Wheels Up Experience (UP) AI Stock Analysis

• Market Cap: $957.35M
• Dividend Yield: N/A
• Average Volume (3M): 7.09M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.85
• Revenue Growth: -20.21%
• EPS Growth: 88.09%
• Country: US
• Employees: 1,807
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.11
• Shares Outstanding: 698,798,200
• 10 Day Avg. Volume: 4,487,487
• 30 Day Avg. Volume: 7,090,582
• PEG Ratio: 0.05
• Price to Book (P/B): -5.87
• Price to Sales (P/S): 1.45
• P/FCF Ratio: -5.28
• Enterprise Value/Market Cap: 1.16
• Enterprise Value/Revenue: 1.46
• Enterprise Value/Gross Profit: 14.42
• Enterprise Value/Ebitda: -4.86
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: $1.00 ▼(-35.06% Downside)

Wheels Up Experience is facing severe financial difficulties, with declining revenues and substantial losses. The technical analysis indicates bearish momentum, and the valuation is unattractive due to negative earnings. These factors collectively result in a low overall stock score.

Wheels Up Experience Business Overview & Revenue Model

Company Description

Wheels Up Experience (UP) is a leading private aviation company that provides flexible and convenient flight solutions for individuals and businesses. Operating primarily in the private jet charter sector, Wheels Up offers membership-based access to a fleet of aircraft, catering to a diverse clientele ranging from leisure travelers to corporate executives. The company's core services include private jet charters, membership programs, and unique travel experiences, all aimed at enhancing the efficiency and enjoyment of air travel.

How the Company Makes Money

Wheels Up generates revenue primarily through its membership model, which includes different tiers that provide varying levels of access to its fleet of private jets. Members pay an initiation fee and annual dues, which grants them access to on-demand flight services at discounted rates. In addition to membership fees, the company earns revenue from flight bookings, where non-members can also charter flights at standard rates. Key partnerships with aircraft operators and other travel service providers enhance its offerings and contribute to revenue, along with upselling services such as catering and ground transportation. The company's growth is further supported by strategic alliances in the aviation sector, allowing it to expand its market reach and service capabilities.

Wheels Up Experience Financial Statement Overview

Summary

Wheels Up Experience is facing significant financial challenges across all key areas. Declining revenues and negative profit margins signal operational difficulties. The balance sheet is heavily leveraged, raising concerns about its financial stability. Cash flow issues further exacerbate the company's financial position, highlighting the need for strategic interventions to improve its financial health.

Income Statement

The company's income statement shows declining revenue and worsening profitability. The TTM data indicates a gross profit margin of 7.03% and a net profit margin of -44.22%, highlighting significant financial distress. The revenue growth rate is negative, with a -2.47% decline from the previous annual period. The EBIT and EBITDA margins are deeply negative, indicating operational inefficiencies.

Balance Sheet

The balance sheet reveals high financial risk. The debt-to-equity ratio is extremely high due to low equity, reflecting potential solvency issues. The equity ratio is a mere 0.75%, showing that assets are predominantly financed by liabilities. The return on equity is negative, highlighting poor shareholder returns.

Cash Flow

The cash flow statement shows negative free cash flow, with a substantial deterioration compared to the previous year. Operating cash flow is negative, indicating challenges in generating cash from operations. The free cash flow to net income and operating cash flow to net income ratios are also negative, pointing to liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	765.88M	792.10M	1.25B	1.58B	1.19B	694.98M
Gross Profit	77.31M	59.03M	-11.94M	39.44M	76.63M	60.21M
EBITDA	-229.51M	-216.51M	-386.22M	-481.93M	-133.46M	-3.89M
Net Income	-326.88M	-339.63M	-487.39M	-555.16M	-190.02M	-78.64M
Balance Sheet
Total Assets	1.01B	1.16B	1.32B	1.97B	1.98B	1.36B
Cash, Cash Equivalents and Short-Term Investments	107.00M	216.43M	263.91M	585.88M	784.57M	312.80M
Total Debt	82.32M	472.82M	336.90M	365.94M	115.08M	283.31M
Total Liabilities	1.35B	1.35B	1.22B	1.67B	1.24B	1.07B
Stockholders Equity	-347.75M	-196.23M	97.40M	299.92M	730.15M	267.80M
Cash Flow
Free Cash Flow	-245.98M	-218.13M	-701.95M	-382.05M	66.41M	194.12M
Operating Cash Flow	-87.91M	-77.89M	-665.28M	-230.69M	126.49M	209.64M
Investing Cash Flow	-50.86M	-46.68M	40.87M	-175.24M	-38.67M	81.58M
Financing Cash Flow	102.50M	78.66M	300.95M	244.79M	374.03M	-62.79M

Wheels Up Experience Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UP, the sentiment is Negative. The current price of 1.54 is below the 20-day moving average (MA) of 1.63, below the 50-day MA of 2.02, and above the 200-day MA of 1.49, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 37.19 is Neutral, neither overbought nor oversold. The STOCH value of 12.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UP.

Wheels Up Experience Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SKYW	―	$4.06B	9.60	17.42%	―	19.27%	78.26%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FLYX	―	$310.10M	―	―	―	―	―
SRFM	―	$173.87M	―	―	―	-3.95%	85.63%
SOAR	―	$16.03M	―	―	―	-9.49%	97.34%
ULCC	―	$880.68M	―	-6.63%	―	4.60%	49.81%
UP	―	$957.35M	―	―	―	-20.21%	88.09%

Wheels Up Experience Corporate Events

Wheels Up Experience Amends Investor Agreement

On September 21, 2025, Wheels Up Experience Inc. announced an amendment to its Investment and Investor Rights Agreement, extending lock-up restrictions for its lead investors, including Delta Air Lines, until May 22, 2026. This decision, involving approximately 85% of the company’s outstanding shares, reflects the investors’ confidence in Wheels Up’s transformation strategy, which focuses on scaling its premium jet fleet, enhancing membership offerings, and strengthening its commercial relationship with Delta.

The most recent analyst rating on (UP) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Wheels Up Experience stock, see the UP Stock Forecast page.

Wheels Up Experience Announces $50M Equity Offering

On August 29, 2025, Wheels Up Experience Inc. announced an ATM Equity Offering Sales Agreement with BofA Securities, Inc. and Jefferies LLC, allowing the company to sell up to $50 million of its Class A common stock. This strategic move aims to enhance the company’s financial flexibility and capitalize on market conditions, although there is no obligation to sell the shares. The agreement can be terminated by either party with prior notice, reflecting a flexible approach to capital management.

The most recent analyst rating on (UP) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wheels Up Experience stock, see the UP Stock Forecast page.

Wheels Up Reports Improved Profitability Amid Fleet Modernization

Wheels Up Experience Inc. is a prominent provider of on-demand private aviation services in the United States, known for its diverse fleet and strategic partnership with Delta Air Lines, offering charter and membership programs to a wide range of clients. In its latest earnings report for the second quarter of 2025, Wheels Up reported a revenue of $189.6 million, marking a slight decrease of 3% compared to the previous year. However, the company showed significant improvements in profitability metrics, with a gross profit increase of $13.2 million and a 15% reduction in net loss year over year. The company also reported an adjusted EBITDA loss of $29.0 million, a 22% improvement from the previous year.