Wheels Up Experience Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
UP$2.76-2.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity
| Common Stock · Treasury Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Additional paid-in capital | Accumulateddeficit | Accumulatedother comprehensive loss | Shares | Amount | Non-controlling interests | Total | |
| Balance at December 31, 2024 | 698,342,097 | $70 | $1,921,581 | $(2,102,895) | $(12,662) | 439,451 | $(8,203) | $— | $(202,109) |
| Equity-based compensation | — | — | 10,319 | — | — | — | — | — | 10,319 |
| Shares withheld for employee taxes on vested equity awards | — | — | — | — | — | 88,935 | (109) | — | (109) |
| Issuance of Common Stock upon settlement of restricted stock units | 1,051,121 | — | — | — | — | — | — | — | — |
| Net loss | — | — | — | (99,313) | — | — | — | — | (99,313) |
| Other comprehensive income (loss) | — | — | — | — | 3,106 | — | — | — | 3,106 |
| Balance at March 31, 2025 | 699,393,218 | $70 | $1,931,900 | $(2,202,208) | $(9,556) | 528,386 | $(8,312) | $— | $(288,106) |
| Equity-based compensation | — | — | 6,268 | — | — | — | — | — | 6,268 |
| Reclassification of equity awards | — | — | 10,250 | — | — | — | — | — | 10,250 |
| Shares withheld for employee taxes on vested equity awards | — | — | — | — | — | 56,545 | (86) | — | (86) |
| Repurchase of Common Stock | — | — | — | — | — | 225,378 | (250) | — | (250) |
| Issuance of Common Stock upon settlement of restricted stock units | 410,727 | — | — | — | — | — | — | — | — |
| Net loss | — | — | — | (82,299) | — | — | — | — | (82,299) |
| Other comprehensive income (loss) | — | — | — | — | 6,472 | — | — | — | 6,472 |
| Balance at June 30, 2025 | 699,803,945 | $70 | $1,948,418 | $(2,284,507) | $(3,084) | 810,309 | $(8,648) | $— | $(347,751) |
| Equity-based compensation | — | — | 12,499 | — | — | — | — | — | 12,499 |
| Issuance of Common Stock (ATM Program) | 21,157,534 | 2 | 47,595 | — | — | — | — | — | 47,597 |
| Shares withheld for employee taxes on vested equity awards | — | — | — | — | — | 115,642 | (268) | — | (268) |
| Repurchase of Common Stock | — | — | — | — | — | 341,166 | (378) | — | (378) |
| Issuance of Common Stock upon settlement of restricted stock units | 652,097 | — | — | — | — | — | — | — | — |
| Net loss | — | — | — | (83,730) | — | — | — | — | (83,730) |
| Other comprehensive income (loss) | — | — | — | — | (2,514) | — | — | — | (2,514) |
| Balance at September 30, 2025 | 721,613,576 | $72 | $2,008,512 | $(2,368,237) | $(5,598) | 1,267,117 | $(9,294) | $— | $(374,545) |
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
| Common Stock · Treasury Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| (in thousands) | Shares | Amount | Additional paid-in capital | Accumulateddeficit | Accumulatedother comprehensive loss | Shares | Amount | Non-controlling interests | Total |
| Balance at December 31, 2023 | 697,131,838 | $70 | $1,879,009 | $(1,763,260) | $(10,704) | 275,707 | $(7,718) | $— | $97,397 |
| Equity-based compensation | — | — | 2,812 | — | — | — | — | — | 2,812 |
| Shares withheld for employee taxes on vested equity awards | — | — | — | — | — | 92,764 | (338) | — | (338) |
| Issuance of Common Stock upon settlement of restricted stock units | 558,125 | — | — | — | — | — | — | — | — |
| Net loss | — | — | — | (97,393) | — | — | — | — | (97,393) |
| Other comprehensive income (loss) | — | — | — | — | (1,542) | — | — | — | (1,542) |
| Balance at March 31, 2024 | 697,689,963 | $70 | $1,881,821 | $(1,860,653) | $(12,246) | 368,471 | $(8,056) | $— | $936 |
| Equity-based compensation | — | — | 5,332 | — | — | — | — | — | 5,332 |
| Reclassification of equity awards | — | — | 18,718 | — | — | — | — | — | 18,718 |
| Shares withheld for employee taxes on vested equity awards | — | — | — | — | — | 24,747 | (67) | — | (67) |
| Issuance of Common Stock upon settlement of restricted stock units | 367,109 | — | — | — | — | — | — | — | — |
| Net loss | — | — | — | (96,973) | — | — | — | — | (96,973) |
| Other comprehensive income (loss) | — | — | — | — | (98) | — | — | $— | (98) |
| Balance at June 30, 2024 | 698,057,072 | $70 | $1,905,871 | $(1,957,626) | $(12,344) | 393,218 | $(8,123) | $— | $(72,152) |
| Equity-based compensation | — | — | 5,491 | — | — | — | — | — | 5,491 |
| Change in non-controlling interests allocation | — | — | — | — | — | — | — | — | — |
| Issuance of Common Stock and Deferred Shares in connection with debt issuance | — | — | — | — | — | — | — | — | — |
| Shares withheld for employee taxes on vested equity awards | — | — | — | — | — | 46,233 | (81) | — | (81) |
| Issuance of Common Stock upon settlement of restricted stock units | 194,043 | — | — | — | — | — | — | — | — |
| Net loss | — | — | — | (57,731) | — | — | — | — | (57,731) |
| Other comprehensive income (loss) | — | — | — | — | 6,807 | — | — | — | 6,807 |
| Balance at September 30, 2024 | 698,251,115 | $70 | $1,911,362 | $(2,015,357) | $(5,537) | 439,451 | $(8,204) | $— | $(117,666) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.