---
title: "WHEELS UP EXPERIENCE INC | 10-Q: FY2025 Q1 Revenue: USD 177.53 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238792861.md"
datetime: "2025-05-05T20:45:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238792861.md)
  - [en](https://longbridge.com/en/news/238792861.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238792861.md)
---

# WHEELS UP EXPERIENCE INC | 10-Q: FY2025 Q1 Revenue: USD 177.53 M

Revenue: As of FY2025 Q1, the actual value is USD 177.53 M.

EPS: As of FY2025 Q1, the actual value is USD -0.14.

EBIT: As of FY2025 Q1, the actual value is USD -99.24 M.

### Segment Revenue

-   **Membership Revenue**: $9,189 for the three months ended March 31, 2025, compared to $16,854 for the same period in 2024, representing a decrease of 45%.
-   **Flight Revenue**: $147,568 for the three months ended March 31, 2025, compared to $150,929 for the same period in 2024, representing a decrease of 2%.
-   **Other Revenue**: $20,773 for the three months ended March 31, 2025, compared to $29,318 for the same period in 2024, representing a decrease of 29%.

### Operational Metrics

-   **Net Loss**: - $99,313 for the three months ended March 31, 2025, compared to - $97,393 for the same period in 2024.
-   **Gross Margin**: -0.6% for the three months ended March 31, 2025, compared to -8.4% for the same period in 2024.
-   **Operating Loss**: - $80,766 for the three months ended March 31, 2025, compared to - $84,548 for the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $47,924 for the three months ended March 31, 2025, compared to - $73,794 for the same period in 2024.
-   **Net Cash Provided by Investing Activities**: $16,113 for the three months ended March 31, 2025, compared to $19,603 for the same period in 2024.
-   **Net Cash Used in Financing Activities**: - $8,686 for the three months ended March 31, 2025, compared to - $24,314 for the same period in 2024.

### Unique Metrics

-   **Adjusted EBITDA**: - $24,150 for the three months ended March 31, 2025, compared to - $49,229 for the same period in 2024.
-   **Adjusted Contribution Margin**: 12.6% for the three months ended March 31, 2025, compared to 1.0% for the same period in 2024.

### Future Outlook and Strategy

-   **Fleet Modernization Strategy**: Transition from four current private jet models to two different models, Embraer Phenom 300 series and Bombardier Challenger 300 series, while continuing to operate King Air 350i aircraft.
-   **Share Repurchase Program**: Approved repurchase of up to $10.0 million of shares of Class A common stock.
-   **Extension of Revolving Credit Facility Availability Period**: Extended by one year to September 20, 2026.

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- [WSUPW.US](https://longbridge.com/en/quote/WSUPW.US.md)

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