Wheels Up Experience Inc. (UP)

NYSE: UP · Air Transportation, Nonscheduled · Chamblee, GA · filing with the SEC since 2020

Grade2.9

◀ Past 2.5● Present 2.8▶ Future 3.6

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Report filed	Mar 10, 2026	Mar 11, 2025	Mar 7, 2024	Mar 31, 2023	Mar 10, 2022	Mar 15, 2021	·
Revenue	736,495,000	792,104,000	1,253,317,000	1,579,760,000	1,194,259,000	694,981,000	384,912,000
Cost of revenue	662,755,000	733,075,000	1,232,506,000	1,540,325,000	1,117,633,000	634,775,000	340,673,000
Research and development	38,762,000	40,690,000	61,873,000	57,240,000	33,579,000	21,010,000	13,965,000
Sales and marketing	88,643,000	84,317,000	88,828,000	117,110,000	80,071,000	55,124,000	40,624,000
General and administrative	145,300,000	137,594,000	145,873,000	183,531,000	113,331,000	64,885,000	28,426,000
Total costs and expenses	939,908,000	1,050,895,000	1,696,874,000	2,139,767,000	1,397,537,000	757,947,000	463,040,000
Operating income	-203,413,000	-258,791,000	-443,557,000	-560,007,000	-203,278,000	-62,966,000	-78,128,000
Interest expense	90,470,000	65,352,000	41,255,000	7,515,000	9,519,000	22,989,000	29,360,000
Interest and investment income	·	2,200,000	6,100,000	3,700,000^r	100,000^r	550,000	615,000
Other income (expense), net	-1,413,000	-717,000	-660,000	-1,041,000	0	0	·
Total non-operating income (expense)	-87,301,000	-79,618,000	-42,447,000	4,630,000	6,106,000	-22,439,000	-28,745,000
Income before income taxes	-290,714,000	-338,409,000	-486,004,000	-555,377,000	-197,172,000	-85,405,000	-106,873,000
Income tax expense	3,503,000	1,226,000	1,383,000	170,000	58,000	0	0
Net income including non-controlling interests	-294,217,000	-339,635,000	-487,387,000	-555,547,000	-197,230,000	-85,405,000	-106,873,000
Net income to non-controlling interests	·	·	0	-387,000	-7,210,000	-6,764,000	-10,599,000
Net income	-294,217,000	-339,635,000	-487,387,000	-555,160,000	-190,020,000	-78,641,000	-96,274,000
Net income to common shareholders	-294,217,000	-339,635,000	-487,387,000	-555,160,000	-190,020,000	-78,641,000	-96,274,000
Earnings per share, basic	-0.42	-0.49	-3.69	-22.60^r	-9.28^r	-4.80^b	-9.30^b
Earnings per share, diluted	-0.42	-0.49	-3.69	-22.60^r	-9.28^r	-4.80^b	-9.30^b
Weighted average shares, basic	705,991,790	697,713,626	132,194,747	24,567,164^r	20,478,090^r	16,250,523^b	10,380,338^b
Weighted average shares, diluted	705,991,790	697,713,626	132,194,747	24,567,164^r	20,478,090^r	16,250,523^b	10,380,338^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-10 reverse split of Jun 2023.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNonoperating

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton UP · research, not advice