Name: UP Income Statement - Wheels Up Experience Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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UP - Wheels Up Experience Inc.

USD | NYSE | Industrials

UP Income Statement - Wheels Up Experience Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20
Revenues
Revenues	168.9	183.8	185.5	189.6	177.5	204.8	193.9	196.3	197.1	246.4	320.1	335.1	351.8	408.3	420.4	425.5

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenues
Revenues	727.9	736.5	792.1	1,253.3	1,579.8	1,194.3	695.0	384.9
Cost of Revenue	663.5	662.8	733.1	1,232.5	1,540.3	1,117.6	634.8	340.7
Gross Profit	64.4	73.7	59.0	20.8	39.4	76.6	60.2	44.2
Operating Expenses
Research & Development	37.0	38.8	40.7	61.9	57.2	33.6	21.0	14.0
Selling General & Administrative	-	-	-	-	-
Operating Income
Operating Income	(180.0)	(203.4)	(258.8)	(443.6)	(560.0)	(203.3)	(63.0)	(78.1)
Non-Operating
Interest Income	-	-	-	-	-	-	-	-
Interest Expense	95.9	90.5	65.4	41.3	7.5	9.5
Tax & Net
Income Tax Expense	3.9	3.5	1.2	1.4	0.2	0.1	0.0	0.0
Net Income From Continuing Ops	(277.9)	(294.2)	(339.6)	(487.4)	(555.5)
Per Share
EPS Basic	(7.69)	(0.42)	(0.49)	(3.69)	(22.60)	(9.28)	(0.48)	(0.93)
EPS Diluted	(7.69)	(0.42)	(0.49)	(3.69)	(22.60)	(9.28)
Supplementary Data
EBITDA	(123.9)	(142.2)	(202.2)	(406.5)	(516.5)	(169.0)	(22.2)	(39.7)
EBIT	(180.0)	(203.4)	(258.8)	(443.6)	(560.0)	(203.3)

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	8.7	8.7	10.2	9.4	10.5	9.5	9.6	10.5	11.1	11.6	20.0	14.4	15.9	14.8	16.6	14.6	11.2	9.8	8.8	8.0	7.0	-	6.0	-	-
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	22.2	20.0	22.1	24.4	22.2	21.4	20.0	21.5	21.4	17.3	22.5	23.1	25.8	29.3	30.8	33.7	23.2
General & Administrative	26.8	26.3	32.0	30.2	56.8	38.4	27.1	35.9	36.2	23.5	42.9	40.1	39.4	53.3	44.3	47.0	38.9
Depreciation & Amortization	3.6	42.9	5.0	4.6	8.7	42.1	3.7	4.5	6.2	16.8	5.6	5.7	9.0	13.3	10.6	10.1
Amortization of Intangibles	5.0	4.9	5.1	5.1	5.1	5.2	5.2	5.2	5.2	5.5	6.0	5.9	5.9	6.3	6.4	6.5	5.2
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(0.0)
Total Operating Expenses	226.3	185.6	246.8	249.2	258.3	258.1	235.8	275.3	281.6	311.3	449.1	488.0	448.5	629.8	572.0	519.6

Operating Income
Operating Income	(57.4)	(1.7)	(61.3)	(59.6)	(80.8)	(53.3)	(41.9)	(79.1)	(84.5)	(64.9)	(129.0)	(153.0)	(96.7)	(221.5)	(151.7)	(94.1)	(92.7)	(82.2)	(68.6)	(24.8)	(27.7)	-	26.1	-	-

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0	0.0	-	0.0	-	-
Interest Expense	25.3	25.0	23.5	22.1	19.9	18.1	16.0	16.7	14.6	14.2	11.3	7.7	8.1	7.5	0.0	0.0	0.0	0.0
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	(25.1)	(26.0)	(21.1)	(21.7)	(18.5)	(33.7)	(15.5)	(17.5)	(13.0)	(15.6)	(15.2)	(7.6)	(4.0)	(3.7)	3.0	1.7	3.7
Pre-Tax Income	(82.4)	(27.7)	(82.4)	(81.3)	(99.2)	(87.0)	(57.3)	(96.5)	(97.5)	(80.5)	(144.2)	(160.6)	(100.7)	(225.2)	(148.7)	(92.4)

Tax & Net
Income Tax Expense	0.5	1.1	1.3	1.0	0.1	0.5	0.4	0.4	(0.1)	0.6	0.6	(0.0)	0.2	(0.3)	0.2	0.3	0.0	0.1	0.0	0.0	0.0	-	0.0	-	-
Net Income From Continuing Ops	(83.0)	(28.9)	(83.7)	(82.3)	(99.3)	(87.5)	(57.7)	(97.0)	(97.4)	(81.1)	(144.8)	(160.6)	(100.9)	(224.9)	(148.8)	(92.8)	(89.0)
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	(83.0)	(28.9)	(83.7)	(82.3)	(99.3)	(87.5)	(57.7)	(97.0)	(97.4)	(81.1)	(144.8)	(160.6)	(100.9)	(224.9)	(148.8)	(92.8)	(89.0)
Net Income Attributable To Parent	(83.0)	(28.9)	(83.7)	(82.3)	(99.3)	(87.5)	(57.7)	(97.0)	(97.4)	(81.1)	(144.8)	(160.6)	(100.9)	(224.9)	(148.8)	(92.8)
Less: Minority Interest	0.0	-	0.0	0.0	0.0	-	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(0.4)
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	(83.0)	(28.9)	(83.7)	(82.3)	(99.3)	(87.5)	(57.7)	(97.0)	(97.4)	(81.1)	(144.8)	(160.6)	(100.9)	(224.9)	(148.8)

Per Share
EPS Basic	(2.29)	-	(0.12)	(0.12)	(2.84)	-	(0.08)	(0.14)	(0.14)	-	(3.51)	(6.28)	(3.98)	-	(6.09)	(3.80)	(0.36)	-	(0.25)	(0.15)	(0.17)	-	0.11	-	-
EPS Diluted	(2.29)	-	(0.12)	(0.12)	(2.84)	-	(0.08)	(0.14)	(0.14)	-	(3.51)	(6.28)	(3.98)	-	(6.09)	(3.80)	(0.36)	-
Shares Basic	36.1	-	703.8	699.0	34.9	-	697.7	697.5	698.0	-	41.3	25.6	25.3	-	24.4	24.4	244.6	-
Shares Diluted	36.1	-	703.8	699.0	34.9	-	697.7	697.5	698.0	-	41.3	25.6	25.3	-	24.4	24.4	244.6	-

Supplementary Data
EBITDA	(53.8)	41.2	(56.3)	(55.0)	(72.1)	(11.2)	(38.2)	(74.6)	(78.3)	(48.1)	(123.4)	(147.3)	(87.7)	(208.2)	(141.1)	(84.0)	(83.2)	(73.8)	(60.2)	(16.2)	(18.8)	-	36.1	-	-
EBIT	(57.4)	(1.7)	(61.3)	(59.6)	(80.8)	(53.3)	(41.9)	(79.1)	(84.5)	(64.9)	(129.0)	(153.0)	(96.7)	(221.5)	(151.7)	(94.1)	(92.7)	(82.2)	(68.6)