7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $736M | -$294M | 10.0% | -27.6% | 75.0% | -30.4% | -$260M | $671M | $134M |
| 2024 | $792M | -$340M | 7.5% | -32.7% | 168.0% | -29.3% | -$201M | $761M | $216M |
| 2023 | $1.3B | -$487M | 1.7% | -35.4% | -500.4% | -37.0% | -$685M | $615M | $264M |
| 2022 | $1.6B | -$555M | 2.5% | -35.4% | -220.4% | -28.9% | -$314M | $270M | $586M |
| 2021 | $1.2B | -$190M | 6.4% | -17.0% | -26.0% | -9.6% | $111M | $0 | $785M |
| 2020 | $695M | -$79M | 8.7% | -9.1% | -29.4% | -5.8% | $203M | $211M | $313M |
| 2019 | $385M | -$96M | 11.5% | -20.3% | — | — | -$29M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $182M | -$107M | 11.9% | -40.9% | 19.1% | -11.6% | -$144M | $919M | $86M |
| Mar '26 | $169M | -$83M | 5.8% | -34.0% | 17.8% | -9.1% | -$162M | $749M | $54M |
| Dec '25 | $184M | -$29M | 14.3% | -0.9% | 7.4% | -3.0% | -$58M | $671M | $134M |
| Sep '25 | $185M | -$84M | 6.8% | -33.1% | 22.4% | -8.6% | -$60M | $767M | $125M |
| Jun '25 | $190M | -$82M | 8.3% | -31.4% | 23.7% | -8.2% | -$79M | $770M | $107M |
| Mar '25 | $178M | -$99M | 10.8% | -45.5% | 34.5% | -9.1% | -$63M | $766M | $172M |
| Dec '24 | $205M | -$88M | 13.9% | -26.0% | 43.3% | -7.6% | -$70M | $761M | $216M |
| Sep '24 | $194M | -$58M | 13.9% | -21.6% | 49.1% | -5.5% | -$22M | $597M | $116M |
| Jun '24 | $196M | -$97M | 2.3% | -40.3% | 134.4% | -8.9% | -$31M | $597M | $141M |
| Mar '24 | $197M | -$97M | -0.6% | -42.9% | -10405.2% | -8.2% | -$78M | $603M | $181M |
| Dec '23 | $246M | -$81M | -1.8% | -26.3% | -83.3% | -6.2% | -$12M | $615M | $264M |
| Sep '23 | $320M | -$145M | 6.3% | -40.3% | -99.7% | -10.9% | -$250M | $584M | $245M |
| Jun '23 | $335M | -$161M | 2.1% | -45.7% | -1252.8% | -11.6% | -$213M | $251M | $152M |
| Mar '23 | $352M | -$101M | -0.6% | -27.5% | -61.8% | -5.9% | -$211M | $263M | $363M |
| Dec '22 | $408M | -$225M | 3.1% | -54.3% | -89.3% | -11.7% | $54M | $270M | $586M |
| Sep '22 | $420M | -$149M | 4.1% | -36.1% | -33.3% | -8.5% | -$152M | — | $285M |
| Jun '22 | $426M | -$93M | 3.9% | -22.1% | -15.9% | -4.7% | -$29M | — | $427M |
| Mar '22 | $326M | -$89M | -2.2% | -28.5% | -13.4% | -4.7% | -$188M | — | $538M |
| Dec '21 | $345M | -$76M | 0.2% | -23.8% | -10.4% | -3.8% | $270M | $0 | $785M |
| Sep '21 | $302M | -$58M | 6.1% | -22.7% | -7.5% | -3.5% | -$35M | $153000 | $535M |
How the market has priced UP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Wheels Up Experience Inc.'s revenue has grown 1.2% per year. These are computed facts, not advice.
As of FY2025, Wheels Up Experience Inc. reported $671M of total debt against $134M of cash; operating income covered interest expense -2.2×.
In FY2025, gross margin was 10.0%, operating margin -27.6%, and net margin -39.9%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.