← Wheels Up Experience Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $384.9m |
$695.0m
+80.56%
|
$3.3m
-99.53%
|
$1.6b
+47771.52%
|
$1.3b
-20.66%
|
$792.1m
-36.80%
|
$736.5m
-7.02%
|
$720.2m
-2.21%
|
|
| Cost of revenue (exclusive of items shown separately below) | $340.7m |
$634.8m
+86.33%
|
$1.1b
+76.07%
|
$1.5b
+37.82%
|
$1.2b
-19.98%
|
$733.1m
-40.52%
|
$662.8m
-9.59%
|
$701.2m
+5.80%
|
|
| Gross Profit | $44.2m |
$60.2m
+36.09%
|
($1.1b)
-1950.87%
|
$39.4m
+103.54%
|
$20.8m
-47.23%
|
$59.0m
+183.64%
|
$73.7m
+24.92%
|
$19.1m
-74.16%
|
|
| Technology and development | $14.0m | $21.0m | $33.6m | $57.2m | $61.9m | $40.7m | $38.8m | — | |
| Sales and marketing | $40.6m | $55.1m | $80.1m | $117.1m | $88.8m | $84.3m | $88.6m | — | |
| General and administrative | $28.4m | $64.9m | $113.3m | $183.5m | $145.9m | $137.6m | $145.3m | $116.8m | |
| Total costs and expenses | $463.0m | $757.9m | $1.4b | $2.1b | $1.7b | $1.1b | $939.9m | $945.4m | |
| Loss from operations | ($78.1m) |
($1.6m)
+97.95%
|
($203.3m)
-12579.94%
|
($560.0m)
-175.49%
|
($443.6m)
+20.79%
|
($258.8m)
+41.66%
|
($203.4m)
+21.40%
|
— | |
| Interest expense | ($29.4m) | ($23.0m) | ($9.5m) | ($7.5m) | ($41.3m) | ($65.4m) | ($90.5m) | $106.8m | |
| Interest income | $615k | $550k | $53k | $3.7m | $6.1m | $2.2m | $3.0m | $1.8m | |
| Gain on sale of aircraft held for sale | $0 | $0 | ($1.3m) | ($4.4m) | ($16.9m) | ($4.6m) | ($51.8m) | — | |
| Gain (loss) on divestiture | $0 | $0 | $18.0m | $9.5m | $739k | ($8k) | $0 | — | |
| Other expense, net | — | $49k | $0 | ($1.0m) | ($660k) | ($717k) | ($1.4m) | — | |
| Total other income (expense) | ($28.7m) | ($22.4m) | $6.1m | $4.6m | ($42.4m) | ($79.6m) | ($87.3m) | — | |
| Loss before income taxes | ($106.9m) | ($85.4m) | ($197.2m) | ($555.4m) | ($486.0m) | ($338.4m) | ($290.7m) | — | |
| Income tax expense | $0 | $0 | ($58k) | ($170k) | ($1.4m) | ($1.2m) | ($3.5m) | $2.9m | |
| Net loss | ($106.9m) | ($85.4m) | ($197.2m) | ($555.5m) | ($487.4m) | ($339.6m) | ($294.2m) | — | |
| Less: Net loss attributable to non-controlling interests | ($10.6m) | ($6.8m) | $7.2m | $387k | $0 | $0 | $0 | — | |
| Net loss attributable to Wheels Up Experience Inc. | ($96.3m) | ($1.6m) | ($190.0m) | ($555.2m) | ($487.4m) | ($339.6m) | ($294.2m) | — | |
| Basic (in dollars per share) | ($1.03) | ($0.53) | ($0.96) | ($2.26) | ($3.69) | ($0.49) | ($0.42) | — | |
| Diluted (in dollars per share) | ($1.03) | ($0.53) | ($0.96) | ($2.26) | ($3.69) | ($0.49) | ($0.42) | — | |
| Depreciation and amortization | $39.4m | $58.5m | $54.2m | $65.9m | $58.5m | $56.5m | $61.2m | — | |
| (Gain) loss on disposal of assets, net | — | $0 | ($1.3m) | ($4.4m) | ($16.9m) | $3.3m | ($5.0m) | — | |
| Impairment of goodwill | — | $0 | $0 | $180.0m | $126.2m | $0 | $0 | — | |
| Loss on extinguishment of debt | — | — | $0 | $0 | ($3.0m) | $2.0m | $1.7m | — | |
| Change in fair value of warrant liability | $0 | $0 | ($2.4m) | $0 | ($4.4m) | ($17.7m) | ($119k) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.