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UP (Wheels Up Experience Inc.) Stock Financials & Earnings | Market Cap Arena
UP
Wheels Up Experience Inc.
Mkt Cap
$375M
Industrials
·
Airlines, Airports & Air Services
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$736M
Net Income (TTM)
-$294M
EPS (TTM)
-$0.42
Free Cash Flow (TTM)
-$270M
Gross Margin
2.2%
Op. Margin
-34.3%
Net Margin
-39.9%
FCF Margin
-36.7%
P/S Ratio (TTM)
0.5x
P/E Ratio (TTM)
—
YoY Rev Growth
-7.0%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$352M
-$16M
-$97M
Q2 23
$335M
-$8M
-$153M
Q3 23
$320M
$20M
-$129M
Q4 23
$246M
-$18M
-$65M
Q1 24
$197M
-$1M
-$83M
Q2 24
$196M
-$11M
-$79M
Q3 24
$194M
$27M
-$42M
Q4 24
$205M
$15M
-$55M
Q1 25
$178M
-$1M
-$81M
Q2 25
$190M
$16M
-$60M
Q3 25
$185M
$13M
-$61M
Q4 25
$184M
-$11M
-$51M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.2x
—
Q2 23
0.2x
—
Q3 23
0.3x
—
Q4 23
0.3x
—
Q1 24
0.3x
—
Q2 24
0.4x
—
Q3 24
0.5x
—
Q4 24
0.5x
—
Q1 25
0.5x
—
Q2 25
0.5x
—
Q3 25
0.5x
—
Q4 25
0.5x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$202M
-$219M
Q2 23
-$209M
-$218M
Q3 23
-$250M
-$254M
Q4 23
-$4M
-$14M
Q1 24
-$74M
-$84M
Q2 24
-$27M
-$36M
Q3 24
-$15M
-$24M
Q4 24
$38M
-$74M
Q1 25
-$48M
-$70M
Q2 25
-$63M
-$79M
Q3 25
-$37M
-$64M
Q4 25
-$17M
-$58M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$17M
Q2 23
$9M
Q3 23
$5M
Q4 23
$10M
Q1 24
$10M
Q2 24
$10M
Q3 24
$9M
Q4 24
$112M
Q1 25
$22M
Q2 25
$16M
Q3 25
$27M
Q4 25
$42M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+8.0%
+7.2%
Q2 23
-21.3%
-6.1%
Q3 23
-23.9%
-21.5%
Q4 23
-39.7%
-55.0%
Q1 24
-44.0%
-37.6%
Q2 24
-41.4%
-43.6%
Q3 24
-39.4%
-47.5%
Q4 24
-16.9%
-16.5%
Q1 25
-9.9%
-7.6%
Q2 25
-3.4%
-9.5%
Q3 25
-4.3%
+4.7%
Q4 25
-10.2%
-9.8%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$12M
3.3%
Q2 23
$7M
2.0%
Q3 23
$4M
1.1%
Q4 23
$4M
1.6%
Q1 24
$11M
5.7%
Q2 24
$14M
7.3%
Q3 24
$8M
4.1%
Q4 24
$13M
6.2%
Q1 25
$13M
7.1%
Q2 25
$8M
4.4%
Q3 25
$12M
6.7%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$16M
$39M
$26M
Q2 23
$14M
$40M
$23M
Q3 23
$20M
$43M
$23M
Q4 23
$12M
$24M
$17M
Q1 24
$11M
$36M
$21M
Q2 24
$11M
$36M
$21M
Q3 24
$10M
$27M
$20M
Q4 24
$9M
$38M
$21M
Q1 25
$11M
$57M
$22M
Q2 25
$9M
$30M
$24M
Q3 25
$10M
$32M
$22M
Q4 25
$9M
$26M
$20M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$363M
$0
$363M
Q2 23
$152M
$0
$152M
Q3 23
$245M
$0
$245M
Q4 23
$264M
$0
$264M
Q1 24
$181M
$0
$181M
Q2 24
$141M
$0
$141M
Q3 24
$116M
$0
$116M
Q4 24
$216M
$0
$216M
Q1 25
$172M
$0
$172M
Q2 25
$107M
$0
$107M
Q3 25
$125M
$0
$125M
Q4 25
$134M
$0
$134M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
25M
+2.2%
Q2 23
26M
+0.9%
Q3 23
41M
+61.4%
Q4 23
576M
+1297.0%
Q1 24
698M
+21.1%
Q2 24
697M
-0.1%
Q3 24
698M
+0.0%
Q4 24
698M
+0.0%
Q1 25
698M
+0.1%
Q2 25
699M
+0.1%
Q3 25
699M
+0.0%
Q4 25
722M
+3.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 18
—
—
FY 19
—
—
FY 20
$232M
3
FY 21
$550K
2K
FY 22
$508K
3K
FY 23
$568K
2K
FY 24
$424K
2K
FY 25
$395K
2K
marketcaparena.com