Wheels Up Experience (UP) EBT (2020 - 2025)
Wheels Up Experience (UP) posted quarterly EBT of -$82.4 million for Q3 2025, down 43.74% year-over-year from -$146.4 million in Q3 2024, and down 1.3% quarter-over-quarter from -$81.3 million in Q2 2025.
Wheels Up Experience (UP) EBT (2020 - 2025) Analysis & Trends
Wheels Up Experience's EBT history runs 6 years deep, the most recent figure standing at -$82.4 million for Q3 2025.
- In Q3 2025, EBT fell 43.74% year-over-year to -$82.4 million; the TTM figure through Sep 2025 stood at -$350.0 million (down 5.48% YoY), while the FY2024 annual figure was -$338.4 million, up 30.37% from the prior year.
- EBT for Q3 2025 stood at -$82.4 million, down from -$81.3 million in the prior quarter.
- The five-year high for EBT was -$29.0 million in Q2 2021, with the low at -$225.2 million in Q4 2022.
- The 5-year median for EBT is -$92.4 million (2022), against an average of -$103.2 million.
- The sharpest annual moves came in 2021 and 2023: EBT tumbled 478.0% in 2021, then surged 64.27% in 2023.
- Wheels Up Experience's EBT stood at -$197.2 million in 2021, then slipped by 14.24% to -$225.2 million in 2022, then surged by 64.27% to -$80.5 million in 2023, then declined by 8.15% to -$87.0 million in 2024, then grew by 5.34% to -$82.4 million in 2025.
- Business Quant data shows UP's EBT at -$82.4 million in Q3 2025, -$81.3 million in Q2 2025, and -$99.2 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Southeast Airport | 7.81 Bn | 7.16 Bn | - | - |
| 2 | Joby Aviation | 7.35 Bn | 7.35 Bn | 10.34 Mn | -245.30 Mn |
| 3 | Central North Airport | 4.92 Bn | 4.75 Bn | - | - |
| 4 | Corporacion America Airports | 3.78 Bn | 3.02 Bn | 198.55 Mn | 128.30 Mn |
| 5 | AerSale | 263.27 Mn | 253.21 Mn | - | - |
| 6 | Icts International N V | 217.05 Mn | 189.86 Mn | - | - |
| 7 | Wheels Up Experience | 171.38 Mn | 37.46 Mn | - | - |
| 8 | Saker Aviation Services | 5.71 Mn | -2.30 Mn | -11,875.00 | -21,283.00 |
| 9 | Volato | 2.16 Mn | -115,021.80 | 703,000.00 | -2.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -82.40 Mn |
| Jun 30, 2025 | -81.34 Mn |
| Mar 31, 2025 | -99.24 Mn |
| Dec 31, 2024 | -87.04 Mn |
| Sep 30, 2024 | -57.33 Mn |
| Jun 30, 2024 | -96.53 Mn |
| Mar 31, 2024 | -97.51 Mn |
| Dec 31, 2023 | -80.48 Mn |
| Sep 30, 2023 | -144.23 Mn |
| Jun 30, 2023 | -160.61 Mn |
| Mar 31, 2023 | -100.68 Mn |
| Dec 31, 2022 | -225.25 Mn |
| Sep 30, 2022 | -148.65 Mn |
| Jun 30, 2022 | -92.44 Mn |
| Mar 31, 2022 | -89.04 Mn |
| Dec 31, 2021 | -197.17 Mn |
| Sep 30, 2021 | -59.46 Mn |
| Jun 30, 2021 | -28.95 Mn |
| Mar 31, 2021 | -32.21 Mn |
| Dec 31, 2020 | -34.11 Mn |