Wheels Up Valuation Multiples

Wheels Up Overview

About Wheels Up

Wheels Up Experience Inc is a provider of on-demand private aviation in the United States. It is pioneering data and technology-driven solutions that connect consumers to safety-vetted and verified private aircraft. It connects private flyers to aircraft, and one another, through an open platform that enables life's most important experiences. Its offering is delivered through a mix of programmatic and charter options that strategically utilize its owned and leased aircraft fleet and an "asset-light" charter model to deliver a greater range of global travel alternatives. The company operates in a single operating and reportable segment, private aviation services. Geographically the company generates the majority of its revenue from the United States.

Founded

2013

HQ

Employees

1.9K

Website

wheelsup.com

Sectors

Airports & Aviation ServicesVertical MarketplacesConsumer Marketplaces

Financials (FY)

Revenue: $736M

EBITDA: ($139M)

EV

$634M

Valuation Multiples

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Wheels Up Financials

Wheels Up reported last fiscal year revenue of $736M and negative EBITDA of ($139M).

In the same fiscal year, Wheels Up generated $13M in gross profit, ($139M) in EBITDA losses, and had net loss of ($294M).

Wheels Up P&L

In the most recent fiscal year, Wheels Up reported revenue of $736M and EBITDA of ($139M).

Wheels Up expects next 12-month revenue of XXX and NTM EBITDA of XXX

Wheels Up Stock Performance

Wheels Up has current market cap of $294M, and enterprise value of $634M.

Wheels Up's stock price is $0.41.

Wheels Up Valuation Multiples

Wheels Up trades at 0.9x EV/Revenue multiple, and (4.6x) EV/EBITDA.

Wheels Up Financial Valuation Multiples

As of April 20, 2026, Wheels Up has market cap of $294M and EV of $634M.

Equity research analysts estimate Wheels Up's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Wheels Up has a P/E ratio of (1.0x).

Wheels Up Margins & Growth Rates

Wheels Up's revenue in the last fiscal year declined by (7%).

Wheels Up's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Wheels Up Public Comps

See public comps and valuation multiples for other Airports & Aviation Services and Vertical Marketplaces comps.

Wheels Up M&A Activity

Wheels Up acquired XXX companies to date.

Last acquisition by Wheels Up was on XXXXXXXX, XXXXX. Wheels Up acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Wheels Up Investment Activity

Wheels Up invested in XXX companies to date.

Wheels Up made its latest investment on XXXXXXXX, XXXXX. Wheels Up invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).