Filing Flows › Wheels Up Experience (UP) › Q2 2025
Wheels Up Experience (UP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Wheels Up Experience (UP) reported revenue of $190M for the second quarter 2025 (Q2 2025), -3% from a year earlier and +7% from the quarter before. Operating margin was -31.4%, net loss $82.3M (43.4% of revenue).
Wheels Up Experience, Q2 2025: revenue $190M (-3% year over year), operating margin -31.4%, net loss $82.3M, operating cash flow −$62.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $190M | +7% | -3% |
| Operating profit | −$59.6M | — | — |
| Net earnings | −$82.3M | — | — |
| Operating cash flow | −$62.9M | — | — |
What changed
Revenue was $189.6M in Q2 2025, down 3% year over year and up 7% from the previous quarter.
Operating costs exceeded revenue by $59.6M, an operating margin of -31.4%. Total costs fell 9% while revenue fell 3%. The fastest-growing cost line was Sales & marketing (+14%). The quarter ended with a net loss of $82.3M, narrower than the previous quarter's $99.3M loss.
Operating cash flow was −$62.9M. Non-cash charges added back $4.6M of depreciation and amortization and $8.3M of share-based compensation. Working capital and other items added $6.5M. Capital expenditures of $15.8M exceeded it, leaving free cash flow of −$78.6M.
Questions
What was Wheels Up Experience's revenue in the second quarter 2025?
Wheels Up Experience (UP) reported revenue of $190M for the second quarter 2025 (Q2 2025), -3% from a year earlier and +7% from the quarter before.
Was Wheels Up Experience profitable in the second quarter 2025?
Operating loss was $59.6M (-31.4% of revenue) and net loss $82.3M.