Wheels Up Experience annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Wheels Up Experience Free Cash Flow (FCF) History (UP)
Wheels Up Experience reported −$259.9M in free cash flow for fiscal 2025, a decrease of $59.2M from the previous fiscal year, with a free cash flow margin of −35.29%.
View full Wheels Up Experience company overviewWheels Up Experience free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$259.9M | −$59.2M | — | −35.29% |
| 2024 | 2024-12-31 | −$200.7M | $484.8M | — | −25.34% |
| 2023 | 2023-12-31 | −$685.5M | −$371.2M | — | −54.69% |
| 2022 | 2022-12-31 | −$314.2M | −$425.5M | — | −19.89% |
| 2021 | 2021-12-31 | $111.3M | −$91.3M | −45.07% | +9.32% |
| 2020 | 2020-12-31 | $202.5M | $231.6M | — | +29.14% |
| 2019 | 2019-12-31 | −$29.0M | — | — | −7.54% |
Wheels Up Experience quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$144.5M | −$65.8M | — | −79.39% |
| Q1 2026 | 2026-03-31 | −$162.0M | −$99.4M | — | −95.90% |
| Q4 2025 | 2025-12-31 | −$58.3M | $11.9M | — | −31.69% |
| Q3 2025 | 2025-09-30 | −$60.4M | −$38.5M | — | −32.56% |
| Q2 2025 | 2025-06-30 | −$78.6M | −$47.9M | — | −41.47% |
| Q1 2025 | 2025-03-31 | −$62.6M | $15.2M | — | −35.28% |
| Q4 2024 | 2024-12-31 | −$70.2M | −$58.5M | — | −34.26% |
| Q3 2024 | 2024-09-30 | −$21.9M | $228.0M | — | −11.32% |
| Q2 2024 | 2024-06-30 | −$30.8M | $181.9M | — | −15.68% |
| Q1 2024 | 2024-03-31 | −$77.8M | $133.4M | — | −39.48% |
| Q4 2023 | 2023-12-31 | −$11.6M | −$65.8M | — | −4.73% |
| Q3 2023 | 2023-09-30 | −$249.9M | −$98.2M | — | −78.09% |
| Q2 2023 | 2023-06-30 | −$212.6M | −$183.6M | — | −63.46% |
| Q1 2023 | 2023-03-31 | −$211.2M | −$23.7M | — | −60.04% |
| Q4 2022 | 2022-12-31 | $54.1M | −$216.2M | −79.98% | +13.26% |
| Q3 2022 | 2022-09-30 | −$151.7M | −$116.3M | — | −36.10% |
| Q2 2022 | 2022-06-30 | −$29.1M | $7.6M | — | −6.83% |
| Q1 2022 | 2022-03-31 | −$187.6M | −$100.6M | — | −57.60% |
| Q4 2021 | 2021-12-31 | $270.4M | — | — | +78.35% |
| Q3 2021 | 2021-09-30 | −$35.4M | — | — | −11.73% |
| Q2 2021 | 2021-06-30 | −$36.7M | — | — | −12.85% |
| Q1 2021 | 2021-03-31 | −$87.0M | — | — | −33.25% |
Wheels Up Experience free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $202.5M to −$259.9M, a net decrease of $462.5M. Wheels Up Experience's latest reported quarter, Q2 2026, generated −$144.5M in free cash flow, a decrease of $65.8M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Wheels Up Experience filings at SEC.gov ↗