UP

Wheels Up Experience

Fundamental data last updated:April 13, 2026

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company profile

SECTOR

Industrials

industry

Airports & Air Services

Exchange

NYSE

County of HQ

United States

Next Earnings Date

05/07/26

Business Summary

Wheels Up Experience operates a membership-based private aviation platform, generating revenue by selling flight hours, arranging charter services, and providing aviation-related access to high-net-worth clients. The model depends on aggregating demand, optimizing fleet access, and leveraging fixed aviation infrastructure across a membership base. Cash generation hinges on maintaining high utilization rates and disciplined cost control in an asset-intensive environment. The competitive moat, to the extent it exists, lies in brand recognition, customer relationships, and network density—but these advantages are fragile if capital constraints limit service reliability or fleet scale.

 


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VALUATION

P/E

-

Market Cap ($M USD)

$355

Forward P/E

-

PEG

-

PRICE TO SALES

0.5

PRICE TO BOOK

-

EV / EBITDA

-5

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$0.42

Next Year EPS Growth Estimate

-

Next Year Revenue Growth Estimate

-

Return on Equity (ROE)

75.00%

FREE CASH FLOW

Operating Margin

-35.30%

Debt-to-Equity

-

Piotroski F-Score

3

Altman Z-Score

-4.2

Return on Invested Capital (ROIC)

-250.70%

Current Ratio

0.3

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

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Gainseekers Quantitative Analysis

Summary

This is a distressed, highly speculative equity masquerading as a turnaround. With negative earnings (EPS -5), no P/E or Forward P/E, and an Altman Z-Score of -4.2, the balance sheet signals acute financial distress risk. A Piotroski F-Score of 3 reinforces weak fundamental quality, while ROIC at -250.70% shows capital is being destroyed at an alarming rate. The market cap of $355M against a Price/Sales of 0.5 suggests deep skepticism, but this is not a classic mispricing—it reflects a company with impaired economics, negative equity dynamics, and severe solvency concerns rather than a misunderstood growth story.

AI Exposure / Tech Reliance

As an Airports & Air Services operator, the company sits in a logistics-heavy, operationally complex sector where AI can optimize routing, fleet utilization, pricing, and maintenance scheduling. The industry can benefit from predictive analytics and dynamic capacity management, but these tools enhance efficiency rather than fundamentally change capital intensity. Technology can improve margins at the edges, but it cannot fix structural balance sheet weakness.

The Bull Case

A deep value investor could argue the market is already pricing in near-collapse, creating asymmetric upside. The stock trades at just 0.5x sales with a $355M market cap, and the reported 75.00% operating margin suggests that, at the operating level, there may be segments with strong contribution economics before financing and capital structure effects. EPS is projected to improve dramatically from -5 to -0.42 next year, implying a potential inflection. Institutional ownership at 25.00% indicates some professional participation, and a Piotroski F-Score of 3, while weak, leaves room for measurable improvement—if management stabilizes liquidity and halts capital destruction, even modest operational normalization could re-rate the equity sharply from distressed levels.

The Bear Case

The bear case is overwhelming. An Altman Z-Score of -4.2 and a current ratio of 0.3 point to severe liquidity stress and elevated bankruptcy risk. Debt/Equity at -35.30% signals a deeply impaired capital structure, while ROIC of -250.70% confirms systemic value destruction. There is no P/E, no forward multiple, no dividend support, and EPS remains negative even on a forward estimate basis. A Piotroski F-Score of 3 characterizes a fundamentally weak business, and without positive returns on invested capital, any revenue growth would likely compound losses rather than create equity value.

Market Sentiment & Smart Money

Short Interest %

14.80%

Analyst Consensus

1

Average Analyst Price Target

$25.00

Institutional Ownership %

80.70%

1-Year Beta

2.47

Insider Buying % (6 Mo)

13.20%%

Distance to 52-Week High

14.10%

Distance to 52-Week Low

119.80%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.