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Wheels Up Experience Inc. balance sheet

At the end of fiscal 2025, Wheels Up Experience Inc. had total assets of $969m, total liabilities of $1.36bn and shareholders' equity of −$392m. It held $134m in cash against $671m of debt: net debt of $537m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents9631378558626421613486
Receivables—507911238322428
Inventory—59292012122
Total current assets—396933820434332249222
Goodwill437437348218217210209
Total assets—1,3601,9811,9231,3161,158969927
Accounts payable—21444333302027
Deferred revenue (current)—6519341,075723749739627
Total current liabilities—8401,1351,344908917908785
Short-term debt—6302724321921
Long-term debt—1480226235376316581
Total debt02140270615761671919
Total liabilities—1,0661,2451,6711,2161,3541,3611,487
Shareholders' equity−5626873025297−202−392−560
Net debt (negative = net cash)−96−99−785−316351545537833
Shares outstanding———125m697m698m722m36m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Wheels Up Experience Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Wheels Up Experience Inc.