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Side-by-side financial comparison of Stoke Therapeutics, Inc. (STOK) 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 $158.6M, roughly 1.2× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -15.7%, a 86.9% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs -10.2%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $-58.3M).

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

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.

STOK vs UP — Head-to-Head

Bigger by revenue
UP
UP
1.2× larger
UP
$183.8M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3671.4% gap
STOK
3661.1%
-10.2%
UP
Higher net margin
STOK
STOK
86.9% more per $
STOK
71.2%
-15.7%
UP
More free cash flow
STOK
STOK
$189.9M more FCF
STOK
$131.7M
$-58.3M
UP

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
STOK
STOK
UP
UP
Revenue
$158.6M
$183.8M
Net Profit
$112.9M
$-28.9M
Gross Margin
14.3%
Operating Margin
70.2%
-0.9%
Net Margin
71.2%
-15.7%
Revenue YoY
3661.1%
-10.2%
Net Profit YoY
528.0%
67.0%
EPS (diluted)
$1.90
$-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.

Revenue
STOK
STOK
UP
UP
Q4 25
$183.8M
Q3 25
$185.5M
Q2 25
$189.6M
Q1 25
$158.6M
$177.5M
Q4 24
$22.6M
$204.8M
Q3 24
$193.9M
Q2 24
$196.3M
Q1 24
$197.1M
Net Profit
STOK
STOK
UP
UP
Q4 25
$-28.9M
Q3 25
$-83.7M
Q2 25
$-82.3M
Q1 25
$112.9M
$-99.3M
Q4 24
$-10.5M
$-87.5M
Q3 24
$-57.7M
Q2 24
$-97.0M
Q1 24
$-97.4M
Gross Margin
STOK
STOK
UP
UP
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%
Operating Margin
STOK
STOK
UP
UP
Q4 25
-0.9%
Q3 25
-33.1%
Q2 25
-31.4%
Q1 25
70.2%
-45.5%
Q4 24
-60.4%
-26.0%
Q3 24
-21.6%
Q2 24
-40.3%
Q1 24
-42.9%
Net Margin
STOK
STOK
UP
UP
Q4 25
-15.7%
Q3 25
-45.1%
Q2 25
-43.4%
Q1 25
71.2%
-55.9%
Q4 24
-46.4%
-42.7%
Q3 24
-29.8%
Q2 24
-49.4%
Q1 24
-49.4%
EPS (diluted)
STOK
STOK
UP
UP
Q4 25
$-0.04
Q3 25
$-0.12
Q2 25
$-0.12
Q1 25
$1.90
$-0.14
Q4 24
$-0.15
$-0.13
Q3 24
$-0.08
Q2 24
$-0.14
Q1 24
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
STOK
STOK
UP
UP
Cash + ST InvestmentsLiquidity on hand
$274.8M
$133.9M
Total DebtLower is stronger
$671.3M
Stockholders' EquityBook value
$350.1M
$-392.1M
Total Assets
$406.9M
$968.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STOK
STOK
UP
UP
Q4 25
$133.9M
Q3 25
$125.3M
Q2 25
$107.0M
Q1 25
$274.8M
$171.8M
Q4 24
$128.0M
$216.4M
Q3 24
$115.9M
Q2 24
$141.5M
Q1 24
$180.9M
Total Debt
STOK
STOK
UP
UP
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
Stockholders' Equity
STOK
STOK
UP
UP
Q4 25
$-392.1M
Q3 25
$-374.5M
Q2 25
$-347.8M
Q1 25
$350.1M
$-288.1M
Q4 24
$229.0M
$-202.1M
Q3 24
$-117.7M
Q2 24
$-72.2M
Q1 24
$936.0K
Total Assets
STOK
STOK
UP
UP
Q4 25
$968.8M
Q3 25
$973.0M
Q2 25
$1.0B
Q1 25
$406.9M
$1.1B
Q4 24
$271.6M
$1.2B
Q3 24
$1.0B
Q2 24
$1.1B
Q1 24
$1.2B
Debt / Equity
STOK
STOK
UP
UP
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
STOK
STOK
UP
UP
Operating Cash FlowLast quarter
$131.8M
$-18.4M
Free Cash FlowOCF − Capex
$131.7M
$-58.3M
FCF MarginFCF / Revenue
83.0%
-31.7%
Capex IntensityCapex / Revenue
0.1%
21.7%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$-259.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STOK
STOK
UP
UP
Q4 25
$-18.4M
Q3 25
$-37.1M
Q2 25
$-62.9M
Q1 25
$131.8M
$-47.9M
Q4 24
$-23.2M
$37.9M
Q3 24
$-16.9M
Q2 24
$-25.2M
Q1 24
$-73.8M
Free Cash Flow
STOK
STOK
UP
UP
Q4 25
$-58.3M
Q3 25
$-60.4M
Q2 25
$-78.6M
Q1 25
$131.7M
$-62.6M
Q4 24
$-23.2M
$-70.2M
Q3 24
$-21.9M
Q2 24
$-30.8M
Q1 24
$-77.8M
FCF Margin
STOK
STOK
UP
UP
Q4 25
-31.7%
Q3 25
-32.6%
Q2 25
-41.5%
Q1 25
83.0%
-35.3%
Q4 24
-102.7%
-34.3%
Q3 24
-11.3%
Q2 24
-15.7%
Q1 24
-39.5%
Capex Intensity
STOK
STOK
UP
UP
Q4 25
21.7%
Q3 25
12.5%
Q2 25
8.3%
Q1 25
0.1%
8.3%
Q4 24
0.2%
52.8%
Q3 24
2.6%
Q2 24
2.9%
Q1 24
2.0%
Cash Conversion
STOK
STOK
UP
UP
Q4 25
Q3 25
Q2 25
Q1 25
1.17×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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