Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $385M | $695M | $1.19B | $1.58B | $1.25B | $792M | $736M |
| Revenue growth | — | 80.6% | 71.8% | 32.3% | -20.7% | -36.8% | -7.0% |
| Operating income | -$78.1M | -$63.0M | -$203M | -$560M | -$444M | -$259M | -$203M |
| Operating margin | -20.3% | -9.1% | -17.0% | -35.4% | -35.4% | -32.7% | -27.6% |
| Net income | -$96.3M | -$78.6M | -$190M | -$555M | -$487M | -$340M | -$294M |
| Net margin | -25.0% | -11.3% | -15.9% | -35.1% | -38.9% | -42.9% | -39.9% |
| EPS (diluted) | -$0.93 | -$0.48 | -$9.28 | -$22.60 | -$3.69 | -$0.49 | -$0.42 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$24.9M | $210M | $126M | -$231M | -$665M | -$77.9M | -$166M |
| Capital expenditures | $4.15M | $7.11M | $15.2M | $83.6M | $20.2M | $123M | $93.6M |
| Free cash flow | -$29.0M | $203M | $111M | -$314M | -$685M | -$201M | -$260M |
| Share buybacks | — | $0.00 | $0.00 | $7.69M | $28.0K | $485K | $1.63M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $96.4M | $313M | $785M | $586M | $264M | $216M | $134M |
| Total assets | — | $1.36B | $1.98B | $1.92B | $1.32B | $1.16B | $969M |
| Total liabilities | — | $1.07B | $1.24B | $1.67B | $1.22B | $1.35B | $1.36B |
| Long-term debt | — | $148M | $0.00 | $226M | $235M | $376M | $316M |
| Shareholders' equity | -$56.3M | $268M | $730M | $252M | $97.4M | -$202M | -$392M |
| Retained earnings | — | -$531M | -$721M | -$1.28B | -$1.76B | -$2.10B | -$2.40B |
| Shares (wtd avg diluted) | 104M | 163M | 20.5M | 24.6M | 132M | 698M | 706M |
Every figure is extracted from Wheels Up Experience Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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