Filing Flows › Wheels Up Experience (UP) › Q2 2026
Wheels Up Experience (UP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Wheels Up Experience (UP) reported revenue of $182M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +8% from the quarter before. Operating margin was -40.9%, net loss $107M (58.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $182M | +8% | -4% |
| Operating profit | −$74.4M | — | — |
| Net earnings | −$107M | — | — |
| Operating cash flow | −$91.6M | — | — |
What changed
Revenue was $182.0M in Q2 2026, down 4% year over year and up 8% from the previous quarter.
Operating costs exceeded revenue by $74.4M, an operating margin of -40.9%. Total costs grew 3% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+155%). The quarter ended with a net loss of $107.2M, wider than the previous quarter's $83.0M loss.
Operating cash flow was −$91.6M. Non-cash charges added back $4.0M of depreciation and amortization and $12.5M of share-based compensation. Capital expenditures of $52.9M exceeded it, leaving free cash flow of −$144.5M.
Questions
What was Wheels Up Experience's revenue in the second quarter 2026?
Wheels Up Experience (UP) reported revenue of $182M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +8% from the quarter before.
Was Wheels Up Experience profitable in the second quarter 2026?
Operating loss was $74.4M (-40.9% of revenue) and net loss $107M.