Wheels Up Experience Inc. (UP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 164.79M | 249.36M | 248.28M | 233.67M | 298.81M | 332.07M | 271.31M | 288.81M | 332.9M | 434.03M | 409.77M | 349.87M | 603.13M | 819.62M | 551.59M | 691.94M | 732.88M | 933.07M | 657.26M | 270.09M |
| Cash & Short-Term Investments | 54.13M | 133.93M | 125.33M | 107M | 171.84M | 216.43M | 115.91M | 141.49M | 180.86M | 263.91M | 244.85M | 151.83M | 363.18M | 585.88M | 285.5M | 426.98M | 537.7M | 784.57M | 535.25M | 160.65M |
| Cash Only | 54.13M | 133.93M | 125.33M | 107M | 171.84M | 216.43M | 115.91M | 141.49M | 180.86M | 263.91M | 244.85M | 151.83M | 363.18M | 585.88M | 285.5M | 426.98M | 537.7M | 784.57M | 535.25M | 160.65M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 32.31M | 25.74M | 32.39M | 38.7M | 41.8M | 33.5M | 32.03M | 34.01M | 51.63M | 49.77M | 54.23M | 89.22M | 107.66M | 117.91M | 136.27M | 126.14M | 86.95M | 87.46M | 79.16M | 61.94M |
| Days Sales Outstanding | 15.47 | 14.55 | 17.63 | 19.32 | 19.09 | 14.72 | 15.67 | 19.85 | 23.41 | 19.42 | 20.62 | 26.74 | 28.85 | 28.64 | 28.72 | 22.79 | 24.1 | 22.21 | 21.49 | 18.65 |
| Inventory | 2.21M | 11.59M | 9.14M | 12.16M | 12.72M | 12.18M | 22.54M | 21.24M | 20.56M | 22.26M | 26.05M | 28.81M | 49.69M | 53.83M | 51.36M | 42.82M | 9.69M | 9.41M | 8.74M | 8.11M |
| Days Inventory Outstanding | 3.63 | 4.9 | 5.67 | 6.51 | 6.27 | 8.43 | 12.07 | 9.18 | 9.83 | 8.4 | 8.41 | 10.41 | 12.65 | 11.67 | 10.33 | 5.62 | 2.48 | 2.33 | 2.61 | 2.6 |
| Other Current Assets | 76.14M | 78.1M | 56.25M | 53.5M | 40.43M | 46.42M | 71.34M | 58.46M | 36.5M | 42.38M | 38.14M | 26.39M | 35.24M | 22.29M | 39.9M | 55.52M | 56.2M | 29.84M | 0 | 22.1M |
| Total Non-Current Assets | 751.45M | 719.46M | 724.73M | 772.05M | 792.17M | 825.94M | 771.83M | 797.48M | 848.39M | 882.03M | 917.93M | 1.04B | 1.11B | 1.15B | 1.26B | 1.28B | 1.15B | 1.05B | 1.02B | 1.04B |
| Property, Plant & Equipment | 371.55M | 331.62M | 333.42M | 350.07M | 368.57M | 405.25M | 321.12M | 347.45M | 384.95M | 406.62M | 435.84M | 492.43M | 497.75M | 501.29M | 499.05M | 502.69M | 497.89M | 426.42M | 426.36M | 433.94M |
| Fixed Asset Turnover | 0.48x | 0.55x | 0.54x | 0.53x | 0.46x | 0.56x | 0.58x | 0.54x | 0.50x | 0.58x | 0.69x | 0.68x | 0.70x | 0.82x | 0.84x | 0.85x | 0.70x | 0.81x | 0.70x | 0.67x |
| Goodwill | 208.66M | 209.9M | 209.93M | 224.42M | 219.48M | 217.04M | 222.48M | 217.66M | 217.52M | 218.21M | 214.81M | 282.13M | 350.23M | 396.12M | 521.85M | 528.33M | 449.57M | 437.4M | 437.18M | 437.38M |
| Intangible Assets | 70.1M | 75.1M | 80.06M | 87.37M | 92.06M | 96.9M | 102.66M | 107.27M | 112.45M | 117.77M | 122.78M | 130.59M | 136.19M | 141.76M | 146.88M | 154.67M | 141.73M | 146.96M | 152.42M | 155.42M |
| Long-Term Investments | 34.6M | 0 | 0 | 0 | 35.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34.27M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 66.54M | 102.84M | 101.32M | 110.19M | 76.85M | 106.74M | 125.56M | 125.1M | 133.48M | 139.43M | 144.49M | 131.15M | 123.17M | 112.43M | 90.36M | 91.43M | 62.9M | 37.22M | 3.28M | 12.97M |
| Total Assets | 916.24M | 968.81M | 973M | 1.01B | 1.09B | 1.16B | 1.04B | 1.09B | 1.18B | 1.32B | 1.33B | 1.39B | 1.71B | 1.97B | 1.81B | 1.97B | 1.88B | 1.98B | 1.68B | 1.31B |
| Asset Turnover | 0.18x | 0.19x | 0.19x | 0.18x | 0.16x | 0.19x | 0.18x | 0.17x | 0.16x | 0.19x | 0.24x | 0.22x | 0.19x | 0.22x | 0.22x | 0.22x | 0.17x | 0.19x | 0.20x | 0.21x |
| Asset Growth % | -16.02% | -16.34% | -6.72% | -7.42% | -7.65% | -12.01% | -21.43% | -21.63% | -30.94% | -33.24% | -26.64% | -29.6% | -9.26% | -0.5% | 7.95% | 50.33% | 39.66% | 45.67% | 639.09% | - |
| Total Current Liabilities | 854.36M | 907.56M | 887.52M | 902.18M | 925.4M | 917.28M | 888.41M | 874.11M | 878.73M | 907.5M | 869.02M | 1.07B | 1.23B | 1.34B | 1.19B | 1.27B | 1.1B | 1.14B | 760.3M | 810.48M |
| Accounts Payable | 22.86M | 20.44M | 30.86M | 35.36M | 37.87M | 29.98M | 35M | 41.93M | 45.69M | 32.97M | 25.57M | 52.11M | 42.23M | 43.17M | 48.96M | 61.96M | 51.5M | 43.67M | 42.36M | 44.65M |
| Days Payables Outstanding | 11.4 | 12.13 | 17.62 | 19.16 | 17.09 | 15.79 | 21.21 | 19.23 | 18.05 | 10.18 | 11.92 | 12.51 | 10.44 | 10.22 | 12.16 | 12.15 | 12.34 | 11.06 | 13.47 | 15.04 |
| Short-Term Debt | 21.74M | 35.93M | 30.34M | 31.54M | 31.66M | 31.75M | 30.05M | 21.15M | 22.27M | 24M | 25.23M | 26.5M | 27.01M | 27.01M | 0 | 0 | 0 | 0 | 131K | 59.57M |
| Deferred Revenue (Current) | 687.58M | 738.85M | 0 | 727.1M | 758.23M | 749.43M | 711.1M | 702.17M | 698.01M | 723.25M | 691.21M | 828.61M | 975.74M | 1.08B | 966.37M | 1.04B | 903.25M | 933.53M | 585.32M | 0 |
| Other Current Liabilities | 122.19M | 112.33M | 725.63M | 12.08M | 12.75M | 2.69M | 17.9M | 20.72M | 1.92M | 1.94M | 26.2M | 47.63M | 48.96M | 20.02M | 20.13M | 18.68M | 18.19M | 19.07M | 16.94M | 588.2M |
| Current Ratio | 0.19x | 0.27x | 0.28x | 0.26x | 0.32x | 0.36x | 0.31x | 0.33x | 0.38x | 0.48x | 0.47x | 0.33x | 0.49x | 0.61x | 0.46x | 0.54x | 0.66x | 0.82x | 0.86x | 0.33x |
| Quick Ratio | 0.19x | 0.26x | 0.27x | 0.25x | 0.31x | 0.35x | 0.28x | 0.31x | 0.36x | 0.45x | 0.44x | 0.30x | 0.45x | 0.57x | 0.42x | 0.51x | 0.66x | 0.81x | 0.85x | 0.32x |
| Cash Conversion Cycle | 7.7 | 7.31 | 5.68 | 6.67 | 8.27 | 7.37 | 6.53 | 9.79 | 15.18 | 17.64 | 17.12 | 24.64 | 31.07 | 30.09 | 26.88 | 16.26 | 14.24 | 13.48 | 10.63 | 6.21 |
| Total Non-Current Liabilities | 527.57M | 453.36M | 460.03M | 451.3M | 445.46M | 436.95M | 268.91M | 283.24M | 290.75M | 308.69M | 313.43M | 302.63M | 315.63M | 327.08M | 106.24M | 113.93M | 117.39M | 109.8M | 123.14M | 233.72M |
| Long-Term Debt | 116.37M | 121.07M | 393.57M | 391.33M | 382.76M | 376.31M | 209.59M | 218.61M | 222.78M | 235.07M | 235.43M | 210.05M | 220.4M | 226.23M | 0 | 0 | 0 | 0 | 22K | 122.89M |
