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Side-by-side financial comparison of loanDepot, Inc. (LDI) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
loanDepot, Inc. is the larger business by last-quarter revenue ($310.3M vs $183.8M, roughly 1.7× Wheels Up Experience Inc.). loanDepot, Inc. runs the higher net margin — -7.2% vs -15.7%, a 8.5% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs -10.2%). Wheels Up Experience Inc. produced more free cash flow last quarter ($-58.3M vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs -3.4%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
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.
LDI vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $183.8M |
| Net Profit | $-22.5M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | -10.3% | -0.9% |
| Net Margin | -7.2% | -15.7% |
| Revenue YoY | 20.5% | -10.2% |
| Net Profit YoY | 32.4% | 67.0% |
| EPS (diluted) | — | $-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 | $310.3M | $183.8M | ||
| Q3 25 | $323.3M | $185.5M | ||
| Q2 25 | $282.5M | $189.6M | ||
| Q1 25 | $273.6M | $177.5M | ||
| Q4 24 | $257.5M | $204.8M | ||
| Q3 24 | $314.6M | $193.9M | ||
| Q2 24 | $265.4M | $196.3M | ||
| Q1 24 | $222.8M | $197.1M |
| Q4 25 | $-22.5M | $-28.9M | ||
| Q3 25 | $-4.9M | $-83.7M | ||
| Q2 25 | $-13.4M | $-82.3M | ||
| Q1 25 | $-21.9M | $-99.3M | ||
| Q4 24 | $-33.2M | $-87.5M | ||
| Q3 24 | $1.4M | $-57.7M | ||
| Q2 24 | $-32.2M | $-97.0M | ||
| Q1 24 | $-34.3M | $-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 | -10.3% | -0.9% | ||
| Q3 25 | -3.2% | -33.1% | ||
| Q2 25 | -11.4% | -31.4% | ||
| Q1 25 | -16.8% | -45.5% | ||
| Q4 24 | -32.7% | -26.0% | ||
| Q3 24 | 1.1% | -21.6% | ||
| Q2 24 | -29.1% | -40.3% | ||
| Q1 24 | -38.2% | -42.9% |
| Q4 25 | -7.2% | -15.7% | ||
| Q3 25 | -1.5% | -45.1% | ||
| Q2 25 | -4.7% | -43.4% | ||
| Q1 25 | -8.0% | -55.9% | ||
| Q4 24 | -12.9% | -42.7% | ||
| Q3 24 | 0.4% | -29.8% | ||
| Q2 24 | -12.1% | -49.4% | ||
| Q1 24 | -15.4% | -49.4% |
| Q4 25 | — | $-0.04 | ||
| Q3 25 | — | $-0.12 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $-0.14 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $0.01 | $-0.08 | ||
| Q2 24 | $-0.18 | $-0.14 | ||
| Q1 24 | $-0.19 | $-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 | $337.2M | $133.9M |
| Total DebtLower is stronger | $2.1B | $671.3M |
| Stockholders' EquityBook value | $386.0M | $-392.1M |
| Total Assets | $6.9B | $968.8M |
| Debt / EquityLower = less leverage | 5.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $337.2M | $133.9M | ||
| Q3 25 | $459.2M | $125.3M | ||
| Q2 25 | $408.6M | $107.0M | ||
| Q1 25 | $371.5M | $171.8M | ||
| Q4 24 | $421.6M | $216.4M | ||
| Q3 24 | $483.0M | $115.9M | ||
| Q2 24 | $533.2M | $141.5M | ||
| Q1 24 | $603.7M | $180.9M |
| Q4 25 | $2.1B | $671.3M | ||
| Q3 25 | $2.1B | $766.5M | ||
| Q2 25 | $2.1B | $770.5M | ||
| Q1 25 | $2.0B | $765.8M | ||
| Q4 24 | $2.0B | $761.3M | ||
| Q3 24 | $2.0B | $596.9M | ||
| Q2 24 | $2.0B | $597.4M | ||
| Q1 24 | $2.3B | $603.2M |
| Q4 25 | $386.0M | $-392.1M | ||
| Q3 25 | $433.3M | $-374.5M | ||
| Q2 25 | $439.1M | $-347.8M | ||
| Q1 25 | $469.3M | $-288.1M | ||
| Q4 24 | $506.6M | $-202.1M | ||
| Q3 24 | $592.0M | $-117.7M | ||
| Q2 24 | $578.9M | $-72.2M | ||
| Q1 24 | $637.3M | $936.0K |
| Q4 25 | $6.9B | $968.8M | ||
| Q3 25 | $6.2B | $973.0M | ||
| Q2 25 | $6.2B | $1.0B | ||
| Q1 25 | $6.4B | $1.1B | ||
| Q4 24 | $6.3B | $1.2B | ||
| Q3 24 | $6.4B | $1.0B | ||
| Q2 24 | $5.9B | $1.1B | ||
| Q1 24 | $6.2B | $1.2B |
| Q4 25 | 5.44× | — | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 3.41× | — | ||
| Q1 24 | 3.63× | 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 | $-638.7M | $-18.4M |
| Free Cash FlowOCF − Capex | $-648.0M | $-58.3M |
| FCF MarginFCF / Revenue | -208.9% | -31.7% |
| Capex IntensityCapex / Revenue | 3.0% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-638.7M | $-18.4M | ||
| Q3 25 | $43.4M | $-37.1M | ||
| Q2 25 | $67.6M | $-62.9M | ||
| Q1 25 | $-179.9M | $-47.9M | ||
| Q4 24 | $47.7M | $37.9M | ||
| Q3 24 | $-349.2M | $-16.9M | ||
| Q2 24 | $-278.3M | $-25.2M | ||
| Q1 24 | $-278.5M | $-73.8M |
| Q4 25 | $-648.0M | $-58.3M | ||
| Q3 25 | $38.7M | $-60.4M | ||
| Q2 25 | $61.4M | $-78.6M | ||
| Q1 25 | $-186.7M | $-62.6M | ||
| Q4 24 | $40.8M | $-70.2M | ||
| Q3 24 | $-356.4M | $-21.9M | ||
| Q2 24 | $-285.7M | $-30.8M | ||
| Q1 24 | $-283.3M | $-77.8M |
| Q4 25 | -208.9% | -31.7% | ||
| Q3 25 | 12.0% | -32.6% | ||
| Q2 25 | 21.7% | -41.5% | ||
| Q1 25 | -68.2% | -35.3% | ||
| Q4 24 | 15.8% | -34.3% | ||
| Q3 24 | -113.3% | -11.3% | ||
| Q2 24 | -107.7% | -15.7% | ||
| Q1 24 | -127.2% | -39.5% |
| Q4 25 | 3.0% | 21.7% | ||
| Q3 25 | 1.5% | 12.5% | ||
| Q2 25 | 2.2% | 8.3% | ||
| Q1 25 | 2.5% | 8.3% | ||
| Q4 24 | 2.7% | 52.8% | ||
| Q3 24 | 2.3% | 2.6% | ||
| Q2 24 | 2.8% | 2.9% | ||
| Q1 24 | 2.1% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -255.05× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
