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Side-by-side financial comparison of Grindr Inc. (GRND) 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 $126.0M, roughly 1.5× Grindr Inc.). Grindr Inc. runs the higher net margin — 16.1% vs -15.7%, a 31.8% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs -10.2%). Grindr Inc. produced more free cash flow last quarter ($24.5M vs $-58.3M). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs -3.4%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
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.
GRND vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.0M | $183.8M |
| Net Profit | $20.3M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 24.9% | -0.9% |
| Net Margin | 16.1% | -15.7% |
| Revenue YoY | 29.0% | -10.2% |
| Net Profit YoY | 116.4% | 67.0% |
| EPS (diluted) | $0.10 | $-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 | $126.0M | $183.8M | ||
| Q3 25 | $115.8M | $185.5M | ||
| Q2 25 | $104.2M | $189.6M | ||
| Q1 25 | $93.9M | $177.5M | ||
| Q4 24 | $97.6M | $204.8M | ||
| Q3 24 | $89.3M | $193.9M | ||
| Q2 24 | $82.3M | $196.3M | ||
| Q1 24 | $75.3M | $197.1M |
| Q4 25 | $20.3M | $-28.9M | ||
| Q3 25 | $30.8M | $-83.7M | ||
| Q2 25 | $16.6M | $-82.3M | ||
| Q1 25 | $27.0M | $-99.3M | ||
| Q4 24 | $-123.9M | $-87.5M | ||
| Q3 24 | $24.7M | $-57.7M | ||
| Q2 24 | $-22.4M | $-97.0M | ||
| Q1 24 | $-9.4M | $-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 | 24.9% | -0.9% | ||
| Q3 25 | 39.1% | -33.1% | ||
| Q2 25 | 23.4% | -31.4% | ||
| Q1 25 | 27.0% | -45.5% | ||
| Q4 24 | 20.9% | -26.0% | ||
| Q3 24 | 31.8% | -21.6% | ||
| Q2 24 | 29.8% | -40.3% | ||
| Q1 24 | 25.6% | -42.9% |
| Q4 25 | 16.1% | -15.7% | ||
| Q3 25 | 26.6% | -45.1% | ||
| Q2 25 | 16.0% | -43.4% | ||
| Q1 25 | 28.8% | -55.9% | ||
| Q4 24 | -126.9% | -42.7% | ||
| Q3 24 | 27.6% | -29.8% | ||
| Q2 24 | -27.2% | -49.4% | ||
| Q1 24 | -12.5% | -49.4% |
| Q4 25 | $0.10 | $-0.04 | ||
| Q3 25 | $0.16 | $-0.12 | ||
| Q2 25 | $0.08 | $-0.12 | ||
| Q1 25 | $0.09 | $-0.14 | ||
| Q4 24 | $-0.65 | $-0.13 | ||
| Q3 24 | $0.09 | $-0.08 | ||
| Q2 24 | $-0.13 | $-0.14 | ||
| Q1 24 | $-0.05 | $-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 | $87.0M | $133.9M |
| Total DebtLower is stronger | $395.9M | $671.3M |
| Stockholders' EquityBook value | $47.0M | $-392.1M |
| Total Assets | $531.0M | $968.8M |
| Debt / EquityLower = less leverage | 8.42× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $133.9M | ||
| Q3 25 | $6.3M | $125.3M | ||
| Q2 25 | $120.8M | $107.0M | ||
| Q1 25 | $255.9M | $171.8M | ||
| Q4 24 | $59.2M | $216.4M | ||
| Q3 24 | $39.1M | $115.9M | ||
| Q2 24 | $16.3M | $141.5M | ||
| Q1 24 | $21.5M | $180.9M |
| Q4 25 | $395.9M | $671.3M | ||
| Q3 25 | $279.9M | $766.5M | ||
| Q2 25 | $283.5M | $770.5M | ||
| Q1 25 | $287.0M | $765.8M | ||
| Q4 24 | $290.6M | $761.3M | ||
| Q3 24 | $294.1M | $596.9M | ||
| Q2 24 | $297.7M | $597.4M | ||
| Q1 24 | $315.0M | $603.2M |
| Q4 25 | $47.0M | $-392.1M | ||
| Q3 25 | $71.0M | $-374.5M | ||
| Q2 25 | $187.7M | $-347.8M | ||
| Q1 25 | $319.8M | $-288.1M | ||
| Q4 24 | $-131.6M | $-202.1M | ||
| Q3 24 | $-13.4M | $-117.7M | ||
| Q2 24 | $-41.7M | $-72.2M | ||
| Q1 24 | $-22.0M | $936.0K |
| Q4 25 | $531.0M | $968.8M | ||
| Q3 25 | $439.2M | $973.0M | ||
| Q2 25 | $547.6M | $1.0B | ||
| Q1 25 | $679.4M | $1.1B | ||
| Q4 24 | $479.1M | $1.2B | ||
| Q3 24 | $456.3M | $1.0B | ||
| Q2 24 | $435.0M | $1.1B | ||
| Q1 24 | $437.7M | $1.2B |
| Q4 25 | 8.42× | — | ||
| Q3 25 | 3.94× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 0.90× | — | ||
| 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 | $24.8M | $-18.4M |
| Free Cash FlowOCF − Capex | $24.5M | $-58.3M |
| FCF MarginFCF / Revenue | 19.5% | -31.7% |
| Capex IntensityCapex / Revenue | 0.2% | 21.7% |
| Cash ConversionOCF / Net Profit | 1.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $140.8M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $-18.4M | ||
| Q3 25 | $55.4M | $-37.1M | ||
| Q2 25 | $37.5M | $-62.9M | ||
| Q1 25 | $23.8M | $-47.9M | ||
| Q4 24 | $29.5M | $37.9M | ||
| Q3 24 | $29.1M | $-16.9M | ||
| Q2 24 | $15.8M | $-25.2M | ||
| Q1 24 | $20.4M | $-73.8M |
| Q4 25 | $24.5M | $-58.3M | ||
| Q3 25 | $55.2M | $-60.4M | ||
| Q2 25 | $37.3M | $-78.6M | ||
| Q1 25 | $23.7M | $-62.6M | ||
| Q4 24 | $29.3M | $-70.2M | ||
| Q3 24 | $28.8M | $-21.9M | ||
| Q2 24 | $15.7M | $-30.8M | ||
| Q1 24 | $20.3M | $-77.8M |
| Q4 25 | 19.5% | -31.7% | ||
| Q3 25 | 47.7% | -32.6% | ||
| Q2 25 | 35.8% | -41.5% | ||
| Q1 25 | 25.2% | -35.3% | ||
| Q4 24 | 30.0% | -34.3% | ||
| Q3 24 | 32.2% | -11.3% | ||
| Q2 24 | 19.0% | -15.7% | ||
| Q1 24 | 26.9% | -39.5% |
| Q4 25 | 0.2% | 21.7% | ||
| Q3 25 | 0.2% | 12.5% | ||
| Q2 25 | 0.2% | 8.3% | ||
| Q1 25 | 0.1% | 8.3% | ||
| Q4 24 | 0.3% | 52.8% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.2% | 2.9% | ||
| Q1 24 | 0.3% | 2.0% |
| Q4 25 | 1.22× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
UP
Segment breakdown not available.
