NYSE : YOU
Clear Secure, Inc. — Financial statements
Technology · Software - Application · United States
Last price 46.36 USD (Oct 30, 2026, 9:45 AM EDT) · Market cap 6.27B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Clear Secure, Inc. (YOU) reported revenue of 1.00B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.00B | 900.78M | 770.49M | 613.58M | 437.43M | 253.95M |
| Cost of Revenue | 333.67M | 320.46M | 283.45M | 231.47M | 161.05M | 104.94M |
| Gross Profit | 667.03M | 580.32M | 487.04M | 382.11M | 276.38M | 149.02M |
| Selling, General & Admin | 308.37M | 286.83M | 266.31M | 263.92M | 318.83M | 204.10M |
| Research & Development | 72.38M | 72.38M | 73.35M | 74.44M | 66.80M | 47.49M |
| Operating Expenses | 415.56M | 393.84M | 366.15M | 360.01M | 404.42M | 263.95M |
| Operating Income | 251.47M | 186.48M | 120.89M | 22.10M | -128.04M | -114.93M |
| Interest Expense | -349.00K | |||||
| Interest & Investment Income | 27.12M | 24.38M | 32.51M | 29.01M | 6.59M | |
| Other Non Operating Income (Expenses) | 1.27M | -72.00K | -89.07M | 1.46M | 7.03M | 4.91M |
| EBT Excluding Unusual Items | 279.86M | 210.79M | 64.33M | 52.58M | -114.43M | -110.37M |
| Merger & Restructuring Charges | -457.00K | |||||
| Gain (Loss) on Sale of Investments | -4.72M | |||||
| Asset Writedown | -1.51M | -3.07M | -4.57M | |||
| Other Unusual Items | 2.30M | |||||
| Pretax Income | 279.86M | 206.07M | 66.63M | 50.61M | -117.50M | -114.94M |
| Income Tax Expense | 59.48M | 37.92M | -158.65M | 724.00K | -2.06M | 233.00K |
| Earnings From Continuing Operations | 220.38M | 168.15M | 225.27M | 49.89M | -115.44M | -115.17M |
| Minority Interest in Earnings | -72.50M | -58.98M | -55.60M | -21.78M | 49.86M | 79.09M |
| Net Income | 147.89M | 109.17M | 169.68M | 28.11M | -65.57M | -36.08M |
| Net Income to Common | 147.89M | 109.17M | 169.68M | 28.11M | -65.57M | -36.08M |
| Shares Outstanding (Basic) | 98.67M | 95.97M | 93.90M | 90.60M | 82.12M | 76.56M |
| Shares Outstanding (Diluted) | 100.78M | 97.81M | 144.51M | 91.62M | 82.12M | 76.56M |
| EPS (Basic) | 1.50 | 1.14 | 1.81 | 0.31 | -0.80 | -0.47 |
| EPS (Diluted) | 1.47 | 1.12 | 1.56 | 0.31 | -0.80 | -0.48 |
| Free Cash Flow | 508.39M | 343.11M | 283.67M | 199.48M | 136.95M | 41.56M |
| Free Cash Flow Per Share | 5.04 | 3.51 | 1.96 | 2.18 | 1.67 | 0.54 |
| Dividend Per Share | 0.55 | 0.50 | 0.41 | 0.16 | ||
| Gross Margin | 66.66% | 64.42% | 63.21% | 62.28% | 63.18% | 58.68% |
| Operating Margin | 25.13% | 20.70% | 15.69% | 3.60% | -29.27% | -45.26% |
| Profit Margin | 14.78% | 12.12% | 22.02% | 4.58% | -14.99% | -14.21% |
| Free Cash Flow Margin | 50.80% | 38.09% | 36.82% | 32.51% | 31.31% | 16.36% |
| EBITDA | 274.53M | 208.31M | 134.25M | 35.44M | -116.93M | -107.99M |
| EBITDA Margin | 27.43% | 23.12% | 17.42% | 5.78% | -26.73% | -42.52% |
