SequelSEC

Clear Secure, Inc. YOU

Services-Prepackaged Software · CIK 0001856314 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$900.78M
Fiscal year ended 2025-12-31
Operating income
$186.48M
Fiscal year ended 2025-12-31
Free cash flow
$343.11M
Fiscal year ended 2025-12-31

Clear Secure, Inc. (YOU) reported revenue of $900.78M and net income of $109.17M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Clear Secure, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.

Income

Clear Secure, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$900.78M$770.49M$613.58M$437.43M$253.95M$230.80M$192.28M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$186.48M$123.19M$20.14M-$129.06M-$114.93M-$18.93M-$56.16M
Net income$109.17M$169.68M$28.11M-$65.57M-$36.08MUnavailableUnavailable
Research & development$72.38M$73.35M$74.44M$66.80M$47.49M$32.04M$21.22M
Weighted-average diluted sharesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Pretax income$206.07M$66.63M$50.61M-$117.50M-$114.94M-$9.29M-$54.22M
Income tax expense$37.92M-$158.65M$724.00K-$2.06M$233.00K$16.00K$0
Diluted EPSUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling, general & administrative$286.83M$266.32M$265.88M$319.85M$204.10M$134.55M$127.59M
General & administrative$232.38M$217.51M$222.36M$278.17M$168.90M$118.17M$91.58M
Selling & marketing$54.45M$48.81M$43.52M$41.68M$35.20M$16.38M$36.01M

Balance

Clear Secure, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$85.73M$66.89M$57.90M$38.94M$280.11M$116.23MUnavailable
Total assets$1.30B$1.19B$1.05B$1.04B$812.75M$232.27MUnavailable
Current assets$764.61M$662.22M$770.03M$741.60M$653.08M$171.64MUnavailable
Total liabilities$1.10B$956.99M$675.78M$526.60M$273.28M$149.91MUnavailable
Current liabilities$759.90M$643.05M$552.05M$397.47M$264.59M$146.10MUnavailable
Total equity incl. NCI$204.38M$237.94M$369.22M$510.92M$539.47M-$486.90MUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailable$0$569.25MUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$1.92M$511.00K$526.00K$1.17M$5.33M$912.00KUnavailable
Goodwill$62.68M$62.76M$62.76M$58.81M$59.79M$0Unavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$7.16M$18.02M$11.78M$7.95M$8.81M$8.52MUnavailable

Cash flow

Clear Secure, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$372.45M$295.68M$225.03M$168.31M$69.71M-$12.34M$16.57M
Capital expenditures$29.34M$12.01M$25.56M$31.36M$28.15M$16.50M$14.68M
Investing cash flow-$97.10M$113.78M-$15.51M-$359.59M-$403.20M-$21.58M-$25.78M
Financing cash flow-$257.33M-$401.55M-$216.01M-$48.87M$503.40M-$63.05M$180.36M
Net change in cashUnavailableUnavailableUnavailable-$240.16M$169.91M-$96.97M$171.15M
Stock-based compensation$38.93M$35.34M$37.29M$138.50M$36.51M$3.43M$14.66M
Common dividends paid$47.84M$39.40M$14.48M$0$0UnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$34.62M$26.48M$21.65M$18.79M$12.36M$9.42M$7.32M

Derived

Clear Secure, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow$343.11M$283.67M$199.48M$136.95M$41.56M-$28.84M$1.89M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin20.7%16.0%3.3%-29.5%-45.3%-8.2%-29.2%
FCF margin38.1%36.8%32.5%31.3%16.4%-12.5%1.0%
SBC / revenue4.3%4.6%6.1%31.7%14.4%1.5%7.6%
Current ratio1.01x1.03x1.39x1.87x2.47x1.17xUnavailable
Revenue YoY growth16.9%25.6%40.3%72.2%10.0%20.0%Unavailable
Net margin12.1%22.0%4.6%-15.0%-14.2%UnavailableUnavailable
R&D / revenue8.0%9.5%12.1%15.3%18.7%13.9%11.0%
CapEx / revenue3.3%1.6%4.2%7.2%11.1%7.2%7.6%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate18.4%-238.1%1.4%UnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open YOU in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-25View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-05-08View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.