Wheels Up Experience Inc. (UP)

NYSE: UP · Real-Time Price · USD

0.6136

-0.0019 (-0.31%)

At close: Feb 20, 2026, 4:00 PM EST

0.6540

+0.0404 (6.58%)

Pre-market: Feb 23, 2026, 7:00 AM EST

Wheels Up Experience Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	736.5	792.1	1,253	1,580	1,194
Revenue Growth (YoY)	-7.02%	-36.80%	-20.66%	32.28%	71.84%
Cost of Revenue	629.3	721.93	1,199	1,540	1,118
Gross Profit	107.19	70.17	54.63	39.44	76.63
Selling, General & Admin	205.88	221.91	234.7	300.64	193.4
Research & Development	38.48	40.69	59.57	57.24	33.58
Operating Expenses	305.52	319.15	352.81	423.82	281.18
Operating Income	-198.33	-248.98	-298.17	-384.38	-204.55
Interest Expense	-90.47	-65.35	-41.26	-7.52	-9.52
Interest & Investment Income	3.02	2.17	6.12	3.67	0.05
Other Non Operating Income (Expenses)	-1.41	-0.73	0.08	8.48	17.95
EBT Excluding Unusual Items	-287.2	-312.88	-333.23	-379.75	-196.07
Merger & Restructuring Charges	-36.08	-3.98	-3.38	-	-
Impairment of Goodwill	-	-	-126.2	-180	-
Gain (Loss) on Sale of Assets	58.4	3.33	13.95	4.38	1.28
Asset Writedown	-25.73	-	-	-	-
Other Unusual Items	-0.12	-24.87	-37.15	-	-2.38
Pretax Income	-290.71	-338.41	-486	-555.38	-197.17
Income Tax Expense	3.5	1.23	1.38	0.17	0.06
Earnings From Continuing Operations	-294.22	-339.64	-487.39	-555.55	-197.23
Minority Interest in Earnings	-	-	-	0.39	7.21
Net Income	-294.22	-339.64	-487.39	-555.16	-190.02
Net Income to Common	-294.22	-339.64	-487.39	-555.16	-190.02
Shares Outstanding (Basic)	706	698	132	25	20
Shares Outstanding (Diluted)	706	698	132	25	20
Shares Change (YoY)	1.19%	427.79%	438.10%	19.97%	26.02%
EPS (Basic)	-0.42	-0.49	-3.69	-22.60	-9.28
EPS (Diluted)	-0.42	-0.49	-3.69	-22.60	-9.28
Free Cash Flow	-271.68	-203.11	-689.69	-354.35	79.59
Free Cash Flow Per Share	-0.39	-0.29	-5.22	-14.42	3.89
Gross Margin	14.55%	8.86%	4.36%	2.50%	6.42%
Operating Margin	-26.93%	-31.43%	-23.79%	-24.33%	-17.13%
Profit Margin	-39.95%	-42.88%	-38.89%	-35.14%	-15.91%
Free Cash Flow Margin	-36.89%	-25.64%	-55.03%	-22.43%	6.66%
EBITDA	-137.16	-210.93	-254.74	-333.05	-157.16
EBITDA Margin	-18.62%	-26.63%	-20.32%	-21.08%	-13.16%
D&A For EBITDA	61.17	38.05	43.43	51.34	47.4
EBIT	-198.33	-248.98	-298.17	-384.38	-204.55
EBIT Margin	-26.93%	-31.43%	-23.79%	-24.33%	-17.13%
Advertising Expenses	-	10.6	8	10.5	12.3

Updated Feb 19, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q