YOU · Clear Secure, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $253.00M | - | $229.19M | $219.47M | $211.37M | - | $198.42M | $186.75M | $179.05M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $19.45M | - | $18.00M | $18.23M | $19.00M | - | $17.42M | $17.41M | $20.10M | - |
| SG&A | $63.64M | - | $58.82M | $58.53M | $54.74M | - | $53.92M | $55.37M | $52.89M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $6.83M | - | $7.42M | $6.77M | $6.53M | - | $6.97M | $6.44M | $6.09M | - |
| Operating Income | $62.00M | - | $52.61M | $42.56M | $37.40M | - | $35.09M | $30.34M | $23.69M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $14.36M | - | $15.73M | $6.43M | $5.42M | - | $4.75M | $409.0K | $1.97M | - |
| Net Income | $38.80M | - | $28.28M | $24.72M | $25.41M | - | $23.46M | $24.12M | $18.81M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $170.68M | $85.73M | $75.77M | $89.31M | $87.56M | $66.89M | $32.88M | $39.11M | $64.13M | $57.90M |
| Accounts Receivable | $1.06M | $1.93M | $1.63M | $1.05M | $512.0K | $511.0K | $639.0K | $630.51M | $634.33M | $526.0K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $6.47M | $7.16M | $8.36M | $6.76M | $6.05M | $18.02M | $10.88M | $8.86M | $7.07M | $11.78M |
| Current Assets | $864.86M | $764.61M | $589.04M | $653.57M | $581.88M | $662.22M | $595.74M | $713.77M | $743.63M | $770.03M |
| Total Assets | $1.42B | $1.30B | $1.13B | $1.18B | $1.11B | $1.19B | $858.58M | $982.38M | $1.02B | $1.05B |
| Current Liabilities | $859.97M | $759.90M | $632.68M | $749.58M | $688.38M | $643.05M | $557.68M | $633.30M | $624.78M | $552.05M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.21B | $1.10B | $959.75M | $1.05B | $985.35M | $956.99M | $677.54M | $754.12M | $747.77M | $675.78M |
| Stockholders' Equity | $185.35M | $177.73M | $148.57M | $121.34M | $116.69M | $198.35M | $128.97M | $153.54M | $165.87M | $233.33M |
| Retained Earnings | $123.42M | $119.79M | $101.25M | $85.09M | $72.15M | $83.78M | ($7.32M) | ($30.79M) | ($54.91M) | ($73.71M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $190.36M | - | - | - | $98.35M | - | - | - | $80.35M | - |
| Investing Cash Flow | ($21.40M) | - | - | - | $93.28M | - | - | - | $26.23M | - |
| Financing Cash Flow | ($83.93M) | - | - | - | ($171.28M) | - | - | - | ($101.27M) | - |
| CapEx | $4.87M | - | - | - | $7.08M | - | - | - | $2.78M | - |
| Free Cash Flow | $185.48M | - | - | - | $91.26M | - | - | - | $77.57M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 24.5% | - | 23.0% | 19.4% | 17.7% | - | 17.7% | 16.2% | 13.2% | - |
| EBITDA margin | 27.2% | - | 26.2% | 22.5% | 20.8% | - | 21.2% | 19.7% | 16.6% | - |
| Net margin | 15.3% | - | 12.3% | 11.3% | 12.0% | - | 11.8% | 12.9% | 10.5% | - |
| Free cash flow margin | 73.3% | - | - | - | 43.2% | - | - | - | 43.3% | - |
| FCF / Net income | 4.78 | - | - | - | 3.59 | - | - | - | 4.12 | - |
| R&D / Revenue | 7.7% | - | 7.9% | 8.3% | 9.0% | - | 8.8% | 9.3% | 11.2% | - |
| SG&A / Revenue | 25.2% | - | 25.7% | 26.7% | 25.9% | - | 27.2% | 29.7% | 29.5% | - |
| Effective tax rate | 27.0% | - | 35.7% | 20.6% | 17.6% | - | 16.8% | 1.7% | 9.5% | - |
| Return on assets | 2.7% | - | 2.5% | 2.1% | 2.3% | - | 2.7% | 2.5% | 1.8% | - |
| Return on equity | 20.9% | - | 19.0% | 20.4% | 21.8% | - | 18.2% | 15.7% | 11.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.01 | 1.01 | 0.93 | 0.87 | 0.85 | 1.03 | 1.07 | 1.13 | 1.19 | 1.39 |
| Quick ratio | 1.01 | 1.01 | 0.93 | 0.87 | 0.85 | 1.03 | 1.07 | 1.13 | 1.19 | 1.39 |
| Cash ratio | 0.20 | 0.11 | 0.12 | 0.12 | 0.13 | 0.10 | 0.06 | 0.06 | 0.10 | 0.10 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 7.67 | 7.33 | 7.58 | 9.73 | 9.52 | 6.02 | 6.66 | 6.40 | 6.13 | 4.48 |
| Liabilities / Assets | 0.85 | 0.84 | 0.85 | 0.89 | 0.89 | 0.80 | 0.79 | 0.77 | 0.74 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.20 | 0.19 | 0.19 | - | 0.23 | 0.19 | 0.18 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 2d | - | 3d | 2d | 1d | - | 1d | 1232d | 1293d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 19.7% | - | 15.5% | 17.5% | 18.1% | - | 23.7% | 24.6% | 35.3% | - |
| Revenue CAGR (3y) | 24.1% | - | 25.5% | 28.8% | 61.1% | - | 43.2% | 46.0% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 65.8% | - | 49.9% | 40.3% | 57.9% | - | 82.0% | 13880.2% | - | - |
| Net income growth (YoY) | 52.7% | - | 20.5% | 2.5% | 35.1% | - | 52.9% | 501.3% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 103.2% | - | - | - | 17.6% | - | - | - | 51.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 58.8% | -10.4% | 15.2% | -21.0% | -29.6% | -15.0% | -53.3% | -42.5% | -44.1% | -19.8% |
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Clear Secure against the 5 most active filers in the same SIC group.
Dividends
$0.72/share trailing 12 months · +0.7% YoY
| Ex-date | Per share |
|---|---|
| Mar 10, 2026 | $0.3500 |
| Dec 10, 2025 | $0.1250 |
| Sep 10, 2025 | $0.1250 |
| Jun 10, 2025 | $0.1250 |
| Mar 10, 2025 | $0.3950 |
| Dec 10, 2024 | $0.1250 |
| Sep 10, 2024 | $0.1000 |
| Jun 10, 2024 | $0.1000 |
| Mar 28, 2024 | $0.3200 |
| Feb 23, 2024 | $0.0900 |
| Nov 15, 2023 | $0.6400 |
| Aug 10, 2023 | $0.0700 |
| May 17, 2023 | $0.2000 |
| Nov 25, 2022 | $0.2500 |