| D&A For EBITDA | 23.06M | 21.83M | 13.36M | 13.34M | 11.12M | 6.94M |
| EBIT | 251.47M | 186.48M | 120.89M | 22.10M | -128.04M | -114.93M |
| EBIT Margin | 25.13% | 20.70% | 15.69% | 3.60% | -29.27% | -45.26% |
| Effective Tax Rate | 21.25% | 18.40% | 1.43% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 128.23M | 85.73M | 66.89M | 57.90M | 38.94M | 280.11M |
| Short-Term Investments | 831.04M | 614.44M | 542.61M | 665.20M | 665.81M | 335.23M |
| Cash & Short-Term Investments | 959.27M | 700.17M | 609.50M | 723.10M | 704.75M | 615.34M |
| Receivables | 1.26M | 1.93M | 511.00K | 526.00K | 1.17M | 5.33M |
| Prepaid Expenses | 655.00K | 2.53M | 2.44M | 1.95M | 2.61M | 2.85M |
| Other Current Assets | 62.35M | 59.98M | 49.77M | 44.47M | 33.07M | 29.57M |
| Total Current Assets | 1.02B | 764.61M | 662.22M | 770.03M | 741.60M | 653.08M |
| Property, Plant & Equipment | 159.93M | 159.38M | 165.75M | 178.49M | 181.80M | 44.52M |
| Long-Term Investments | 2.79M | 2.79M | 7.00M | 6.46M | 459.00K | 459.00K |
| Goodwill | 62.68M | 62.68M | 62.76M | 62.76M | 58.81M | 59.79M |
| Other Intangible Assets | 2.53M | 2.75M | 15.30M | 20.82M | 22.29M | 22.93M |
| Long-Term Deferred Tax Assets | 320.06M | 305.13M | 274.68M | |||
| Long-Term Deferred Charges | 198.00K | 70.00K | 376.00K | |||
| Other Long-Term Assets | 6.81M | 6.04M | 7.22M | 6.25M | 32.48M | 31.59M |
| Total Assets | 1.58B | 1.30B | 1.19B | 1.05B | 1.04B | 812.75M |
| Accounts Payable | 6.17M | 7.16M | 18.02M | 11.78M | 7.95M | 8.81M |
| Accrued Expenses | 71.48M | 52.70M | 55.13M | 62.00M | 29.91M | 33.78M |
| Current Portion of Leases | 5.98M | 5.51M | 6.16M | 5.73M | 4.96M | |
| Current Unearned Revenue | 572.99M | 516.20M | 439.75M | 376.25M | 283.45M | 188.56M |
| Other Current Liabilities | 327.22M | 178.32M | 123.99M | 96.28M | 71.19M | 33.44M |
| Total Current Liabilities | 983.86M | 759.90M | 643.05M | 552.05M | 397.47M | 264.59M |
| Long-Term Leases | 103.78M | 106.81M | 115.10M | 121.66M | 125.15M | |
| Long-Term Deferred Tax Liabilities | 948.00K | 1.71M | 2.44M | 3.79M | ||
| Other Long-Term Liabilities | 247.53M | 232.30M | 197.89M | 370.00K | 1.54M | 4.90M |
| Total Liabilities | 1.34B | 1.10B | 956.99M | 675.78M | 526.60M | 273.28M |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 48.65M | 57.10M | 114.23M | 304.99M | 394.39M | 313.85M |
| Retained Earnings | 158.35M | 119.79M | 83.78M | -73.71M | -101.80M | -36.13M |
| Comprehensive Income & Other | -753.00K | 840.00K | 343.00K | 2.05M | -1.53M | -103.00K |
| Total Common Equity | 206.24M | 177.73M | 198.35M | 233.33M | 291.06M | 277.61M |
| Minority Interest | 36.92M | 26.65M | 39.59M | 135.90M | 219.86M | 261.86M |
| Shareholders' Equity | 243.16M | 204.38M | 237.94M | 369.22M | 510.92M | 539.47M |
| Total Liabilities & Equity | 1.58B | 1.30B | 1.19B | 1.05B | 1.04B | 812.75M |
