8-K Announcements
6May 6, 2026·SEC
Mar 19, 2026·SEC
Feb 25, 2026·SEC
Clear Secure, Inc. (YOU) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Clear Secure, Inc. (YOU) stock price & volume — 10-year historical chart
Clear Secure, Inc. (YOU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Clear Secure, Inc. (YOU) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.39vs $0.35+11.4% | $253Mvs $244M+3.5% |
| Q1 2026 | Feb 25, 2026 | $0.31vs $0.31+0.0% | $241Mvs $236M+2.1% |
| Q4 2025 | Nov 6, 2025 | $0.29vs $0.27+7.4% | $229Mvs $236M-2.7% |
| Q3 2025 | Aug 5, 2025 | $0.26vs $0.23+13.0% | $219Mvs $224M-2.2% |
Clear Secure, Inc. (YOU) competitors in Emerging tech platforms (AI, blockchain, identity) — business model, growth, and fundamentals comparison
Clear Secure, Inc. (YOU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Clear Secure, Inc. (YOU) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 192.28M | 230.8M | 253.95M | 437.43M | 613.58M | 770.49M | 900.78M | 942.41M |
| Revenue Growth % | - | 20.03% | 10.03% | 72.25% | 40.27% | 25.57% | 16.91% | 17.39% |
| Cost of Goods Sold | 92.32M | 73.72M | 104.94M | 161.05M | 231.47M | 281.15M | 127.85M | 84.42M |
| COGS % of Revenue | 48.01% | 31.94% | 41.32% | 36.82% | 37.72% | 36.49% | 14.19% | - |
| Gross Profit | 99.97M▲ 0% | 157.08M▲ 57.1% | 149.02M▼ 5.1% | 276.38M▲ 85.5% | 382.11M▲ 38.3% | 489.34M▲ 28.1% | 772.93M▲ 58.0% | 858M▲ 0% |
| Gross Margin % | 51.99% | 68.06% | 58.68% | 63.18% | 62.28% | 63.51% | 85.81% | 91.04% |
| Gross Profit Growth % | - | 57.13% | -5.13% | 85.47% | 38.26% | 28.06% | 57.95% | - |
| Operating Expenses | 156.13M | 176.01M | 263.95M | 405.44M | 361.97M | 366.15M | 586.45M | 591.84M |
| OpEx % of Revenue | 81.2% | 76.26% | 103.94% | 92.69% | 58.99% | 47.52% | 65.11% | - |
| Selling, General & Admin | 127.59M | 134.55M | 204.1M | 319.85M | 265.88M | 266.31M | 286.83M | 298.3M |
| SG&A % of Revenue | 66.36% | 58.3% | 80.37% | 73.12% | 43.33% | 34.56% | 31.84% | - |
| Research & Development | 21.22M | 32.04M | 47.49M | 66.8M | 74.44M | 73.35M | 72.38M | 76.24M |
| R&D % of Revenue | 11.04% | 13.88% | 18.7% | 15.27% | 12.13% | 9.52% | 8.04% | - |
| Other Operating Expenses | 7.32M | 9.42M | 12.36M | 18.79M | 21.65M | 26.48M | 227.24M | 3M |
| Operating Income | -56.16M▲ 0% | -18.93M▲ 66.3% | -114.93M▼ 507.2% | -129.06M▼ 12.3% | 20.14M▲ 115.6% | 123.19M▲ 511.7% | 186.48M▲ 51.4% | 211.07M▲ 0% |
| Operating Margin % | -29.21% | -8.2% | -45.26% | -29.5% | 3.28% | 15.99% | 20.7% | 22.4% |
| Operating Income Growth % | - | 66.3% | -507.18% | -12.29% | 115.6% | 511.73% | 51.37% | - |
| EBITDA | -48.85M | -9.51M | -102.58M | -110.27M | 41.79M | 149.67M | 221.1M | 246M |
