Wheels Up Experience Inc.
For the period ended Nov 3, 2026. Filed Nov 5, 2026.
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Nov 3, 2026 · Filed Nov 5, 2026
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UP$2.84-0.7%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (Unaudited, in thousands, except share data)
(Unaudited, in thousands, except share data)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $51,811 | $133,926 |
| Accounts receivable, net | 30,123 | 24,249 |
| Parts and supplies inventories | 2,056 | 11,586 |
| Aircraft held for sale | 66,223 | 18,463 |
| Prepaid expenses | 21,723 | 27,091 |
| Other current assets | 19,219 | 34,042 |
| Total current assets | 191,155 | 249,357 |
| Property and equipment, net | 255,732 | 219,729 |
| Operating lease right-of-use assets | 100,618 | 111,886 |
| Goodwill | 209,027 | 209,897 |
| Intangible assets, net | 60,209 | 75,102 |
| Restricted cash | 30,581 | 30,577 |
| Other non-current assets | 69,221 | 72,266 |
| Total assets | $916,543 | $968,814 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $23,737 | $19,039 |
| Accounts payable | 18,946 | 20,443 |
| Accrued expenses | 88,145 | 104,010 |
| Deferred revenue, current | 595,206 | 738,852 |
| Other current liabilities | 28,495 | 25,212 |
| Total current liabilities | 754,529 | 907,556 |
| Long-term debt, net | 683,980 | 316,358 |
| Operating lease liabilities, non-current | 107,352 | 121,067 |
| Other non-current liabilities | 7,864 | 15,934 |
| Total liabilities | 1,553,725 | 1,360,915 |
| Equity: | ||
| Common Stock, $0.0001 par value; 75,000,000 authorized; 36,441,397 and 36,179,503 issued and 36,333,702 and 36,100,887 shares outstanding as of September 30, 2026 and December 31, 2025, respectively | 4 | 4 |
| Additional paid-in capital | 2,056,683 | 2,020,476 |
| Accumulated deficit | (2,676,761) | (2,397,112) |
| Accumulated other comprehensive loss | (6,987) | (5,633) |
| Treasury stock, at cost, 107,695 and 78,616 shares, respectively | (10,121) | (9,836) |
| Total Wheels Up Experience Inc. stockholders’ equity | (637,182) | (392,101) |
| Non-controlling interests | — | — |
| Total equity | (637,182) | (392,101) |
| Total liabilities and equity | $916,543 | $968,814 |
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