Wheels Up Experience (UP) Free Cash Flow (2020 - 2025)
Wheels Up Experience (UP) posted quarterly Free Cash Flow of -$60.4 million for Q3 2025, down 267.8% year-over-year from $36.0 million in Q3 2024, and up 23.2% quarter-over-quarter from -$78.6 million in Q2 2025.
Wheels Up Experience (UP) Free Cash Flow (2020 - 2025) Analysis & Trends
Wheels Up Experience's Free Cash Flow history runs 6 years deep, the most recent figure standing at -$60.4 million for Q3 2025.
- In Q3 2025, Free Cash Flow fell 267.8% year-over-year to -$60.4 million; the TTM figure through Dec 2025 stood at -$201.7 million (changed 0.48% YoY), while the FY2024 annual figure was -$200.7 million, up 71.23% from the prior year.
- Free Cash Flow for Q3 2025 stood at -$60.4 million, up from -$78.6 million in the prior quarter.
- The five-year high for Free Cash Flow was $254.3 million in Q4 2021, with the low at -$270.4 million in Q3 2023.
- The 5-year median for Free Cash Flow is -$62.6 million (2025), against an average of -$69.6 million.
- The sharpest annual moves came in 2021 and 2024: Free Cash Flow soared 17548.17% in 2021, then tumbled 11421.04% in 2024.
- Wheels Up Experience's Free Cash Flow stood at $254.3 million in 2021, then plunged by 78.71% to $54.1 million in 2022, then sank by 98.32% to $908000.0 in 2023, then sank by 11421.04% to -$102.8 million in 2024, then jumped by 41.25% to -$60.4 million in 2025.
- Business Quant data shows UP's Free Cash Flow at -$60.4 million in Q3 2025, -$78.6 million in Q2 2025, and -$62.6 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Southeast Airport | 7.81 Bn | 7.16 Bn | - | - |
| 2 | Joby Aviation | 7.35 Bn | 7.35 Bn | 10.34 Mn | -201.78 Mn |
| 3 | Central North Airport | 4.92 Bn | 4.75 Bn | - | - |
| 4 | Corporacion America Airports | 3.78 Bn | 3.02 Bn | 198.55 Mn | 105.24 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 | -258,469.00 |
| 9 | Volato | 2.16 Mn | -115,021.80 | 703,000.00 | -2.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -60.40 Mn |
| Sep 30, 2025 | -60.40 Mn |
| Jun 30, 2025 | -78.64 Mn |
| Jun 30, 2025 | -78.64 Mn |
| Mar 31, 2025 | -62.63 Mn |
| Mar 31, 2025 | -62.63 Mn |
| Dec 31, 2024 | -102.80 Mn |
| Dec 31, 2024 | -102.80 Mn |
| Sep 30, 2024 | -16.42 Mn |
| Sep 30, 2024 | -16.42 Mn |
| Jun 30, 2024 | -17.15 Mn |
| Jun 30, 2024 | -17.15 Mn |
| Mar 31, 2024 | -64.34 Mn |
| Mar 31, 2024 | -64.34 Mn |
| Dec 31, 2023 | 908,000.00 |
| Dec 31, 2023 | 908,000.00 |
| Sep 30, 2023 | -270.39 Mn |
| Sep 30, 2023 | -270.39 Mn |
| Jun 30, 2023 | -216.86 Mn |
| Jun 30, 2023 | -216.86 Mn |