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Side-by-side financial comparison of LendingClub Corp (LC) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
LendingClub Corp is the larger business by last-quarter revenue ($252.3M vs $183.8M, roughly 1.4× Wheels Up Experience Inc.). LendingClub Corp runs the higher net margin — 20.5% vs -15.7%, a 36.2% gap on every dollar of revenue. On growth, LendingClub Corp posted the faster year-over-year revenue change (15.9% vs -10.2%). Over the past eight quarters, LendingClub Corp's revenue compounded faster (16.1% CAGR vs -3.4%).
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
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.
LC vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $252.3M | $183.8M |
| Net Profit | $51.6M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | — | -0.9% |
| Net Margin | 20.5% | -15.7% |
| Revenue YoY | 15.9% | -10.2% |
| Net Profit YoY | 341.0% | 67.0% |
| EPS (diluted) | $0.44 | $-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 | $252.3M | — | ||
| Q4 25 | $266.5M | $183.8M | ||
| Q3 25 | $266.2M | $185.5M | ||
| Q2 25 | $248.4M | $189.6M | ||
| Q1 25 | $217.7M | $177.5M | ||
| Q4 24 | $217.2M | $204.8M | ||
| Q3 24 | $201.9M | $193.9M | ||
| Q2 24 | $187.2M | $196.3M |
| Q1 26 | $51.6M | — | ||
| Q4 25 | — | $-28.9M | ||
| Q3 25 | $44.3M | $-83.7M | ||
| Q2 25 | $38.2M | $-82.3M | ||
| Q1 25 | $11.7M | $-99.3M | ||
| Q4 24 | — | $-87.5M | ||
| Q3 24 | $14.5M | $-57.7M | ||
| Q2 24 | $14.9M | $-97.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 18.8% | -0.9% | ||
| Q3 25 | 21.5% | -33.1% | ||
| Q2 25 | 21.7% | -31.4% | ||
| Q1 25 | 7.2% | -45.5% | ||
| Q4 24 | 5.1% | -26.0% | ||
| Q3 24 | 8.9% | -21.6% | ||
| Q2 24 | 10.4% | -40.3% |
| Q1 26 | 20.5% | — | ||
| Q4 25 | — | -15.7% | ||
| Q3 25 | 16.6% | -45.1% | ||
| Q2 25 | 15.4% | -43.4% | ||
| Q1 25 | 5.4% | -55.9% | ||
| Q4 24 | — | -42.7% | ||
| Q3 24 | 7.2% | -29.8% | ||
| Q2 24 | 8.0% | -49.4% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.36 | $-0.04 | ||
| Q3 25 | $0.37 | $-0.12 | ||
| Q2 25 | $0.33 | $-0.12 | ||
| Q1 25 | $0.10 | $-0.14 | ||
| Q4 24 | $0.08 | $-0.13 | ||
| Q3 24 | $0.13 | $-0.08 | ||
| Q2 24 | $0.13 | $-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 | — | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $1.5B | $-392.1M |
| Total Assets | $11.9B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $133.9M | ||
| Q3 25 | — | $125.3M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $171.8M | ||
| Q4 24 | — | $216.4M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $141.5M |
| Q1 26 | — | — | ||
| Q4 25 | $0 | $671.3M | ||
| Q3 25 | $0 | $766.5M | ||
| Q2 25 | $0 | $770.5M | ||
| Q1 25 | $0 | $765.8M | ||
| Q4 24 | $0 | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $-392.1M | ||
| Q3 25 | $1.5B | $-374.5M | ||
| Q2 25 | $1.4B | $-347.8M | ||
| Q1 25 | $1.4B | $-288.1M | ||
| Q4 24 | $1.3B | $-202.1M | ||
| Q3 24 | $1.3B | $-117.7M | ||
| Q2 24 | $1.3B | $-72.2M |
| Q1 26 | $11.9B | — | ||
| Q4 25 | $11.6B | $968.8M | ||
| Q3 25 | $11.1B | $973.0M | ||
| Q2 25 | $10.8B | $1.0B | ||
| Q1 25 | $10.5B | $1.1B | ||
| Q4 24 | $10.6B | $1.2B | ||
| Q3 24 | $11.0B | $1.0B | ||
| Q2 24 | $9.6B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-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 | — | — | ||
| Q4 25 | $-2.7B | $-18.4M | ||
| Q3 25 | $-770.8M | $-37.1M | ||
| Q2 25 | $-713.1M | $-62.9M | ||
| Q1 25 | $-339.3M | $-47.9M | ||
| Q4 24 | $-2.6B | $37.9M | ||
| Q3 24 | $-669.8M | $-16.9M | ||
| Q2 24 | $-932.5M | $-25.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.9B | $-58.3M | ||
| Q3 25 | $-791.8M | $-60.4M | ||
| Q2 25 | $-803.8M | $-78.6M | ||
| Q1 25 | $-352.3M | $-62.6M | ||
| Q4 24 | $-2.7B | $-70.2M | ||
| Q3 24 | $-682.3M | $-21.9M | ||
| Q2 24 | $-945.3M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | -1076.0% | -31.7% | ||
| Q3 25 | -297.4% | -32.6% | ||
| Q2 25 | -323.5% | -41.5% | ||
| Q1 25 | -161.8% | -35.3% | ||
| Q4 24 | -1237.8% | -34.3% | ||
| Q3 24 | -338.0% | -11.3% | ||
| Q2 24 | -504.9% | -15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 52.7% | 21.7% | ||
| Q3 25 | 7.9% | 12.5% | ||
| Q2 25 | 36.5% | 8.3% | ||
| Q1 25 | 6.0% | 8.3% | ||
| Q4 24 | 25.0% | 52.8% | ||
| Q3 24 | 6.2% | 2.6% | ||
| Q2 24 | 6.9% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -17.41× | — | ||
| Q2 25 | -18.68× | — | ||
| Q1 25 | -29.07× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -46.33× | — | ||
| Q2 24 | -62.57× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
