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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $183.6M, roughly 1.0× ACV Auctions Inc.). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs -10.2%). ACV Auctions Inc. produced more free cash flow last quarter ($-14.7M vs $-58.3M). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs -3.4%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
ACVA vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $183.8M |
| Net Profit | — | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | -9.7% | -0.9% |
| Net Margin | — | -15.7% |
| Revenue YoY | 15.1% | -10.2% |
| Net Profit YoY | — | 67.0% |
| EPS (diluted) | $-0.12 | $-0.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.6M | $183.8M | ||
| Q3 25 | $199.6M | $185.5M | ||
| Q2 25 | $193.7M | $189.6M | ||
| Q1 25 | $182.7M | $177.5M | ||
| Q4 24 | $159.5M | $204.8M | ||
| Q3 24 | $171.3M | $193.9M | ||
| Q2 24 | $160.6M | $196.3M | ||
| Q1 24 | $145.7M | $197.1M |
| Q4 25 | — | $-28.9M | ||
| Q3 25 | $-24.5M | $-83.7M | ||
| Q2 25 | $-7.3M | $-82.3M | ||
| Q1 25 | $-14.8M | $-99.3M | ||
| Q4 24 | — | $-87.5M | ||
| Q3 24 | $-16.0M | $-57.7M | ||
| Q2 24 | $-17.1M | $-97.0M | ||
| Q1 24 | $-20.5M | $-97.4M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | -0.6% |
| Q4 25 | -9.7% | -0.9% | ||
| Q3 25 | -11.9% | -33.1% | ||
| Q2 25 | -3.7% | -31.4% | ||
| Q1 25 | -7.9% | -45.5% | ||
| Q4 24 | -16.2% | -26.0% | ||
| Q3 24 | -10.0% | -21.6% | ||
| Q2 24 | -11.6% | -40.3% | ||
| Q1 24 | -15.5% | -42.9% |
| Q4 25 | — | -15.7% | ||
| Q3 25 | -12.3% | -45.1% | ||
| Q2 25 | -3.8% | -43.4% | ||
| Q1 25 | -8.1% | -55.9% | ||
| Q4 24 | — | -42.7% | ||
| Q3 24 | -9.4% | -29.8% | ||
| Q2 24 | -10.6% | -49.4% | ||
| Q1 24 | -14.1% | -49.4% |
| Q4 25 | $-0.12 | $-0.04 | ||
| Q3 25 | $-0.14 | $-0.12 | ||
| Q2 25 | $-0.04 | $-0.12 | ||
| Q1 25 | $-0.09 | $-0.14 | ||
| Q4 24 | $-0.15 | $-0.13 | ||
| Q3 24 | $-0.10 | $-0.08 | ||
| Q2 24 | $-0.10 | $-0.14 | ||
| Q1 24 | $-0.13 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $429.7M | $-392.1M |
| Total Assets | $1.1B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | $133.9M | ||
| Q3 25 | $265.3M | $125.3M | ||
| Q2 25 | $258.4M | $107.0M | ||
| Q1 25 | $291.9M | $171.8M | ||
| Q4 24 | $224.1M | $216.4M | ||
| Q3 24 | $252.5M | $115.9M | ||
| Q2 24 | $215.0M | $141.5M | ||
| Q1 24 | $209.8M | $180.9M |
| Q4 25 | — | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | — | $603.2M |
| Q4 25 | $429.7M | $-392.1M | ||
| Q3 25 | $434.4M | $-374.5M | ||
| Q2 25 | $448.8M | $-347.8M | ||
| Q1 25 | $439.6M | $-288.1M | ||
| Q4 24 | $440.0M | $-202.1M | ||
| Q3 24 | $456.2M | $-117.7M | ||
| Q2 24 | $457.6M | $-72.2M | ||
| Q1 24 | $458.3M | $936.0K |
| Q4 25 | $1.1B | $968.8M | ||
| Q3 25 | $1.2B | $973.0M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $984.1M | $1.2B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $1.0B | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 644.43× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | $-18.4M |
| Free Cash FlowOCF − Capex | $-14.7M | $-58.3M |
| FCF MarginFCF / Revenue | -8.0% | -31.7% |
| Capex IntensityCapex / Revenue | 1.2% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $-18.4M | ||
| Q3 25 | $10.3M | $-37.1M | ||
| Q2 25 | $13.7M | $-62.9M | ||
| Q1 25 | $66.6M | $-47.9M | ||
| Q4 24 | $-3.2M | $37.9M | ||
| Q3 24 | $21.1M | $-16.9M | ||
| Q2 24 | $4.5M | $-25.2M | ||
| Q1 24 | $43.0M | $-73.8M |
| Q4 25 | $-14.7M | $-58.3M | ||
| Q3 25 | $7.7M | $-60.4M | ||
| Q2 25 | $10.9M | $-78.6M | ||
| Q1 25 | $65.3M | $-62.6M | ||
| Q4 24 | $-3.9M | $-70.2M | ||
| Q3 24 | $20.2M | $-21.9M | ||
| Q2 24 | $2.7M | $-30.8M | ||
| Q1 24 | $41.9M | $-77.8M |
| Q4 25 | -8.0% | -31.7% | ||
| Q3 25 | 3.8% | -32.6% | ||
| Q2 25 | 5.6% | -41.5% | ||
| Q1 25 | 35.7% | -35.3% | ||
| Q4 24 | -2.5% | -34.3% | ||
| Q3 24 | 11.8% | -11.3% | ||
| Q2 24 | 1.7% | -15.7% | ||
| Q1 24 | 28.8% | -39.5% |
| Q4 25 | 1.2% | 21.7% | ||
| Q3 25 | 1.3% | 12.5% | ||
| Q2 25 | 1.5% | 8.3% | ||
| Q1 25 | 0.7% | 8.3% | ||
| Q4 24 | 0.4% | 52.8% | ||
| Q3 24 | 0.6% | 2.6% | ||
| Q2 24 | 1.1% | 2.9% | ||
| Q1 24 | 0.7% | 2.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
UP
Segment breakdown not available.
