Wheels Up Experience Inc. (UP)
NYSE · Air Transportation, Nonscheduled · Transportation, communications and utilities · CIK 1819516 · fiscal year ends in Dec
Closing price $3.19 on 30 Oct 2026; 52-week range $3.01 to $28.40.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $720.2M
- Revenue growth
- -6.0%
- Net income, last twelve months
- -$302.8M
- Gross margin
- 9.8%
- Operating margin
- -27.0%
- Net margin
- -42.0%
- Free cash flow
- -$425.1M
- Market value
- $115.5M
- Cash
- $86.3M
- Debt
- $919.1M
- Shares outstanding
- 36.3M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $736.5M | -$203.4M | -$294.2M | -$0.42 | -$259.9M | 10-K filed 10 Mar 2026 |
| FY2024 | 31 Dec 2024 | $792.1M | -$258.8M | -$339.6M | -$0.49 | -$200.7M | 10-K filed 11 Mar 2025 |
| FY2023 | 31 Dec 2023 | $1.3B | -$443.6M | -$487.4M | -$3.69 | -$685.5M | 10-K filed 7 Mar 2024 |
| FY2022 | 31 Dec 2022 | $1.6B | -$560.0M | -$555.2M | -$22.60 | -$314.2M | 10-K filed 31 Mar 2023 |
| FY2021 | 31 Dec 2021 | $1.2B | -$203.3M | -$190.0M | -$9.30 | $111.3M | 10-K filed 31 Mar 2023 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $182.0M | -$107.2M | -$2.97 |
| Q1 FY2026 | 31 Mar 2026 | $168.9M | -$83.0M | -$2.29 |
| Q4 FY2025 | 31 Dec 2025 | $183.8M | -$28.9M | -$0.04 |
| Q3 FY2025 | 30 Sep 2025 | $185.5M | -$83.7M | -$0.12 |
| Q2 FY2025 | 30 Jun 2025 | $189.6M | -$82.3M | -$0.12 |
| Q1 FY2025 | 31 Mar 2025 | $177.5M | -$99.3M | -$0.14 |
| Q4 FY2024 | 31 Dec 2024 | $204.8M | -$87.5M | -$0.13 |
| Q3 FY2024 | 30 Sep 2024 | $193.9M | -$57.7M | -$0.08 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| United States | $641.0M | 87.0% |
| Other | $95.5M | 13.0% |
Company events
The newest 8-K filings of 88 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 9 Oct 2026 | 8-K/A | Results | 2.02, 9.01 |
| 14 Aug 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 4 Aug 2026 | 8-K | Results, Material agreement, New debt | 1.01, 2.02, 2.03, 9.01 |
| 10 Jun 2026 | 8-K | Leadership change, Shareholder vote | 5.02, 5.07, 9.01 |
| 1 Jun 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 26 May 2026 | 8-K | Material agreement, New debt, Investor update | 1.01, 2.03, 7.01, 9.01 |
| 11 May 2026 | 8-K | Results, Other events | 2.02, 8.01, 9.01 |
| 29 Apr 2026 | 8-K | Investor update | 7.01, 9.01 |
| 27 Apr 2026 | 8-K | Material agreement, Shareholder rights change, Bylaws or fiscal year change, Other events | 1.01, 3.03, 5.03, 8.01, 9.01 |
| 24 Apr 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 14 Apr 2026 | 8-K | Other events | 8.01, 9.01 |
| 19 Feb 2026 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 232 held.
