Wheels Up Experience (WSUPW) Research & Development (2020 - 2025)

Wheels Up Experience's Research & Development history runs 6 years deep, the most recent figure standing at $10.2 million for Q3 2025.

• In Q3 2025, Research & Development rose 6.0% year-over-year to $10.2 million; the TTM figure through Sep 2025 stood at $39.5 million (down 7.65% YoY), while the FY2024 annual figure was $40.7 million, down 34.24% from the prior year.
• Research & Development was $10.2 million for Q3 2025 at Wheels Up Experience, up from $9.4 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $20.0 million in Q3 2023 to a low of $7.0 million in Q1 2021.
• Historically, Research & Development has averaged $11.8 million across 5 years, with a median of $10.5 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Research & Development jumped 89.75% in 2022, then sank 51.94% in 2024.
• A 5-year view of Research & Development shows it stood at $9.8 million in 2021, then soared by 51.66% to $14.8 million in 2022, then decreased by 21.59% to $11.6 million in 2023, then dropped by 18.28% to $9.5 million in 2024, then rose by 7.21% to $10.2 million in 2025.
• The last three Research & Development figures came in at $10.2 million (Q3 2025), $9.4 million (Q2 2025), and $10.5 million (Q1 2025), per Business Quant data.