Wheels Up Experience Inc. (UP)

Wheels Up Experience Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	125.33	216.43	263.91	585.88	784.57	312.8
Cash & Short-Term Investments	125.33	216.43	263.91	585.88	784.57	312.8
Cash Growth	8.13%	-17.99%	-54.95%	-25.32%	150.82%	272.18%
Accounts Receivable	32.39	32.32	38.24	112.38	79.4	50.4
Other Receivables	-	1.18	11.53	5.52	8.06	8.21
Receivables	32.39	33.5	49.77	117.91	87.46	58.6
Inventory	9.14	12.18	22.26	53.83	9.41	5.32
Prepaid Expenses	25.16	23.55	55.72	39.72	21.79	13.8
Other Current Assets	56.25	46.42	42.38	22.29	29.84	5
Total Current Assets	248.28	332.07	434.03	819.62	933.07	395.52
Property, Plant & Equipment	333.42	405.25	406.62	501.29	426.42	387.57
Goodwill	209.93	217.05	218.21	348.12	437.4	400.16
Other Intangible Assets	80.06	96.9	117.77	141.77	146.96	163.71
Long-Term Deferred Tax Assets	-	66.82	1.35	-	-	-
Long-Term Deferred Charges	0.2	0.3	0.4	1.3	1.4	0.8
Other Long-Term Assets	101.12	39.62	137.68	111.13	35.82	12.13
Total Assets	973	1,158	1,316	1,923	1,981	1,360
Accounts Payable	30.86	29.98	32.97	43.17	43.67	20.92
Accrued Expenses	100.7	89.48	102.48	148.95	107.15	71.38
Current Portion of Long-Term Debt	30.34	31.75	24	27.01	-	62.68
Current Portion of Leases	3.68	13.95	22.87	29.95	31.62	15.86
Current Unearned Revenue	711.19	749.43	723.25	1,075	933.53	651.1
Other Current Liabilities	10.75	2.69	1.94	20.02	19.07	17.98
Total Current Liabilities	887.52	917.28	907.5	1,344	1,135	839.91
Long-Term Debt	393.57	376.31	235.07	226.23	-	148.41
Long-Term Leases	46.93	50.81	54.96	82.76	83.46	56.36
Long-Term Unearned Revenue	-	0.18	0.98	1.74	1.96	1.98
Other Long-Term Liabilities	19.53	15.54	20.15	16.35	24.38	19.5
Total Liabilities	1,348	1,360	1,219	1,671	1,245	1,066
Common Stock	0.07	0.07	0.07	0	0.03	0.02
Additional Paid-In Capital	2,009	1,922	1,879	1,546	1,451	798.48
Retained Earnings	-2,368	-2,103	-1,763	-1,276	-720.71	-530.69
Treasury Stock	-9.29	-8.2	-7.72	-7.69	-	-
Comprehensive Income & Other	-5.6	-12.66	-10.7	-10.05	-	-
Total Common Equity	-374.55	-202.11	97.4	251.92	730.15	267.8
Minority Interest	-	-	-	-	6.08	26.03
Shareholders' Equity	-374.55	-202.11	97.4	251.92	736.23	293.83
Total Liabilities & Equity	973	1,158	1,316	1,923	1,981	1,360
Total Debt	474.53	472.82	336.9	365.94	115.08	283.31
Net Cash (Debt)	-349.2	-256.39	-72.99	219.94	669.5	29.49
Net Cash Growth	-	-	-	-67.15%	2169.94%	-
Net Cash Per Share	-0.50	-0.37	-0.55	8.95	32.69	1.81
Filing Date Shares Outstanding	721.71	698.79	697.32	25.13	24.42	24.53
Total Common Shares Outstanding	720.35	697.9	696.86	24.93	24.58	63.26
Working Capital	-639.25	-585.22	-473.47	-524.6	-201.96	-444.39
Book Value Per Share	-0.52	-0.29	0.14	10.10	29.70	4.23
Tangible Book Value	-664.54	-516.06	-238.58	-237.96	145.79	-296.07
Tangible Book Value Per Share	-0.92	-0.74	-0.34	-9.54	5.93	-4.68
Buildings	1.42	1.42	1.42	1.42	1.42	1.42
Machinery	385.11	454.97	489.26	577.93	491.23	478.57
Leasehold Improvements	17.11	22.88	22.9	11.93	12.58	9.56

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q