UP: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, UP has $916,242K in assets. $1,381,932K in debts. $54,126K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
19.29%
Quick Ratio
19.03%
Cash Ratio
6.34%
Debt to Asset Ratio
150.83%
Unit: Thousand (K) dollars
Assets Breakdown
Operating lease right-of-use ass...
Intangible assets, net
Other non-current assets
Others
Liabilities Breakdown
Accumulated deficit
Additional paid-in capital
Deferred revenue, current
Others

Balance Sheets	2026-03-31	2025-09-30	2025-06-30
Cash and cash equivalents	54,126	125,327	107,000
Accounts receivable, net	32,315	32,389	38,705
Parts and supplies inventories	2,210	9,144	12,162
Aircraft held for sale	22,667	41,227	37,884
Prepaid expenses	27,754	25,163	22,302
Other current assets	25,718	15,026	15,618
Total current assets	164,790	248,276	233,671
Property and equipment, net	263,513	305,416	317,912
Operating lease right-of-use assets	108,035	27,999	32,163
Goodwill	208,665	209,930	224,419
Intangible assets, net	70,097	80,063	87,367
Restricted cash	34,605	30,451	34,242
Other non-current assets	66,537	70,868	75,952
Total assets	916,242	973,003	1,005,726

Current maturities of long-term debt	21,742	30,342	31,542
Accounts payable	22,857	30,858	35,362
Accrued expenses	93,487	100,695	96,101
Deferred revenue, current	687,576	711,191	727,099
Other current liabilities	28,701	14,435	12,076
Total current liabilities	854,363	887,521	902,180
Long-term debt, net	400,340	393,571	391,335
Operating lease liabilities, non-current	116,372	46,929	50,774
Other non-current liabilities	10,857	19,527	9,188
Total liabilities	1,381,932	1,347,548	1,353,477
Total mezzanine equity	-	0	0
Common stock, 0.0001 par value 75,000,000 authorized 36,322,583 and 36,179,503 issued and 36,228,699 and 36,100,887 shares outstanding as of march31, 2026 and december31, 2025, respectively	72	72	70
Additional paid-in capital	2,031,796	2,008,512	1,948,418
Accumulated deficit	-2,480,070	-2,368,237	-2,284,507
Accumulated other comprehensive loss	-7,452	-5,598	-3,084
Treasury stock, at cost, 93,884 and 78,616 shares, respectively	10,037	9,294	8,648
Total wheels up experience inc. stockholders equity	-465,691	-374,545	-347,751
Non-controlling interests	0	0	0
Total equity	-465,691	-374,545	-347,751
Total liabilities and equity	916,241	973,003	1,005,726

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets