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Wheels Up Experience Inc. cash flow statement

In fiscal 2025, Wheels Up Experience Inc.'s operations generated −$166m of cash; it spent $93.6m on capital projects, leaving free cash flow of −$260m. It returned $1.6m through buybacks.

Cash flow statement

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 from operations−25210126−231−665−78−166−247
Depreciation and amortisation3841344437576155
Stock-based pay23508926464548
Capital spending4715842012394178
Free cash flow−29203111−314−685−201−260−425
Free cash flow after stock pay−3119962−403−711−247−305−474
Share buybacks—0080022
Shares issued——————48—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.