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Wheels Up Experience Inc.

Wheels Up Experience Inc.UPEarnings & Financial Report

NYSE

Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.

UP Q3 2025 Key Financial Metrics

Revenue

$185.5M

Gross Profit

$12.6M

Operating Profit

$-61.3M

Net Profit

$-83.7M

Gross Margin

6.8%

Operating Margin

-33.1%

Net Margin

-45.1%

YoY Growth

-4.3%

EPS

$-0.12

Financial Flow

Wheels Up Experience Inc. Q3 2025 Financial Summary

Wheels Up Experience Inc. reported revenue of $185.5M for Q3 2025, with a net profit of $-83.7M (-45.1% margin). Cost of goods sold was $172.9M, operating expenses totaled $73.9M.

Key Financial Metrics

Total Revenue$185.5M
Net Profit$-83.7M
Gross Margin6.8%
Operating Margin-33.1%
Report PeriodQ3 2025

Wheels Up Experience Inc. Annual Revenue by Year

Wheels Up Experience Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $792.1M).

YearAnnual Revenue
2024$792.1M
2023$1.3B
2022$1.6B

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$246.4M$197.1M$196.3M$193.9M$204.8M$177.5M$189.6M$185.5M
YoY Growth-39.7%-44.0%-41.4%-39.4%-16.9%-9.9%-3.4%-4.3%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$1.32B$1.18B$1.09B$1.04B$1.16B$1.09B$1.01B$973.0M
Liabilities$1.22B$1.17B$1.16B$1.16B$1.35B$1.37B$1.35B$1.35B
Equity$97.4M$936000$-72.2M$-117.7M$-202.1M$-288.1M$-347.8M$-374.5M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$-3.8M$-73.8M$-27.0M$-15.0M$37.9M$-47.9M$-62.9M$-37.1M