| EBITDA Margin % | -25.4% | -4.12% | -40.39% | -25.21% | 6.81% | 19.43% | 24.55% | 26.1% |
| EBITDA Growth % | - | 80.54% | -979.06% | -7.5% | 137.89% | 258.18% | 47.73% | 50.16% |
| D&A (Non-Cash Add-back) | 7.32M | 9.42M | 12.36M | 18.79M | 21.65M | 26.48M | 34.62M | 34.92M |
| EBIT | -56.16M | -18.93M | -114.93M | -129.06M | 20.14M | 123.19M | 206.07M | 160.31M |
| Net Interest Income | 1.94M | 612K | -349K | 6.59M | 29.01M | 32.51M | 24.38M | 30.54M |
| Interest Income | 1.94M | 612K | 0 | 6.59M | 29.01M | 32.51M | 24.38M | 30.54M |
| Interest Expense | 0 | 0 | 349K | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.94M | 9.63M | -5K | 11.57M | 30.47M | -56.56M | 19.59M | 21.73M |
| Pretax Income | -54.22M▲ 0% | -9.29M▲ 82.9% | -114.94M▼ 1136.7% | -117.5M▼ 2.2% | 50.61M▲ 143.1% | 66.63M▲ 31.6% | 206.07M▲ 209.3% | 232.81M▲ 0% |
| Pretax Margin % | -28.2% | -4.03% | -45.26% | -26.86% | 8.25% | 8.65% | 22.88% | 24.7% |
| Income Tax | 0 | 16K | 233K | -2.06M | 724K | -158.65M | 37.92M | 18.14M |
| Effective Tax Rate % | 0% | -0.17% | -0.2% | 1.75% | 1.43% | -238.11% | 18.4% | 7.79% |
| Net Income | -54.22M▲ 0% | -9.31M▲ 82.8% | -36.08M▼ 287.6% | -65.57M▼ 81.7% | 28.11M▲ 142.9% | 169.68M▲ 503.7% | 109.17M▼ 35.7% | 168.87M▲ 0% |
| Net Margin % | -28.2% | -4.03% | -14.21% | -14.99% | 4.58% | 22.02% | 12.12% | 17.92% |
| Net Income Growth % | - | 82.83% | -287.56% | -81.73% | 142.87% | 503.66% | -35.66% | -4.2% |
| Net Income (Continuing) | -54.22M | -9.31M | -115.17M | -115.44M | 49.89M | 225.27M | 168.15M | 214.67M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 261.86M | 219.86M | 135.9M | 39.59M | 26.65M | 28.29M |
| EPS (Diluted) | -0.71▲ 0% | -0.14▲ 80.3% | -1.49▼ 964.3% | -1.41▲ 5.4% | 0.31▲ 122.0% | 1.56▲ 403.2% | 1.12▼ 28.2% | 1.67▲ 0% |
| EPS Growth % | - | 80.28% | -964.29% | 5.37% | 121.99% | 403.23% | -28.21% | -24.39% |
| EPS (Basic) | -0.36 | -0.14 | -1.49 | -1.41 | 0.31 | 1.81 | 1.14 | - |
| Diluted Shares Outstanding | 73.48M | 65.43M | 77.44M | 82.12M | 91.62M | 144.51M | 97.27M | 101.05M |
| Basic Shares Outstanding | 146.77M | 65.43M | 77.44M | 82.12M | 90.6M | 93.89M | 95.44M | 99.21M |
| Dividend Payout Ratio | - | - | - | - | 445.41% | 55.03% | 84.17% | - |
Clear Secure, Inc. (YOU) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 261.54M | 171.64M | 653.08M | 741.6M | 770.03M | 662.22M | 764.61M | 864.86M |
| Cash & Short-Term Investments | 247.27M | 154.04M | 615.34M | 704.75M | 723.1M | 609.5M | 700.17M | 800.08M |
| Cash Only | 213.88M | 116.23M | 280.11M | 38.94M | 57.9M | 66.89M | 85.73M | 170.68M |
| Short-Term Investments | 33.38M | 37.81M | 335.23M | 665.81M | 665.2M | 542.61M | 614.44M | 629.4M |
| Accounts Receivable | 1.11M | 912K | 5.33M | 1.17M | 526K | 511K | 1.93M | 1.06M |
