Filing Flows › Wheels Up Experience (UP) › Q2 2026 › vs Q2 2025
Wheels Up Experience (UP) Q2 2026 vs Q2 2025 (year over year)
Wheels Up Experience's revenue fell $7.6M (-4%) from $190M in Q2 2025 to $182M in Q2 2026.
Wheels Up Experience, Q2 2026: revenue $182M (-4% year over year), operating margin -40.9%, net loss $107M, operating cash flow −$91.6M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $182M | $190M | −$7.6M | -4% |
| Income tax benefit | $119K | −$959K | $1.1M | — |
| Net loss | $107M | $82.3M | $24.9M | +30% |
| Costs & expenses | $289M | $272M | $17.4M | +6% |
| Operating costs | $256M | $249M | $7.2M | +3% |
| Interest & other, net | $33.0M | $21.7M | $11.2M | +52% |
| Cost of revenue | $160M | $174M | −$13.6M | -8% |
| Research & development | $8.8M | $9.4M | −$516K | -6% |
| Sales & marketing | $26.7M | $24.4M | $2.4M | +10% |
| General & admin | $31.7M | $30.2M | $1.4M | +5% |
| Other operating costs | $28.8M | $11.3M | $17.5M | +155% |
| Operating cash sources | $108M | $75.8M | $32.4M | +43% |
| Depreciation & amortization | $4.0M | $4.6M | −$600K | -13% |
| Share-based compensation | $12.5M | $8.3M | $4.2M | +51% |
| Cash used in operations | $91.6M | $62.9M | $28.7M | +46% |
| Net loss absorbed | $107M | $82.3M | $24.9M | +30% |
| Working capital & other | $923K | −$6.5M | $7.4M | — |
Questions
How much did Wheels Up Experience's revenue grow year over year in Q2 2026?
Wheels Up Experience's revenue fell $7.6M (-4%) from $190M in Q2 2025 to $182M in Q2 2026.