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 | - | |
$550m Valuation: $2.1b 3.0x EV/LTM Revenues -540.3x EV/LTM EBITDA | SPAC Private Placement | ||
$108m Valuation: $2.1b 3.0x EV/LTM Revenues -540.3x EV/LTM EBITDA | SPAC IPO | ||
* | $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 | ||
Related Content
Recent News about Wheels Up
EditTech stack
Tech stackLearn more about the technologies and tools that this company uses.
Investments by Wheels Up
Edit
ACQUISITION by Wheels Up Jan 2022