Wheels Up Experience (UP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Wheels Up Experience

NYSE•Industrials•Airports & Air Services

$4.36-0.09(-0.02%)Market closed

Market Cap

$159.63M

P/S

0.2x

Wheels Up Experience Inc. provides on-demand private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of a simplified on-ramp to private flying services to individual and business private flyers; Wheels Up charter solutions which allows members and customers to book charter trips with no upfront costs. It also provides cargo flights and government and defense solutions; maintenance, repair and operations ground services for aircraft owners and operators; flight-related services, such as catering or ground transportation; sells a whole aircraft; group charter; cargo; safety and security; and special missions services, including government, defense, emergency and medical transport. The company serves high net worth individuals, small, medium and large businesses, cargo and group charter customers, and customers with specialized needs comprising musicians, entertainers, athletes, and business executives. Wheels Up Experience Inc. was founded in 2013 and is headquartered in Chamblee, Georgia.

How this company scores

WeakMetricSide Score: 25/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (9/25); weakest: Balance Sheet & Red Flags (4/25).

Profitability6/25

Growth9/25

Balance Sheet & Red Flags4/25

Cash & Earnings Quality6/25

Strengths

Profit converts from growthNo share dilution

Grade capped at D

Negative equity — the balance sheet is insolvent.
Interest coverage below 1× (-1.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 0.2x5y range 0.2x – 1044.3x

Currently below its 20-quarter median.

P/B · 42952.8x5y range 11.8x – 42952.8x

Currently above its 11-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $159.63M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $720.25M
Q. Revenue: $182.00M
TTM EBITDA: $-143.49M
TTM Op. Income: $-194.79M
Q. Op. Income: $-74.39M
TTM Net Income: $-302.81M
Q. Net Income: $-107.25M
EPS: $-2.97
Shares Out.: $36.12M

$720.25M in TTM revenue declined 6.0% YoY, reaching $182.00M last quarter. TTM EBITDA of $-143.49M and TTM operating income of $-194.79M show growth is flowing through to the bottom line. However, net income is negative at $302.81M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 11.9%
EBITDA Margin: -34.2%
Op. Margin: -40.9%
Net Margin: -58.9%

Op. margin of -40.9% is down 9.4% YoY — costs are rising relative to revenue. Net margin at -58.9% and gross margin of 11.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.2x
P/B Ratio: N/A

P/S of 0.2x and P/B of 0.0x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $926.57M
Cash: $86.31M
Long-Term Debt: $581.18M
Book Value: $-560.30M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-91.63M
TTM Free Cash Flow: $-425.13M
FCF Margin: -59.0%
FCF / Net Income: 1.4

TTM FCF of $-425.13M on $-91.63M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.