Wheels Up Experience Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 10, 2026
UP$2.84-0.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
(In thousands, except share data)
| 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, 2022 | 25,198,298 | $3 | $1,545,530 | $(1,275,873) | $(10,053) | 264,441 | $(7,687) | $— | $251,920 | ||
| Equity-based compensation | — | — | 21,881 | — | — | — | — | 1,276 | 23,157 | ||
| Change in non-controlling interests allocation | — | — | 1,276 | — | — | — | — | (1,276) | — | ||
| Issuance of Common Stock in connection with debt issuance | 671,239,941 | 67 | 310,322 | — | — | — | — | — | 310,389 | ||
| Reverse stock split fractional shares | — | — | — | — | — | 859 | (3) | — | (3) | ||
| Shares withheld for employee taxes on vested awards | — | — | — | — | — | 10,407 | (28) | — | (28) | ||
| Issuance of Common Stock upon settlement of restricted stock units | 693,599 | — | — | — | — | — | — | — | — | ||
| Net loss | — | — | — | (487,387) | — | — | — | — | (487,387) | ||
| Other comprehensive loss | — | — | — | — | (651) | — | — | — | (651) | ||
| 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 | — | — | 23,854 | — | — | — | — | — | 23,854 | ||
| Reclassification of equity awards | — | — | 18,718 | — | — | — | — | — | 18,718 | ||
| Shares withheld for employee taxes on vested awards | — | — | — | — | — | 163,744 | (485) | — | (485) | ||
| Issuance of Common Stock upon settlement of restricted stock units | 1,210,259 | — | — | — | — | — | — | — | — | ||
| Net loss | — | — | — | (339,635) | — | — | — | — | (339,635) | ||
| Other comprehensive loss | — | — | — | — | (1,958) | — | — | — | (1,958) | ||
| 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 | — | — | 41,062 | — | — | — | — | — | 41,062 | ||
| Reclassification of equity awards | — | — | 10,250 | — | — | — | — | — | 10,250 | ||
| Issuance of Common Stock (ATM Program) | 21,157,534 | 2 | 47,515 | — | — | — | 47,517 | ||||
| Shares withheld for employee taxes on vested equity awards | — | — | — | — | — | 566,327 | (1,006) | — | (1,006) | ||
| Repurchase of Common Stock | — | — | — | — | — | 566,544 | (627) | — | (627) | ||
| Issuance of Common Stock upon settlement of restricted stock units | 4,090,445 | — | — | — | — | — | — | — | — | ||
| Net loss | — | — | — | (294,217) | — | — | — | — | (294,217) | ||
| Other comprehensive income | — | — | — | — | 7,029 | — | — | — | 7,029 | ||
| Balance at December 31, 2025 | 723,590,076 | $72 | $2,020,408 | $(2,397,112) | $(5,633) | 1,572,322 | $(9,836) | $— | $(392,101) | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.