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Side-by-side financial comparison of LiveRamp Holdings, Inc. (RAMP) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $183.8M, roughly 1.2× Wheels Up Experience Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -15.7%, a 34.5% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -10.2%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -3.4%).
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
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.
RAMP vs UP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $212.2M | $183.8M |
| Net Profit | $39.9M | $-28.9M |
| Gross Margin | 71.9% | 14.3% |
| Operating Margin | 18.6% | -0.9% |
| Net Margin | 18.8% | -15.7% |
| Revenue YoY | 8.6% | -10.2% |
| Net Profit YoY | 255.7% | 67.0% |
| EPS (diluted) | $0.62 | $-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 | $212.2M | $183.8M | ||
| Q3 25 | $199.8M | $185.5M | ||
| Q2 25 | $194.8M | $189.6M | ||
| Q1 25 | $188.7M | $177.5M | ||
| Q4 24 | $195.4M | $204.8M | ||
| Q3 24 | $185.5M | $193.9M | ||
| Q2 24 | $176.0M | $196.3M | ||
| Q1 24 | $171.9M | $197.1M |
| Q4 25 | $39.9M | $-28.9M | ||
| Q3 25 | $27.4M | $-83.7M | ||
| Q2 25 | $7.7M | $-82.3M | ||
| Q1 25 | $-6.3M | $-99.3M | ||
| Q4 24 | $11.2M | $-87.5M | ||
| Q3 24 | $1.7M | $-57.7M | ||
| Q2 24 | $-7.5M | $-97.0M | ||
| Q1 24 | $-5.4M | $-97.4M |
| Q4 25 | 71.9% | 14.3% | ||
| Q3 25 | 70.2% | 6.8% | ||
| Q2 25 | 70.1% | 8.3% | ||
| Q1 25 | 69.3% | 10.8% | ||
| Q4 24 | 71.9% | 13.9% | ||
| Q3 24 | 72.4% | 13.9% | ||
| Q2 24 | 70.6% | 2.3% | ||
| Q1 24 | 72.2% | -0.6% |
| Q4 25 | 18.6% | -0.9% | ||
| Q3 25 | 10.7% | -33.1% | ||
| Q2 25 | 3.7% | -31.4% | ||
| Q1 25 | -6.1% | -45.5% | ||
| Q4 24 | 7.5% | -26.0% | ||
| Q3 24 | 4.0% | -21.6% | ||
| Q2 24 | -3.0% | -40.3% | ||
| Q1 24 | -8.3% | -42.9% |
| Q4 25 | 18.8% | -15.7% | ||
| Q3 25 | 13.7% | -45.1% | ||
| Q2 25 | 4.0% | -43.4% | ||
| Q1 25 | -3.3% | -55.9% | ||
| Q4 24 | 5.7% | -42.7% | ||
| Q3 24 | 0.9% | -29.8% | ||
| Q2 24 | -4.3% | -49.4% | ||
| Q1 24 | -3.1% | -49.4% |
| Q4 25 | $0.62 | $-0.04 | ||
| Q3 25 | $0.42 | $-0.12 | ||
| Q2 25 | $0.12 | $-0.12 | ||
| Q1 25 | $-0.10 | $-0.14 | ||
| Q4 24 | $0.17 | $-0.13 | ||
| Q3 24 | $0.03 | $-0.08 | ||
| Q2 24 | $-0.11 | $-0.14 | ||
| Q1 24 | $-0.09 | $-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 | $403.4M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $962.3M | $-392.1M |
| Total Assets | $1.3B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $403.4M | $133.9M | ||
| Q3 25 | $376.9M | $125.3M | ||
| Q2 25 | $371.1M | $107.0M | ||
| Q1 25 | $420.8M | $171.8M | ||
| Q4 24 | $384.3M | $216.4M | ||
| Q3 24 | $348.4M | $115.9M | ||
| Q2 24 | $342.7M | $141.5M | ||
| Q1 24 | $368.9M | $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 | $962.3M | $-392.1M | ||
| Q3 25 | $943.8M | $-374.5M | ||
| Q2 25 | $947.8M | $-347.8M | ||
| Q1 25 | $948.9M | $-288.1M | ||
| Q4 24 | $957.7M | $-202.1M | ||
| Q3 24 | $932.1M | $-117.7M | ||
| Q2 24 | $951.9M | $-72.2M | ||
| Q1 24 | $949.1M | $936.0K |
| Q4 25 | $1.3B | $968.8M | ||
| Q3 25 | $1.2B | $973.0M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.2B | $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 | — | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-58.3M |
| FCF MarginFCF / Revenue | — | -31.7% |
| Capex IntensityCapex / Revenue | 0.1% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-18.4M | ||
| Q3 25 | $57.4M | $-37.1M | ||
| Q2 25 | $-15.8M | $-62.9M | ||
| Q1 25 | — | $-47.9M | ||
| Q4 24 | $45.1M | $37.9M | ||
| Q3 24 | $55.6M | $-16.9M | ||
| Q2 24 | $-9.3M | $-25.2M | ||
| Q1 24 | — | $-73.8M |
| Q4 25 | — | $-58.3M | ||
| Q3 25 | $56.8M | $-60.4M | ||
| Q2 25 | $-16.2M | $-78.6M | ||
| Q1 25 | — | $-62.6M | ||
| Q4 24 | $44.8M | $-70.2M | ||
| Q3 24 | $55.4M | $-21.9M | ||
| Q2 24 | $-9.6M | $-30.8M | ||
| Q1 24 | — | $-77.8M |
| Q4 25 | — | -31.7% | ||
| Q3 25 | 28.4% | -32.6% | ||
| Q2 25 | -8.3% | -41.5% | ||
| Q1 25 | — | -35.3% | ||
| Q4 24 | 22.9% | -34.3% | ||
| Q3 24 | 29.8% | -11.3% | ||
| Q2 24 | -5.4% | -15.7% | ||
| Q1 24 | — | -39.5% |
| Q4 25 | 0.1% | 21.7% | ||
| Q3 25 | 0.3% | 12.5% | ||
| Q2 25 | 0.2% | 8.3% | ||
| Q1 25 | 0.2% | 8.3% | ||
| Q4 24 | 0.1% | 52.8% | ||
| Q3 24 | 0.1% | 2.6% | ||
| Q2 24 | 0.1% | 2.9% | ||
| Q1 24 | 1.0% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | 2.09× | — | ||
| Q2 25 | -2.04× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.02× | — | ||
| Q3 24 | 32.10× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
