UPWheels Up Experience Inc.

$375M

FY 2022 Earnings

Industrials Airlines, Airports & Air Services

Income Statement

Revenue

$1.6B+32.3% YoY

Gross Profit

-$27M-1.7% margin

Operating Income

-$560M-35.4% margin

Net Income

-$555M-35.1% margin

EPS (Diluted)

$-22.60

Cash Flow

Operating Cash Flow

-$231M

Free Cash Flow

-$382M

Stock-Based Comp.

$89M

Balance Sheet

Total Assets

$2.0B

Total Liabilities

$1.7B

Stockholders' Equity

$300M

Cash & Equivalents

$586M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.2B	+32.3%
Gross Profit	-$27M	$22M	-218.2%
Operating Income	-$560M	-$203M	-175.5%
Net Income	-$555M	-$190M	-192.2%

UP FY 2022 Earnings — Wheels Up Experience Inc. Revenue & Financial Results | Market Cap Arena