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Side-by-side financial comparison of Guardant Health, Inc. (GH) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.

Guardant Health, Inc. is the larger business by last-quarter revenue ($281.3M vs $183.8M, roughly 1.5× Wheels Up Experience Inc.). Wheels Up Experience Inc. runs the higher net margin — -15.7% vs -45.7%, a 30.0% gap on every dollar of revenue. On growth, Guardant Health, Inc. posted the faster year-over-year revenue change (39.4% vs -10.2%). Guardant Health, Inc. produced more free cash flow last quarter ($-54.2M vs $-58.3M). Over the past eight quarters, Guardant Health, Inc.'s revenue compounded faster (29.2% CAGR vs -3.4%).

Guardant Health, Inc. is an American biotechnology company based in Palo Alto, California. Co-founders Helmy Eltoukhy and AmirAli Talasaz serve as co-chief executive officers.

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.

GH vs UP — Head-to-Head

Bigger by revenue
GH
GH
1.5× larger
GH
$281.3M
$183.8M
UP
Growing faster (revenue YoY)
GH
GH
+49.6% gap
GH
39.4%
-10.2%
UP
Higher net margin
UP
UP
30.0% more per $
UP
-15.7%
-45.7%
GH
More free cash flow
GH
GH
$4.0M more FCF
GH
$-54.2M
$-58.3M
UP
Faster 2-yr revenue CAGR
GH
GH
Annualised
GH
29.2%
-3.4%
UP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GH
GH
UP
UP
Revenue
$281.3M
$183.8M
Net Profit
$-128.5M
$-28.9M
Gross Margin
64.6%
14.3%
Operating Margin
-43.0%
-0.9%
Net Margin
-45.7%
-15.7%
Revenue YoY
39.4%
-10.2%
Net Profit YoY
-15.8%
67.0%
EPS (diluted)
$-1.01
$-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.

