Clear Secure (YOU) Financial Statements & Analysis

Clear Secure (YOU) Income Statement

Clear Secure reported revenue of $900.78M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 16.9% from $770.49M a year earlier. Net income was $109.17M, down 35.7% year over year, a net margin of 12.1%. Gross margin was 64.4% and operating margin 20.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $277.76M, up 26.6% from the same quarter a year earlier.

Clear Secure Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Clear Secure, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	900.78	770.49	613.58	437.43	253.95	230.80	192.28
Cost of Revenue	320.46	281.15	231.47	161.05	104.94	73.72	92.32
Gross Profit	580.32	489.34	382.11	276.38	149.02	157.08	99.97
Operating Expenses
Research & Development	72.38	73.35	74.44	66.80	47.49	32.04	21.22
Selling, General & Administrative	286.83	266.32	265.88	319.85	204.10	134.55	127.59
Operating Expenses	393.84	366.15	361.97	405.44	263.95	176.01	156.13
Operating Income	186.48	123.19	20.14	-129.06	-114.93	-18.93	-56.16
Other Income/Expense
Interest Income	24.38	32.51	29.01	6.59	0.00	0.61	1.94
Interest Expense	0.00	0.00	0.00	0.00	0.35	0.00	0.00
Other Income/Expense	-4.79	-89.07	30.47	4.98	0.00	9.64	1.94
Income
Income Before Tax	206.07	66.63	50.61	-117.50	-114.94	-9.29	-54.22
Income Tax Expense	37.92	-158.65	0.72	-2.06	0.23	0.02	0.00
Net Income	109.17	169.68	28.11	-65.57	-36.08	-9.31	-54.22
Net Income - Continuous Operations	168.15	225.27	28.11	-115.44	-36.08	-9.31	-54.22
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	221.10	149.67	72.26	-110.27	-102.23	-9.51	-48.85
EBIT	186.48	123.19	22.10	-129.06	-114.93	-18.93	-
Depreciation & Amortization	34.62	26.48	21.65	18.79	12.36	9.42	7.32
Earnings Per Share
Basic EPS	1.00	2.00	-	-1.00	-1.00	-	-1.00
Diluted EPS	1.00	2.00	-	-1.00	-1.00	-	-1.00
Basic Shares Outstanding	95.97	93.90	90.60	82.12	77.44	65.43	73.48
Diluted Shares Outstanding	97.81	144.51	91.62	82.12	77.44	65.43	73.48

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Clear Secure Financial Statements

What was Clear Secure's revenue in fiscal 2025?

Clear Secure reported revenue of $900.78M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 16.9% from $770.49M a year earlier.

Is Clear Secure profitable?

Yes. Clear Secure earned net income of $109.17M in fiscal 2025, a net margin of 12.1%. In fiscal 2024 it earned $169.68M.

What is Clear Secure's operating margin?

Clear Secure's operating income was $186.48M on revenue of $900.78M in fiscal 2025, an operating margin of 20.7%, compared with 16.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition