Wheels Up Experience Inc. (UP) intrinsic value & 10-year financials
Wheels Up Experience Inc. (UP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 11.4% a year to $736.5M, with an average return on invested capital of -446.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.46
- Market cap
- $2.4B
- Revenue (FY2025)
- $736.5M
- Revenue growth (8-yr CAGR)
- 11.4%
- ROIC (10-yr avg)
- -446.5%
- Free cash flow (FY2025)
- -$259.9M
UP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $736.5M | -$294.2M | -$0.42 | -$259.9M | -27.6% | 1391.7% |
| FY2024 | $792.1M | -$339.6M | -$0.49 | -$200.7M | -32.7% | -275.5% |
| FY2023 | $1.3B | -$487.4M | -$3.69 | -$685.5M | -35.4% | -593.2% |
| FY2022 | $1.6B | -$555.2M | -$2.26 | -$314.2M | -35.4% | -3604.6% |
| FY2021 | $1.2B | -$190.0M | -$0.93 | $111.3M | -17.0% | -135.2% |
| FY2020 | $695.0M | -$78.6M | -$0.48 | $202.5M | -9.1% | -23.2% |
| FY2019 | $384.9M | -$96.3M | -$0.93 | -$29.0M | -20.3% | 114.5% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Wheels Up Experience Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Wheels Up Experience Inc. has historically struggled to out-earn its cost of capital, averaging just -10.7% ROIC.
Wheels Up Experience Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Wheels Up Experience Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-8.88 per share.