| Days Sales Outstanding | 2.11 | 1.44 | 7.66 | 0.98 | 0.31 | 0.24 | 0.78 | 0.55 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 2.96M | 2.9M | 12.91M | 5.12M | 8.76M | 13.11M | 62.52M | 63.72M |
| Total Non-Current Assets | 57.33M | 60.63M | 159.67M | 295.92M | 274.98M | 532.71M | 538.78M | 557.33M |
| Property, Plant & Equipment | 26.93M | 35.24M | 44.52M | 181.8M | 178.49M | 165.75M | 159.38M | 156.66M |
| Fixed Asset Turnover | 7.14x | 6.55x | 5.70x | 2.41x | 3.44x | 4.65x | 5.65x | 5.99x |
| Goodwill | 0 | 0 | 59.79M | 58.81M | 62.76M | 62.76M | 62.68M | 62.68M |
| Intangible Assets | 1.16M | 1.56M | 22.93M | 22.29M | 20.82M | 15.3M | 2.75M | 2.64M |
| Long-Term Investments | 459K | 459K | 459K | 459K | 6.46M | 7M | 0 | 2.79M |
| Other Non-Current Assets | 28.78M | 23.37M | 31.97M | 32.55M | 6.45M | 7.22M | 313.96M | 962.23M |
| Total Assets | 318.87M▲ 0% | 232.27M▼ 27.2% | 812.75M▲ 249.9% | 1.04B▲ 27.7% | 1.05B▲ 0.7% | 1.19B▲ 14.3% | 1.3B▲ 9.1% | 1.42B▲ 0% |
| Asset Turnover | 0.60x | 0.99x | 0.31x | 0.42x | 0.59x | 0.64x | 0.69x | 0.75x |
| Asset Growth % | - | -27.16% | 249.92% | 27.66% | 0.72% | 14.35% | 9.08% | 88.29% |
| Total Current Liabilities | 163.62M | 146.1M | 264.59M | 397.47M | 552.05M | 643.05M | 759.9M | 859.97M |
| Accounts Payable | 7.13M | 8.52M | 8.81M | 7.95M | 11.78M | 18.02M | 7.16M | 6.47M |
| Days Payables Outstanding | 28.21 | 42.18 | 30.64 | 18.02 | 18.58 | 23.39 | 20.43 | 31.07 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 121.34M | 101.54M | 188.56M | 283.45M | 376.25M | 439.75M | 516.2M | 1.98B |
| Other Current Liabilities | 24.53M | 27.37M | 18.13M | 17.36M | 139.6M | 18.5M | 236.54M | 305.07M |
| Current Ratio | 1.60x | 1.17x | 2.47x | 1.87x | 1.39x | 1.03x | 1.01x | 1.01x |
| Quick Ratio | 1.60x | 1.17x | 2.47x | 1.87x | 1.39x | 1.03x | 1.01x | 1.01x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | -30.52 |
| Total Non-Current Liabilities | 3.35M | 3.81M | 8.69M | 129.12M | 123.74M | 313.94M | 339.11M | 348.58M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 125.15M | 121.66M | 115.1M | 0 | 109.53M |
| Deferred Tax Liabilities | 0 | 0 | 3.79M | 2.44M | 1.71M | 948K | 0 | 357K |
| Other Non-Current Liabilities | 3.35M | 3.81M | 4.9M | 1.54M | 370K | 197.89M | 339.11M | 1.21B |
| Total Liabilities | 166.97M | 149.91M | 273.28M | 526.6M | 675.78M | 956.99M | 1.1B | 1.21B |
| Total Debt | 0 | 0 | 0 | 130.11M | 127.38M | 121.25M | 0 | 0 |
| Net Debt | -213.88M | -116.23M | -280.11M | 91.17M | 69.48M | 54.36M | -85.73M | -170.68M |
| Debt / Equity | - | - | - | 0.25x | 0.34x | 0.51x | - | 0.00x |
| Debt / EBITDA | - | - | - | - | 3.05x | 0.81x | - | 0.00x |
