Financial Snapshot

Revenue
$833.7M
TTM
Gross Margin
3.47%
TTM
Net Earnings
-$333.2M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
30.54%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$114.2M
Q3 2024
Cash
Q3 2024
P/E
-4.419
Nov 29, 2024 EST
Free Cash Flow
-$152.5M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $1.253B $1.580B $1.194B $695.0M $384.9M
YoY Change -20.66% 32.28% 71.84% 80.56%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $1.253B $1.580B $1.194B $695.0M $384.9M
Cost Of Revenue $1.233B $1.540B $1.118B $634.8M $340.7M
Gross Profit $20.81M $39.44M $76.63M $60.21M $44.24M
Gross Profit Margin 1.66% 2.5% 6.42% 8.66% 11.49%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $234.7M $300.6M $193.4M $120.0M $69.05M
YoY Change -21.93% 55.45% 61.16% 73.8%
% of Gross Profit 1127.77% 762.37% 252.4% 199.33% 156.08%
Research & Development $61.87M $57.24M $33.58M $21.01M $13.97M
YoY Change 8.09% 70.46% 59.82% 50.45%
% of Gross Profit 297.31% 145.15% 43.82% 34.9% 31.57%
Depreciation & Amortization $58.53M $65.94M $34.30M $40.80M $38.40M
YoY Change -11.23% 92.23% -15.93% 6.25%
% of Gross Profit 281.26% 167.2% 44.76% 67.77% 86.8%
Operating Expenses $355.1M $423.8M $281.2M $141.0M $83.02M
YoY Change -16.21% 50.73% 99.39% 69.87%
Operating Profit -$334.3M -$384.4M -$204.6M -$62.97M -$78.13M
YoY Change -13.03% 87.91% 224.86% -19.41%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$35.13M $5.671M $8.485M $22.99M $29.36M
YoY Change -719.54% -33.16% -63.09% -21.7%
% of Operating Profit
Other Income/Expense, Net $79.00K -$1.041M $6.106M -$22.44M -$28.75M
YoY Change -107.59% -117.05% -127.21% -21.94%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$486.0M -$507.4M -$197.2M -$85.41M -$106.9M
YoY Change -4.21% 157.33% 130.87% -20.09%
Income Tax $1.383M $170.0K $58.00K $0.00 $0.00
% Of Pretax Income
Net Earnings -$487.4M -$507.2M -$197.2M -$78.64M -$96.27M
YoY Change -3.9% 157.14% 150.8% -18.32%
Net Earnings / Revenue -38.89% -32.1% -16.51% -11.32% -25.01%
Basic Earnings Per Share -$3.69 -$2.26 -$0.93 -$0.48 -$0.93
Diluted Earnings Per Share -$3.69 -$2.06 -$0.93 -$0.48 -$0.93

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $263.9M $585.9M $784.6M $719.9K
YoY Change -54.96% -25.32% 108879.21%
Cash & Equivalents $263.9M $585.9M $784.6M
Short-Term Investments
Other Short-Term Assets $98.10M $62.01M $51.63M $609.0K
YoY Change 58.21% 20.1% 8377.87%
Inventory $22.26M $53.83M $9.410M
Prepaid Expenses
Receivables $38.24M $112.4M $79.40M
Other Receivables $11.53M $5.524M $8.061M
Total Short-Term Assets $434.0M $819.6M $933.1M $1.329M
YoY Change -47.04% -12.16% 70115.6%
Property, Plant & Equipment $406.6M $501.3M $426.4M
YoY Change -18.89% 17.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $139.4M $112.4M $37.22M $239.8M
YoY Change 24.01% 202.11% -84.48%
Total Long-Term Assets $882.0M $1.152B $1.048B $239.8M
YoY Change -23.41% 9.89% 337.04%
Total Assets $1.316B $1.971B $1.981B $241.1M
YoY Change
Accounts Payable $32.97M $43.17M $43.67M
YoY Change -23.61% -1.16%
Accrued Expenses $125.3M $178.9M $138.8M $1.485M
YoY Change -29.93% 28.91% 9247.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $24.00M $27.01M $0.00
YoY Change -11.14%
Total Short-Term Liabilities $907.5M $1.344B $1.135B $1.485M
YoY Change -32.49% 18.43% 76352.0%
Long-Term Debt $235.1M $226.2M $0.00 $0.00
YoY Change 3.91%
Other Long-Term Liabilities $73.61M $100.9M $109.8M $8.391M
YoY Change -27.01% -8.15% 1208.51%
Total Long-Term Liabilities $308.7M $327.1M $109.8M $8.391M
YoY Change -5.63% 197.89% 1208.51%
Total Liabilities $1.219B $1.671B $1.251B $9.876M
YoY Change -27.08% 33.61% 12566.5%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 132.2M shares 245.7M shares 204.8M shares 162.5M shares 103.8M shares
Diluted Shares Outstanding 132.2M shares 245.7M shares 204.8M shares 162.5M shares 103.8M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.4724 Billion

About Wheels Up Experience Inc.

Wheels Up Experience, Inc. is a provider of private aviation services in the U.S. through a fleet of owned, managed, and third-party planes. The company is headquartered in Chamblee, Georgia and currently employs 2,116 full-time employees. The company went IPO on 2020-09-25. The firm offers a complete global aviation solution with a diverse fleet and a global network of safety vetted charter operators. The company connects private flyers to aircraft, and to one another, through an open platform. The company provides its private aviation services through its membership program, which allows members to select the membership for their flying needs and receive additional benefits from the purchase of dollar-denominated credits that can be applied to future costs, including flight services, annual dues, and other incidental costs such, as catering and ground transportation. The company offers global charter solutions to members and non-member customers through its subsidiary, Air Partner Limited. Its additional services include wholesale charter and other activities and services. The company offers wholesale charter services to customers, such as charter flight brokers and third-party operators.

Industry: Air Transportation, Nonscheduled Peers: Allegiant Travel CO Blade Air Mobility, Inc. HARBOR DIVERSIFIED, INC. HAWAIIAN HOLDINGS INC JETBLUE AIRWAYS CORP MESA AIR GROUP INC Sun Country Airlines Holdings, Inc. SKYWEST INC SOUTHWEST AIRLINES CO