← Wheels Up Experience Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $720k | $784.6m | $585.9m | $263.9m | $216.4m | $133.9m | |
| Accounts receivable, net | $50.4m | $79.4m | $112.4m | $38.2m | $32.3m | $24.2m | |
| Other receivables | $8.2m | $8.1m | $5.5m | $11.5m | $1.2m | $1.5m | |
| Parts and supplies inventories, net | $5.3m | $9.4m | $29.0m | $20.4m | $12.2m | $11.6m | |
| Prepaid expenses | $609k | $21.8m | $39.7m | $55.7m | $23.5m | $27.1m | |
| Other current assets | — | $11.7m | $13.3m | $11.9m | $10.8m | $32.5m | |
| Total current assets | $1.3m | $933.1m | $819.6m | $434.0m | $332.1m | $249.4m | |
| Property and equipment, net | $323.1m | $317.8m | $394.6m | $337.7m | $348.3m | $219.7m | |
| Goodwill | $400.2m | $437.4m | $348.1m | $218.2m | $217.0m | $209.9m | |
| Intangible assets, net | $163.7m | $147.0m | $141.8m | $117.8m | $96.9m | $75.1m | |
| Intangible liabilities, current | $2.0m | $2.0m | $2.0m | $1.5m | $1.5m | $1.5m | |
| Intangible liabilities, non-current | $16.1m | $14.1m | $12.1m | $10.7m | $9.2m | $7.6m | |
| Operating lease right-of-use assets | $64.5m | $108.6m | $106.7m | $68.9m | $56.9m | $111.9m | |
| Aircraft held for sale | — | $18.1m | $9.0m | $30.5m | $35.7m | $18.5m | |
| Restricted cash | $12.1m | $2.1m | $34.3m | $28.9m | $30.0m | $30.6m | |
| Other non-current assets | $849k | $35.1m | $78.2m | $110.5m | $76.7m | $72.3m | |
| Operating lease liabilities, current | $15.9m | $31.6m | $29.9m | $22.9m | $14.0m | $16.9m | |
| Other current liabilities | $16.0m | $17.1m | $18.0m | $416k | $1.2m | $6.8m | |
| Operating lease liabilities, non-current | $56.4m | $83.5m | $82.8m | $55.0m | $50.8m | $121.1m | |
| Warrant liability | $0 | $10.3m | $751k | $12k | $20k | $20k | |
| Other non-current liabilities | $3.4m | $30k | $3.5m | $7.0m | $485k | $8.3m | |
| Non-controlling interests | $26.0m | $6.1m | $0 | $0 | $0 | $0 | |
| Total mezzanine equity | — | — | $0 | $2.5m | $5.9m | $0 | |
| Total Wheels Up Experience Inc. stockholders’ equity | $5.0m | $730.2m | $251.9m | $97.4m | ($202.1m) | ($392.1m) | |
| Total stockholders’ equity | $293.8m | $736.2m | $251.9m | $97.4m | ($202.1m) | ($392.1m) | |
| Total assets | $241.1m | $2.0b | $1.9b | $1.3b | $1.2b | $968.8m | |
| Current maturities of long-term debt | $62.7m | $0 | $27.0m | $24.0m | $31.7m | $19.0m | |
| Accounts payable | $20.9m | $43.7m | $43.2m | $33.0m | $30.0m | $20.4m | |
| Accrued expenses | $1.1m | $107.2m | $148.9m | $102.5m | $89.5m | $104.0m | |
| Deferred revenue, current | $651.1m | $933.5m | $1.1b | $723.2m | $749.4m | $738.9m | |
| Deferred revenue, non-current | $2.0m | $2.0m | $1.7m | $983k | $180k | $0 | |
| Total current liabilities | $1.5m | $1.1b | $1.3b | $907.5m | $917.3m | $907.6m | |
| Long-term debt, net | $148.4m | $0 | $226.2m | $235.1m | $376.3m | $316.4m | |
| Total liabilities | $9.9m | $1.2b | $1.7b | $1.2b | $1.4b | $1.4b | |
| Common stock, $0.0001 par value; 1,500,000,000 authorized; 723,590,076 and 698,342,097 shares issued and 722,017,754 and 697,902,646 shares outstanding as of as of December 31, 2025 and December 31, 2024, respectively | 734 | 25k | 25k | 70k | 70k | 72k | |
| Additional paid-in capital | $6.6m | $1.5b | $1.5b | $1.9b | $1.9b | $2.0b | |
| Accumulated deficit | ($1.6m) | ($720.7m) | ($1.3b) | ($1.8b) | ($2.1b) | ($2.4b) | |
| Accumulated other comprehensive loss | — | $0 | ($10.1m) | ($10.7m) | ($12.7m) | ($5.6m) | |
| Treasury stock, at cost, 1,572,322 and 439,451 shares, respectively | — | $0 | ($7.7m) | ($7.7m) | ($8.2m) | ($9.8m) | |
| Total liabilities and equity | $241.1m | $2.0b | $1.9b | $1.3b | $1.2b | $968.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.