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Side-by-side financial comparison of Lovesac Co (LOVE) 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 $150.2M, roughly 1.2× Lovesac Co). Lovesac Co runs the higher net margin — -7.0% vs -15.7%, a 8.7% gap on every dollar of revenue. On growth, Lovesac Co posted the faster year-over-year revenue change (0.2% vs -10.2%). Lovesac Co produced more free cash flow last quarter ($-10.2M vs $-58.3M). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% CAGR vs -22.6%).
The Lovesac Company is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a bag seat filled with a proprietary foam mixture.
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.
LOVE vs UP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $150.2M | $183.8M |
| Net Profit | $-10.6M | $-28.9M |
| Gross Margin | 56.1% | 14.3% |
| Operating Margin | -10.5% | -0.9% |
| Net Margin | -7.0% | -15.7% |
| Revenue YoY | 0.2% | -10.2% |
| Net Profit YoY | -114.0% | 67.0% |
| EPS (diluted) | $-0.72 | $-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 | $150.2M | $183.8M | ||
| Q3 25 | $160.5M | $185.5M | ||
| Q2 25 | $138.4M | $189.6M | ||
| Q1 25 | $241.5M | $177.5M | ||
| Q4 24 | $149.9M | $204.8M | ||
| Q3 24 | $156.6M | $193.9M | ||
| Q2 24 | $132.6M | $196.3M | ||
| Q1 24 | $250.5M | $197.1M |
| Q4 25 | $-10.6M | $-28.9M | ||
| Q3 25 | $-6.7M | $-83.7M | ||
| Q2 25 | $-10.8M | $-82.3M | ||
| Q1 25 | $35.3M | $-99.3M | ||
| Q4 24 | $-4.9M | $-87.5M | ||
| Q3 24 | $-5.9M | $-57.7M | ||
| Q2 24 | $-13.0M | $-97.0M | ||
| Q1 24 | $31.0M | $-97.4M |
| Q4 25 | 56.1% | 14.3% | ||
| Q3 25 | 56.4% | 6.8% | ||
| Q2 25 | 53.7% | 8.3% | ||
| Q1 25 | 60.4% | 10.8% | ||
| Q4 24 | 58.5% | 13.9% | ||
| Q3 24 | 59.0% | 13.9% | ||
| Q2 24 | 54.3% | 2.3% | ||
| Q1 24 | 59.7% | -0.6% |
| Q4 25 | -10.5% | -0.9% | ||
| Q3 25 | -5.5% | -33.1% | ||
| Q2 25 | -10.8% | -31.4% | ||
| Q1 25 | 19.7% | -45.5% | ||
| Q4 24 | -5.2% | -26.0% | ||
| Q3 24 | -5.3% | -21.6% | ||
| Q2 24 | -13.5% | -40.3% | ||
| Q1 24 | 16.1% | -42.9% |
| Q4 25 | -7.0% | -15.7% | ||
| Q3 25 | -4.1% | -45.1% | ||
| Q2 25 | -7.8% | -43.4% | ||
| Q1 25 | 14.6% | -55.9% | ||
| Q4 24 | -3.3% | -42.7% | ||
| Q3 24 | -3.7% | -29.8% | ||
| Q2 24 | -9.8% | -49.4% | ||
| Q1 24 | 12.4% | -49.4% |
| Q4 25 | $-0.72 | $-0.04 | ||
| Q3 25 | $-0.45 | $-0.12 | ||
| Q2 25 | $-0.73 | $-0.12 | ||
| Q1 25 | $2.22 | $-0.14 | ||
| Q4 24 | $-0.32 | $-0.13 | ||
| Q3 24 | $-0.38 | $-0.08 | ||
| Q2 24 | $-0.83 | $-0.14 | ||
| Q1 24 | $1.91 | $-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 | $23.7M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $189.3M | $-392.1M |
| Total Assets | $495.5M | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.7M | $133.9M | ||
| Q3 25 | $34.2M | $125.3M | ||
| Q2 25 | $26.9M | $107.0M | ||
| Q1 25 | $83.7M | $171.8M | ||
| Q4 24 | $61.7M | $216.4M | ||
| Q3 24 | $72.1M | $115.9M | ||
| Q2 24 | $72.4M | $141.5M | ||
| Q1 24 | $87.0M | $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 | $189.3M | $-392.1M | ||
| Q3 25 | $197.5M | $-374.5M | ||
| Q2 25 | $201.2M | $-347.8M | ||
| Q1 25 | $216.4M | $-288.1M | ||
| Q4 24 | $196.5M | $-202.1M | ||
| Q3 24 | $202.1M | $-117.7M | ||
| Q2 24 | $205.3M | $-72.2M | ||
| Q1 24 | $217.5M | $936.0K |
| Q4 25 | $495.5M | $968.8M | ||
| Q3 25 | $493.7M | $973.0M | ||
| Q2 25 | $483.7M | $1.0B | ||
| Q1 25 | $532.3M | $1.1B | ||
| Q4 24 | $499.7M | $1.2B | ||
| Q3 24 | $481.1M | $1.0B | ||
| Q2 24 | $477.2M | $1.1B | ||
| Q1 24 | $482.2M | $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 | $-4.9M | $-18.4M |
| Free Cash FlowOCF − Capex | $-10.2M | $-58.3M |
| FCF MarginFCF / Revenue | -6.8% | -31.7% |
| Capex IntensityCapex / Revenue | 3.5% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.6M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.9M | $-18.4M | ||
| Q3 25 | $12.2M | $-37.1M | ||
| Q2 25 | $-41.4M | $-62.9M | ||
| Q1 25 | $44.0M | $-47.9M | ||
| Q4 24 | $-4.2M | $37.9M | ||
| Q3 24 | $6.2M | $-16.9M | ||
| Q2 24 | $-7.0M | $-25.2M | ||
| Q1 24 | $56.3M | $-73.8M |
| Q4 25 | $-10.2M | $-58.3M | ||
| Q3 25 | $7.8M | $-60.4M | ||
| Q2 25 | $-50.0M | $-78.6M | ||
| Q1 25 | $38.7M | $-62.6M | ||
| Q4 24 | $-6.6M | $-70.2M | ||
| Q3 24 | $119.0K | $-21.9M | ||
| Q2 24 | $-14.3M | $-30.8M | ||
| Q1 24 | $49.5M | $-77.8M |
| Q4 25 | -6.8% | -31.7% | ||
| Q3 25 | 4.9% | -32.6% | ||
| Q2 25 | -36.1% | -41.5% | ||
| Q1 25 | 16.0% | -35.3% | ||
| Q4 24 | -4.4% | -34.3% | ||
| Q3 24 | 0.1% | -11.3% | ||
| Q2 24 | -10.8% | -15.7% | ||
| Q1 24 | 19.8% | -39.5% |
| Q4 25 | 3.5% | 21.7% | ||
| Q3 25 | 2.7% | 12.5% | ||
| Q2 25 | 6.2% | 8.3% | ||
| Q1 25 | 2.2% | 8.3% | ||
| Q4 24 | 1.6% | 52.8% | ||
| Q3 24 | 3.9% | 2.6% | ||
| Q2 24 | 5.5% | 2.9% | ||
| Q1 24 | 2.7% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.82× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
UP
Segment breakdown not available.
