Wheels Up Experience (UP) Asset Writedowns and Impairment (2020 - 2025)
Wheels Up Experience (UP) posted quarterly Asset Writedowns and Impairment of $20.2 million for Q1 2025, up 67.6% quarter-over-quarter from $12.1 million in Q4 2024.
Wheels Up Experience (UP) Asset Writedowns and Impairment (2020 - 2025) Analysis & Trends
Wheels Up Experience's Asset Writedowns and Impairment history runs 5 years deep, the most recent figure standing at $20.2 million for Q1 2025.
- In Q1 2025, Asset Writedowns and Impairment changed N/A year-over-year to $20.2 million; the TTM figure through Sep 2025 stood at $32.3 million (up 5427.57% YoY), while the FY2024 annual figure was $12.1 million, up 207.49% from the prior year.
- Asset Writedowns and Impairment for Q1 2025 stood at $20.2 million, up from $12.1 million in the prior quarter.
- The five-year high for Asset Writedowns and Impairment was $20.2 million in Q1 2025, with the low at -$384000.0 in Q1 2022.
- The 4-year median for Asset Writedowns and Impairment is $624500.0 (2021), against an average of $4.5 million.
- Peak annual rise in Asset Writedowns and Impairment reached 161.88% in 2022, while the deepest fall reached 239.64% in 2022.
- Wheels Up Experience's Asset Writedowns and Impairment stood at $2.1 million in 2021, then sank by 72.2% to $584000.0 in 2022, then surged by 1965.58% to $12.1 million in 2024, then soared by 67.6% to $20.2 million in 2025.
- Business Quant data shows UP's Asset Writedowns and Impairment at $20.2 million in Q1 2025, $12.1 million in Q4 2024, and $584000.0 in Q2 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Southeast Airport | 7.87 Bn | 7.22 Bn | - |
| 2 | Joby Aviation | 7.33 Bn | 7.33 Bn | 10.34 Mn |
| 3 | Central North Airport | 4.97 Bn | 4.80 Bn | - |
| 4 | Corporacion America Airports | 3.82 Bn | 3.06 Bn | 198.55 Mn |
| 5 | AerSale | 263.03 Mn | 252.97 Mn | - |
| 6 | Icts International N V | 224.60 Mn | 284.43 Mn | - |
| 7 | Wheels Up Experience | 174.90 Mn | 40.97 Mn | - |
| 8 | Saker Aviation Services | 5.71 Mn | -2.30 Mn | -11,875.00 |
| 9 | Volato | 2.33 Mn | 48,465.44 | 703,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2025 | 20.22 Mn |
| Mar 31, 2025 | 20.22 Mn |
| Dec 31, 2024 | 12.06 Mn |
| Dec 31, 2024 | 12.06 Mn |
| Jun 30, 2022 | 584,000.00 |
| Jun 30, 2022 | 584,000.00 |
| Mar 31, 2022 | -384,000.00 |
| Mar 31, 2022 | -384,000.00 |
| Dec 31, 2021 | 2.10 Mn |
| Dec 31, 2021 | 2.10 Mn |
| Sep 30, 2021 | 665,000.00 |
| Sep 30, 2021 | 665,000.00 |
| Jun 30, 2021 | 223,000.00 |
| Jun 30, 2021 | 223,000.00 |
| Mar 31, 2021 | 275,000.00 |
| Mar 31, 2021 | 275,000.00 |
| Dec 31, 2020 | 6.79 Mn |
| Dec 31, 2020 | 6.79 Mn |