| Total Debt | 109.77M | 112.32M | 121.25M | 127.38M | 130.11M | |
| Net Cash (Debt) | 849.50M | 587.85M | 488.24M | 595.72M | 574.64M | 615.34M |
| Net Cash Per Share | 8.43 | 6.01 | 3.38 | 6.50 | 7.00 | 8.04 |
| Filing Date Shares Outstanding | 102.91M | 99.30M | 96.78M | 94.22M | 91.11M | 79.61M |
| Total Common Shares Outstanding | 102.09M | 98.34M | 97.47M | 92.69M | 88.67M | 77.44M |
| Working Capital | 39.68M | 4.71M | 19.16M | 217.99M | 344.13M | 388.49M |
| Book Value Per Share | 2.02 | 1.81 | 2.03 | 2.52 | 3.28 | 3.59 |
| Tangible Book Value | 141.03M | 112.30M | 120.30M | 149.75M | 209.97M | 194.89M |
| Tangible Book Value Per Share | 1.38 | 1.14 | 1.23 | 1.62 | 2.37 | 2.52 |
| Machinery | 94.75M | 78.29M | 56.41M | 46.33M | 31.26M | 28.60M |
| Construction In Progress | 4.85M | 7.40M | 8.76M | 8.67M | 14.10M | 2.24M |
| Leasehold Improvements | 8.12M | 8.12M | 8.12M | 9.11M | 7.73M | 7.67M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 147.89M | 109.17M | 169.68M | 28.11M | -65.57M | -36.08M |
| Depreciation & Amortization | 23.06M | 21.83M | 13.36M | 13.34M | 11.12M | 6.94M |
| Other Amortization | 11.88M | 12.93M | 13.32M | 8.65M | 8.12M | 5.77M |
| Loss (Gain) From Sale of Assets | -635.00K | |||||
| Asset Writedown & Restructuring Costs | 362.00K | 362.00K | 723.00K | 4.97M | 3.07M | 4.57M |
| Loss (Gain) From Sale of Investments | -2.04M | 3.46M | -7.32M | -13.80M | -2.96M | 675.00K |
| Stock-Based Compensation | 43.24M | 38.93M | 35.34M | 37.29M | 138.50M | 36.51M |
| Other Operating Activities | 120.50M | 89.67M | -103.57M | 27.53M | -48.56M | -66.29M |
| Change in Accounts Receivable | -210.00K | -1.58M | 15.00K | 643.00K | 4.16M | -4.21M |
| Change in Accounts Payable | -199.00K | -6.37M | 2.20M | 4.53M | -752.00K | 1.45M |
| Change in Unearned Revenue | 134.07M | 76.45M | 63.50M | 92.80M | 94.89M | 87.02M |
| Change in Other Net Operating Assets | 64.10M | 28.23M | 108.43M | 20.98M | 26.31M | 33.35M |
| Operating Cash Flow | 542.64M | 372.45M | 295.68M | 225.03M | 168.31M | 69.71M |
| Capital Expenditures | -34.25M | -29.34M | -12.01M | -25.55M | -31.36M | -28.15M |
| Cash Acquisitions | -3.75M | -75.83M | ||||
| Divestitures | 2.70M | |||||
| Sale (Purchase) of Intangibles | -318.00K | -580.00K | -545.00K | -822.00K | ||
| Investment in Securities | -314.95M | -70.46M | 126.10M | 14.38M | -327.69M | -298.39M |
| Investing Cash Flow | -349.20M | -97.10M | 113.78M | -15.51M | -359.59M | -403.20M |
| Issuance of Common Stock | 519.69M | |||||
| Repurchase of Common Stock | -29.25M | -139.00M | -281.95M | -76.49M | -10.31M | -11.74M |
| Common Dividends Paid | -54.55M | -47.84M | -39.40M | -14.48M | ||
| Other Financing Activities | -50.66M | -45.17M | -51.36M | -57.00M | -16.72M | -4.54M |
| Financing Cash Flow | -154.58M | -257.33M | -401.55M | -216.01M | -48.87M | 503.40M |
