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Side-by-side financial comparison of Freshworks Inc. (FRSH) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Freshworks Inc. is the larger business by last-quarter revenue ($228.6M vs $183.8M, roughly 1.2× Wheels Up Experience Inc.). Freshworks Inc. runs the higher net margin — -2.1% vs -15.7%, a 13.6% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (16.5% vs -10.2%). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (14.6% CAGR vs -3.4%).
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
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.
FRSH vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $228.6M | $183.8M |
| Net Profit | $-4.8M | $-28.9M |
| Gross Margin | 84.8% | 14.3% |
| Operating Margin | 11.6% | -0.9% |
| Net Margin | -2.1% | -15.7% |
| Revenue YoY | 16.5% | -10.2% |
| Net Profit YoY | -268.9% | 67.0% |
| EPS (diluted) | $-0.02 | $-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.
| Q1 26 | $228.6M | — | ||
| Q4 25 | $222.7M | $183.8M | ||
| Q3 25 | $215.1M | $185.5M | ||
| Q2 25 | $204.7M | $189.6M | ||
| Q1 25 | $196.3M | $177.5M | ||
| Q4 24 | $194.6M | $204.8M | ||
| Q3 24 | $186.6M | $193.9M | ||
| Q2 24 | $174.1M | $196.3M |
| Q1 26 | $-4.8M | — | ||
| Q4 25 | $191.4M | $-28.9M | ||
| Q3 25 | $-4.7M | $-83.7M | ||
| Q2 25 | $-1.7M | $-82.3M | ||
| Q1 25 | $-1.3M | $-99.3M | ||
| Q4 24 | $-21.9M | $-87.5M | ||
| Q3 24 | $-30.0M | $-57.7M | ||
| Q2 24 | $-20.2M | $-97.0M |
| Q1 26 | 84.8% | — | ||
| Q4 25 | 85.6% | 14.3% | ||
| Q3 25 | 84.7% | 6.8% | ||
| Q2 25 | 84.8% | 8.3% | ||
| Q1 25 | 84.8% | 10.8% | ||
| Q4 24 | 84.9% | 13.9% | ||
| Q3 24 | 84.0% | 13.9% | ||
| Q2 24 | 83.8% | 2.3% |
| Q1 26 | 11.6% | — | ||
| Q4 25 | 17.8% | -0.9% | ||
| Q3 25 | -3.5% | -33.1% | ||
| Q2 25 | -4.2% | -31.4% | ||
| Q1 25 | -5.3% | -45.5% | ||
| Q4 24 | -12.2% | -26.0% | ||
| Q3 24 | -20.8% | -21.6% | ||
| Q2 24 | -25.1% | -40.3% |
| Q1 26 | -2.1% | — | ||
| Q4 25 | 86.0% | -15.7% | ||
| Q3 25 | -2.2% | -45.1% | ||
| Q2 25 | -0.8% | -43.4% | ||
| Q1 25 | -0.7% | -55.9% | ||
| Q4 24 | -11.3% | -42.7% | ||
| Q3 24 | -16.1% | -29.8% | ||
| Q2 24 | -11.6% | -49.4% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.66 | $-0.04 | ||
| Q3 25 | $-0.02 | $-0.12 | ||
| Q2 25 | $-0.01 | $-0.12 | ||
| Q1 25 | $0.00 | $-0.14 | ||
| Q4 24 | $-0.07 | $-0.13 | ||
| Q3 24 | $-0.10 | $-0.08 | ||
| Q2 24 | $-0.07 | $-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 | $548.2M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $1.0B | $-392.1M |
| Total Assets | $1.6B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $548.2M | — | ||
| Q4 25 | $781.4M | $133.9M | ||
| Q3 25 | $813.2M | $125.3M | ||
| Q2 25 | $926.2M | $107.0M | ||
| Q1 25 | $995.3M | $171.8M | ||
| Q4 24 | $1.1B | $216.4M | ||
| Q3 24 | $1.1B | $115.9M | ||
| Q2 24 | $1.0B | $141.5M |
| Q1 26 | — | — | ||
| 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 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $-392.1M | ||
| Q3 25 | $851.5M | $-374.5M | ||
| Q2 25 | $984.6M | $-347.8M | ||
| Q1 25 | $1.1B | $-288.1M | ||
| Q4 24 | $1.1B | $-202.1M | ||
| Q3 24 | $1.1B | $-117.7M | ||
| Q2 24 | $1.1B | $-72.2M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $968.8M | ||
| Q3 25 | $1.4B | $973.0M | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.5B | $1.1B |
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 | $62.4M | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-58.3M |
| FCF MarginFCF / Revenue | — | -31.7% |
| Capex IntensityCapex / Revenue | — | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $62.4M | — | ||
| Q4 25 | $62.3M | $-18.4M | ||
| Q3 25 | $63.5M | $-37.1M | ||
| Q2 25 | $58.6M | $-62.9M | ||
| Q1 25 | $58.0M | $-47.9M | ||
| Q4 24 | $41.4M | $37.9M | ||
| Q3 24 | $42.3M | $-16.9M | ||
| Q2 24 | $36.3M | $-25.2M |
| Q1 26 | — | — | ||
| Q4 25 | $60.1M | $-58.3M | ||
| Q3 25 | $61.7M | $-60.4M | ||
| Q2 25 | $58.2M | $-78.6M | ||
| Q1 25 | $56.7M | $-62.6M | ||
| Q4 24 | $36.3M | $-70.2M | ||
| Q3 24 | $41.3M | $-21.9M | ||
| Q2 24 | $34.0M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | -31.7% | ||
| Q3 25 | 28.7% | -32.6% | ||
| Q2 25 | 28.4% | -41.5% | ||
| Q1 25 | 28.9% | -35.3% | ||
| Q4 24 | 18.7% | -34.3% | ||
| Q3 24 | 22.1% | -11.3% | ||
| Q2 24 | 19.5% | -15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 21.7% | ||
| Q3 25 | 0.8% | 12.5% | ||
| Q2 25 | 0.2% | 8.3% | ||
| Q1 25 | 0.7% | 8.3% | ||
| Q4 24 | 2.6% | 52.8% | ||
| Q3 24 | 0.6% | 2.6% | ||
| Q2 24 | 1.3% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
