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Side-by-side financial comparison of MAXLINEAR, INC (MXL) 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 $137.2M, roughly 1.3× MAXLINEAR, INC). Wheels Up Experience Inc. runs the higher net margin — -15.7% vs -32.9%, a 17.2% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs -10.2%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs -3.4%).
MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.
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.
MXL vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $137.2M | $183.8M |
| Net Profit | $-45.1M | $-28.9M |
| Gross Margin | 57.5% | 14.3% |
| Operating Margin | 30.0% | -0.9% |
| Net Margin | -32.9% | -15.7% |
| Revenue YoY | 43.0% | -10.2% |
| Net Profit YoY | -203.0% | 67.0% |
| EPS (diluted) | $-0.52 | $-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 | $137.2M | — | ||
| Q4 25 | $136.4M | $183.8M | ||
| Q3 25 | $126.5M | $185.5M | ||
| Q2 25 | $108.8M | $189.6M | ||
| Q1 25 | $95.9M | $177.5M | ||
| Q4 24 | $92.2M | $204.8M | ||
| Q3 24 | $81.1M | $193.9M | ||
| Q2 24 | $92.0M | $196.3M |
| Q1 26 | $-45.1M | — | ||
| Q4 25 | $-14.9M | $-28.9M | ||
| Q3 25 | $-45.5M | $-83.7M | ||
| Q2 25 | $-26.6M | $-82.3M | ||
| Q1 25 | $-49.7M | $-99.3M | ||
| Q4 24 | $-57.8M | $-87.5M | ||
| Q3 24 | $-75.8M | $-57.7M | ||
| Q2 24 | $-39.3M | $-97.0M |
| Q1 26 | 57.5% | — | ||
| Q4 25 | 57.6% | 14.3% | ||
| Q3 25 | 56.9% | 6.8% | ||
| Q2 25 | 56.5% | 8.3% | ||
| Q1 25 | 56.1% | 10.8% | ||
| Q4 24 | 55.6% | 13.9% | ||
| Q3 24 | 54.4% | 13.9% | ||
| Q2 24 | 54.6% | 2.3% |
| Q1 26 | 30.0% | — | ||
| Q4 25 | -10.9% | -0.9% | ||
| Q3 25 | -32.7% | -33.1% | ||
| Q2 25 | -22.6% | -31.4% | ||
| Q1 25 | -48.0% | -45.5% | ||
| Q4 24 | -44.7% | -26.0% | ||
| Q3 24 | -82.3% | -21.6% | ||
| Q2 24 | -44.4% | -40.3% |
| Q1 26 | -32.9% | — | ||
| Q4 25 | -10.9% | -15.7% | ||
| Q3 25 | -36.0% | -45.1% | ||
| Q2 25 | -24.4% | -43.4% | ||
| Q1 25 | -51.8% | -55.9% | ||
| Q4 24 | -62.8% | -42.7% | ||
| Q3 24 | -93.4% | -29.8% | ||
| Q2 24 | -42.7% | -49.4% |
| Q1 26 | $-0.52 | — | ||
| Q4 25 | $-0.17 | $-0.04 | ||
| Q3 25 | $-0.52 | $-0.12 | ||
| Q2 25 | $-0.31 | $-0.12 | ||
| Q1 25 | $-0.58 | $-0.14 | ||
| Q4 24 | $-0.68 | $-0.13 | ||
| Q3 24 | $-0.90 | $-0.08 | ||
| Q2 24 | $-0.47 | $-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 | $61.1M | $133.9M |
| Total DebtLower is stronger | $123.8M | $671.3M |
| Stockholders' EquityBook value | $454.2M | $-392.1M |
| Total Assets | $771.3M | $968.8M |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.1M | — | ||
| Q4 25 | $72.8M | $133.9M | ||
| Q3 25 | $111.9M | $125.3M | ||
| Q2 25 | $108.6M | $107.0M | ||
| Q1 25 | $102.8M | $171.8M | ||
| Q4 24 | $118.6M | $216.4M | ||
| Q3 24 | $148.5M | $115.9M | ||
| Q2 24 | $185.1M | $141.5M |
| Q1 26 | $123.8M | — | ||
| 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 26 | $454.2M | — | ||
| Q4 25 | $451.9M | $-392.1M | ||
| Q3 25 | $464.7M | $-374.5M | ||
| Q2 25 | $488.3M | $-347.8M | ||
| Q1 25 | $493.2M | $-288.1M | ||
| Q4 24 | $516.3M | $-202.1M | ||
| Q3 24 | $556.9M | $-117.7M | ||
| Q2 24 | $617.3M | $-72.2M |
| Q1 26 | $771.3M | — | ||
| Q4 25 | $796.4M | $968.8M | ||
| Q3 25 | $808.1M | $973.0M | ||
| Q2 25 | $863.7M | $1.0B | ||
| Q1 25 | $855.3M | $1.1B | ||
| Q4 24 | $864.6M | $1.2B | ||
| Q3 24 | $895.3M | $1.0B | ||
| Q2 24 | $973.2M | $1.1B |
| Q1 26 | 0.27× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $10.4M | $-18.4M | ||
| Q3 25 | $10.1M | $-37.1M | ||
| Q2 25 | $10.5M | $-62.9M | ||
| Q1 25 | $-11.4M | $-47.9M | ||
| Q4 24 | $-27.8M | $37.9M | ||
| Q3 24 | $-30.7M | $-16.9M | ||
| Q2 24 | $-2.7M | $-25.2M |
| Q1 26 | — | — | ||
| Q4 25 | $6.7M | $-58.3M | ||
| Q3 25 | $4.4M | $-60.4M | ||
| Q2 25 | $9.3M | $-78.6M | ||
| Q1 25 | $-13.4M | $-62.6M | ||
| Q4 24 | $-30.0M | $-70.2M | ||
| Q3 24 | $-34.9M | $-21.9M | ||
| Q2 24 | $-5.7M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | -31.7% | ||
| Q3 25 | 3.5% | -32.6% | ||
| Q2 25 | 8.6% | -41.5% | ||
| Q1 25 | -14.0% | -35.3% | ||
| Q4 24 | -32.6% | -34.3% | ||
| Q3 24 | -43.0% | -11.3% | ||
| Q2 24 | -6.2% | -15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 21.7% | ||
| Q3 25 | 4.5% | 12.5% | ||
| Q2 25 | 1.1% | 8.3% | ||
| Q1 25 | 2.1% | 8.3% | ||
| Q4 24 | 2.4% | 52.8% | ||
| Q3 24 | 5.1% | 2.6% | ||
| Q2 24 | 3.3% | 2.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
