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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $183.8M, roughly 2.0× Wheels Up Experience Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs -15.7%, a 19.8% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs -10.2%). Arhaus, Inc. produced more free cash flow last quarter ($-8.8M vs $-58.3M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs -3.4%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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.
ARHS vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $183.8M |
| Net Profit | $15.1M | $-28.9M |
| Gross Margin | 38.1% | 14.3% |
| Operating Margin | 5.6% | -0.9% |
| Net Margin | 4.1% | -15.7% |
| Revenue YoY | 5.1% | -10.2% |
| Net Profit YoY | -29.1% | 67.0% |
| EPS (diluted) | $0.11 | $-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 | $364.8M | $183.8M | ||
| Q3 25 | $344.6M | $185.5M | ||
| Q2 25 | $358.4M | $189.6M | ||
| Q1 25 | $311.4M | $177.5M | ||
| Q4 24 | $347.0M | $204.8M | ||
| Q3 24 | $319.1M | $193.9M | ||
| Q2 24 | $309.8M | $196.3M | ||
| Q1 24 | $295.2M | $197.1M |
| Q4 25 | $15.1M | $-28.9M | ||
| Q3 25 | $12.2M | $-83.7M | ||
| Q2 25 | $35.1M | $-82.3M | ||
| Q1 25 | $4.9M | $-99.3M | ||
| Q4 24 | $21.3M | $-87.5M | ||
| Q3 24 | $9.9M | $-57.7M | ||
| Q2 24 | $22.2M | $-97.0M | ||
| Q1 24 | $15.1M | $-97.4M |
| Q4 25 | 38.1% | 14.3% | ||
| Q3 25 | 38.7% | 6.8% | ||
| Q2 25 | 41.4% | 8.3% | ||
| Q1 25 | 37.1% | 10.8% | ||
| Q4 24 | 40.0% | 13.9% | ||
| Q3 24 | 38.6% | 13.9% | ||
| Q2 24 | 40.1% | 2.3% | ||
| Q1 24 | 39.0% | -0.6% |
| Q4 25 | 5.6% | -0.9% | ||
| Q3 25 | 4.8% | -33.1% | ||
| Q2 25 | 13.0% | -31.4% | ||
| Q1 25 | 1.7% | -45.5% | ||
| Q4 24 | 8.2% | -26.0% | ||
| Q3 24 | 3.3% | -21.6% | ||
| Q2 24 | 9.5% | -40.3% | ||
| Q1 24 | 6.2% | -42.9% |
| Q4 25 | 4.1% | -15.7% | ||
| Q3 25 | 3.5% | -45.1% | ||
| Q2 25 | 9.8% | -43.4% | ||
| Q1 25 | 1.6% | -55.9% | ||
| Q4 24 | 6.1% | -42.7% | ||
| Q3 24 | 3.1% | -29.8% | ||
| Q2 24 | 7.2% | -49.4% | ||
| Q1 24 | 5.1% | -49.4% |
| Q4 25 | $0.11 | $-0.04 | ||
| Q3 25 | $0.09 | $-0.12 | ||
| Q2 25 | $0.25 | $-0.12 | ||
| Q1 25 | $0.03 | $-0.14 | ||
| Q4 24 | $0.15 | $-0.13 | ||
| Q3 24 | $0.07 | $-0.08 | ||
| Q2 24 | $0.16 | $-0.14 | ||
| Q1 24 | $0.11 | $-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 | $253.4M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $418.2M | $-392.1M |
| Total Assets | $1.4B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $133.9M | ||
| Q3 25 | $262.2M | $125.3M | ||
| Q2 25 | $234.8M | $107.0M | ||
| Q1 25 | $214.4M | $171.8M | ||
| Q4 24 | $197.5M | $216.4M | ||
| Q3 24 | $177.7M | $115.9M | ||
| Q2 24 | $174.2M | $141.5M | ||
| Q1 24 | $233.2M | $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 | $418.2M | $-392.1M | ||
| Q3 25 | $400.4M | $-374.5M | ||
| Q2 25 | $385.6M | $-347.8M | ||
| Q1 25 | $348.8M | $-288.1M | ||
| Q4 24 | $343.7M | $-202.1M | ||
| Q3 24 | $320.6M | $-117.7M | ||
| Q2 24 | $309.3M | $-72.2M | ||
| Q1 24 | $285.6M | $936.0K |
| Q4 25 | $1.4B | $968.8M | ||
| Q3 25 | $1.4B | $973.0M | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.2B | $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 | $9.3M | $-18.4M |
| Free Cash FlowOCF − Capex | $-8.8M | $-58.3M |
| FCF MarginFCF / Revenue | -2.4% | -31.7% |
| Capex IntensityCapex / Revenue | 5.0% | 21.7% |
| Cash ConversionOCF / Net Profit | 0.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $-18.4M | ||
| Q3 25 | $46.1M | $-37.1M | ||
| Q2 25 | $34.9M | $-62.9M | ||
| Q1 25 | $46.5M | $-47.9M | ||
| Q4 24 | $31.7M | $37.9M | ||
| Q3 24 | $31.1M | $-16.9M | ||
| Q2 24 | $47.5M | $-25.2M | ||
| Q1 24 | $36.8M | $-73.8M |
| Q4 25 | $-8.8M | $-58.3M | ||
| Q3 25 | $28.0M | $-60.4M | ||
| Q2 25 | $20.9M | $-78.6M | ||
| Q1 25 | $18.9M | $-62.6M | ||
| Q4 24 | $13.0M | $-70.2M | ||
| Q3 24 | $4.6M | $-21.9M | ||
| Q2 24 | $11.3M | $-30.8M | ||
| Q1 24 | $10.9M | $-77.8M |
| Q4 25 | -2.4% | -31.7% | ||
| Q3 25 | 8.1% | -32.6% | ||
| Q2 25 | 5.8% | -41.5% | ||
| Q1 25 | 6.1% | -35.3% | ||
| Q4 24 | 3.7% | -34.3% | ||
| Q3 24 | 1.4% | -11.3% | ||
| Q2 24 | 3.6% | -15.7% | ||
| Q1 24 | 3.7% | -39.5% |
| Q4 25 | 5.0% | 21.7% | ||
| Q3 25 | 5.3% | 12.5% | ||
| Q2 25 | 3.9% | 8.3% | ||
| Q1 25 | 8.9% | 8.3% | ||
| Q4 24 | 5.4% | 52.8% | ||
| Q3 24 | 8.3% | 2.6% | ||
| Q2 24 | 11.7% | 2.9% | ||
| Q1 24 | 8.8% | 2.0% |
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
UP
Segment breakdown not available.
