Filing Flows › Wheels Up Experience (UP) › Q3 2026
Wheels Up Experience (UP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Wheels Up Experience (UP) reported revenue of $165M for the third quarter 2026 (Q3 2026), -11% from a year earlier and -9% from the quarter before. Operating margin was -30.5%, net loss $89.4M (54.3% of revenue).
Wheels Up Experience, Q3 2026: revenue $165M (-11% year over year), operating margin -30.5%, net loss $89.4M, operating cash flow −$17.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $165M | -9% | -11% |
| Operating profit | −$50.3M | — | — |
| Net earnings | −$89.4M | — | — |
| Operating cash flow | −$17.1M | — | — |
What changed
Revenue was $164.8M in Q3 2026, down 11% year over year and down 9% from the previous quarter.
Operating costs exceeded revenue by $50.3M, an operating margin of -30.5%. Total costs fell 13% while revenue fell 11%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $89.4M, narrower than the previous quarter's $107.2M loss.
Operating cash flow was −$17.1M. Non-cash charges added back $4.6M of depreciation and amortization and $12.3M of share-based compensation. Working capital and other items added $55.5M. Capital expenditures of $54.0M exceeded it, leaving free cash flow of −$71.1M.
Questions
What was Wheels Up Experience's revenue in the third quarter 2026?
Wheels Up Experience (UP) reported revenue of $165M for the third quarter 2026 (Q3 2026), -11% from a year earlier and -9% from the quarter before.
Was Wheels Up Experience profitable in the third quarter 2026?
Operating loss was $50.3M (-30.5% of revenue) and net loss $89.4M.