UPWheels Up Experience Inc.

$375M

Q1 2024 Earnings

Industrials Airlines, Airports & Air Services

Income Statement

Revenue

$197M-44.0% YoY

Gross Profit

-$1M-0.6% margin

Operating Income

-$83M-41.9% margin

Net Income

-$97M-49.4% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

-20.0%

Cash Flow

Operating Cash Flow

-$74M

Free Cash Flow

-$84M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$1.2B

Stockholders' Equity

$12M

Cash & Equivalents

$181M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$197M	$352M	-44.0%
Gross Profit	-$1M	-$16M	+92.9%
Operating Income	-$83M	-$97M	+14.6%
Net Income	-$97M	-$101M	+3.4%

UP Q1 2024 Earnings — Wheels Up Experience Inc. Revenue & Financial Results | Market Cap Arena