vs
Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $183.8M, roughly 1.1× Wheels Up Experience Inc.). iRhythm Holdings, Inc. runs the higher net margin — 2.7% vs -15.7%, a 18.4% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs -10.2%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $-58.3M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs -3.4%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
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.
IRTC vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $183.8M |
| Net Profit | $5.6M | $-28.9M |
| Gross Margin | 70.9% | 14.3% |
| Operating Margin | 1.1% | -0.9% |
| Net Margin | 2.7% | -15.7% |
| Revenue YoY | 27.1% | -10.2% |
| Net Profit YoY | 518.5% | 67.0% |
| EPS (diluted) | $0.18 | $-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 | $208.9M | $183.8M | ||
| Q3 25 | $192.9M | $185.5M | ||
| Q2 25 | $186.7M | $189.6M | ||
| Q1 25 | $158.7M | $177.5M | ||
| Q4 24 | $164.3M | $204.8M | ||
| Q3 24 | $147.5M | $193.9M | ||
| Q2 24 | $148.0M | $196.3M | ||
| Q1 24 | $131.9M | $197.1M |
| Q4 25 | $5.6M | $-28.9M | ||
| Q3 25 | $-5.2M | $-83.7M | ||
| Q2 25 | $-14.2M | $-82.3M | ||
| Q1 25 | $-30.7M | $-99.3M | ||
| Q4 24 | $-1.3M | $-87.5M | ||
| Q3 24 | $-46.2M | $-57.7M | ||
| Q2 24 | $-20.1M | $-97.0M | ||
| Q1 24 | $-45.7M | $-97.4M |
| Q4 25 | 70.9% | 14.3% | ||
| Q3 25 | 71.1% | 6.8% | ||
| Q2 25 | 71.2% | 8.3% | ||
| Q1 25 | 68.8% | 10.8% | ||
| Q4 24 | 70.0% | 13.9% | ||
| Q3 24 | 68.8% | 13.9% | ||
| Q2 24 | 69.9% | 2.3% | ||
| Q1 24 | 66.3% | -0.6% |
| Q4 25 | 1.1% | -0.9% | ||
| Q3 25 | -4.4% | -33.1% | ||
| Q2 25 | -10.0% | -31.4% | ||
| Q1 25 | -20.5% | -45.5% | ||
| Q4 24 | -2.5% | -26.0% | ||
| Q3 24 | -34.1% | -21.6% | ||
| Q2 24 | -15.5% | -40.3% | ||
| Q1 24 | -28.9% | -42.9% |
| Q4 25 | 2.7% | -15.7% | ||
| Q3 25 | -2.7% | -45.1% | ||
| Q2 25 | -7.6% | -43.4% | ||
| Q1 25 | -19.3% | -55.9% | ||
| Q4 24 | -0.8% | -42.7% | ||
| Q3 24 | -31.3% | -29.8% | ||
| Q2 24 | -13.6% | -49.4% | ||
| Q1 24 | -34.6% | -49.4% |
| Q4 25 | $0.18 | $-0.04 | ||
| Q3 25 | $-0.16 | $-0.12 | ||
| Q2 25 | $-0.44 | $-0.12 | ||
| Q1 25 | $-0.97 | $-0.14 | ||
| Q4 24 | $-0.03 | $-0.13 | ||
| Q3 24 | $-1.48 | $-0.08 | ||
| Q2 24 | $-0.65 | $-0.14 | ||
| Q1 24 | $-1.47 | $-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 | $583.8M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $152.7M | $-392.1M |
| Total Assets | $1.0B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | $133.9M | ||
| Q3 25 | $565.2M | $125.3M | ||
| Q2 25 | $545.5M | $107.0M | ||
| Q1 25 | $520.6M | $171.8M | ||
| Q4 24 | $535.6M | $216.4M | ||
| Q3 24 | $522.0M | $115.9M | ||
| Q2 24 | $561.5M | $141.5M | ||
| Q1 24 | $569.1M | $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 | $152.7M | $-392.1M | ||
| Q3 25 | $121.9M | $-374.5M | ||
| Q2 25 | $103.7M | $-347.8M | ||
| Q1 25 | $86.7M | $-288.1M | ||
| Q4 24 | $90.9M | $-202.1M | ||
| Q3 24 | $71.8M | $-117.7M | ||
| Q2 24 | $99.2M | $-72.2M | ||
| Q1 24 | $90.3M | $936.0K |
| Q4 25 | $1.0B | $968.8M | ||
| Q3 25 | $995.2M | $973.0M | ||
| Q2 25 | $964.0M | $1.0B | ||
| Q1 25 | $926.1M | $1.1B | ||
| Q4 24 | $931.4M | $1.2B | ||
| Q3 24 | $909.7M | $1.0B | ||
| Q2 24 | $919.2M | $1.1B | ||
| Q1 24 | $909.8M | $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 | $26.2M | $-18.4M |
| Free Cash FlowOCF − Capex | $14.5M | $-58.3M |
| FCF MarginFCF / Revenue | 6.9% | -31.7% |
| Capex IntensityCapex / Revenue | 5.6% | 21.7% |
| Cash ConversionOCF / Net Profit | 4.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $-18.4M | ||
| Q3 25 | $34.9M | $-37.1M | ||
| Q2 25 | $27.7M | $-62.9M | ||
| Q1 25 | $-7.9M | $-47.9M | ||
| Q4 24 | $19.2M | $37.9M | ||
| Q3 24 | $24.3M | $-16.9M | ||
| Q2 24 | $11.8M | $-25.2M | ||
| Q1 24 | $-52.0M | $-73.8M |
| Q4 25 | $14.5M | $-58.3M | ||
| Q3 25 | $20.1M | $-60.4M | ||
| Q2 25 | $17.3M | $-78.6M | ||
| Q1 25 | $-17.3M | $-62.6M | ||
| Q4 24 | $12.4M | $-70.2M | ||
| Q3 24 | $15.5M | $-21.9M | ||
| Q2 24 | $3.4M | $-30.8M | ||
| Q1 24 | $-61.8M | $-77.8M |
| Q4 25 | 6.9% | -31.7% | ||
| Q3 25 | 10.4% | -32.6% | ||
| Q2 25 | 9.3% | -41.5% | ||
| Q1 25 | -10.9% | -35.3% | ||
| Q4 24 | 7.5% | -34.3% | ||
| Q3 24 | 10.5% | -11.3% | ||
| Q2 24 | 2.3% | -15.7% | ||
| Q1 24 | -46.8% | -39.5% |
| Q4 25 | 5.6% | 21.7% | ||
| Q3 25 | 7.7% | 12.5% | ||
| Q2 25 | 5.6% | 8.3% | ||
| Q1 25 | 5.9% | 8.3% | ||
| Q4 24 | 4.2% | 52.8% | ||
| Q3 24 | 6.0% | 2.6% | ||
| Q2 24 | 5.7% | 2.9% | ||
| Q1 24 | 7.4% | 2.0% |
| Q4 25 | 4.70× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
UP
Segment breakdown not available.
