UP: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, UP has $973,003K in assets. $1,347,548K in debts. $125,327K in cash and cash equivalents.

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	125,327	107,000
Accounts receivable, net	32,389	38,705
Parts and supplies inventories	9,144	12,162
Aircraft held for sale	41,227	37,884
Prepaid expenses	25,163	22,302
Other current assets	15,026	15,618
Total current assets	248,276	233,671
Property and equipment, net	305,416	317,912
Operating lease right-of-use assets	27,999	32,163
Goodwill	209,930	224,419
Intangible assets, net	80,063	87,367
Restricted cash	30,451	34,242
Other non-current assets	70,868	75,952
Total assets	973,003	1,005,726

Current maturities of long-term debt	30,342	31,542
Accounts payable	30,858	35,362
Accrued expenses	100,695	96,101
Deferred revenue, current	711,191	727,099
Other current liabilities	14,435	12,076
Total current liabilities	887,521	902,180
Long-term debt, net	393,571	391,335
Operating lease liabilities, non-current	46,929	50,774
Other non-current liabilities	19,527	9,188
Total liabilities	1,347,548	1,353,477
Total mezzanine equity	0	0
Common stock, 0.0001par value 1,500,000,000 authorized 721,613,576 and 698,342,097 issued and 720,346,459 and 697,902,646 shares outstanding as of september30, 2025 and december31, 2024, respectively	72	70
Additional paid-in capital	2,008,512	1,948,418
Accumulated deficit	-2,368,237	-2,284,507
Accumulated other comprehensive loss	-5,598	-3,084
Treasury stock, at cost, 1,267,117 and 439,451 shares, respectively	9,294	8,648
Total wheels up experience inc. stockholders equity	-374,545	-347,751
Non-controlling interests	0	0
Total equity	-374,545	-347,751
Total liabilities and equity	973,003	1,005,726

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