Clear Secure, Inc. (YOU)
Clear Secure, Inc. (YOU) operates within the United States, specializing in a secure, identity-verification platform primarily for its members. This sophisticated, multi-layered system handles identity enrollment, verification, and linking processes. Among its offerings is CLEAR Plus, a subscription service for air travelers designed to streamline airport security checks, providing members with more predictable and expedited access to security lanes and a wider network of services. Complementing this is the CLEAR app, a mobile application enabling new users to enroll and existing members to engage with the service conveniently from their personal devices. Furthermore, the company developed Reserve powered by CLEAR, an innovative virtual queuing solution that empowers individuals to manage their waiting times flexibly, whether they're at home or on the go. Its portfolio also includes Atlas Certified, an automated service designed to validate professional licenses and certifications across various sectors by directly interfacing with certifying bodies to provide reliable, up-to-date data on demand. Established in 2010, Clear Secure maintains its corporate headquarters in New York, New York.
Sector: Services-Prepackaged Software
Industry: Software - Application
Clear Secure, Inc.
NYSE:YOUTechnology · Software - Application
-0.53%$45.38
AH Close$45.38+0.00%vs close
AH Close$45.38+0.00%vs close
Mkt Cap$4.67B
Float102.71M
O/S102.91M
Inst Own97.6%
SI12.4%
Div Yield1.71%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$900.78M
Net Income$109.17M
Total Assets$1.3B
Free Cash Flow$343.11M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$177.73M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in YOU's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.3B
Liabilities$1.1B
Accounts Receivable$1.93M
Accounts Payable$7.16M
Inventory$0
PP&E (Net)$159.38M
Goodwill$62.68M
Intangible Assets$2.75M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $900.78M | $770.49M | $613.58M | $437.43M | $253.95M | $230.8M | $192.28M |
| YoY Growth | 16.9% | 25.6% | 40.3% | 72.2% | 10.0% | 20.0% | - |
| Cost of Revenue | $320.46M | $281.15M | $231.47M | $161.05M | $104.94M | $73.72M | $92.32M |
| Gross Profit | $580.32M | $489.34M | $382.11M | $276.38M | $149.02M | $157.08M | $99.97M |
| Gross Margin | 64.4% | 63.5% | 62.3% | 63.2% | 58.7% | 68.1% | 52.0% |
| Research and Development | $72.38M | $73.35M | $74.44M | $66.8M | $47.49M | $32.04M | $21.22M |
| Selling, General, and Administrative | $286.83M | $266.31M | $265.88M | $319.85M | $204.1M | $134.55M | $127.59M |
| Other | $34.62M | $26.48M | $21.65M | $18.79M | $12.36M | $9.42M | $7.32M |
| Total Operating Expenses | $393.84M | $366.15M | $361.97M | $405.44M | $263.95M | $176.01M | $156.13M |
| Operating Income (EBIT) | $186.48M | $123.19M | $20.14M | -$129.06M | -$114.93M | -$18.93M | -$56.16M |
| Operating Margin | 20.7% | 16.0% | 3.3% | -29.5% | -45.3% | -8.2% | -29.2% |
| Interest Expense | $0 | $0 | $0 | $0 | $349K | $0 | $0 |
| Interest Income | $24.38M | $32.51M | $29.01M | $6.59M | $0 | $612K | $1.94M |
| Other Income (Expense) | $19.59M | -$56.56M | $30.47M | $11.57M | -$5K | $9.63M | $1.94M |
| Income Before Tax (EBT) | $206.07M | $66.63M | $50.61M | -$117.5M | -$114.94M | -$9.29M | -$54.22M |