| Filed | Form | Period |
|---|---|---|
| 9 Oct 2026 | 8-K/A | 31 Jul 2026 |
| 14 Aug 2026 | 8-K | 10 Aug 2026 |
| 5 Aug 2026 | 10-Q | 30 Jun 2026 |
| 4 Aug 2026 | 8-K | 31 Jul 2026 |
| 10 Jun 2026 | S-8 | – |
| 10 Jun 2026 | 8-K | 9 Jun 2026 |
| 5 Jun 2026 | EFFECT | – |
| 3 Jun 2026 | CORRESP | – |
| 1 Jun 2026 | S-3/A | – |
| 1 Jun 2026 | 8-K | 29 May 2026 |
| 28 May 2026 | UPLOAD | – |
| 26 May 2026 | 8-K | 21 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 8 Sep 2026 | Wells Meaghan Danielle, Chief Growth Officer | Sale outside a trading plan | 923 | $4.39 | $4.1K | 60,474 | 9 Sep 2026 |
| 31 Aug 2026 | Ck Wheels Llc, 10% owner | Sale outside a trading plan | 9,363 | $4.61 | $43.2K | 12,860,891 | 1 Sep 2026 |
| 10 Aug 2026 | Wells Meaghan Danielle, Chief Growth Officer | Sale outside a trading plan | 4,358 | $5.41 | $23.6K | 61,695 | 12 Aug 2026 |
| 23 Jun 2026 | Ck Wheels Llc, 10% owner | Sale outside a trading plan | 100 | $7.00 | $700 | 12,870,254 | 23 Jun 2026 |
| 18 Jun 2026 | Ck Wheels Llc, 10% owner | Sale outside a trading plan | 27,524 | $8.05 | $221.6K | 12,870,354 | 23 Jun 2026 |
| 17 Jun 2026 | Ck Wheels Llc, 10% owner | Sale outside a trading plan | 5,309 | $8.07 | $42.8K | 12,897,878 | 17 Jun 2026 |
| 16 Jun 2026 | Ck Wheels Llc, 10% owner | Sale outside a trading plan | 4,021 | $8.15 | $32.8K | 12,903,187 | 17 Jun 2026 |
| 15 Jun 2026 | Ck Wheels Llc, 10% owner | Sale outside a trading plan | 1,252 | $8.52 | $10.7K | 12,907,208 | 17 Jun 2026 |
| 11 Jun 2026 | Briffa Mark, Chief Sales Officer | Sale outside a trading plan | 1,017 | $7.50 | $7.6K | 80,083 | 12 Jun 2026 |
| 18 May 2026 | Mattson George N, Chief Executive Officer | Purchase | 1,475 | $5.56 | $8.2K | 27,791 | 20 May 2026 |
| 15 May 2026 | Mattson George N, Chief Executive Officer | Purchase | 10,029 | $5.13 | $51.4K | 26,316 | 15 May 2026 |
| 14 May 2026 | Mattson George N, Chief Executive Officer | Purchase | 1,304 | $5.48 | $7.1K | 16,287 | 15 May 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 8 Sep 2026 | Meaghan Wells, Officer | 924 | $4.1K | 8 Sep 2026 |
| 7 Nov 2025 | MEAGHAN WELLS, Officer | 47,931 | $58.7K | 7 Nov 2025 |
| 7 Nov 2025 | MARK BRIFFA, Officer | 86,813 | $106.6K | 7 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 Aug 2026 | WHITEBOX ADVISORS LLC | 13G amended | 2.8% | 1.0M |
| 13 Aug 2026 | Kore Advisors LP | 13G amended | 2.12% | 770.2K |
| 2 Jun 2026 | Delta Air Lines, Inc. | 13D amended | 36.3% | 13.2M |
| 14 Nov 2025 | Kore Advisors LP | 13G amended | 2.4% | 17.0M |
| 14 Nov 2025 | WHITEBOX ADVISORS LLC | 13G amended | 3.9% | 28.4M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 859.5K | -7.63% | 9.45 |
| 30 Sep 2026 | 930.5K | -2.26% | 6.57 |
| 15 Sep 2026 | 952.0K | +4.8% | 7.83 |
| 31 Aug 2026 | 908.4K | -2.21% | 9.5 |
| 14 Aug 2026 | 929.0K | +1.75% | 8.13 |
| 31 Jul 2026 | 913.0K | -1.71% | 11.55 |
| 15 Jul 2026 | 928.9K | +5.15% | 8.44 |
| 30 Jun 2026 | 883.4K | +14.37% | 4.88 |
Funds that hold it
From each fund's latest Form 13F.
114 funds held it at 30 Jun 2026: 36 added and 22 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Delta Air Lines, Inc. | 13,168,465 | $118.1M | -4,389,489 |
| Knighthead Capital Management, LLC | 12,908,460 | $115.8M | -4,302,821 |
| Whitebox Advisors LLC | 1,021,597 | $9.2M | -567,265 |
| Kore Advisors LP | 770,231 | $6.9M | -242,761 |
| BlackRock, Inc. | 391,189 | $3.5M | +305,125 |
| Masters Capital Management LLC | 300,000 | $2.7M | +33,333 |
| Vanguard Capital Management LLC | 218,479 | $2.0M | +2,753 |
| Geode Capital Management, LLC | 125,276 | $1.1M | +55,895 |
| Militia Capital Management LLC | 116,231 | $1.0M | +116,231 |
| UBS Group AG | 90,936 | $815.7K | +20,634 |
Peers
Companies in the same industry.
- Bristow Group Inc. (VTOL): revenue $1.6B, market value $1.2B