Wheels Up Experience Inc. balance sheet UP

Annual Quarterly

As of Sep 30, 2026, Wheels Up Experience Inc. had total assets of $916.5 million and total liabilities of $1.6 billion. Total assets were down 5.8% from a year earlier. Stockholders' equity was negative, at -$637.2 million, because liabilities exceed assets. It held $51.8 million in cash and investments against $1.1 billion of total debt, net debt of $1.1 billion. The current ratio, current assets divided by current liabilities, was 0.25.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	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	FY 2020 Dec 31, 2020
Assets
Cash	52 -58.7%	134 -38.1%	216 -18.0%	264 -55.0%	586 -25.3%	785 +150.8%	313
Cash and investments	52 -58.7%	134 -38.1%	216 -18.0%	264 -55.0%	586 -25.3%	785 +150.8%	313
Receivables	30 -7.0%	24 -25.0%	32 -15.4%	38 -66.0%	112 +41.6%	79	—
Inventory	2 -77.5%	12 -4.9%	12 -40.3%	20 -29.7%	29 +208.2%	9	—
Total current assets	191 -23.0%	249 -24.9%	332 -23.5%	434 -47.0%	820 -12.2%	933 +135.9%	396
Property and equipment, net	256 -16.3%	220 -36.9%	348 +3.1%	338 -14.4%	395 +24.1%	318	—
Goodwill	209 -0.4%	210 -3.3%	217 -0.5%	218 -37.3%	348 -20.4%	437	—
Total assets	917 -5.8%	969 -16.3%	1,158 -12.0%	1,316 -31.6%	1,923 -2.9%	1,981 +45.7%	1,360
Liabilities and equity
Accounts payable	19 -38.6%	20 -31.8%	30 -9.1%	33 -23.6%	43 -1.2%	44	—
Total current liabilities	755 -15.0%	908 -1.1%	917 +1.1%	908 -32.5%	1,344 +18.4%	1,135 +35.1%	840
Total liabilities	1,554 +15.3%	1,361 +0.5%	1,354 +11.4%	1,216 -27.2%	1,671 +34.3%	1,245 +16.8%	1,066
Stockholders' equity	-637 -70.1%	-392 -94.0%	-202 -307.5%	97 -61.3%	252 -65.5%	730 +172.6%	268
Debt
Debt due within a year	326 -12.7%	355 -7.8%	385 +1.3%	380 +768.8%	44	—	—
Long-term debt	684 +73.8%	316 -15.9%	376 +60.1%	235 +3.9%	226	0	—
Lease liabilities	125 +127.9%	138 +113.0%	65 -16.8%	78 -30.9%	113 -2.1%	115	—
Total debt	1,135 +38.1%	809 -2.0%	826 +19.2%	693 +81.1%	383 +232.6%	115	—
Net cash	-1,083 -55.6%	-675 -10.8%	-610 -42.0%	-429 -311.3%	203 -69.7%	669	—
Ratios
Current ratio	0.25x	0.27x	0.36x	0.48x	0.61x	0.82x	0.47x
Debt to equity	—	—	—	7.12x	1.52x	0.16x	—
Return on equity	—	—	—	-500.41%	-220.37%	-26.02%	-29.37%
Return on assets	-33.66%	-30.37%	-29.33%	-37.03%	-28.87%	-9.59%	-5.78%
Book value per share	-17.54	-10.86	-0.29	0.14	10.10	2.97	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

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

All 7 Air Transportation, Nonscheduled companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.