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Side-by-side financial comparison of Wheels Up Experience Inc. (UP) and ZIPRECRUITER, INC. (ZIP). 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 $111.7M, roughly 1.6× ZIPRECRUITER, INC.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -15.7%, a 15.0% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -10.2%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M vs $-58.3M). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% CAGR vs -4.4%).

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.

UP vs ZIP — Head-to-Head

Bigger by revenue
UP
UP
1.6× larger
UP
$183.8M
$111.7M
ZIP
Growing faster (revenue YoY)
ZIP
ZIP
+10.8% gap
ZIP
0.6%
-10.2%
UP
Higher net margin
ZIP
ZIP
15.0% more per $
ZIP
-0.7%
-15.7%
UP
More free cash flow
ZIP
ZIP
$65.9M more FCF
ZIP
$7.6M
$-58.3M
UP
Faster 2-yr revenue CAGR
UP
UP
Annualised
UP
-3.4%
-4.4%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
UP
UP
ZIP
ZIP
Revenue
$183.8M
$111.7M
Net Profit
$-28.9M
$-835.0K
Gross Margin
14.3%
89.1%
Operating Margin
-0.9%
3.6%
Net Margin
-15.7%
-0.7%
Revenue YoY
-10.2%
0.6%
Net Profit YoY
67.0%
92.3%
EPS (diluted)
$-0.04
$-0.03

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
UP
UP
ZIP
ZIP
Q4 25
$183.8M
$111.7M
Q3 25
$185.5M
$115.0M
Q2 25
$189.6M
$112.2M
Q1 25
$177.5M
$110.1M
Q4 24
$204.8M
$111.0M
Q3 24
$193.9M
$117.1M
Q2 24
$196.3M
$123.7M
Q1 24
$197.1M
$122.2M
Net Profit
UP
UP
ZIP
ZIP
Q4 25
$-28.9M
$-835.0K
Q3 25
$-83.7M
$-9.8M
Q2 25
$-82.3M
$-9.5M
Q1 25
$-99.3M
$-12.8M
Q4 24
$-87.5M
$-10.8M
Q3 24
$-57.7M
$-2.6M
Q2 24
$-97.0M
$7.0M
Q1 24
$-97.4M
$-6.5M
Gross Margin
UP
UP
ZIP
ZIP
Q4 25
14.3%
89.1%
Q3 25
6.8%
89.1%
Q2 25
8.3%
89.3%
Q1 25
10.8%
89.4%
Q4 24
13.9%
89.6%
Q3 24
13.9%
89.4%
Q2 24
2.3%
89.5%
Q1 24
-0.6%
89.1%
Operating Margin
UP
UP
ZIP
ZIP
Q4 25
-0.9%
3.6%
Q3 25
-33.1%
-4.4%
Q2 25
-31.4%
-5.9%
Q1 25
-45.5%
-10.6%
Q4 24
-26.0%
-3.6%
Q3 24
-21.6%
-2.8%
Q2 24
-40.3%
7.6%
Q1 24
-42.9%
-0.7%
Net Margin
UP
UP
ZIP
ZIP
Q4 25
-15.7%
-0.7%
Q3 25
-45.1%
-8.5%
Q2 25
-43.4%
-8.5%
Q1 25
-55.9%
-11.7%
Q4 24
-42.7%
-9.7%
Q3 24
-29.8%
-2.2%
Q2 24
-49.4%
5.7%
Q1 24
-49.4%
-5.3%
EPS (diluted)
UP
UP
ZIP
ZIP
Q4 25
$-0.04
$-0.03
Q3 25
$-0.12
$-0.11
Q2 25
$-0.12
$-0.10
Q1 25
$-0.14
$-0.13
Q4 24
$-0.13
$-0.10
Q3 24
$-0.08
$-0.03
Q2 24
$-0.14
$0.07
Q1 24
$-0.14
$-0.07

Balance Sheet & Financial Strength

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

Metric
UP
UP
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$133.9M
$188.0M
Total DebtLower is stronger
$671.3M
Stockholders' EquityBook value
$-392.1M
$-77.2M
Total Assets
$968.8M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UP
UP
ZIP
ZIP
Q4 25
$133.9M
$188.0M
Q3 25
$125.3M
$211.8M
Q2 25
$107.0M
$203.5M
Q1 25
$171.8M
$221.1M
Q4 24
$216.4M
$218.4M
Q3 24
$115.9M
$225.6M
Q2 24
$141.5M
$271.7M
Q1 24
$180.9M
$282.5M
Total Debt
UP
UP
ZIP
ZIP
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
UP
UP
ZIP
ZIP
Q4 25
$-392.1M
$-77.2M
Q3 25
$-374.5M
$-76.1M
Q2 25
$-347.8M
$-65.9M
Q1 25
$-288.1M
$-11.3M
Q4 24
$-202.1M
$13.4M
Q3 24
$-117.7M
$13.6M
Q2 24
$-72.2M
$24.4M
Q1 24
$936.0K
$12.7M
Total Assets
UP
UP
ZIP
ZIP
Q4 25
$968.8M
$569.7M
Q3 25
$973.0M
$573.6M
Q2 25
$1.0B
$592.4M
Q1 25
$1.1B
$629.4M
Q4 24
$1.2B
$664.1M
Q3 24
$1.0B
$652.0M
Q2 24
$1.1B
$665.3M
Q1 24
$1.2B
$662.4M
Debt / Equity
UP
UP
ZIP
ZIP
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
UP
UP
ZIP
ZIP
Operating Cash FlowLast quarter
$-18.4M
$7.7M
Free Cash FlowOCF − Capex
$-58.3M
$7.6M
FCF MarginFCF / Revenue
-31.7%
6.8%
Capex IntensityCapex / Revenue
21.7%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-259.9M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UP
UP
ZIP
ZIP
Q4 25
$-18.4M
$7.7M
Q3 25
$-37.1M
$2.6M
Q2 25
$-62.9M
$10.5M
Q1 25
$-47.9M
$-9.9M
Q4 24
$37.9M
$12.5M
Q3 24
$-16.9M
$9.3M
Q2 24
$-25.2M
$21.9M
Q1 24
$-73.8M
$2.0M
Free Cash Flow
UP
UP
ZIP
ZIP
Q4 25
$-58.3M
$7.6M
Q3 25
$-60.4M
$2.2M
Q2 25
$-78.6M
$10.2M
Q1 25
$-62.6M
$-10.2M
Q4 24
$-70.2M
$12.0M
Q3 24
$-21.9M
$9.2M
Q2 24
$-30.8M
$21.7M
Q1 24
$-77.8M
$1.9M
FCF Margin
UP
UP
ZIP
ZIP
Q4 25
-31.7%
6.8%
Q3 25
-32.6%
1.9%
Q2 25
-41.5%
9.1%
Q1 25
-35.3%
-9.3%
Q4 24
-34.3%
10.8%
Q3 24
-11.3%
7.8%
Q2 24
-15.7%
17.6%
Q1 24
-39.5%
1.6%
Capex Intensity
UP
UP
ZIP
ZIP
Q4 25
21.7%
0.1%
Q3 25
12.5%
0.3%
Q2 25
8.3%
0.3%
Q1 25
8.3%
0.3%
Q4 24
52.8%
0.4%
Q3 24
2.6%
0.2%
Q2 24
2.9%
0.1%
Q1 24
2.0%
0.1%
Cash Conversion
UP
UP
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

UP
UP

Segment breakdown not available.

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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