What is WHEELS UP EXPERIENCE WTS's earnings per share (EPS)?

WHEELS UP EXPERIENCE WTS (WSUPW) reported diluted earnings per share of -$0.42 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

WHEELS UP EXPERIENCE WTS (WSUPW) Financials

WSUPW

Trailing 12 months to March 31, 2026

Revenue $727.9M -5.8% YoY

Net Income -$277.8M +18.6% YoY

EPS (Diluted) -$0.42 FY2025 annual

Free Cash Flow -$359.3M -93.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 11, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WSUPW SEC filings page.

WHEELS UP EXPERIENCE WTS (WSUPW) reported $727.9M in revenue over the twelve months to Mar 31, 2026, down 5.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WSUPW FY2025 2026-08-29

Improving gross margin has not fixed the model: losses remain, financing costs rise, and liquidity tightens against shrinking revenue.

From FY2023 to FY2025, revenue fell from $1.3B to $736M while gross margin improved from 1.7% to 10.0%. That combination points to better direct-cost economics or mix, but the improvement has not overcome overhead: operating margin improved to -27.6%, while the net margin reached -40.0% as interest expense rose to $90.5M.

FY2025’s net loss was -$294M versus operating cash flow of -$166M, a narrower cash shortfall partly reflecting noncash expenses rather than profitable operations. Capital spending of $93.6M then pushed free cash flow to -$260M, showing that reinvestment still consumes substantial cash.

The balance sheet has moved from thin liquidity to negative equity: the current ratio fell from 0.5x in FY2023 to 0.3x in FY2025, while liabilities reached $1.4B against assets of $969M. FY2025 financing cash flow was -$98.5M while investing cash flow was $180M, so reported cash movement was driven more by investing inflows than fresh financing.

Financial Health Signals

Financial health score not available

WHEELS UP EXPERIENCE WTS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Neutral

4/9

WHEELS UP EXPERIENCE WTS passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

WHEELS UP EXPERIENCE WTS reported a net loss of $294.2M while operations used $166.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

WHEELS UP EXPERIENCE WTS reported an operating loss of $203.4M against $90.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$168.9M

YoY-4.8%

QoQ-8.1%

5Y CAGR-8.4%

WHEELS UP EXPERIENCE WTS generated $168.9M in revenue in Q1 2026. This represents a decrease of 4.8% from the same quarter a year earlier. Against the prior quarter it is down 8.1%.

EBITDA

-$53.8M

YoY+25.4%

QoQ-230.6%

WHEELS UP EXPERIENCE WTS's EBITDA was -$53.8M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.4% from the same quarter a year earlier. Against the prior quarter it is down 230.6%.

Net Income

-$83.0M

YoY+16.5%

QoQ-187.5%

WHEELS UP EXPERIENCE WTS reported -$83.0M in net income in Q1 2026. This represents an increase of 16.5% from the same quarter a year earlier. Against the prior quarter it is down 187.5%.

EPS (Diluted)

-$2.29

YoY+19.4%

WHEELS UP EXPERIENCE WTS earned -$2.29 per diluted share (EPS) in Q1 2026. This represents an increase of 19.4% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow

-$162.0M

YoY-158.7%

QoQ-178.1%

WHEELS UP EXPERIENCE WTS recorded an outflow of $162.0M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 158.7% from the same quarter a year earlier. Against the prior quarter it is down 178.1%.

Cash & Debt

$54.1M

YoY-68.5%

QoQ-59.6%

5Y CAGR-24.1%

WHEELS UP EXPERIENCE WTS held $54.1M in cash against $400.3M in long-term debt as of Q1 2026.

Shares Outstanding

724M

YoY+3.7%

WHEELS UP EXPERIENCE WTS had 724M shares outstanding in Q1 2026. This represents an increase of 3.7% from the same quarter a year earlier.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin

5.8%

YoY-5.0pp

QoQ-8.6pp

5Y change-4.6pp

WHEELS UP EXPERIENCE WTS's gross margin was 5.8% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.6 percentage points.

Operating Margin

-34.0%

YoY+11.5pp

QoQ-33.0pp

5Y change-23.4pp

WHEELS UP EXPERIENCE WTS's operating margin was -34.0% in Q1 2026, reflecting core business profitability. This is up 11.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 33.0 percentage points.

Net Margin

-49.1%

YoY+6.8pp

QoQ-33.4pp

5Y change-37.9pp

WHEELS UP EXPERIENCE WTS's net profit margin was -49.1% in Q1 2026, showing the share of revenue converted to profit. This is up 6.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 33.4 percentage points.

Return on Equity

Not reported for Q1 2026.

Capital Allocation

R&D Spending

$8.7M

YoY-17.0%

QoQ+0.3%

5Y CAGR+4.5%

WHEELS UP EXPERIENCE WTS invested $8.7M in research and development in Q1 2026. This represents a decrease of 17.0% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Share Buybacks

$201K

YoY+84.4%

QoQ-63.0%

WHEELS UP EXPERIENCE WTS spent $201K on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 84.4% from the same quarter a year earlier. Against the prior quarter it is down 63.0%.

Capital Expenditures

$62.4M

YoY+324.1%

QoQ+56.3%

5Y CAGR+93.9%

WHEELS UP EXPERIENCE WTS invested $62.4M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 324.1% from the same quarter a year earlier. Against the prior quarter it is up 56.3%.

WSUPW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WSUPW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19
Revenue	$727.9M	$736.5M-7.0%	$792.1M-36.8%	$1.3B-20.7%	$1.6B+32.3%	$1.2B+71.8%	$695.0M+80.6%	$384.9M
Cost of Revenue	$663.5M	$662.8M-9.6%	$733.1M-40.5%	$1.2B-20.0%	$1.5B+37.8%	$1.1B+76.1%	$634.8M+86.3%	$340.7M
Gross Profit	$64.4M	$73.7M+24.9%	$59.0M+183.6%	$20.8M-47.2%	$39.4M-48.5%	$76.6M+27.3%	$60.2M+36.1%	$44.2M
R&D Expenses	$37.0M	$38.8M-4.7%	$40.7M-34.2%	$61.9M+8.1%	$57.2M+70.5%	$33.6M+59.8%	$21.0M+50.4%	$14.0M
SG&A Expenses	$115.3M	$145.3M+5.6%	$137.6M-5.7%	$145.9M-20.5%	$183.5M+61.9%	$113.3M+74.7%	$64.9M+128.3%	$28.4M
Operating Income	-$180.0M	-$203.4M+21.4%	-$258.8M+41.7%	-$443.6M+20.8%	-$560.0M-175.5%	-$203.3M-222.8%	-$63.0M+19.4%	-$78.1M
EBITDA	N/A	-$142.2M+29.7%	-$202.2M+50.2%	-$406.5M+21.3%	-$516.5M-205.7%	-$169.0M-662.3%	-$22.2M+44.2%	-$39.7M
Interest Expense	$95.9M	$90.5M+38.4%	$65.4M+58.4%	$41.3M+449.0%	$7.5M-21.1%	$9.5M-58.6%	$23.0M-21.7%	$29.4M
Income Tax	$3.9M	$3.5M+185.7%	$1.2M-11.4%	$1.4M+713.5%	$170K+193.1%	$58K	$0	$0
Net Income	-$277.8M	-$294.2M+13.4%	-$339.6M+30.3%	-$487.4M+12.2%	-$555.2M-192.2%	-$190.0M-141.6%	-$78.6M+18.3%	-$96.3M
EPS (Basic)	N/A	-$0.42+14.3%	-$0.49+86.7%	-$3.69+83.7%	-$22.60-143.5%	-$9.28-1833.3%	-$0.48+48.4%	-$0.93
EPS (Diluted)	—	-$0.42	-$0.49	-$3.69	-$22.60	-$9.28	-$0.48	-$0.93
Diluted Shares (Avg)	N/A	706M	698M	132M	25M	20M	163M	104M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$168.9M-4.8%	$183.8M-10.2%	$185.5M-4.3%	$189.6M-3.4%	$177.5M-9.9%	$204.8M-16.9%	$193.9M-39.4%	$196.3M-41.4%
Cost of Revenue	$159.2M+0.5%	$157.5M-10.6%	$172.9M+3.6%	$174.0M-9.3%	$158.4M-20.1%	$176.3M-29.8%	$166.9M-44.4%	$191.7M-41.5%
Gross Profit	$9.7M-49.1%	$26.3M-7.7%	$12.6M-53.4%	$15.7M+241.3%	$19.1M+1748.5%	$28.5M+728.1%	$27.0M+34.0%	$4.6M-35.8%
R&D Expenses	$8.7M-17.0%	$8.7M-8.2%	$10.2M+6.0%	$9.4M-11.1%	$10.5M-5.0%	$9.5M-18.3%	$9.6M-51.9%	$10.5M-27.0%
SG&A Expenses	$26.8M-52.8%	$26.3M-31.5%	$32.0M+18.2%	$30.2M-15.9%	$56.8M+56.8%	$38.4M+62.9%	$27.1M-36.9%	$35.9M-10.3%
Operating Income	-$57.4M+29.0%	-$1.7M+96.8%	-$61.3M-46.5%	-$59.6M+24.6%	-$80.8M+4.5%	-$53.3M+17.8%	-$41.9M+67.6%	-$79.1M+48.3%
EBITDA	-$53.8M+25.4%	$41.2M+468.1%	-$56.3M-47.6%	-$55.0M+26.2%	-$72.1M+8.0%	-$11.2M+76.8%	-$38.2M+69.1%	-$74.6M+49.4%
Interest Expense	$25.3M+27.3%	$25.0M+38.2%	$23.5M+46.6%	$22.1M+32.5%	$19.9M+36.6%	$18.1M+27.2%	$16.0M+42.5%	$16.7M+117.6%
Income Tax	$509K+552.6%	$1.1M+129.6%	$1.3M+228.9%	$959K+117.5%	$78K+168.4%	$494K-21.8%	$405K-30.1%	$441K+2856.3%
Net Income	-$83.0M+16.5%	-$28.9M+67.0%	-$83.7M-45.0%	-$82.3M+15.1%	-$99.3M-2.0%	-$87.5M-7.9%	-$57.7M+60.1%	-$97.0M+39.6%
EPS (Basic)	-$2.29+19.4%	N/A	-$0.12-50.0%	-$0.12+14.3%	-$2.84-1928.6%	N/A	-$0.08+97.7%	-$0.14+97.8%
EPS (Diluted)	-$2.29+19.4%	N/A	-$0.12-50.0%	-$0.12+14.3%	-$2.84	N/A	-$0.08	-$0.14
Diluted Shares (Avg)	36M+3.5%	N/A	704M+0.9%	699M+0.2%	35M	N/A	698M	697M

