Wheels Up Experience (UP) Operating Leases (2020 - 2025)
Wheels Up Experience (UP) posted quarterly Operating Leases of $121.1 million for Q4 2025, up 138.27% year-over-year from $50.8 million in Q4 2024, and up 120.57% quarter-over-quarter from $54.9 million in Q3 2025.
Wheels Up Experience (UP) Operating Leases (2020 - 2025) Analysis & Trends
Wheels Up Experience's Operating Leases history runs 6 years deep, the most recent figure standing at $121.1 million for Q4 2025.
- In Q4 2025, Operating Leases rose 138.27% year-over-year to $121.1 million; the TTM figure through Dec 2025 stood at $121.1 million (up 138.27% YoY), while the FY2025 annual figure was $121.1 million, up 138.27% from the prior year.
- Operating Leases for Q4 2025 stood at $121.1 million, up from $54.9 million in the prior quarter.
- The five-year high for Operating Leases was $124.0 million in Q1 2022, with the low at $50.8 million in Q4 2024.
- The 5-year median for Operating Leases is $82.7 million (2022), against an average of $85.7 million.
- The sharpest annual moves came in 2023 and 2025: Operating Leases plunged 33.59% in 2023, then surged 138.27% in 2025.
- Wheels Up Experience's Operating Leases stood at $83.5 million in 2021, then dropped by 0.85% to $82.8 million in 2022, then slumped by 33.59% to $55.0 million in 2023, then fell by 7.54% to $50.8 million in 2024, then soared by 138.27% to $121.1 million in 2025.
- Business Quant data shows UP's Operating Leases at $121.1 million in Q4 2025, $54.9 million in Q3 2025, and $59.4 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Southeast Airport | 7.81 Bn | 7.16 Bn | - |
| 2 | Joby Aviation | 7.35 Bn | 7.35 Bn | 10.34 Mn |
| 3 | Central North Airport | 4.92 Bn | 4.75 Bn | - |
| 4 | Corporacion America Airports | 3.78 Bn | 3.02 Bn | 198.55 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 |
| 9 | Volato | 2.16 Mn | -115,021.80 | 703,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 121.07 Mn |
| Sep 30, 2025 | 54.89 Mn |
| Jun 30, 2025 | 59.37 Mn |
| Mar 31, 2025 | 63.08 Mn |
| Dec 31, 2024 | 50.81 Mn |
| Sep 30, 2024 | 63.05 Mn |
| Jun 30, 2024 | 68.71 Mn |
| Mar 31, 2024 | 71.81 Mn |
| Dec 31, 2023 | 54.96 Mn |
| Sep 30, 2023 | 82.55 Mn |
| Jun 30, 2023 | 100.44 Mn |
| Mar 31, 2023 | 106.68 Mn |
| Dec 31, 2022 | 82.76 Mn |
| Sep 30, 2022 | 117.08 Mn |
| Jun 30, 2022 | 119.18 Mn |
| Mar 31, 2022 | 124.00 Mn |
| Dec 31, 2021 | 83.46 Mn |
| Sep 30, 2021 | 119.40 Mn |
| Dec 31, 2020 | 56.36 Mn |