Wheels Up Experience (UP) Research & Development (2020 - 2025)
Wheels Up Experience (UP) posted quarterly Research & Development of $22.1 million for Q3 2025, up 10.26% year-over-year from $20.0 million in Q3 2024, and down 9.44% quarter-over-quarter from $24.4 million in Q2 2025.
Wheels Up Experience (UP) Research & Development (2020 - 2025) Analysis & Trends
Wheels Up Experience's Research & Development history runs 6 years deep, the most recent figure standing at $22.1 million for Q3 2025.
- In Q3 2025, Research & Development rose 10.26% year-over-year to $22.1 million; the TTM figure through Sep 2025 stood at $90.0 million (up 12.12% YoY), while the FY2024 annual figure was $84.3 million, down 5.08% from the prior year.
- Research & Development for Q3 2025 stood at $22.1 million, down from $24.4 million in the prior quarter.
- The five-year high for Research & Development was $33.7 million in Q2 2022, with the low at $15.8 million in Q1 2021.
- The 5-year median for Research & Development is $22.2 million (2025), against an average of $23.1 million.
- The sharpest annual moves came in 2022 and 2023: Research & Development surged 88.25% in 2022, then tumbled 40.96% in 2023.
- Wheels Up Experience's Research & Development stood at $24.2 million in 2021, then advanced by 21.15% to $29.3 million in 2022, then plunged by 40.96% to $17.3 million in 2023, then grew by 23.33% to $21.4 million in 2024, then gained by 3.34% to $22.1 million in 2025.
- Business Quant data shows UP's Research & Development at $22.1 million in Q3 2025, $24.4 million in Q2 2025, and $22.2 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Southeast Airport | 7.81 Bn | 7.16 Bn | - | - |
| 2 | Joby Aviation | 7.35 Bn | 7.35 Bn | 10.34 Mn | 194.66 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 |
|---|---|
| Sep 30, 2025 | 22.08 Mn |
| Jun 30, 2025 | 24.39 Mn |
| Mar 31, 2025 | 22.16 Mn |
| Dec 31, 2024 | 21.37 Mn |
| Sep 30, 2024 | 20.03 Mn |
| Jun 30, 2024 | 21.48 Mn |
| Mar 31, 2024 | 21.44 Mn |
| Dec 31, 2023 | 17.33 Mn |
| Sep 30, 2023 | 22.55 Mn |
| Jun 30, 2023 | 23.15 Mn |
| Mar 31, 2023 | 25.80 Mn |
| Dec 31, 2022 | 29.35 Mn |
| Sep 30, 2022 | 30.83 Mn |
| Jun 30, 2022 | 33.69 Mn |
| Mar 31, 2022 | 23.24 Mn |
| Dec 31, 2021 | 24.23 Mn |
| Sep 30, 2021 | 22.16 Mn |
| Jun 30, 2021 | 17.90 Mn |
| Mar 31, 2021 | 15.79 Mn |
| Dec 31, 2020 | 16.23 Mn |