FY2025 · ended Dec 31, 2025 · Revenue $736.50M, -7.0% YoY · Filed Mar 10, 2026
Wheels Up Experience Inc. (UP) files with the SEC under industry code 4522, Air Transportation, Nonscheduled. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $736.5 million and a net loss of $294.2 million. Free cash flow was -$259.9 million. As of Sep 30, 2026 it held $51.8 million in cash and investments and $1.1 billion in total debt.
Revenue (TTM)
$699.55M
-7.6% vs year-ago TTM
Net income (TTM)
$-308.52M
+12.6% vs year-ago TTM
Operating cash flow (TTM)
$-226.71M
-106.1% vs year-ago TTM
Free cash flow (TTM)
$-435.79M
-60.3% vs year-ago TTM
EPS (TTM)
$-0.44
+74.9% vs year-ago TTM
Dividend per share
None
Shares outstanding
724.47M
+3.7% vs prior year
Net cash
$-1.08B
as of Sep 30, 2026
Operating margin
-26.3%
FY 2026
Company profile
- Industry
- Air Transportation, Nonscheduled (SIC 4522)
- Listed as
- UP (NYSE)
- Fiscal year ends
- December 31
- Headquarters
- Chamblee, GA
- SEC filer status
- Accelerated filer, Smaller reporting company
- SEC CIK
- 1819516
- Former names
- Aspirational Consumer Lifestyle Corp. (until Jul 12, 2021)
Other Air Transportation, Nonscheduled companies
- Bristow Group Inc. VTOL
- Surf Air Mobility Inc. SRFM
- Flyexclusive Inc. FLYX
- Creatd, Inc. CRTD
- SOAR AI, Inc. SOAR
- Jet.AI Inc. JTAI
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $736.5M | $792.1M | $1.3B | $1.6B | $1.2B |
| Operating income | -$203.4M | -$258.8M | -$443.6M | -$560.0M | — |
| Net income | -$294.2M | -$339.6M | -$487.4M | -$555.2M | — |
| Diluted EPS | -$0.42 | -$0.49 | -$3.69 | -$22.60 | -$9.28 |
| Operating cash flow | -$166.3M | -$77.9M | -$665.3M | -$230.7M | $126.5M |
| Free cash flow | -$259.9M | -$200.7M | -$685.5M | -$314.2M | $111.3M |
| Total assets | $968.8M | $1.2B | $1.3B | $1.9B | $2.0B |
| Total liabilities | $1.4B | $1.4B | $1.2B | $1.7B | $1.2B |
| Stockholders' equity | -$392.1M | -$202.1M | $97.4M | $251.9M | $730.2M |
| Cash and investments | $133.9M | $216.4M | $263.9M | $585.9M | $784.6M |
| Total debt | $809.3M | $826.1M | $693.2M | $382.7M | $115.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 5, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Material agreement, Results of operations, New debt, Regulation FD disclosure
|
Nov 5, 2026 | Nov 3, 2026 |
| 8-K/A |
Amended current report
Results of operations
|
Oct 9, 2026 | Jul 31, 2026 |
| 8-K |
Current report
Officer or director change
|
Aug 14, 2026 | Aug 10, 2026 |
| 10-Q | Quarterly report | Aug 5, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Material agreement, Results of operations, New debt
|
Aug 4, 2026 | Jul 31, 2026 |
All 584 Wheels Up Experience Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.