| Income Tax Expense | $37.92M | -$158.65M | $724K | -$2.06M | $233K | $16K | $0 |
| Net Income | $109.17M | $169.68M | $28.11M | -$65.57M | -$36.08M | -$9.31M | -$54.22M |
| Net Income Margin | 12.1% | 22.0% | 4.6% | -15.0% | -14.2% | -4.0% | -28.2% |
| Supplementary Data | |||||||
| EPS | 1.14 | 1.81 | 0.31 | -1.41 | -1.49 | -0.14 | -0.71 |
| Diluted EPS | 1.12 | 1.56 | 0.31 | -1.41 | -1.49 | -0.14 | -0.71 |
| Weighted Average OS | 95.44M | 93.89M | 90.60M | 82.12M | 77.44M | 65.43M | 73.48M |
| EBITDA | $240.69M | $93.11M | $72.26M | -$98.71M | -$102.23M | -$9.51M | -$48.85M |
| EBITDA Margin | 26.7% | 12.1% | 11.8% | -22.6% | -40.3% | -4.1% | -25.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $85.73M | $66.89M | $57.9M | $38.94M | $280.11M | $116.23M | $213.88M |
| Short-Term Investments | $614.44M | $542.61M | $665.2M | $665.81M | $335.23M | $37.81M | $33.38M |
| Cash and Short-Term Investments | $700.17M | $609.5M | $723.1M | $704.75M | $615.34M | $154.04M | $247.27M |
| Accounts Receivable | $1.93M | $511K | $526K | $1.17M | $5.33M | $912K | $1.11M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $62.52M | $13.11M | $8.76M | $5.12M | $12.91M | $2.9M | $2.96M |
| Total Current Assets | $764.61M | $662.22M | $770.03M | $741.6M | $653.08M | $171.64M | $261.54M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $159.38M | $165.75M | $178.49M | $181.8M | $44.52M | $35.24M | $26.93M |
| Goodwill | $62.68M | $62.76M | $62.76M | $58.81M | $59.79M | $0 | $0 |
| Intangible Assets | $2.75M | $15.3M | $20.82M | $22.29M | $22.93M | $1.56M | $1.16M |
| Long-Term Investments | $2.79M | $7M | $6.46M | $459K | $459K | $459K | $459K |
| Deferred Tax Assets | $305.13M | $274.68M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $6.04M | $7.22M | $6.45M | $32.55M | $31.97M | $23.37M | $28.78M |
| Total Long-Term Assets | $538.78M | $532.71M | $274.98M | $295.92M | $159.67M | $60.63M | $57.33M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.3B | $1.19B | $1.05B | $1.04B | $812.75M | $232.27M | $318.87M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $7.16M | $18.02M | $11.78M | $7.95M | $8.81M | $8.52M | $7.13M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $516.2M | $439.75M | $376.25M | $283.45M | $188.56M | $101.54M | $121.34M |
| Other Current Liabilities | $236.54M | $18.5M | $139.6M | $17.36M | $18.13M | $27.37M | $24.53M |
| Total Current Liabilities | $759.9M | $643.05M | $552.05M | $397.47M | $264.59M | $146.1M | $163.62M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $948K | $1.71M | $2.44M | $3.79M | $0 | $0 |
| Other Long-Term Liabilities | $339.11M | $197.89M | $370K | $1.54M | $4.9M | $3.81M | $3.35M |
| Total Long-Term Liabilities | $339.11M | $313.94M | $123.74M | $129.12M | $8.69M | $3.81M | $3.35M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.1B | $956.99M | $675.78M | $526.6M | $273.28M | $149.91M | $166.97M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1K | $1K | $1K | $1K | $1K | $569.25M | $435.23M |
| Retained Earnings | $119.79M | $83.78M | -$73.71M | -$101.8M | -$36.13M | -$494.77M | -$291.35M |
| Comprehensive Income & Other | $840K | $343K | $2.05M | -$1.53M | -$103K | $27K | $3K |
| Other Stockholders' Equity | $57.94M | $114.57M | $307.04M | $392.86M | $313.74M | $7.87M | $8.03M |
