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Side-by-side financial comparison of BRC Group Holdings, Inc. (RILY) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $183.8M, roughly 1.0× Wheels Up Experience Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -15.7%, a 63.7% gap on every dollar of revenue. On growth, Wheels Up Experience Inc. posted the faster year-over-year revenue change (-10.2% vs -21.9%). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% CAGR vs -15.4%).
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.
RILY vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $188.3M | $183.8M |
| Net Profit | $90.3M | $-28.9M |
| Gross Margin | 79.5% | 14.3% |
| Operating Margin | 32.3% | -0.9% |
| Net Margin | 47.9% | -15.7% |
| Revenue YoY | -21.9% | -10.2% |
| Net Profit YoY | 1710.8% | 67.0% |
| EPS (diluted) | $2.78 | $-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 | $188.3M | $183.8M | ||
| Q3 25 | $215.3M | $185.5M | ||
| Q2 25 | $188.2M | $189.6M | ||
| Q1 25 | $197.2M | $177.5M | ||
| Q4 24 | $241.0M | $204.8M | ||
| Q3 24 | $225.5M | $193.9M | ||
| Q2 24 | $256.0M | $196.3M | ||
| Q1 24 | $263.4M | $197.1M |
| Q4 25 | $90.3M | $-28.9M | ||
| Q3 25 | $91.1M | $-83.7M | ||
| Q2 25 | $139.5M | $-82.3M | ||
| Q1 25 | $-10.0M | $-99.3M | ||
| Q4 24 | $-5.6M | $-87.5M | ||
| Q3 24 | $-284.4M | $-57.7M | ||
| Q2 24 | $-433.6M | $-97.0M | ||
| Q1 24 | $-49.2M | $-97.4M |
| Q4 25 | 79.5% | 14.3% | ||
| Q3 25 | 83.7% | 6.8% | ||
| Q2 25 | 81.3% | 8.3% | ||
| Q1 25 | 81.4% | 10.8% | ||
| Q4 24 | 79.8% | 13.9% | ||
| Q3 24 | 82.1% | 13.9% | ||
| Q2 24 | 84.5% | 2.3% | ||
| Q1 24 | 85.3% | -0.6% |
| Q4 25 | 32.3% | -0.9% | ||
| Q3 25 | 30.4% | -33.1% | ||
| Q2 25 | 5.7% | -31.4% | ||
| Q1 25 | -31.2% | -45.5% | ||
| Q4 24 | -69.2% | -26.0% | ||
| Q3 24 | -36.4% | -21.6% | ||
| Q2 24 | -90.8% | -40.3% | ||
| Q1 24 | -6.1% | -42.9% |
| Q4 25 | 47.9% | -15.7% | ||
| Q3 25 | 42.3% | -45.1% | ||
| Q2 25 | 74.1% | -43.4% | ||
| Q1 25 | -5.1% | -55.9% | ||
| Q4 24 | -2.3% | -42.7% | ||
| Q3 24 | -126.1% | -29.8% | ||
| Q2 24 | -169.4% | -49.4% | ||
| Q1 24 | -18.7% | -49.4% |
| Q4 25 | $2.78 | $-0.04 | ||
| Q3 25 | $2.91 | $-0.12 | ||
| Q2 25 | $4.50 | $-0.12 | ||
| Q1 25 | $-0.39 | $-0.14 | ||
| Q4 24 | $-0.01 | $-0.13 | ||
| Q3 24 | $-9.39 | $-0.08 | ||
| Q2 24 | $-14.35 | $-0.14 | ||
| Q1 24 | $-1.71 | $-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 | $226.6M | $133.9M |
| Total DebtLower is stronger | $1.4B | $671.3M |
| Stockholders' EquityBook value | $-171.5M | $-392.1M |
| Total Assets | $1.7B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.6M | $133.9M | ||
| Q3 25 | $184.2M | $125.3M | ||
| Q2 25 | $267.4M | $107.0M | ||
| Q1 25 | $138.3M | $171.8M | ||
| Q4 24 | $146.9M | $216.4M | ||
| Q3 24 | $159.2M | $115.9M | ||
| Q2 24 | $236.9M | $141.5M | ||
| Q1 24 | $190.7M | $180.9M |
| Q4 25 | $1.4B | $671.3M | ||
| Q3 25 | $1.3B | $766.5M | ||
| Q2 25 | $1.3B | $770.5M | ||
| Q1 25 | $1.4B | $765.8M | ||
| Q4 24 | $1.5B | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | — | $603.2M |
| Q4 25 | $-171.5M | $-392.1M | ||
| Q3 25 | $-260.5M | $-374.5M | ||
| Q2 25 | $-351.7M | $-347.8M | ||
| Q1 25 | $-496.8M | $-288.1M | ||
| Q4 24 | $-488.2M | $-202.1M | ||
| Q3 24 | $-497.6M | $-117.7M | ||
| Q2 24 | $-218.3M | $-72.2M | ||
| Q1 24 | $228.4M | $936.0K |
| Q4 25 | $1.7B | $968.8M | ||
| Q3 25 | $1.7B | $973.0M | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $3.2B | $1.1B | ||
| Q1 24 | $5.0B | $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 | $26.2M | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-58.3M |
| FCF MarginFCF / Revenue | — | -31.7% |
| Capex IntensityCapex / Revenue | — | 21.7% |
| Cash ConversionOCF / Net Profit | 0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $-18.4M | ||
| Q3 25 | $-60.6M | $-37.1M | ||
| Q2 25 | $-25.6M | $-62.9M | ||
| Q1 25 | $184.0K | $-47.9M | ||
| Q4 24 | $-2.7M | $37.9M | ||
| Q3 24 | $19.5M | $-16.9M | ||
| Q2 24 | $111.5M | $-25.2M | ||
| Q1 24 | $135.4M | $-73.8M |
| Q4 25 | — | $-58.3M | ||
| Q3 25 | — | $-60.4M | ||
| Q2 25 | — | $-78.6M | ||
| Q1 25 | — | $-62.6M | ||
| Q4 24 | — | $-70.2M | ||
| Q3 24 | — | $-21.9M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-77.8M |
| Q4 25 | — | -31.7% | ||
| Q3 25 | — | -32.6% | ||
| Q2 25 | — | -41.5% | ||
| Q1 25 | — | -35.3% | ||
| Q4 24 | — | -34.3% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | -39.5% |
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 52.8% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | 0.29× | — | ||
| Q3 25 | -0.66× | — | ||
| Q2 25 | -0.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
UP
Segment breakdown not available.
