Wheels Up Experience (UP) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
792.1M
Gross Profit
2.5M
0.31%
Operating Income
-260.1M
-32.84%
Net Income
-339.6M
-42.88%
EPS (Diluted)
-$0.49
Balance Sheet Metrics
Total Assets
1.2B
Total Liabilities
1.4B
Shareholders Equity
-196.2M
Cash Flow Metrics
Operating Cash Flow
-124.7M
Free Cash Flow
-218.1M
Revenue & Profitability Trend
Wheels Up Experience Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 792.1M | 1.3B | 1.6B | 1.2B | 695.0M |
| Cost of Goods Sold | 789.6M | 1.3B | 1.6B | 1.2B | 693.3M |
| Gross Profit | 2.5M | -37.7M | -26.5M | 22.4M | 1.7M |
| Operating Expenses | 262.6M | 296.6M | 357.9M | 227.0M | 64.6M |
| Operating Income | -260.1M | -334.3M | -384.4M | -204.6M | -63.0M |
| Pre-tax Income | -338.4M | -486.0M | -555.4M | -197.2M | -85.4M |
| Income Tax | 1.2M | 1.4M | 170.0K | 58.0K | 0 |
| Net Income | -339.6M | -487.4M | -555.5M | -197.2M | -85.4M |
| EPS (Diluted) | -$0.49 | -$3.69 | -$20.60 | -$9.30 | -$3.21 |
Income Statement Trend
Wheels Up Experience Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 332.1M | 434.0M | 819.6M | 933.1M | 395.5M |
| Non-Current Assets | 825.9M | 882.0M | 1.1B | 1.0B | 964.5M |
| Total Assets | 1.2B | 1.3B | 1.9B | 2.0B | 1.4B |
| Liabilities | |||||
| Current Liabilities | 917.3M | 907.5M | 1.3B | 1.1B | 839.9M |
| Non-Current Liabilities | 437.0M | 311.2M | 327.1M | 109.8M | 226.2M |
| Total Liabilities | 1.4B | 1.2B | 1.7B | 1.2B | 1.1B |
| Equity | |||||
| Total Shareholders Equity | -196.2M | 97.4M | 251.9M | 736.2M | 293.8M |
Balance Sheet Composition
Wheels Up Experience Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -339.6M | -487.4M | -555.5M | -197.2M | -85.4M |
| Operating Cash Flow | -124.7M | -730.5M | -421.0M | 135.5M | 209.0M |
| Investing Activities | |||||
| Capital Expenditures | -39.7M | 43.9M | -72.5M | -33.3M | -7.1M |
| Investing Cash Flow | -31.7M | 57.4M | -147.5M | -25.5M | 90.0M |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | 78.7M | 301.0M | 244.8M | 371.9M | -62.8M |
| Free Cash Flow | -218.1M | -706.2M | -382.0M | 66.4M | 194.1M |
Cash Flow Trend
Wheels Up Experience Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
0.12
Forward P/E
-0.22
Price to Book
-3.36
Price to Sales
1.19
PEG Ratio
-0.22
Profitability Ratios
Profit Margin
-44.21%
Operating Margin
-39.45%
Return on Equity
173.08%
Return on Assets
-12.99%
Financial Health
Current Ratio
0.32
Debt to Equity
-1.71
Beta
2.37
Per Share Data
EPS (TTM)
-$0.49
Book Value per Share
-$0.41
Revenue per Share
$1.11
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| up | 922.5M | 0.12 | -3.36 | 173.08% | -44.21% | -1.71 |
| Joby Aviation | 7.2B | - | 7.84 | -64.96% | 50.74% | 4.73 |
| Corp America | 3.2B | 18.73 | 2.20 | 12.16% | 9.19% | 72.76 |
| Blade Air Mobility | 303.8M | -10.50 | 0.90 | -24.50% | -54.97% | 0.25 |
| AerSale | 276.5M | 56.00 | 0.68 | -1.33% | -1.78% | 41.52 |
| Blade Air Mobility | 15.9M | - | 0.05 | -24.50% | -54.97% | 0.25 |
Financial data is updated regularly. All figures are in the company's reporting currency.