| Net Debt / EBITDA | - | - | - | - | 1.66x | 0.36x | -0.39x | -0.39x |
| Interest Coverage | - | - | -329.32x | - | - | - | - | - |
| Total Equity | 151.9M▲ 0% | 82.36M▼ 45.8% | 539.47M▲ 555.1% | 510.92M▼ 5.3% | 369.22M▼ 27.7% | 237.94M▼ 35.6% | 204.38M▼ 14.1% | 213.63M▲ 0% |
| Equity Growth % | - | -45.78% | 555.05% | -5.29% | -27.73% | -35.56% | -14.1% | 2.66% |
| Book Value per Share | 2.07 | 1.26 | 6.97 | 6.22 | 4.03 | 1.65 | 2.10 | 2.11 |
| Total Shareholders' Equity | 151.9M | 82.36M | 277.61M | 291.06M | 233.33M | 198.35M | 177.73M | 185.35M |
| Common Stock | 435.23M | 569.25M | 1K | 1K | 1K | 1K | 1K | 1K |
| Retained Earnings | -291.35M | -494.77M | -36.13M | -101.8M | -73.71M | 83.78M | 119.79M | 123.42M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3K | 27K | -103K | -1.53M | 2.05M | 343K | 840K | -315K |
| Minority Interest | 0 | 0 | 261.86M | 219.86M | 135.9M | 39.59M | 26.65M | 28.29M |
Clear Secure, Inc. (YOU) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 16.57M | -12.34M | 69.71M | 168.31M | 225.03M | 295.68M | 372.45M | 372.45M |
| Operating CF Margin % | 8.62% | -5.35% | 27.45% | 38.48% | 36.68% | 38.38% | 41.35% | - |
| Operating CF Growth % | - | -174.44% | 664.98% | 141.45% | 33.7% | 31.39% | 25.97% | 114.26% |
| Net Income | -54.22M | -9.31M | -115.17M | -115.44M | 49.89M | 225.27M | 243.99M | 168.87M |
| Depreciation & Amortization | 7.32M | 9.42M | 12.36M | 18.79M | 21.65M | 26.48M | 34.62M | 34.95M |
| Stock-Based Compensation | 14.66M | 3.43M | 36.51M | 138.5M | 37.29M | 35.34M | 38.93M | 42.45M |
| Deferred Taxes | 0 | 0 | 0 | -2.47M | -722K | -165.77M | 24.38M | 14.55M |
| Other Non-Cash Items | 3.49M | 1.13M | 18.4M | 4.32M | -2.02M | 213K | -66.21M | 153.89M |
| Working Capital Changes | 45.33M | -17M | 117.61M | 124.61M | 118.95M | 174.14M | 96.73M | 20.82M |
| Change in Receivables | -401K | 201K | -4.21M | 4.16M | 643K | 15K | -1.58M | -716K |
| Change in Inventory | 0 | 1.73M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -2.23M | 404K | 1.45M | -752K | 4.53M | 2.2M | -6.37M | -1.13M |
| Cash from Investing | -25.78M | -21.58M | -403.2M | -359.59M | -15.51M | 113.78M | -97.1M | -211.79M |
| Capital Expenditures | -14.68M | -16.93M | -28.15M | -31.91M | -25.55M | -12.01M | -29.34M | -27.13M |
| CapEx % of Revenue | 7.64% | 7.33% | 11.08% | 7.29% | 4.16% | 1.56% | 3.26% | - |
| Acquisitions | 0 | -424K | -75.83M | 545K | -3.75M | 0 | 0 | 2.7M |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -502K | 174K | -822K | -545K | -580K | -318K | 2.7M | 62.55M |
| Cash from Financing | 180.36M | -63.05M | 503.4M | -48.87M | -216.01M | -401.55M | -257.33M | -169.98M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 180.36M | -62.4M | 505.37M | -5.2M | -69.67M | -272.92M | -126.34M | -30.55M |