WSUPW Balance Sheet

WSUPW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19
Total Assets	$968.8M-16.3%	$1.2B-12.0%	$1.3B-31.6%	$1.9B-2.9%	$2.0B+45.7%	$1.4B	N/A
Current Assets	$249.4M-24.9%	$332.1M-23.5%	$434.0M-47.0%	$819.6M-12.2%	$933.1M+135.9%	$395.5M	N/A
Cash & Equivalents	$133.9M-38.1%	$216.4M-18.0%	$263.9M-55.0%	$585.9M-25.3%	$784.6M+150.8%	$312.8M+224.3%	$96.4M
Short-Term Investments	$0	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	$11.6M-4.9%	$12.2M-40.3%	$20.4M-29.7%	$29.0M+208.2%	$9.4M+76.9%	$5.3M	N/A
Accounts Receivable	$24.2M-25.0%	$32.3M-15.4%	$38.2M-66.0%	$112.4M+41.6%	$79.4M+57.6%	$50.4M	N/A
Long-Term Investments	$0	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$209.9M-3.3%	$217.0M-0.5%	$218.2M-37.3%	$348.1M-20.4%	$437.4M+9.3%	$400.2M+10622.4%	$3.7M
Total Liabilities	$1.4B+0.5%	$1.4B+11.4%	$1.2B-27.2%	$1.7B+34.3%	$1.2B+16.8%	$1.1B	N/A
Current Liabilities	$907.6M-1.1%	$917.3M+1.1%	$907.5M-32.5%	$1.3B+18.4%	$1.1B+35.1%	$839.9M	N/A
Non-Current Liabilities	$453.4M+3.8%	$437.0M+41.6%	$308.7M-5.6%	$327.1M+197.9%	$109.8M-51.5%	$226.2M	N/A
Long-Term Debt	$316.4M-15.9%	$376.3M+60.1%	$235.1M+3.9%	$226.2M	$0-100.0%	$148.4M	N/A
Total Equity	-$392.1M-94.0%	-$202.1M-307.5%	$97.4M-61.3%	$251.9M-65.5%	$730.2M+172.6%	$267.8M+576.1%	-$56.3M
Retained Earnings	-$2.4B-14.0%	-$2.1B-19.3%	-$1.8B-38.2%	-$1.3B-77.0%	-$720.7M-35.8%	-$530.7M	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$916.2M-16.0%	$968.8M-16.3%	$973.0M-6.7%	$1.0B-7.4%	$1.1B-7.6%	$1.2B-12.0%	$1.0B-21.4%	$1.1B-21.6%
Current Assets	$164.8M-44.9%	$249.4M-24.9%	$248.3M-8.5%	$233.7M-19.1%	$298.8M-10.2%	$332.1M-23.5%	$271.3M-33.8%	$288.8M-17.5%
Cash & Equivalents	$54.1M-68.5%	$133.9M-38.1%	$125.3M+8.1%	$107.0M-24.4%	$171.8M-5.0%	$216.4M-18.0%	$115.9M-52.7%	$141.5M-6.8%
Inventory	$2.2M-82.6%	$11.6M-4.9%	$9.1M-59.4%	$12.2M-42.7%	$12.7M-38.1%	$12.2M-40.3%	$22.5M-6.0%	$21.2M-9.3%
Accounts Receivable	$32.3M-22.7%	$24.2M-25.0%	$32.4M+1.1%	$38.7M+13.8%	$41.8M-1.2%	$32.3M-15.4%	$32.0M-31.5%	$34.0M-60.2%
Goodwill	$208.7M-4.9%	$209.9M-3.3%	$209.9M-5.6%	$224.4M+3.1%	$219.5M+0.9%	$217.0M-0.5%	$222.5M+3.6%	$217.7M-22.9%
Total Liabilities	$1.4B+0.8%	$1.4B+0.5%	$1.3B+16.4%	$1.4B+16.9%	$1.4B+17.2%	$1.4B+11.4%	$1.2B-2.1%	$1.2B-15.7%
Current Liabilities	$854.4M-7.7%	$907.6M-1.1%	$887.5M-0.1%	$902.2M+3.2%	$925.4M+5.3%	$917.3M+1.1%	$888.4M+2.2%	$874.1M-18.4%
Non-Current Liabilities	$527.6M+18.4%	$453.4M+3.8%	$460.0M+71.1%	$451.3M+59.3%	$445.5M+53.2%	$437.0M+41.6%	$268.9M-14.2%	$283.2M-6.4%
Long-Term Debt	$400.3M+4.6%	$316.4M-15.9%	$393.6M+87.8%	$391.3M+79.0%	$382.8M+71.8%	$376.3M+60.1%	$209.6M-11.0%	$218.6M+4.1%
Total Equity	-$465.7M-61.6%	-$392.1M-94.0%	-$374.5M-218.3%	-$347.8M-382.0%	-$288.1M-30880.6%	-$202.1M-307.5%	-$117.7M-181.0%	-$72.2M-662.9%
Retained Earnings	-$2.5B-12.6%	-$2.4B-14.0%	-$2.4B-17.5%	-$2.3B-16.7%	-$2.2B-18.4%	-$2.1B-19.3%	-$2.0B-19.8%	-$2.0B-27.3%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

WSUPW Cash Flow Statement

WSUPW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19
Operating Cash Flow	-$218.0M	-$166.3M-113.5%	-$77.9M+88.3%	-$665.3M-188.4%	-$230.7M-282.4%	$126.5M-39.7%	$209.6M+942.7%	-$24.9M
Depreciation & Amortization	N/A	$61.2M+8.2%	$56.5M+52.4%	$37.1M-14.7%	$43.5M+26.8%	$34.3M-15.9%	$40.8M+6.3%	$38.4M
Stock-Based Compensation	N/A	$45.4M-1.2%	$46.0M+79.4%	$25.6M-71.2%	$89.0M+79.1%	$49.7M+1386.3%	$3.3M+77.6%	$1.9M
Capital Expenditures	$141.3M	$93.6M-23.8%	$122.8M+508.9%	$20.2M-75.9%	$83.6M+448.5%	$15.2M+114.3%	$7.1M+71.5%	$4.1M
Free Cash Flow	-$359.3M	-$259.9M-29.5%	-$200.7M+70.7%	-$685.5M-118.1%	-$314.2M-382.5%	$111.3M-45.1%	$202.5M+797.8%	-$29.0M
Investing Cash Flow	$125.6M	$180.4M+486.4%	-$46.7M-214.2%	$40.9M+123.3%	-$175.2M-353.2%	-$38.7M-147.4%	$81.6M+297.5%	-$41.3M
Financing Cash Flow	-$26.4M	-$98.5M-225.2%	$78.7M-73.9%	$301.0M+22.9%	$244.8M-34.6%	$374.0M+695.7%	-$62.8M-171.9%	$87.4M
Dividends Paid	N/A	$0	$0	$0	$0	$0	$0	$0
Share Buybacks	$1.7M	$1.6M+236.7%	$485K+1632.1%	$28K-99.6%	$7.7M	$0	$0	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	-$99.6M-107.9%	-$18.4M-148.4%	-$37.1M-120.2%	-$62.9M-149.9%	-$47.9M+35.1%	$37.9M+1100.4%	-$16.9M+93.3%	-$25.2M+88.0%
Depreciation & Amortization	$3.6M-58.6%	$42.9M+1.7%	$5.0M+35.1%	$4.6M+2.2%	$8.7M+40.3%	$42.1M+150.9%	$3.7M-33.9%	$4.5M-21.1%
Stock-Based Compensation	$11.4M-10.1%	N/A	$12.5M+58.5%	$8.3M-41.9%	$12.7M+12.9%	N/A	$7.9M+124.8%	$14.3M+116.1%
Capital Expenditures	$62.4M+324.1%	$39.9M-63.1%	$23.3M+357.9%	$15.8M+180.9%	$14.7M+265.6%	$108.1M+1276.0%	$5.1M+4479.3%	$5.6M+62.6%
Free Cash Flow	-$162.0M-158.7%	-$58.3M+17.0%	-$60.4M-175.3%	-$78.6M-155.6%	-$62.6M+19.5%	-$70.2M-502.5%	-$21.9M+91.2%	-$30.8M+85.5%
Investing Cash Flow	-$38.7M-339.9%	$137.0M+288.3%	$23.5M+1094.4%	$3.8M-15.3%	$16.1M-17.8%	-$72.7M-1811.1%	$2.0M-94.8%	$4.5M-55.6%
Financing Cash Flow	$63.4M+830.2%	-$109.9M-183.5%	$28.9M+350.2%	-$8.9M+48.1%	-$8.7M+64.3%	$131.6M+640.2%	-$11.6M-103.8%	-$17.1M-43.2%
Dividends Paid	$0	N/A	N/A	N/A	$0	$0	$0	$0
Share Buybacks	$201K+84.4%	$543K+54200.0%	$895K+991.5%	$86K+30.3%	$109K-67.8%	-$1K-96.4%	$82K	$66K

WSUPW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WSUPW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19
Gross Margin	10.0%+2.6pp	7.4%+5.8pp	1.7%-0.8pp	2.5%-3.9pp	6.4%-2.2pp	8.7%-2.8pp	11.5%
Operating Margin	-27.6%+5.0pp	-32.7%+2.7pp	-35.4%+0.1pp	-35.4%-18.4pp	-17.0%-8.0pp	-9.1%+11.2pp	-20.3%
Net Margin	-40.0%+2.9pp	-42.9%-4.0pp	-38.9%-3.8pp	-35.1%-19.2pp	-15.9%-4.6pp	-11.3%+13.7pp	-25.0%
Return on Equity	N/A	N/A	-500.4%-280.1pp	-220.4%-194.3pp	-26.0%+3.4pp	-29.4%	N/A
Return on Assets	-30.4%-1.0pp	-29.3%+7.7pp	-37.0%-8.2pp	-28.9%-19.3pp	-9.6%-3.8pp	-5.8%	N/A
Current Ratio	0.27-0.1x	0.36-0.1x	0.48-0.1x	0.61-0.2x	0.82+0.4x	0.47	N/A
Debt-to-Equity	N/A	N/A	2.41+1.5x	0.90+0.9x	0.00-0.6x	0.55	N/A
Asset Turnover	0.76+0.1x	0.68-0.3x	0.95+0.1x	0.82+0.2x	0.60+0.1x	0.51	N/A
FCF Margin	-35.3%-9.9pp	-25.3%+29.4pp	-54.7%-34.8pp	-19.9%-29.2pp	9.3%-19.8pp	29.1%+36.7pp	-7.5%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	5.8%-5.0pp	14.3%+0.4pp	6.8%-7.2pp	8.3%+5.9pp	10.8%+11.3pp	13.9%+15.8pp	14.0%+7.7pp	2.3%+0.2pp
Operating Margin	-34.0%+11.5pp	-0.9%+25.1pp	-33.1%-11.5pp	-31.4%+8.8pp	-45.5%-2.6pp	-26.0%+0.3pp	-21.6%+18.7pp	-40.3%+5.4pp
Net Margin	-49.1%+6.8pp	-15.7%+27.0pp	-45.1%-15.4pp	-43.4%+6.0pp	-55.9%-6.5pp	-42.7%-9.8pp	-29.8%+15.5pp	-49.4%-1.5pp
Return on Assets	-9.0%+0.1pp	-3.0%+4.6pp	-8.6%-3.1pp	-8.2%+0.8pp	-9.1%-0.9pp	-7.6%-1.4pp	-5.5%+5.4pp	-8.9%+2.7pp
Current Ratio	0.19-0.1x	0.27-0.1x	0.280.0x	0.26-0.1x	0.32-0.1x	0.36-0.1x	0.31-0.2x	0.330.0x
Asset Turnover	0.180.0x	0.190.0x	0.190.0x	0.190.0x	0.160.0x	0.180.0x	0.19-0.1x	0.18-0.1x
FCF Margin	-95.9%-60.6pp	-31.7%+2.6pp	-32.6%-21.2pp	-41.5%-25.8pp	-35.3%+4.2pp	-34.3%-29.5pp	-11.3%+66.8pp	-15.7%+47.8pp

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Note: Shareholder equity is negative (-$392.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.27), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where WHEELS UP EXPERIENCE WTS Ranks

Frequently Asked Questions

What is WHEELS UP EXPERIENCE WTS's annual revenue?

