Wheels Up Experience (UP) Cost of Revenue (2020 - 2025)
Wheels Up Experience (UP) has 6 years of Cost of Revenue data on record, last reported at $172.9 million in Q3 2025.
- For Q3 2025, Cost of Revenue rose 763.14% year-over-year to $172.9 million; the TTM value through Sep 2025 reached $356.4 million, down 26.37%, while the annual FY2024 figure was $84.3 million, 93.16% down from the prior year.
- Cost of Revenue reached $172.9 million in Q3 2025 per UP's latest filing, down from $310.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.1 billion in Q3 2022 and bottomed at -$275.8 million in Q2 2022.
- Average Cost of Revenue over 5 years is $216.5 million, with a median of $250.9 million recorded in 2023.
- Peak YoY movement for Cost of Revenue: soared 2006.86% in 2022, then tumbled 159.32% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $344.4 million in 2021, then crashed by 91.48% to $29.3 million in 2022, then soared by 754.97% to $250.9 million in 2023, then crashed by 159.32% to -$148.8 million in 2024, then skyrocketed by 216.15% to $172.9 million in 2025.
- Per Business Quant database, its latest 3 readings for Cost of Revenue were $172.9 million in Q3 2025, $310.2 million in Q2 2025, and $22.2 million in Q1 2025.