Wheels Up Experience (UP)
Connecting private-aviation membership and charter access with Delta travel benefits.
$3.91
vs last close+0.02 (+0.51%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 320 | 246 | 197 | 196 | 194 | 205 | 178 | 190 | 185 | 184 | 169 | 182 |
| Cost of revenue | 300 | 264 | 198 | 207 | 167 | 189 | 179 | 174 | 173 | 194 | 171 | 160 |
| Gross profit | 20 | −18 | −1 | −11 | 27 | 15 | −1 | 16 | 13 | −11 | −2 | 22 |
| 149 | 47 | 81 | 68 | 69 | 71 | 80 | 75 | 74 | 40 | 57 | 96 | |
| Research & development | 20 | 12 | 11 | 11 | 10 | 9 | 11 | 9 | 10 | 9 | 9 | 9 |
| 65 | 41 | 58 | 57 | 47 | 60 | 79 | 55 | 54 | 46 | 49 | 58 | |
| Selling & marketing | 23 | 17 | 21 | 21 | 20 | 21 | 22 | 24 | 22 | 20 | 22 | 27 |
| General & administrative | 43 | 24 | 36 | 36 | 27 | 38 | 57 | 30 | 32 | 26 | 27 | 32 |
| Other expenses | 64 | −6 | 13 | 0 | 12 | 1 | −10 | 11 | 10 | −15 | 0 | 29 |
| Operating income | −129 | −65 | −83 | −79 | −42 | −55 | −81 | −60 | −61 | −51 | −59 | −75 |
| −15 | −16 | −15 | −17 | −15 | −32 | −18 | −22 | −21 | 23 | −23 | −33 | |
| Interest income | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 |
| Interest expense | 11 | 14 | 15 | 17 | 16 | 18 | 20 | 22 | 24 | 25 | 25 | 33 |
| Other non-operating income | 4 | 1 | 0 | 1 | −1 | 14 | −1 | 0 | −2 | −48 | −2 | 0 |
| Income before tax | −144 | −80 | −98 | −97 | −57 | −87 | −99 | −81 | −82 | −28 | −82 | −107 |
| Income tax expense | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| Net income from continuing operations | −145 | −81 | −97 | −97 | −58 | −88 | −99 | −82 | −84 | −29 | −83 | −107 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −145 | −81 | −97 | −97 | −58 | −88 | −99 | −82 | −84 | −29 | −83 | −107 |
| EPS, basic | −$70.20 | −$2.80 | −$2.80 | −$2.80 | −$1.65 | −$2.60 | −$2.80 | −$2.40 | −$2.40 | −$0.80 | −$2.29 | −$2.97 |
| EPS, diluted | −$70.20 | −$2.80 | −$2.80 | −$2.80 | −$1.65 | −$2.60 | −$2.80 | −$2.40 | −$2.40 | −$0.80 | −$2.29 | −$2.97 |
| Weighted average shares, basic | 2 | 29 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 36 | 36 | 36 |
| Weighted average shares, diluted | 2 | 29 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 36 | 36 | 36 |
| EBITDA | −118 | −53 | −68 | −64 | −29 | −56 | −59 | −46 | −34 | 0 | −45 | −62 |
| Depreciation & amortization | 15 | 14 | 15 | 16 | 12 | 13 | 20 | 13 | 25 | 3 | 12 | 12 |
| EBIT | −133 | −66 | −83 | −80 | −41 | −69 | −79 | −59 | −59 | −3 | −57 | −74 |
