-	-6.73	-6.75	-12	-111	-21	-24	-17	-11	-196
Repurchase of Common Equity	-0.66	-0.34	0.00	-	-	-0.03	-0.34	-0.07	-0.08	0.00
Issuance of Debt	-	259	-	-	-	39	-	-	-	327
Effect of Exchange Rate Changes	-3.05	1.97	-0.09	-0.45	-3.75	0.42	-1.03	-0.15	-0.10	0.82
Cash Interest Paid	-	-	8.10	8.00	7.82	7.48	6.79	6.02	5.42	5.33

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

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

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

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

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

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

Frequently Asked Questions About Wheels Up Experience's Financials

When does Wheels Up Experience's fiscal year end?

According to the most recent income statement we have on file, Wheels Up Experience's financial year ends in December. Their financial 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%.

Remove Ads

Related Companies

This page (NYSE:UP) was last updated on 4/15/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Wheels Up Experience (UP) Financials

Frequently Asked Questions About Wheels Up Experience's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Wheels Up Experience (UP) Financials

Annual Income Statements for Wheels Up Experience

Quarterly Income Statements for Wheels Up Experience

Annual Cash Flow Statements for Wheels Up Experience

Quarterly Cash Flow Statements for Wheels Up Experience

Annual Balance Sheets for Wheels Up Experience

Quarterly Balance Sheets for Wheels Up Experience

Annual Metrics and Ratios for Wheels Up Experience

Quarterly Metrics and Ratios for Wheels Up Experience

Frequently Asked Questions About Wheels Up Experience's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools