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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $183.8M, roughly 1.0× Wheels Up Experience Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs -15.7%, a 49.0% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -10.2%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -3.4%).
Doximity is an online networking service for medical professionals. Launched in 2010, the platform offers its members curated medical news, telehealth tools, and case collaboration.
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.
DOCS vs UP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $183.8M |
| Net Profit | $61.6M | $-28.9M |
| Gross Margin | 89.9% | 14.3% |
| Operating Margin | 38.9% | -0.9% |
| Net Margin | 33.3% | -15.7% |
| Revenue YoY | 9.8% | -10.2% |
| Net Profit YoY | -18.1% | 67.0% |
| EPS (diluted) | $0.31 | $-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 | $185.1M | $183.8M | ||
| Q3 25 | $168.5M | $185.5M | ||
| Q2 25 | $145.9M | $189.6M | ||
| Q1 25 | $138.3M | $177.5M | ||
| Q4 24 | $168.6M | $204.8M | ||
| Q3 24 | $136.8M | $193.9M | ||
| Q2 24 | $126.7M | $196.3M | ||
| Q1 24 | $118.1M | $197.1M |
| Q4 25 | $61.6M | $-28.9M | ||
| Q3 25 | $62.1M | $-83.7M | ||
| Q2 25 | $53.3M | $-82.3M | ||
| Q1 25 | $62.5M | $-99.3M | ||
| Q4 24 | $75.2M | $-87.5M | ||
| Q3 24 | $44.2M | $-57.7M | ||
| Q2 24 | $41.4M | $-97.0M | ||
| Q1 24 | $40.6M | $-97.4M |
| Q4 25 | 89.9% | 14.3% | ||
| Q3 25 | 90.3% | 6.8% | ||
| Q2 25 | 89.2% | 8.3% | ||
| Q1 25 | 89.5% | 10.8% | ||
| Q4 24 | 91.6% | 13.9% | ||
| Q3 24 | 90.0% | 13.9% | ||
| Q2 24 | 89.3% | 2.3% | ||
| Q1 24 | 89.4% | -0.6% |
| Q4 25 | 38.9% | -0.9% | ||
| Q3 25 | 37.8% | -33.1% | ||
| Q2 25 | 37.4% | -31.4% | ||
| Q1 25 | 35.2% | -45.5% | ||
| Q4 24 | 47.4% | -26.0% | ||
| Q3 24 | 38.8% | -21.6% | ||
| Q2 24 | 36.4% | -40.3% | ||
| Q1 24 | 35.5% | -42.9% |
| Q4 25 | 33.3% | -15.7% | ||
| Q3 25 | 36.8% | -45.1% | ||
| Q2 25 | 36.5% | -43.4% | ||
| Q1 25 | 45.2% | -55.9% | ||
| Q4 24 | 44.6% | -42.7% | ||
| Q3 24 | 32.3% | -29.8% | ||
| Q2 24 | 32.7% | -49.4% | ||
| Q1 24 | 34.4% | -49.4% |
| Q4 25 | $0.31 | $-0.04 | ||
| Q3 25 | $0.31 | $-0.12 | ||
| Q2 25 | $0.27 | $-0.12 | ||
| Q1 25 | $0.31 | $-0.14 | ||
| Q4 24 | $0.37 | $-0.13 | ||
| Q3 24 | $0.22 | $-0.08 | ||
| Q2 24 | $0.21 | $-0.14 | ||
| Q1 24 | $0.20 | $-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 | $64.8M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $979.3M | $-392.1M |
| Total Assets | $1.2B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $133.9M | ||
| Q3 25 | $169.2M | $125.3M | ||
| Q2 25 | $137.3M | $107.0M | ||
| Q1 25 | $209.6M | $171.8M | ||
| Q4 24 | $165.3M | $216.4M | ||
| Q3 24 | $184.2M | $115.9M | ||
| Q2 24 | $111.4M | $141.5M | ||
| Q1 24 | $96.8M | $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 | $979.3M | $-392.1M | ||
| Q3 25 | $1.1B | $-374.5M | ||
| Q2 25 | $1.0B | $-347.8M | ||
| Q1 25 | $1.1B | $-288.1M | ||
| Q4 24 | $1.0B | $-202.1M | ||
| Q3 24 | $961.2M | $-117.7M | ||
| Q2 24 | $913.6M | $-72.2M | ||
| Q1 24 | $901.4M | $936.0K |
| Q4 25 | $1.2B | $968.8M | ||
| Q3 25 | $1.3B | $973.0M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.1B | $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 | $60.9M | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-58.3M |
| FCF MarginFCF / Revenue | — | -31.7% |
| Capex IntensityCapex / Revenue | — | 21.7% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $-18.4M | ||
| Q3 25 | $93.9M | $-37.1M | ||
| Q2 25 | $62.1M | $-62.9M | ||
| Q1 25 | $98.5M | $-47.9M | ||
| Q4 24 | $65.2M | $37.9M | ||
| Q3 24 | $68.3M | $-16.9M | ||
| Q2 24 | $41.2M | $-25.2M | ||
| Q1 24 | $63.9M | $-73.8M |
| Q4 25 | — | $-58.3M | ||
| Q3 25 | — | $-60.4M | ||
| Q2 25 | — | $-78.6M | ||
| Q1 25 | — | $-62.6M | ||
| Q4 24 | — | $-70.2M | ||
| Q3 24 | — | $-21.9M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-77.8M |
| Q4 25 | — | -31.7% | ||
| Q3 25 | — | -32.6% | ||
| Q2 25 | — | -41.5% | ||
| Q1 25 | — | -35.3% | ||
| Q4 24 | — | -34.3% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | -39.5% |
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | 0.0% | 8.3% | ||
| Q4 24 | 0.0% | 52.8% | ||
| Q3 24 | 0.0% | 2.6% | ||
| Q2 24 | 0.0% | 2.9% | ||
| Q1 24 | 0.0% | 2.0% |
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 1.57× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
UP
Segment breakdown not available.
