UP Q1 2023 Earnings — Wheels Up Experience Inc. Revenue & Financial Results | Market Cap Arena

UPWheels Up Experience Inc.

$375M

Q1 2023 Earnings

Industrials Airlines, Airports & Air Services

Income Statement

Revenue

$352M+8.0% YoY

Gross Profit

-$16M-4.7% margin

Operating Income

-$97M-27.5% margin

Net Income

-$101M-28.7% margin

EPS (Diluted)

$-3.98

QoQ Revenue Growth

-13.8%

Cash Flow

Operating Cash Flow

-$202M

Free Cash Flow

-$219M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.5B

Stockholders' Equity

$163M

Cash & Equivalents

$363M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$352M	$326M	+8.0%
Gross Profit	-$16M	-$21M	+23.1%
Operating Income	-$97M	-$93M	-4.2%
Net Income	-$101M	-$89M	-13.8%

Revenue Segments

Service, Other

$11M100%