--- title: "WHEELS UP EXPERIENCE INC | 8-K: FY2025 Q4 Revenue: USD 183.84 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/276328438.md" datetime: "2026-02-19T11:59:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276328438.md) - [en](https://longbridge.com/en/news/276328438.md) - [zh-HK](https://longbridge.com/zh-HK/news/276328438.md) --- # WHEELS UP EXPERIENCE INC | 8-K: FY2025 Q4 Revenue: USD 183.84 M Revenue: As of FY2025 Q4, the actual value is USD 183.84 M. EPS: As of FY2025 Q4, the actual value is USD -0.04. EBIT: As of FY2025 Q4, the actual value is USD 22.88 M. ### Financial Performance #### Net Loss Wheels Up reported a net loss of - $29 million in Q4 2025, which represents a $59 million or 67% improvement compared to the prior year. Quarterly net losses were - $81 million in 4Q23, - $97 million in 1Q24, - $97 million in 2Q24, - $58 million in 3Q24, - $88 million in 4Q24, - $99 million in 1Q25, - $82 million in 2Q25, and - $84 million in 3Q25. #### Adjusted Contribution Margin The Adjusted Contribution Margin reached 19.0% in Q4 2025. Since Q1 2024, this margin expanded from near breakeven to the mid-to-high teens. Other quarterly figures include 1.2% in 4Q23, 1.0% in 1Q24, 7.8% in 2Q24, 14.8% in 3Q24, 19.3% in 4Q24, 12.6% in 1Q25, 12.2% in 2Q25, and 12.7% in 3Q25. #### Total Gross Bookings Total Gross Bookings were $269 million in Q4 2025. Figures for previous quarters include $287 million in 4Q23, $225 million in 1Q24, $264 million in 2Q24, $255 million in 3Q24, $314 million in 4Q24, $242 million in 1Q25, $262 million in 2Q25, and $266 million in 3Q25. #### Adjusted EBITDAR Wheels Up achieved its first-ever Adjusted EBITDAR profit of $37 million in Q4 2025. This is a significant improvement from - $3 million in 4Q24. Prior quarterly Adjusted EBITDAR figures were - $55 million in 4Q23, - $41 million in 1Q24, - $29 million in 2Q24, - $12 million in 3Q24, - $19 million in 1Q25, - $25 million in 2Q25, and - $20 million in 3Q25. #### Private Jet Flight Revenue Private jet flight revenue was $162 million in Q4 2025, a slight decrease from $164 million in Q4 2024. Other quarterly private jet flight revenues were $202 million in 4Q23, $151 million in 1Q24, $164 million in 2Q24, $155 million in 3Q24, $148 million in 1Q25, $158 million in 2Q25, and $155 million in 3Q25. #### Corporate Membership Fund Sales Corporate Membership Fund Sales reached $246 million in 2025, an increase of 25% year-over-year compared to $199 million in 2024. The compound annual growth rate (CAGR) for corporate membership fund sales was 25% from 2023-2025. Historical sales include $32 million in 2020, $45 million in 2021, $106 million in 2022, and $156 million in 2023. #### Cost Reductions Wheels Up is in progress with more than $70 million in annualized cost reductions through organizational streamlining, fleet simplification, and better alignment of overhead. ### Operational Metrics #### Signature Members Nearly 600 Wheels Up Signature Memberships have been sold in the first five months. In Q4, approximately 75% of these sales were conversions of existing customers, with the remaining 25% from new and returning customers. #### Fleet Composition As of EOY 2025, the active fleet composition was 12% Turboprop, 40% Legacy jet, and 48% Premium jet. This represents a shift from EOY 2024 (59% Turboprop, 38% Legacy jet, 3% Premium jet) and EOY 2023 (65% Turboprop, 22% Legacy jet, 13% Premium jet). #### Completion Rate The Completion Rate was 99% in Q4 2025, consistent with 3Q25, and up from 98% in 2Q25 and 97% in 1Q25. #### On-Time Performance (D-60) On-Time Performance (D-60) reached 91% in Q4 2025, improving from 89% in 3Q25, 88% in 2Q25, and 85% in 1Q25. #### Brand Days Brand Days increased to 32 in Q4 2025, from 24 in 3Q25, 16 in 2Q25, and 5 in 1Q25. #### Utility For the year ended December 31, 2025, the Utility for Embraer Phenom 300 series aircraft was 60.7 hours, for Bombardier Challenger 300 series it was 48.1 hours, and for the legacy fleet aircraft it was 30.8 hours. ### Outlook / Guidance Wheels Up expects to complete its membership program and fleet transition in 2026, aiming to fully align products, services, and operations with its strategy. The company anticipates nearly doubling the size of its Phenom and Challenger fleets over the next year and expects to complete the exit of unprofitable legacy fleets from revenue service by the end of 2026. Key priorities for 2026 include growing the premium business through Signature Membership, scaling the modernized Phenom and Challenger fleet efficiently, and continuing investment in operations, customer experience, and brand. ### Related Stocks - [WSUPW.US](https://longbridge.com/en/quote/WSUPW.US.md) ## Related News & Research - [LIVE MARKETS-Life after the Fed put](https://longbridge.com/en/news/294717422.md) - [Goldman sees Brent at $80-$90 until Iran deal clarity or significant escalation](https://longbridge.com/en/news/294784140.md) - [SpaceX Earnings Today: What Could Drive SPCX Stock](https://longbridge.com/en/news/294806468.md) - [Palantir, Snap Inc.,CoreWeave, ON Semiconductor and SoFi Technologies: Why These 5 Stocks Are on Investors' Radars Today](https://longbridge.com/en/news/294761623.md) - [What's Wrong With Micron Technology Stock?](https://longbridge.com/en/news/294710998.md)