| Total Equity | $177.73M | $198.35M | $233.33M | $291.06M | $277.61M | $82.36M | $151.9M |
| Minority Interest | $26.65M | $39.59M | $135.9M | $219.86M | $261.86M | $0 | $0 |
| Total Liabilities and Equity | $1.28B | $1.16B | $909.11M | $817.66M | $550.89M | $232.27M | $318.87M |
| Supplementary Data | |||||||
| Total Debt | $0 | $121.25M | $127.38M | $130.11M | $0 | $0 | $0 |
| Net Debt | -$85.73M | $54.36M | $69.48M | $91.17M | -$280.11M | -$116.23M | -$213.88M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $168.15M | $225.27M | $49.89M | -$115.44M | -$115.17M | -$9.31M | -$54.22M |
| Depreciation & Amortization | $34.62M | $26.48M | $21.65M | $18.79M | $12.36M | $9.42M | $7.32M |
| Deferred Income Tax | $24.38M | -$165.77M | -$722K | -$2.47M | $0 | $0 | $0 |
| Stock-Based Compensation | $38.93M | $35.34M | $37.29M | $138.5M | $36.51M | $3.43M | $14.66M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$1.58M | $15K | $643K | $4.16M | -$4.21M | $201K | -$401K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $1.73M | $0 |
| Accounts Payable | -$6.37M | $2.2M | $4.53M | -$752K | $1.45M | $404K | -$2.23M |
| Other Working Capital | $104.68M | $171.93M | $113.78M | $121.2M | $120.37M | -$19.34M | $47.96M |
| Total Working Capital Change | $96.73M | $174.14M | $118.95M | $124.61M | $117.61M | -$17M | $45.33M |
| Other Non-Cash Items | $9.64M | $213K | -$2.02M | $4.32M | $18.4M | $1.13M | $3.49M |
| Net Cash from Operating | $372.45M | $295.68M | $225.03M | $168.31M | $69.71M | -$12.34M | $16.57M |
| Investing Activities | |||||||
| Capital Expenditures | -$29.34M | -$12.01M | -$25.55M | -$31.91M | -$28.15M | -$16.93M | -$14.68M |
| Acquisitions | $0 | $0 | -$3.75M | $545K | -$75.83M | -$424K | $0 |
| Purchases of Investments | -$747.63M | -$972.1M | -$958.65M | -$1.46B | -$987.97M | -$170.63M | -$101.07M |
| Sales of Investments | $677.17M | $1.1B | $973.03M | $1.13B | $689.57M | $166.22M | $90.47M |
| Other Investing Activities | $2.7M | -$318K | -$580K | -$545K | -$822K | $174K | -$502K |
| Net Cash from Investing | -$97.1M | $113.78M | -$15.51M | -$359.59M | -$403.2M | -$21.58M | -$25.78M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $517.11M | $147.94M | $192.44M |
| Common Stock Repurchases | -$126.34M | -$272.92M | -$69.67M | -$5.2M | -$11.74M | -$210.34M | -$12.09M |
| Dividends Paid | -$91.88M | -$93.37M | -$125.19M | -$38.09M | $0 | $0 | $0 |
| Other Financing Activities | -$39.1M | -$35.26M | -$21.14M | -$5.58M | -$1.97M | -$652K | $0 |
| Net Cash from Financing | -$257.33M | -$401.55M | -$216.01M | -$48.87M | $503.4M | -$63.05M | $180.36M |
| Forex Effect | $127K | $40K | -$1K | -$85K | $133K | $0 | $0 |
| Net Change in Cash | $18.15M | $7.95M | -$6.48M | -$240.24M | $170.04M | -$96.97M | $171.15M |
| Supplementary Data | |||||||
| Operating Cash Flow | $372.45M | $295.68M | $225.03M | $168.31M | $69.71M | -$12.34M | $16.57M |
| Capital Expenditure | -$29.34M | -$12.01M | -$26.14M | -$31.91M | -$28.97M | -$16.93M | -$15.18M |
| Free Cash Flow | $343.11M | $283.67M | $198.9M | $136.4M | $40.74M | -$29.26M | $1.39M |
| Cash at Beginning | $70.35M | $62.4M | $68.88M | $309.13M | $139.08M | $236.05M | $64.9M |
| Cash at End | $88.5M | $70.35M | $62.4M | $68.88M | $309.13M | $139.08M | $236.05M |