For the quarter ending 2026-03-31, UP made $168,922K in revenue. -$82,958K in net income. Net profit margin of -49.11%.
| Income Statement | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Revenue | 168,922 | 185,486 | 189,637 | 177,530 |
| Cost of revenue (exclusive of items shown separately below) | 159,196 | 172,878 | 173,955 | 158,424 |
| Technology and development | 8,739 | 10,170 | 9,358 | 10,524 |
| Sales and marketing | 22,183 | 22,084 | 24,385 | 22,161 |
| General and administrative | 26,837 | 31,982 | 30,232 | 56,817 |
| Depreciation and amortization | 11,714 | 13,926 | 13,490 | 20,210 |
| Gain on sale of aircraft held for sale | 2,508 | 3,737 | 2,203 | 6,551 |
| Loss (gain) on disposal of assets, net | -117 | 480 | -20 | 3,289 |
| Total costs and expenses | 226,278 | 246,823 | 249,237 | 258,296 |
| Change in fair value of warrant liability | - | 0 | 0 | - |
| Loss from operations | -57,356 | -61,337 | -59,600 | -80,766 |
| Gain on divestiture | - | 1,833 | 0 | - |
| Loss on extinguishment of debt | -17 | -19 | -22 | -38 |
| Interest income | 242 | 631 | 836 | 1,148 |
| Interest expense | 25,307 | 23,510 | 22,084 | 19,880 |
| Other (expense) income, net | -11 | 4 | -470 | 301 |
| Total other (expense) income | -25,093 | -21,061 | -21,740 | -18,469 |
| Loss before income taxes | -82,449 | -82,398 | -81,340 | -99,235 |
| Income tax benefit (expense) | - | - | 1,000 | - |
| Income tax expense | 509 | 1,332 | 959 | 78 |
| Net loss | -82,958 | -83,730 | -82,299 | -99,313 |
| Less net loss attributable to non-controlling interests | 0 | 0 | 0 | - |
| Net loss attributable to wheels up experience inc | -82,958 | -83,730 | -82,299 | -99,313 |
| Basic EPS | -2.29 | -0.12 | -0.12 | -0.14 |
| Diluted EPS | -2.29 | -0.12 | -0.12 | -0.14 |
| Basic Average Shares | 36,149,112 | 703,813,424 | 698,996,977 | 698,270,154 |
| Diluted Average Shares | 36,149,112 | 703,813,424 | 698,996,977 | 698,270,154 |
Wheels Up Experience Inc. (UP)
Wheels Up Experience Inc. (UP)