Wheels Up Experience Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	1,253	1,580	1,194	694.98	384.91	Upgrade
Revenue Growth (YoY)	-20.66%	32.28%	71.84%	80.56%	15.89%	Upgrade
Cost of Revenue	1,233	1,540	1,118	634.78	340.67	Upgrade
Gross Profit	20.81	39.44	76.63	60.21	44.24	Upgrade
Selling, General & Admin	234.7	300.64	193.4	120.01	69.05	Upgrade
Research & Development	61.87	57.24	33.58	21.01	13.97	Upgrade
Other Operating Expenses	167.79	241.56	52.92	-17.85	39.35	Upgrade
Operating Expenses	464.37	599.44	279.9	123.17	122.37	Upgrade
Operating Income	-443.56	-560.01	-203.28	-62.97	-78.13	Upgrade
Interest Expense / Income	41.26	7.52	9.52	22.99	29.36	Upgrade
Other Expense / Income	1.19	-12.53	-22.84	-7.31	-11.21	Upgrade
Pretax Income	-486	-554.99	-189.96	-78.64	-96.27	Upgrade
Income Tax	1.38	0.17	0.06	0	0	Upgrade
Net Income	-487.39	-555.16	-190.02	-78.64	-96.27	Upgrade
Shares Outstanding (Basic)	132	25	20	16	10	Upgrade
Shares Outstanding (Diluted)	132	25	20	16	10	Upgrade
Shares Change	438.10%	19.97%	26.01%	56.55%	-	Upgrade
EPS (Basic)	-3.69	-22.60	-9.28	-4.80	-9.30	Upgrade
EPS (Diluted)	-3.69	-22.60	-9.28	-4.80	-9.30	Upgrade
Free Cash Flow	-637.88	-330.84	79.98	194.12	-32.95	Upgrade
Free Cash Flow Per Share	-4.83	-13.47	3.90	11.95	-3.17	Upgrade
Gross Margin	1.66%	2.50%	6.42%	8.66%	11.49%	Upgrade
Operating Margin	-35.39%	-35.45%	-17.02%	-9.06%	-20.30%	Upgrade
Profit Margin	-38.89%	-35.14%	-15.91%	-11.32%	-25.01%	Upgrade
Free Cash Flow Margin	-50.90%	-20.94%	6.70%	27.93%	-8.56%	Upgrade
EBITDA	-386.22	-481.54	-126.25	2.88	-27.56	Upgrade
EBITDA Margin	-30.82%	-30.48%	-10.57%	0.41%	-7.16%	Upgrade
Depreciation & Amortization	58.53	65.94	54.2	58.53	39.35	Upgrade
EBIT	-444.75	-547.48	-180.44	-55.65	-66.91	Upgrade
EBIT Margin	-35.49%	-34.66%	-15.11%	-8.01%	-17.38%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).