NET LOSS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Computation of Basic and Diluted Net Loss Per Share

The table below sets forth the computation of Basic and diluted net loss per share (in thousands, except share and per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator:
Net loss attributable to Wheels Up Experience Inc. - basic and diluted	$	(89,442)	$	(83,730)	$	(279,649)	$	(265,342)
Denominator:
Weighted-average shares of Common Stock outstanding - basic and diluted	36,123,374		35,190,671		36,226,531		35,044,487
Basic and diluted net loss per share of Common Stock	$	(2.48)	$	(2.38)	$	(7.72)	$	(7.57)

Schedule of Antidilutive Securities

The following securities were not included in the computation of diluted shares outstanding, because the effect would be anti-dilutive, and issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:


	September 30,
	2026	2025
Warrants(1)	—	62,607
Earnout Shares(2)	—	45,000
RSUs and PSUs	1,575,005	1,031,281
Stock options	42,972	44,022
Total anti-dilutive securities	1,617,977	1,182,910

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(1) As of July 13, 2026, the expiration date for the Warrants, no Warrants had been exercised and all outstanding Warrants expired on the expiration date.

(2) As of July 13, 2026, the expiration date for the Earnout Shares, no Earnout Shares vested or were issuable and all Earnout Shares were automatically canceled.