| Foreign Exchange Rate Adjustments | 136.00K | 127.00K | 40.00K | -1.00K | -85.00K | 133.00K |
| Net Cash Flow | 39.00M | 18.15M | 7.95M | -6.48M | -240.24M | 170.04M |
| Free Cash Flow | 508.39M | 343.11M | 283.67M | 199.48M | 136.95M | 41.56M |
| Free Cash Flow Margin | 50.80% | 38.09% | 36.82% | 32.51% | 31.31% | 16.36% |
| Free Cash Flow Per Share | 5.04 | 3.51 | 1.96 | 2.18 | 1.67 | 0.54 |
| Levered Free Cash Flow | 418.44M | 266.67M | 210.04M | 190.69M | 174.61M | 46.55M |
| Unlevered Free Cash Flow | 418.31M | 266.53M | 209.84M | 190.35M | 174.17M | 46.41M |
| Cash Income Tax Paid | 10.24M | 10.24M | 7.49M | 1.63M | ||
| Change in Working Capital | 197.76M | 96.73M | 174.14M | 118.95M | 124.61M | 117.61M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.22B | 3.43B | 2.53B | 1.88B | 2.37B | 2.36B |
| Enterprise Value | 5.37B | 3.03B | 2.16B | 1.45B | 1.96B | 1.96B |
| Last Close Price | 45.99 | 34.60 | 25.57 | 19.16 | 24.38 | 27.66 |
| PE Ratio | 31.28 | 31.42 | 14.90 | 66.77 | ||
| Forward PE | 20.24 | 18.66 | 20.66 | 32.02 | 123.17 | |
| PS Ratio | 6.22 | 3.81 | 3.28 | 3.06 | 5.43 | 9.30 |
| PB Ratio | 22.77 | 16.78 | 10.62 | 5.08 | 4.65 | 4.38 |
| P/TBV Ratio | 44.12 | 30.55 | 21.01 | 12.53 | 11.31 | 12.12 |
| P/FCF Ratio | 12.24 | 10.00 | 8.91 | 9.41 | 17.34 | 56.85 |
| P/OCF Ratio | 11.47 | 9.21 | 8.55 | 8.34 | 14.11 | 33.89 |
| PEG Ratio | 0.35 | 0.83 | 1.28 | |||
| EV/Sales Ratio | 5.37 | 3.37 | 2.80 | 2.37 | 4.49 | 7.71 |
| EV/EBITDA Ratio | 19.57 | 14.55 | 16.08 | 40.95 | ||
| EV/EBIT Ratio | 21.36 | 16.25 | 17.85 | 65.66 | ||
| EV/FCF Ratio | 10.57 | 8.83 | 7.61 | 7.28 | 14.33 | 47.11 |
| Debt / Equity Ratio | 0.45 | 0.55 | 0.51 | 0.34 | 0.26 | |
| Debt / EBITDA Ratio | 0.38 | 0.51 | 0.82 | 2.55 | ||
| Debt / FCF Ratio | 0.22 | 0.33 | 0.43 | 0.64 | 0.95 | |
| Net Debt / Equity Ratio | -3.49 | -2.88 | -2.05 | -1.61 | -1.12 | -1.14 |
| Net Debt / EBITDA Ratio | -3.09 | -2.82 | -3.64 | -16.81 | 4.92 | 5.70 |
| Net Debt / FCF Ratio | -1.67 | -1.71 | -1.72 | -2.99 | -4.20 | -14.81 |
| Asset Turnover | 0.73 | 0.72 | 0.69 | 0.59 | 0.47 | 0.49 |
| Quick Ratio | 0.98 | 0.92 | 0.95 | 1.31 | 1.78 | 2.35 |
| Current Ratio | 1.04 | 1.01 | 1.03 | 1.40 | 1.87 | 2.47 |
| Return on Equity (ROE) | 119.17% | 76.03% | 74.20% | 11.34% | -21.98% | -438.15% |
| Return on Assets (ROA) | 11.40% | 9.33% | 6.75% | 1.33% | -8.65% | -13.75% |
| Return on Capital Employed (ROCE) | 42.30% | 34.30% | 21.90% | 4.50% | -20.00% | -21.00% |
| Earnings Yield | 3.20% | 3.18% | 6.71% | 1.50% | -2.76% | -1.53% |
| FCF Yield | 8.17% | 10.00% | 11.22% | 10.63% | 5.77% | 1.76% |
| Dividend Yield | 1.74% | 1.43% | 1.60% | 0.79% | ||
| Payout Ratio | 52.70% | 43.82% | 23.22% | 51.53% | ||
| Buyback Yield / Dilution | 30.92% | 32.32% | -57.73% | -11.56% | -7.27% | -1,033.89% |
| Total Shareholder Return | 32.66% | 33.75% | -56.13% | -10.77% | -7.27% | -1,033.89% |