Wheels Up Experience (UP) AI Stock Analysis

• Market Cap: $594.11M
• Dividend Yield: N/A
• Average Volume (3M): 4.78M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.95
• Revenue Growth: -9.14%
• EPS Growth: -0.48%
• Country: US
• Employees: 1,807
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.12
• Shares Outstanding: 721,707,900
• 10 Day Avg. Volume: 3,502,927
• 30 Day Avg. Volume: 4,776,652
• 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: 2.76
• Enterprise Value/Revenue: 2.17
• Enterprise Value/Gross Profit: 38.46
• Enterprise Value/Ebitda: -8.42
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -2.5
• Revenue Forecast (FY): $1.96B

• Rating: 38 Underperform
• Price Target: $1.00 ▼(-35.06% Downside)

Wheels Up Experience is facing severe financial challenges, with negative margins, declining revenues, and a weak balance sheet. Technical indicators also suggest a bearish trend, with the stock being oversold. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield. These factors collectively contribute to 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 difficulties across all major financial statements. The company is struggling with declining revenues, negative margins, and a weak balance sheet characterized by negative equity. Cash flow remains a critical issue, with ongoing negative cash flows despite some improvement in free cash flow growth. The financial health of the company is concerning, and strategic changes may be necessary to improve its financial trajectory.

Income Statement

The income statement reveals significant challenges for Wheels Up Experience. The company has experienced declining revenues with a negative revenue growth rate of -109.9% in the TTM period. Margins are under pressure, with a gross profit margin of 10.09% and a net profit margin of -42.68%, indicating substantial losses. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet shows a precarious financial position. The company has negative stockholders' equity, leading to a negative debt-to-equity ratio, which is concerning. Return on equity is extremely high at 138.01%, but this is due to the negative equity base rather than strong performance. The equity ratio is also negative, indicating that liabilities exceed assets, posing a risk to financial stability.

Cash Flow

Cash flow analysis highlights ongoing cash flow challenges. The company has a negative operating cash flow and free cash flow, although there is a slight improvement in free cash flow growth. The free cash flow to net income ratio is high at 2.80, suggesting that cash flow is less negative than net income, but overall cash generation remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	757.47M	792.10M	1.25B	1.58B	1.19B	694.98M
Gross Profit	42.66M	59.03M	-37.72M	-26.50M	22.43M	60.21M
EBITDA	-194.75M	-216.51M	-386.22M	-481.93M	-133.46M	-3.89M
Net Income	-352.88M	-339.63M	-487.39M	-555.16M	-190.02M	-78.64M
Balance Sheet
Total Assets	973.00M	1.16B	1.32B	1.97B	1.98B	1.36B
Cash, Cash Equivalents and Short-Term Investments	125.33M	216.43M	263.91M	585.88M	784.57M	312.80M
Total Debt	470.84M	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	-374.55M	-196.23M	99.87M	299.92M	730.15M	267.80M
Cash Flow
Free Cash Flow	-285.89M	-218.13M	-701.95M	-382.05M	66.41M	194.12M
Operating Cash Flow	-110.00M	-77.89M	-665.28M	-230.69M	126.49M	209.64M
Investing Cash Flow	-29.36M	-46.68M	40.87M	-175.24M	-38.67M	81.58M
Financing Cash Flow	143.00M	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: Positive
• 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 above the 20-day moving average (MA) of 1.17, below the 50-day MA of 1.59, and above the 200-day MA of 1.46, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 28.90 is Positive, neither overbought nor oversold. The STOCH value of 6.76 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	70 Outperform	$3.86B	9.19	17.42%	―	19.27%	78.26%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FLYX	48 Neutral	$278.37M	―	―	―	―	―
ULCC	44 Neutral	$886.04M	―	-27.87%	―	1.77%	-1964.48%
SRFM	44 Neutral	$130.82M	―	―	―	-8.51%	82.15%
SOAR	42 Neutral	$11.83M	-0.40	―	―	-63.27%	―
UP	38 Underperform	$594.11M	―	―	―	-9.14%	-0.48%

Wheels Up Experience Corporate Events

Wheels Up Reports Increased Losses Amid Revenue Decline

Wheels Up Experience Inc. is a leading provider of on-demand private aviation services in the United States, known for its membership-based model and extensive fleet. In its latest earnings report for the quarter ending September 30, 2025, Wheels Up Experience Inc. reported a decline in revenue to $185.5 million from $193.9 million in the same period last year, reflecting a challenging business environment. Key financial metrics revealed a net loss of $83.7 million for the quarter, compared to a loss of $57.7 million in the previous year, indicating ongoing operational challenges. The company also reported a decrease in cash and cash equivalents to $125.3 million from $216.4 million at the end of 2024, highlighting liquidity concerns. Looking ahead, Wheels Up Experience Inc. is focused on strategic initiatives to improve operational efficiency and financial performance, as it navigates a competitive market landscape.

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.