Wheels Up Experience Inc (UP) - Net Assets
Based on the latest financial reports, Wheels Up Experience Inc (UP) has net assets worth $-465.69 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($916.24 Million) and total liabilities ($1.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Wheels Up Experience Inc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-465.69 Million |
| % of Total Assets | -50.83% |
| Annual Growth Rate | N/A |
| 5-Year Change | -153.26% |
| 10-Year Change | N/A |
| Growth Volatility | 158.15 |
Wheels Up Experience Inc - Net Assets Trend (2019–2025)
This chart illustrates how Wheels Up Experience Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Wheels Up Experience Inc stock valuation.
Annual Net Assets for Wheels Up Experience Inc (2019–2025)
The table below shows the annual net assets of Wheels Up Experience Inc from 2019 to 2025. Also explore UP net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-392.10 Million | -99.82% |
| 2024-12-31 | $-196.23 Million | -296.48% |
| 2023-12-31 | $99.87 Million | -66.70% |
| 2022-12-31 | $299.92 Million | -59.26% |
| 2021-12-31 | $736.23 Million | +150.57% |
| 2020-12-31 | $293.83 Million | +622.32% |
| 2019-12-31 | $-56.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wheels Up Experience Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 227482200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $72.00K | % |
| Other Comprehensive Income | $-5.63 Million | % |
| Other Components | $2.01 Billion | % |
| Total Equity | $-392.10 Million | 100.00% |
Wheels Up Experience Inc Competitors by Market Cap
The table below lists competitors of Wheels Up Experience Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eolus Vind AB (publ)
ST:EOLU-B
|
$129.81 Million |
|
Annehem Fastigheter AB
ST:ANNE-B
|
$129.82 Million |
|
First Guaranty Bancshares, Inc.
NASDAQ:FGBI
|
$129.83 Million |
|
La Française de l'Energie S.A.
PA:FDE
|
$129.91 Million |
|
Xanadu Mines Ltd
AU:XAM
|
$129.69 Million |
|
Prospect Resources Ltd
AU:PSC
|
$129.68 Million |
|
Bank Dinar Indonesia Tbk PT
JK:DNAR
|
$129.67 Million |
|
Excellence Optoelectronic Inc
TW:6288
|
$129.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wheels Up Experience Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -196,228,000 to -392,101,000, a change of -195,873,000.
- Net loss of 294,217,000 reduced equity.
- Share repurchases of 1,633,000 reduced equity.
- New share issuances of 47,517,000 increased equity.
- Other comprehensive income increased equity by 7,029,000.
- Other factors increased equity by 45,431,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-294.22 Million | -75.04% |
| Share Repurchases | $1.63 Million | -0.42% |
| Share Issuances | $47.52 Million | +12.12% |
| Other Comprehensive Income | $7.03 Million | +1.79% |
| Other Changes | $45.43 Million | +11.59% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Wheels Up Experience Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.23 | $3.58 | x |
| 2020-12-31 | $1.20 | $3.58 | x |
| 2021-12-31 | $3.60 | $3.58 | x |
| 2022-12-31 | $1.22 | $3.58 | x |
| 2023-12-31 | $0.76 | $3.58 | x |
| 2024-12-31 | $-0.28 | $3.58 | x |
| 2025-12-31 | $-11.11 | $3.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wheels Up Experience Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.95%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-103.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -25.01% | 0.73x | 0.00x | $-90.65 Million |
| 2020 | -26.76% | -11.32% | 0.51x | 4.63x | $-108.02 Million |
| 2021 | -25.81% | -15.91% | 0.60x | 2.69x | $-263.64 Million |
| 2022 | -185.10% | -35.14% | 0.80x | 6.57x | $-585.15 Million |
| 2023 | -488.01% | -38.89% | 0.95x | 13.18x | $-497.37 Million |
| 2024 | 0.00% | -42.88% | 0.68x | 0.00x | $-320.01 Million |
| 2025 | 0.00% | -39.95% | 0.76x | 0.00x | $-255.01 Million |
Industry Comparison
This section compares Wheels Up Experience Inc's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $4,175,948,893
- Average return on equity (ROE) among peers: -0.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wheels Up Experience Inc (UP) | $-465.69 Million | 0.00% | N/A | $129.81 Million |
| AerSale Corp (ASLE) | $351.45 Million | 2.30% | 0.11x | $256.29 Million |
| Grupo Aeroportuario del Sureste SAB de CV ADR (ASR) | $9.97 Billion | 2.10% | 0.03x | $8.73 Billion |
| Blade Air Mobility Inc (BLDE) | $291.37 Million | -13.75% | 0.15x | $386.42 Million |
| Blade Air Mobility Inc (BLDEW) | $266.27 Million | -4.07% | 0.04x | $1.66K |
| Corporacion America Airports (CAAP) | $834.10 Million | 12.65% | 2.92x | $3.86 Billion |
| Joby Aviation (JOBY) | $1.32 Billion | -13.69% | 0.13x | $6.02 Billion |
| Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) | $7.47 Billion | 0.42% | 0.22x | $4.10 Billion |
| Grupo Aeroportuario del Pacifico SAB De CV ADR (PAC) | $21.29 Billion | 10.54% | 0.14x | $11.25 Billion |
| Volato Group Inc. (SOAR) | $-16.33 Million | 0.00% | 0.00x | $1.08 Million |
| Volato Group Inc. (SOAR) | $-16.33 Million | 0.00% | 0.00x | $5.64 Million |
About Wheels Up Experience Inc
Wheels Up Experience Inc. provides on-demand private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of a simplified on-ramp to private flying services to individual and business private flyers; Wheels Up charter solutions which allows members and customers to book charter trips with no upfront costs. It also provides cargo… Read more