Wheels Up Experience Inc. (Class A) (UP) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, UP carries an RQD Score of 18 out of 100, a letter grade of E, and the verdict "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are:

• Fundamental Cash Engine: 1 / 20. The pillar reflects ROIC of -35% and an FCF yield of 0%. For a prospective investor, this means the business is not currently generating returns on invested capital or free cash flow to shareholders, so there is no cash-based valuation floor to anchor the price.
• Whale 13F Flow: 3 / 20. The pillar is described as reflecting institutional accumulation and options positioning. Specific 13F holder data is not available in source data, so the weakness of this score cannot be traced to named holders.
• Insider Conviction: 3 / 20. The pillar reflects SEC Form 4 and Congressional PTR cluster flow. Individual insider transactions are not available in source data.
• Macro Regime Fit: 6 / 20. Beta is 1.0 per the market data, and the pillar notes sector sensitivity. For a prospective investor, the stock moves in line with the broader market on average, but the pillar score indicates limited regime-related support.
• Forensic Balance Sheet: 5 / 20. Per the Roarable RQD rating, Altman Z is 0.2, Piotroski F is 2/9, and Debt/Equity is 0.5. A low Altman Z and low Piotroski score point to elevated financial distress and weak fundamental quality, which is the core forensic risk concern.

Taken together, the pillars indicate that the valuation tradeoff is unfavorable: the stock trades at a $115.7M market capitalization despite negative operating, net, and free-cash-flow results in the SEC financials. Upside would require a reversal in cash generation that the current data does not show. This analysis is educational and not personalized financial advice.

Wheels Up Experience Inc. (Class A) is listed on the NYSE and classified in the Consumer Discretionary sector, Transportation Services industry, per the profile. The source data does not describe its products, customers, or revenue model beyond these classifications. The Butterfly Supply-Chain Graph lists the supply chain as NONE. Gross margin is 10% per the market data.

Per the SEC financials, revenue declined from $1253.3M in FY 2023 to $792.1M in FY 2024 and $736.5M in FY 2025, while every reported period shows negative operating and net income. Net margin is -39.9% and operating margin is -27.6% per the market data. ROIC is -35%, and the Roarable RQD rating assigns an Altman Z-Score of 0.2 and a Piotroski F-Score of 2/9. Cash declined from $216.4M to $133.9M and debt declined from $376.3M to $316.4M over FY 2024 to FY 2025, with Debt/Equity at 0.5 per the rating.

Per the recent news feed, six items reference UP, each with a YELLOW light and MARKET WIRE impact label. Headlines include a Seeking Alpha report titled "Wheels Up Experience: Transition Working But There Continue To Be Capital Needs (NYSE:UP)," which directly flags ongoing capital needs as a risk. Other items cover a Delta Air Lines 10-Q reference, a TradingView estimates page, a MarketBeat report noting shares down 3.1%, an Investing.com 8-K entry dated 30 October, and a TradingKey stock listing. The market data shows the stock up 3.91% on the day with volume of 45,192. The Butterfly Supply-Chain Graph reports no butterfly links and no proprietary signals.

• What is the specific capital-needs trajectory referenced in the Seeking Alpha headline, and how much external funding is required? The source data does not quantify it.
• What drove the decline in cash from $216.4M to $133.9M and the reduction in debt from $376.3M to $316.4M, and is the balance sheet trend expected to continue?
• What are the forward earnings and EV/EBITDA figures? Both are unavailable, so the valuation cannot be benchmarked.
• Which institutional and insider holders are behind the 3/20 whale and insider pillar scores? The holders data is NONE.
• What is the company's business model and customer base? The source data provides only sector and industry classification.