Wheels Up
Revolutionary membership-based private aviation company that reduces the upfront cost to fly privately while providing an unrivaled lifestyle platform.
Launch date
Employees
Market cap
€1.4b
Enterprise valuation
€1.6b (Public information from Sep 2024)
Share price
$2.46 UP
New York City New York (HQ)
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|
Revenues | 385m | 695m | 1.2b | 1.6b | 1.3b | 1.7b | 2.1b |
% growth | - | 81 % | 72 % | 32 % | (21 %) | 34 % | 26 % |
EBITDA | (38.2m) | (3.9m) | (150m) | (316m) | (270m) | (55.0m) | 33.0m |
% EBITDA margin | (10 %) | (1 %) | (13 %) | (20 %) | (22 %) | (3 %) | 2 % |
Profit | (96.3m) | (78.6m) | (190m) | (507m) | (487m) | (148m) | (61.0m) |
% profit margin | (25 %) | (11 %) | (16 %) | (32 %) | (39 %) | (9 %) | (3 %) |
EV / revenue | - | 0.4x | 0.4x | 0.0x | 2.0x | 1.2x | 0.9x |
EV / EBITDA | - | -69.3x | -3.1x | -0.1x | -9.1x | -35.5x | 59.1x |
R&D budget | 14.0m | 21.0m | 33.6m | 57.2m | 61.9m | - | - |
R&D % of revenue | 4 % | 3 % | 3 % | 4 % | 5 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$55.7m | Early VC | ||
N/A | Seed | ||
$115m | Growth Equity VC | ||
N/A | $121m | Debt | |
$118m | Growth Equity VC | ||
$128m Valuation: $972m | Growth Equity VC | ||
$108m Valuation: $2.1b 3.0x EV/LTM Revenues -540.3x EV/LTM EBITDA | SPAC IPO | ||
$550m Valuation: $2.1b 3.0x EV/LTM Revenues -540.3x EV/LTM EBITDA | SPAC Private Placement | ||
* | $500m Valuation: $526m 0.3x EV/LTM Revenues -1.7x EV/LTM EBITDA | Acquisition | |
* | $15.0m | Debt | |
* | $40.0m | Post IPO Debt | |
Total Funding | €878m |
Recent News about Wheels Up
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Investments by Wheels Up
EditACQUISITION by Wheels Up Jan 2022