Revenue
GH
GH
UP
UP
Q4 25
$281.3M
$183.8M
Q3 25
$265.2M
$185.5M
Q2 25
$232.1M
$189.6M
Q1 25
$203.5M
$177.5M
Q4 24
$201.8M
$204.8M
Q3 24
$191.5M
$193.9M
Q2 24
$177.2M
$196.3M
Q1 24
$168.5M
$197.1M
Net Profit
GH
GH
UP
UP
Q4 25
$-128.5M
$-28.9M
Q3 25
$-92.7M
$-83.7M
Q2 25
$-99.9M
$-82.3M
Q1 25
$-95.2M
$-99.3M
Q4 24
$-111.0M
$-87.5M
Q3 24
$-107.8M
$-57.7M
Q2 24
$-102.6M
$-97.0M
Q1 24
$-115.0M
$-97.4M
Gross Margin
GH
GH
UP
UP
Q4 25
64.6%
14.3%
Q3 25
64.7%
6.8%
Q2 25
65.0%
8.3%
Q1 25
63.3%
10.8%
Q4 24
61.6%
13.9%
Q3 24
61.1%
13.9%
Q2 24
59.1%
2.3%
Q1 24
61.2%
-0.6%
Operating Margin
GH
GH
UP
UP
Q4 25
-43.0%
-0.9%
Q3 25
-37.3%
-33.1%
Q2 25
-45.9%
-31.4%
Q1 25
-54.6%
-45.5%
Q4 24
-62.4%
-26.0%
Q3 24
-61.3%
-21.6%
Q2 24
-56.8%
-40.3%
Q1 24
-59.2%
-42.9%
Net Margin
GH
GH
UP
UP
Q4 25
-45.7%
-15.7%
Q3 25
-35.0%
-45.1%
Q2 25
-43.0%
-43.4%
Q1 25
-46.8%
-55.9%
Q4 24
-55.0%
-42.7%
Q3 24
-56.3%
-29.8%
Q2 24
-57.9%
-49.4%
Q1 24
-68.2%
-49.4%
EPS (diluted)
GH
GH
UP
UP
Q4 25
$-1.01
$-0.04
Q3 25
$-0.74
$-0.12
Q2 25
$-0.80
$-0.12
Q1 25
$-0.77
$-0.14
Q4 24
$-0.90
$-0.13
Q3 24
$-0.88
$-0.08
Q2 24
$-0.84
$-0.14
Q1 24
$-0.94
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GH
GH
UP
UP
Cash + ST InvestmentsLiquidity on hand
$378.2M
$133.9M
Total DebtLower is stronger
$1.5B
$671.3M
Stockholders' EquityBook value
$-99.3M
$-392.1M
Total Assets
$2.0B
$968.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GH
GH
UP
UP
Q4 25
$378.2M
$133.9M
Q3 25
$580.0M
$125.3M
Q2 25
$629.1M
$107.0M
Q1 25
$698.6M
$171.8M
Q4 24
$525.5M
$216.4M
Q3 24
$585.0M
$115.9M
Q2 24
$933.7M
$141.5M
Q1 24
$1.0B
$180.9M
Total Debt
GH
GH
UP
UP
Q4 25
$1.5B
$671.3M
Q3 25
$1.1B
$766.5M
Q2 25
$1.1B
$770.5M
Q1 25
$1.1B
$765.8M
Q4 24
$1.1B
$761.3M
Q3 24
$596.9M
Q2 24
$597.4M
Q1 24
$603.2M
Stockholders' Equity
GH
GH
UP
UP
Q4 25
$-99.3M
$-392.1M
Q3 25
$-354.5M
$-374.5M
Q2 25
$-305.5M
$-347.8M
Q1 25
$-250.8M
$-288.1M
Q4 24
$-139.6M
$-202.1M
Q3 24
$-60.1M
$-117.7M
Q2 24
$-1.6M
$-72.2M
Q1 24
$68.3M
$936.0K
Total Assets
GH
GH
UP
UP
Q4 25
$2.0B
$968.8M
Q3 25
$1.3B
$973.0M
Q2 25
$1.3B
$1.0B
Q1 25
$1.3B
$1.1B
Q4 24
$1.5B
$1.2B
Q3 24
$1.5B
$1.0B
Q2 24
$1.6B
$1.1B
Q1 24
$1.7B
$1.2B
Debt / Equity
GH
GH
UP
UP
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
GH
GH
UP
UP
Operating Cash FlowLast quarter
$-26.4M
$-18.4M
Free Cash FlowOCF − Capex
$-54.2M
$-58.3M
FCF MarginFCF / Revenue
-19.3%
-31.7%
Capex IntensityCapex / Revenue
9.9%
21.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-233.1M
$-259.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GH
GH
UP
UP
Q4 25
$-26.4M
$-18.4M
Q3 25
$-35.4M
$-37.1M
Q2 25
$-60.3M
$-62.9M
Q1 25
$-62.7M
$-47.9M
Q4 24
$-64.5M
$37.9M
Q3 24
$-51.1M
$-16.9M
Q2 24
$-94.0M
$-25.2M
Q1 24
$-30.3M
$-73.8M
Free Cash Flow
GH
GH
UP
UP
Q4 25
$-54.2M
$-58.3M
Q3 25
$-45.8M
$-60.4M
Q2 25
$-65.9M
$-78.6M
Q1 25
$-67.1M
$-62.6M
Q4 24
$-83.4M
$-70.2M
Q3 24
$-55.3M
$-21.9M
Q2 24
$-99.1M
$-30.8M
Q1 24
$-37.2M
$-77.8M
FCF Margin
GH
GH
UP
UP
Q4 25
-19.3%
-31.7%
Q3 25
-17.3%
-32.6%
Q2 25
-28.4%
-41.5%
Q1 25
-33.0%
-35.3%
Q4 24
-41.3%
-34.3%
Q3 24
-28.9%
-11.3%
Q2 24
-55.9%
-15.7%
Q1 24
-22.1%
-39.5%
Capex Intensity
GH
GH
UP
UP
Q4 25
9.9%
21.7%
Q3 25
3.9%
12.5%
Q2 25
2.4%
8.3%
Q1 25
2.2%
8.3%
Q4 24
9.4%
52.8%
Q3 24
2.2%
2.6%
Q2 24
2.9%
2.9%
Q1 24
4.1%
2.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GH
GH

Oncology$189.9M68%
Biopharma Data$54.0M19%
Screening$35.1M12%
Licensing Other$2.2M1%

UP
UP

Segment breakdown not available.

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