Wheels Up Experience Inc.
UPNYSEIndustrials · Air Transportation, Nonscheduled · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $736.5M | $792.1M | $1.25B | $1.58B | $1.19B | $695.0M |
| Operating income | −$203.4M | −$258.8M | −$443.6M | −$560.0M | −$203.3M | −$63.0M |
| Net income | −$294.2M | −$339.6M | −$487.4M | −$555.2M | −$190.0M | −$78.6M |
| Total assets | $968.8M | $1.16B | $1.32B | $1.92B | $1.98B | $1.36B |
| Total liabilities | $1.36B | $1.35B | $1.22B | $1.67B | $1.24B | $1.07B |
| Equity | −$392.1M | −$202.1M | $97.4M | $251.9M | $730.2M | $267.8M |
| EPS (diluted) | $-0.42 | $-0.49 | $-3.69 | $-22.60 | $-9.28 | $-0.48 |
| Shares out. | 698.8M | 697.3M | 251.3M | 244.2M | 245.8M | 169.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −27.6%
- Net margin
- −39.9%
- Return on equity
- 75.0%
- Return on assets
- −30.4%
- Return on capital (ROCE)
- −332.1%
- Liabilities / assets
- 140.5%
- Debt / equity
- —
- Book value / share
- $-0.56
- Revenue growth (YoY)
- −7.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -14.24distress
- Accruals / assets
- −13.2%clean
- Beneish M-Score
- -3.50normal
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 5 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 9, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2021
- NT 10-Qmissed a reporting deadline ↗May 18, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Kore Advisors LpPassive (13G)Nov 14, 2025
- Whitebox Advisors LlcPassive (13G)Nov 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 863,974 | 3.4 | +28.0% |
| Apr 30, 2026 | 674,804 | 3.3 | -95.6% |
| Apr 15, 2026 | 15.4M | 8.5 | +9.1% |
| Mar 31, 2026 | 14.1M | 9.5 | -16.6% |
| Mar 13, 2026 | 16.9M | 7.0 | +13.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligationJun 1, 2026
- Entered a material agreement · New financial obligation · Regulation FD disclosureMay 26, 2026
- Results of operations · Other material eventMay 11, 2026
- Regulation FD disclosureApr 29, 2026
- Entered a material agreement · Modified shareholder rights · Amended charter or bylaws · Other material eventApr 27, 2026
- Director / officer change · Regulation FD disclosureApr 24, 2026
- Other material eventApr 14, 2026
- Results of operationsFeb 19, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KJun 1, 2026
- S-3/AJun 1, 2026
- 4OWNERSHIP DOCUMENTMay 28, 2026
- 4OWNERSHIP DOCUMENTMay 28, 2026
- 4OWNERSHIP DOCUMENTMay 28, 2026
- 4OWNERSHIP DOCUMENTMay 28, 2026
- 4OWNERSHIP DOCUMENTMay 28, 2026
- 4OWNERSHIP DOCUMENTMay 28, 2026
- 4OWNERSHIP DOCUMENTMay 28, 2026
- 4OWNERSHIP DOCUMENTMay 28, 2026
- 8-KFORM 8-KMay 26, 2026
- S-3FORM S-3May 22, 2026
- 4OWNERSHIP DOCUMENTMay 20, 2026
- 4OWNERSHIP DOCUMENTMay 19, 2026
- 4OWNERSHIP DOCUMENTMay 15, 2026
Event-driven situations (2)
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