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Side-by-side financial comparison of Wheels Up Experience Inc. (UP) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $183.8M, roughly 1.3× Wheels Up Experience Inc.). WORKIVA INC runs the higher net margin — 4.9% vs -15.7%, a 20.7% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs -10.2%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $-58.3M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs -3.4%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
UP vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.8M | $238.9M |
| Net Profit | $-28.9M | $11.8M |
| Gross Margin | 14.3% | 80.7% |
| Operating Margin | -0.9% | 3.3% |
| Net Margin | -15.7% | 4.9% |
| Revenue YoY | -10.2% | 19.5% |
| Net Profit YoY | 67.0% | 234.0% |
| EPS (diluted) | $-0.04 | $0.21 |
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 | $183.8M | $238.9M | ||
| Q3 25 | $185.5M | $224.2M | ||
| Q2 25 | $189.6M | $215.2M | ||
| Q1 25 | $177.5M | $206.3M | ||
| Q4 24 | $204.8M | $199.9M | ||
| Q3 24 | $193.9M | $185.6M | ||
| Q2 24 | $196.3M | $177.5M | ||
| Q1 24 | $197.1M | $175.7M |
| Q4 25 | $-28.9M | $11.8M | ||
| Q3 25 | $-83.7M | $2.8M | ||
| Q2 25 | $-82.3M | $-19.4M | ||
| Q1 25 | $-99.3M | $-21.4M | ||
| Q4 24 | $-87.5M | $-8.8M | ||
| Q3 24 | $-57.7M | $-17.0M | ||
| Q2 24 | $-97.0M | $-17.5M | ||
| Q1 24 | $-97.4M | $-11.7M |
| Q4 25 | 14.3% | 80.7% | ||
| Q3 25 | 6.8% | 79.3% | ||
| Q2 25 | 8.3% | 77.0% | ||
| Q1 25 | 10.8% | 76.6% | ||
| Q4 24 | 13.9% | 77.1% | ||
| Q3 24 | 13.9% | 76.5% | ||
| Q2 24 | 2.3% | 76.8% | ||
| Q1 24 | -0.6% | 76.4% |
| Q4 25 | -0.9% | 3.3% | ||
| Q3 25 | -33.1% | -1.5% | ||
| Q2 25 | -31.4% | -10.3% | ||
| Q1 25 | -45.5% | -12.0% | ||
| Q4 24 | -26.0% | -6.7% | ||
| Q3 24 | -21.6% | -11.7% | ||
| Q2 24 | -40.3% | -13.0% | ||
| Q1 24 | -42.9% | -10.4% |
| Q4 25 | -15.7% | 4.9% | ||
| Q3 25 | -45.1% | 1.2% | ||
| Q2 25 | -43.4% | -9.0% | ||
| Q1 25 | -55.9% | -10.4% | ||
| Q4 24 | -42.7% | -4.4% | ||
| Q3 24 | -29.8% | -9.2% | ||
| Q2 24 | -49.4% | -9.9% | ||
| Q1 24 | -49.4% | -6.7% |
| Q4 25 | $-0.04 | $0.21 | ||
| Q3 25 | $-0.12 | $0.05 | ||
| Q2 25 | $-0.12 | $-0.35 | ||
| Q1 25 | $-0.14 | $-0.38 | ||
| Q4 24 | $-0.13 | $-0.15 | ||
| Q3 24 | $-0.08 | $-0.31 | ||
| Q2 24 | $-0.14 | $-0.32 | ||
| Q1 24 | $-0.14 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $133.9M | $338.8M |
| Total DebtLower is stronger | $671.3M | — |
| Stockholders' EquityBook value | $-392.1M | $-5.4M |
| Total Assets | $968.8M | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $133.9M | $338.8M | ||
| Q3 25 | $125.3M | $315.9M | ||
| Q2 25 | $107.0M | $284.3M | ||
| Q1 25 | $171.8M | $242.0M | ||
| Q4 24 | $216.4M | $301.8M | ||
| Q3 24 | $115.9M | $248.2M | ||
| Q2 24 | $141.5M | $267.9M | ||
| Q1 24 | $180.9M | $296.1M |
| 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 | $-392.1M | $-5.4M | ||
| Q3 25 | $-374.5M | $-36.9M | ||
| Q2 25 | $-347.8M | $-66.5M | ||
| Q1 25 | $-288.1M | $-75.7M | ||
| Q4 24 | $-202.1M | $-41.7M | ||
| Q3 24 | $-117.7M | $-50.8M | ||
| Q2 24 | $-72.2M | $-77.7M | ||
| Q1 24 | $936.0K | $-83.2M |
| Q4 25 | $968.8M | $1.5B | ||
| Q3 25 | $973.0M | $1.4B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B | ||
| 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 | $51.0M |
| Free Cash FlowOCF − Capex | $-58.3M | $50.7M |
| FCF MarginFCF / Revenue | -31.7% | 21.2% |
| Capex IntensityCapex / Revenue | 21.7% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $-259.9M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.4M | $51.0M | ||
| Q3 25 | $-37.1M | $46.2M | ||
| Q2 25 | $-62.9M | $50.3M | ||
| Q1 25 | $-47.9M | $-7.4M | ||
| Q4 24 | $37.9M | $44.0M | ||
| Q3 24 | $-16.9M | $18.9M | ||
| Q2 24 | $-25.2M | $-14.0K | ||
| Q1 24 | $-73.8M | $24.8M |
| Q4 25 | $-58.3M | $50.7M | ||
| Q3 25 | $-60.4M | $46.1M | ||
| Q2 25 | $-78.6M | $49.3M | ||
| Q1 25 | $-62.6M | $-8.1M | ||
| Q4 24 | $-70.2M | $43.2M | ||
| Q3 24 | $-21.9M | $18.7M | ||
| Q2 24 | $-30.8M | $-122.0K | ||
| Q1 24 | $-77.8M | $24.6M |
| Q4 25 | -31.7% | 21.2% | ||
| Q3 25 | -32.6% | 20.5% | ||
| Q2 25 | -41.5% | 22.9% | ||
| Q1 25 | -35.3% | -3.9% | ||
| Q4 24 | -34.3% | 21.6% | ||
| Q3 24 | -11.3% | 10.1% | ||
| Q2 24 | -15.7% | -0.1% | ||
| Q1 24 | -39.5% | 14.0% |
| Q4 25 | 21.7% | 0.1% | ||
| Q3 25 | 12.5% | 0.0% | ||
| Q2 25 | 8.3% | 0.5% | ||
| Q1 25 | 8.3% | 0.4% | ||
| Q4 24 | 52.8% | 0.4% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 2.9% | 0.1% | ||
| Q1 24 | 2.0% | 0.1% |
| Q4 25 | — | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | — | — | ||
| 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
UP
Segment breakdown not available.
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
