See more : FansUnite Entertainment Inc. (FUNFF) Income Statement Analysis – Financial Results
Complete financial analysis of Wheels Up Experience Inc. (UP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Wheels Up Experience Inc., a leading company in the Airlines, Airports & Air Services industry within the Industrials sector.
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Wheels Up Experience Inc. (UP)
About Wheels Up Experience Inc.
Wheels Up Experience Inc. provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial travel. It operates a fleet of approximately 1,500 aircraft. The company was founded in 2013 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 1.25B | 1.58B | 1.19B | 694.98M | 384.91M | 332.14M |
| Cost of Revenue | 1.29B | 1.54B | 1.12B | 634.78M | 340.67M | 276.43M |
| Gross Profit | -37.72M | 39.44M | 76.63M | 60.21M | 44.24M | 55.71M |
| Gross Profit Ratio | -3.01% | 2.50% | 6.42% | 8.66% | 11.49% | 16.77% |
| Research & Development | 61.87M | 57.24M | 33.58M | 21.01M | 13.97M | 10.20M |
| General & Administrative | 145.87M | 183.53M | 113.33M | 64.89M | 28.43M | 13.53M |
| Selling & Marketing | 88.83M | 117.11M | 80.07M | 55.12M | 40.62M | 42.05M |
| SG&A | 234.70M | 300.64M | 193.40M | 120.01M | 69.05M | 64.28M |
| Other Expenses | 109.26M | 65.94M | 54.20M | -17.85M | 39.35M | 0.00 |
| Operating Expenses | 464.37M | 423.82M | 281.18M | 123.17M | 122.37M | 108.19M |
| Cost & Expenses | 1.70B | 1.96B | 1.40B | 757.95M | 463.04M | 384.62M |
| Interest Income | 6.12M | 3.67M | 53.00K | 550.00K | 615.00K | 30.76M |
| Interest Expense | 41.26M | 7.52M | 9.52M | 22.99M | 29.36M | 0.00 |
| Depreciation & Amortization | 58.53M | 65.94M | 54.20M | 58.53M | 39.35M | 33.23M |
| EBITDA | -386.22M | -481.93M | -133.46M | -3.89M | -38.16M | -18.77M |
| EBITDA Ratio | -30.82% | -19.99% | -12.59% | -0.56% | -9.91% | -5.65% |
| Operating Income | -443.56M | -384.38M | -204.55M | -62.97M | -78.13M | -52.00M |
| Operating Income Ratio | -35.39% | -24.33% | -17.13% | -9.06% | -20.30% | -15.66% |
| Total Other Income/Expenses | -42.45M | 4.63M | 6.11M | -22.44M | -28.75M | -30.76M |
| Income Before Tax | -486.00M | -507.38M | -197.17M | -85.41M | -106.87M | -83.24M |
| Income Before Tax Ratio | -38.78% | -32.12% | -16.51% | -12.29% | -27.77% | -25.06% |
| Income Tax Expense | 1.38M | 170.00K | 58.00K | 16.23M | 18.76M | 0.00 |
| Net Income | -487.39M | -507.55M | -197.23M | -101.63M | -125.63M | -83.24M |
| Net Income Ratio | -38.89% | -32.13% | -16.51% | -14.62% | -32.64% | -25.06% |
| EPS | -3.69 | -20.66 | -9.63 | -4.14 | -5.12 | -3.39 |
| EPS Diluted | -3.69 | -20.66 | -9.63 | -4.14 | -5.12 | -3.39 |
| Weighted Avg Shares Out | 132.19M | 24.57M | 20.48M | 24.53M | 24.53M | 24.53M |
| Weighted Avg Shares Out (Dil) | 132.19M | 24.57M | 20.48M | 24.53M | 24.53M | 24.53M |
Wheels Up Finalizes New Investment with Kore Capital and Whitebox Advisors
The additional $40 million investment is expected to provide additional financial stability and working capital to execute our plans for future, profitable growth NEW YORK , Nov. 16, 2023 /PRNewswire/ -- Wheels Up Experience (NYSE: UP) today announced that it...
Wheels Up Experience Inc. (UP) Q3 2023 Earnings Call Transcript
Wheels Up Experience Inc. (NYSE:UP ) Q3 2023 Earnings Conference Call November 9, 2023 10:00 AM ET Company Participants Keith Ferguson - Investor Relations George Mattson - Chief Executive Officer Todd Smith - Chief Financial Officer & Interim Chief Executive...
Wheels Up Third Quarter Earnings Webcast Impacted by Vendor Technical Issues
NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Due to a vendor issue beyond our control, today's live webcast was not accessible for listeners. The event replay is now accessible via the Events & Presentations page of our Investor Relations website.
Wheels Up Reports Third Quarter Results
New investment and deeper alignment with Delta underscore company's improving position NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the third quarter, which ended September 30, 2023. Third Quarter 2023...
Wheels Up Creates SMB Private Jet Membership in Bid for Recurring Revenue
As more businesses take on a monthly subscription model to offer their services, even private jets are getting the membership treatment, with Wheels Up bringing more corporate customers into the fold. The on-demand private aviation company announced Tuesday (Oct.
Wheels Up Announces New Corporate Member Program, Up for Business, Designed for Small and Medium-Sized Enterprises
New program designed for businesses that spend at least $250,000 in private travel services and recognize the value of business aviation as a tool to enhance efficiency and productivity Up for Business expected to deliver greater fleet utilization during weekdays,...
Wheels Up Announces Date of Third Quarter 2023 Earnings Release and Webcast
NEW YORK , Oct. 19, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that it will release its third quarter 2023 financial results on Thursday, November 9, 2023. Management will provide a review of the quarter and business...
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Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox
The $500 million credit facility is expected to provide financial stability and serve as a strategic platform for future profitable growth Also, announces new Board of Directors structure NEW YORK , Sept. 20, 2023 /PRNewswire/ -- Wheels Up Experience (NYSE:...
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Category: Stock Reports