| Capital Lease Obligations | 0 | 0 | 46.93M | 50.77M | 53.08M | 50.81M | 47.82M | 49.89M | 51.09M | 54.96M | 58.91M | 71.32M | 77.14M | 82.75M | 87.03M | 90.8M | 95.31M | 83.46M | 87.09M | 90.24M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 411.2M | 332.29M | 19.53M | 9.19M | 9.62M | 9.66M | 11.51M | 14.74M | 16.88M | 17.67M | 17.94M | 21.26M | 18.09M | 16.35M | 17.33M | 21.33M | 20.25M | 24.38M | 34.08M | 20.6M |
| Total Liabilities | 1.38B | 1.36B | 1.35B | 1.35B | 1.37B | 1.35B | 1.16B | 1.16B | 1.17B | 1.22B | 1.18B | 1.37B | 1.55B | 1.67B | 1.3B | 1.39B | 1.22B | 1.24B | 883.44M | 1.04B |
| Total Debt | 138.11M | 157M | 470.84M | 473.65M | 467.5M | 472.82M | 287.45M | 289.65M | 316.86M | 336.9M | 319.57M | 307.88M | 324.54M | 365.94M | 117.08M | 119.18M | 124M | 115.08M | 119.56M | 305.08M |
| Net Debt | 83.99M | 23.07M | 345.51M | 366.65M | 295.65M | 256.39M | 171.54M | 148.16M | 136M | 72.99M | 74.72M | 156.05M | -38.64M | -219.94M | -168.42M | -307.81M | -413.7M | -669.5M | -415.7M | 144.44M |
| Debt / Equity | - | - | - | - | - | - | - | - | 26.83x | 3.37x | 2.20x | 24.02x | 1.99x | 1.22x | 0.23x | 0.20x | 0.19x | 0.16x | 0.15x | 1.15x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -2.34x | -0.11x | -2.50x | -2.68x | -3.99x | -3.81x | -2.57x | -4.79x | -5.70x | -4.66x | -11.81x | -19.97x | -11.40x | -37.22x | - | - | - | -4783.38x | -75.03x | -5.95x |
| Total Equity | -465.69M | -392.1M | -374.55M | -347.75M | -279.88M | -196.23M | -114.18M | -71.06M | 11.81M | 99.87M | 145.24M | 12.82M | 163.19M | 299.92M | 509.44M | 582.76M | 663.63M | 736.23M | 793.06M | 265.59M |
| Equity Growth % | -66.39% | -99.82% | -228.03% | -389.38% | -2469.68% | -296.48% | -178.61% | -654.33% | -92.76% | -66.7% | -71.49% | -97.8% | -75.41% | -59.26% | -35.76% | 119.42% | 126.34% | 150.57% | 262.9% | - |
| Book Value per Share | -12.88 | -10.86 | -10.72 | -9.95 | -8.02 | -5.62 | -3.27 | -2.04 | 0.34 | 3.47 | 70.40 | 10.03 | 128.83 | 242.03 | 416.97 | 477.50 | 542.61 | 600.09 | 673.96 | 314.27 |
| Total Shareholders' Equity | -465.69M | -392.1M | -374.55M | -347.75M | -279.88M | -196.23M | -114.18M | -71.06M | 11.81M | 99.87M | 145.24M | 12.82M | 163.19M | 299.92M | 509.44M | 582.76M | 660.79M | 730.15M | 782.59M | 265.59M |
| Common Stock | 72K | 72K | 72K | 70K | 70K | 70K | 70K | 70K | 70K | 70K | 17K | 3K | 25K | 25K | 25K | 25K | 25K | 25K | 0 | 39.13M |
| Retained Earnings | -2.48B | -2.4B | -2.37B | -2.28B | -2.2B | -2.1B | -2.02B | -1.96B | -1.86B | -1.76B | -1.68B | -1.54B | -1.38B | -1.23B | -988.96M | -902.13M | -809.37M | -720.71M | -677.49M | -120.69M |
| Treasury Stock | 0 | 0 | -9.29M | -8.65M | -8.31M | -8.2M | -8.2M | -8.12M | -8.06M | -7.72M | -7.72M | -7.69M | -7.69M | -7.69M | -7.35M | -6.69M | -6.11M | 0 | 0 | 0 |
| Accumulated OCI | -7.45M | -5.63M | -5.6M | -3.08M | -9.56M | -12.66M | -5.54M | -12.34M | -12.25M | -10.7M | -14.01M | -5.83M | -9.13M | -10.05M | -16.65M | -8.32M | 0 | 0 | 0 | 6.75M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.84M | 6.08M | 10.47M | 0 |