| Dividends Paid | 0 | 0 | 0 | -38.09M | -125.19M | -93.37M | -91.88M | -64.9M |
| Share Repurchases | -12.09M | -210.34M | -11.74M | -5.2M | -69.67M | -272.92M | -126.34M | -31.79M |
| Other Financing | 0 | -652K | -1.97M | -5.58M | -21.14M | -35.26M | -39.1M | -74.53M |
| Net Change in Cash | 171.15M▲ 0% | -96.97M▼ 156.7% | 170.04M▲ 275.4% | -240.24M▼ 241.3% | -6.48M▲ 97.3% | 7.95M▲ 222.6% | 18.15M▲ 128.4% | 82.84M▲ 0% |
| Free Cash Flow | 1.39M▲ 0% | -29.26M▼ 2205.3% | 40.74M▲ 239.2% | 136.4M▲ 234.8% | 198.9M▲ 45.8% | 283.67M▲ 42.6% | 343.11M▲ 21.0% | 437.33M▲ 0% |
| FCF Margin % | 0.72% | -12.68% | 16.04% | 31.18% | 32.42% | 36.82% | 38.09% | 46.41% |
| FCF Growth % | - | -2205.32% | 239.21% | 234.84% | 45.82% | 42.62% | 20.96% | 47.12% |
| FCF per Share | 0.02 | -0.45 | 0.53 | 1.66 | 2.17 | 1.96 | 3.53 | 3.53 |
| FCF Conversion (FCF/Net Income) | -0.31x | 1.33x | -1.93x | -2.57x | 8.01x | 1.74x | 3.41x | 2.59x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Clear Secure, Inc. (YOU) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -7.95% | -11.61% | -12.49% | 6.39% | 55.89% | 49.36% | 95.04% |
| Return on Invested Capital (ROIC) | - | -76.46% | -22.47% | 2.9% | 25.28% | 68.07% | 68.07% |
| Gross Margin | 68.06% | 58.68% | 63.18% | 62.28% | 63.51% | 85.81% | 91.04% |
| Net Margin | -4.03% | -14.21% | -14.99% | 4.58% | 22.02% | 12.12% | 17.92% |
| Debt / Equity | - | - | 0.25x | 0.34x | 0.51x | - | 0.00x |
| Interest Coverage | - | -329.32x | - | - | - | - | - |
| FCF Conversion | 1.33x | -1.93x | -2.57x | 8.01x | 1.74x | 3.41x | 2.59x |
| Revenue Growth | 20.03% | 10.03% | 72.25% | 40.27% | 25.57% | 16.91% | 17.39% |
Clear Secure, Inc. (YOU) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 6, 2026·SEC
Mar 19, 2026·SEC
Feb 25, 2026·SEC
Clear Secure, Inc. (YOU) stock FAQ — growth, dividends, profitability & financials explained
Clear Secure, Inc. (YOU) reported $942.4M in revenue for fiscal year 2025. This represents a 390% increase from $192.3M in 2019.
Clear Secure, Inc. (YOU) grew revenue by 16.9% over the past year. This is strong growth.
Yes, Clear Secure, Inc. (YOU) is profitable, generating $168.9M in net income for fiscal year 2025 (12.1% net margin).
Yes, Clear Secure, Inc. (YOU) pays a dividend with a yield of 1.55%. This makes it attractive for income-focused investors.
Clear Secure, Inc. (YOU) has a return on equity (ROE) of 49.4%. This is excellent, indicating efficient use of shareholder capital.
Clear Secure, Inc. (YOU) generated $437.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Clear Secure, Inc. (YOU) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates