Wheels Up Experience Inc.

UPNYSEIndustrials● Active

$7.20

$-0.62(-7.93%)

Market Cap$260849520

P/E Ratio—

52W High$70

52W Low$4.69

Avg Volume163K

Open$8.06

Beta2.07

Overview

Wheels Up Experience Inc. (UP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

UP · free cash flow · updated Jun 8, 2026

Core FCF metrics

UP · FCF · TTM · margin & CAGR

Free cash flow was −$259.9M for FY2025 (fiscal year ending 2025-12-31), down 19.2% year-over-year The FCF margin was -35.3%.

FY2025 Free Cash Flow−$259.9M▼ -19.2% YoY

Trailing 12M (TTM)−$362.7Mtrailing 4 quarters sum

FCF Margin-35.3%−$259.9M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

UP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$166.3M(94M)−$259.9M▼ 19.2%-35.3%

FY2024−$77.9M(140M)−$218.1M▲ +68.9%-27.5%

FY2023−$665.3M(37M)−$702.0M▼ 83.7%-56.0%

FY2022−$230.7M(151M)−$382.0M▼ 675.3%-24.2%

FY2021$126.5M(60M)$66.4M▼ 65.8%5.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

UP · P/FCF · FCF yield · FCF per share

Wheels Up Experience Inc. (UP) reported negative free cash flow of −$0.26B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

UP · cash flow statement · operating / investing / financing

For FY2025, Wheels Up Experience Inc. generated −$166.3M in operating cash flow and spent 94M in capital expenditures, yielding −$259.9M in free cash flow.

Operating Activities

−$166.3M

Cash from core business operations

2025-12-31

Investing Activities

+$180.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$98.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$166.3M) − |CapEx| (94M) = FCF (−$259.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

UP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Wheels Up Experience Inc.YOU

−$259.9M-19.2%-35.3%

Loss

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Wheels Up Experience Inc. (UP) reported free cash flow of −$259.9M for FY2025 (fiscal year ending 2025-12-31), down 19.2% year-over-year. The FCF margin was -35.3%.

Based on available data, Wheels Up Experience Inc. has maintained positive free cash flow for at least 2 fiscal year(s). FCF peaked at $194.1M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

UP free cash flow · 8 questions

Wheels Up Experience Inc. free cash flow was −$259.9M for FY2025, down 19.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$362.7M.

UP free cash flowUP FCFUP FCF 2025UP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Wheels Up Experience Inc. · Wheels Up Experience Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026