UPWheels Up Experience Inc.

$375M

Q2 2023 Earnings

Industrials Airlines, Airports & Air Services

Income Statement

Revenue

$335M-21.3% YoY

Gross Profit

-$8M-2.4% margin

Operating Income

-$153M-45.7% margin

Net Income

-$161M-47.9% margin

EPS (Diluted)

$-6.28

QoQ Revenue Growth

-4.8%

Cash Flow

Operating Cash Flow

-$209M

Free Cash Flow

-$218M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.4B

Stockholders' Equity

$13M

Cash & Equivalents

$152M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$335M	$426M	-21.3%
Gross Profit	-$8M	$480,000	-1759.2%
Operating Income	-$153M	-$94M	-62.5%
Net Income	-$161M	-$93M	-73.1%

Revenue Segments

Service, Other

$20M100%

UP Q2 2023 Earnings — Wheels Up Experience Inc. Revenue & Financial Results | Market Cap Arena