Quarterly ResultNov 5, 2026, 09:12 AM
Wheels Up Q3 Net Loss Widens to $89.4M on Lower Revenue
AI Summary
Wheels Up Experience Inc. filed its Form 10-Q for the period ending September 30, 2026. The company reported a net loss of $89.44 million for the third quarter of 2026, an increase from the $83.73 million net loss in the same period of 2025. Revenue also declined to $164.79 million from $185.49 million year-over-year. The balance sheet shows a significant increase in long-term debt and a decrease in cash and cash equivalents.
Key Highlights
- Wheels Up reported a net loss of $89.44 million for Q3 2026, compared to a net loss of $83.73 million in Q3 2025.
- Revenue for Q3 2026 was $164.79 million, a decrease from $185.49 million in Q3 2025.
- Total assets decreased to $916.54 million as of September 30, 2026, from $968.81 million as of December 31, 2025.
- Total liabilities increased to $1,553.73 million as of September 30, 2026, from $1,360.92 million as of December 31, 2025.
- Long-term debt, net, significantly increased to $683.98 million as of September 30, 2026, from $316.36 million as of December 31, 2025.
- Cash and cash equivalents decreased to $51.81 million as of September 30, 2026, from $133.93 million as of December 31, 2025.
Price Impact
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