WHEELS UP EXPERIENCE WTS (WSUPW) reported $736.5M in total revenue for fiscal year 2025. This represents a -7.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is WHEELS UP EXPERIENCE WTS's revenue growing?

WHEELS UP EXPERIENCE WTS (WSUPW) revenue declined by 7.0% year-over-year, from $792.1M to $736.5M in fiscal year 2025.

Is WHEELS UP EXPERIENCE WTS profitable?

No, WHEELS UP EXPERIENCE WTS (WSUPW) reported a net income of -$294.2M in fiscal year 2025, with a net profit margin of -40.0%.

What is WHEELS UP EXPERIENCE WTS's EBITDA?

WHEELS UP EXPERIENCE WTS (WSUPW) had EBITDA of -$142.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does WHEELS UP EXPERIENCE WTS have?

As of fiscal year 2025, WHEELS UP EXPERIENCE WTS (WSUPW) had $133.9M in cash and equivalents against $316.4M in long-term debt.

What is WHEELS UP EXPERIENCE WTS's gross margin?

WHEELS UP EXPERIENCE WTS (WSUPW) had a gross margin of 10.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is WHEELS UP EXPERIENCE WTS's operating margin?

WHEELS UP EXPERIENCE WTS (WSUPW) had an operating margin of -27.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is WHEELS UP EXPERIENCE WTS's net profit margin?

WHEELS UP EXPERIENCE WTS (WSUPW) had a net profit margin of -40.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is WHEELS UP EXPERIENCE WTS's free cash flow?

WHEELS UP EXPERIENCE WTS (WSUPW) recorded an outflow of $259.9M in free cash flow during fiscal year 2025. This represents a -29.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is WHEELS UP EXPERIENCE WTS's operating cash flow?

WHEELS UP EXPERIENCE WTS (WSUPW) recorded an outflow of $166.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are WHEELS UP EXPERIENCE WTS's total assets?

WHEELS UP EXPERIENCE WTS (WSUPW) had $968.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are WHEELS UP EXPERIENCE WTS's capital expenditures?

WHEELS UP EXPERIENCE WTS (WSUPW) invested $93.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does WHEELS UP EXPERIENCE WTS spend on research and development?

WHEELS UP EXPERIENCE WTS (WSUPW) invested $38.8M in research and development during fiscal year 2025.

Does WHEELS UP EXPERIENCE WTS buy back shares?

Yes, WHEELS UP EXPERIENCE WTS (WSUPW) spent $1.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does WHEELS UP EXPERIENCE WTS have outstanding?

WHEELS UP EXPERIENCE WTS (WSUPW) had 36M shares outstanding as of fiscal year 2025.

What is WHEELS UP EXPERIENCE WTS's current ratio?

WHEELS UP EXPERIENCE WTS (WSUPW) had a current ratio of 0.27 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is WHEELS UP EXPERIENCE WTS's return on assets (ROA)?

WHEELS UP EXPERIENCE WTS (WSUPW) had a return on assets of -30.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is WHEELS UP EXPERIENCE WTS's debt-to-equity ratio negative or not reported?

WHEELS UP EXPERIENCE WTS (WSUPW) has negative shareholder equity of -$392.1M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is WHEELS UP EXPERIENCE WTS's Piotroski F-Score?

WHEELS UP EXPERIENCE WTS (WSUPW) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are WHEELS UP EXPERIENCE WTS's earnings high quality?

WHEELS UP EXPERIENCE WTS (WSUPW) reported a net loss of $294.2M while operations used $166.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can WHEELS UP EXPERIENCE WTS cover its interest payments?

WHEELS UP EXPERIENCE WTS (WSUPW) reported an operating loss of $203.4M against $90.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.