UP
Wheels Up Experience Inc.0.6889
+0.0189+2.82%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
497.18MP/E (TTM)
-Basic EPS (TTM)
-0.51Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
ATM equity program launched
Wheels Up Experience Inc. signed an at-the-market equity offering agreement on August 29, 2025, with BofA Securities and Jefferies, enabling sales of up to $50 million in Class A common stock via NYSE trades or negotiated deals. This flexible capital raise hinges on market conditions and funding needs, yet actual proceeds remain uncertain. No sales are guaranteed.
8-K
Wheels Up Q2 profit improves
Wheels Up reported Q2 2025 results on August 7, showing revenue of $189.6 million, down 3% year over year, yet gross profit swung to $2.2 million from a $11 million loss, boosted by fleet modernization that cut active aircraft by 33 while lifting Adjusted Contribution Margin to 12.2%. Corporate membership sales via Delta surged over 25%, signaling stronger demand. Premium jets now hit 20% of fleet; three more Challengers join Q3. Initiatives target $50 million annual cash savings by late 2026. Fleet transition risks execution snags.
10-Q
Q2 FY2025 results
Wheels Up's Q2 revenue dipped 3% year-over-year to $189.6M, yet narrowed its operating loss to $59.6M from $79.1M, thanks to sharp cost cuts in employee pay and aircraft leases that boosted adjusted contribution margin to 12.2% from 7.8%. Flight legs fell 7% to 11,971, but utility climbed 10% to 41.1 hours amid fleet modernization, with Embraer Phenom 300s hitting 49 hours. Cash equivalents stood at $107M after $110.8M in operating outflows, backed by $100M revolver availability through 2026 and $31.2M under the equipment notes facility; total debt hit $770.5M at 10% for the term loan. A $20.2M office impairment widened the net loss gap from operating, tied to right-of-use assets. Fleet shifts demand capital, while litigation with flyExclusive over deposits adds recovery uncertainty.
IPO
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