Clear Secure (YOU) Cash Flow: Operating & Free Cash Flow

Clear Secure (YOU) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Clear Secure generated $372.45M of operating cash flow and spent $29.34M on capital expenditures. That left free cash flow of $343.11M, up 21.0% from $283.67M a year earlier, or 38.1% of revenue. It returned $199.50M to shareholders through $73.16M in dividends and $126.34M in share buybacks.

Clear Secure Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Clear Secure, Inc. (YOU) - Annual data in billions 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
Operating Activities
Net Income	0.17	0.23	0.05	-0.12	-0.12	-0.01	-0.05
Depreciation & Amortization	0.03	0.03	0.02	0.02	0.01	0.01	0.01
Deferred Income Tax	0.02	-0.17	0.00	0.00	0.00	0.00	0.00
Stock Based Compensation	0.04	0.04	0.04	0.14	0.04	0.00	0.01
Change in Working Capital	0.10	0.17	0.12	0.12	0.12	-0.02	0.05
Change in Accounts Receivable	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Accounts Payable	-0.01	0.00	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	-0.02	0.17	0.01	0.00	0.12	0.00	0.05
Other Operating Activities	0.03	0.00	0.01	0.00	0.02	0.00	0.00
Net Cash from Operating Activities	0.37	0.30	0.23	0.17	0.07	-0.01	0.02
Investing Activities
Capital Expenditures	-0.03	-0.01	-0.03	-0.03	-0.03	-0.02	-0.02
Acquisitions	0.00	0.00	0.00	0.00	-0.08	0.00	0.00
Purchases of Investments	-0.75	-0.97	-0.96	-1.46	-0.99	-0.17	-0.10
Sales/Maturities of Investments	0.68	1.10	0.97	1.13	0.69	0.17	0.09
Other Investing Activities	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-0.10	0.11	-0.02	-0.36	-0.40	-0.02	-0.03
Financing Activities
Common Stock Issued	0.00	0.00	0.00	0.00	0.52	0.15	0.19
Common Stock Repurchased	-0.13	-0.27	-0.07	0.00	-0.01	-0.21	-0.01
Dividends Paid	-0.07	-0.09	-0.13	-0.04	0.00	0.00	0.00
Other Financing Activities	-0.05	-0.04	-0.02	-0.01	0.00	0.00	0.00
Net Cash from Financing Activities	-0.26	-0.40	-0.22	-0.05	0.50	-0.06	0.18
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	0.02	0.01	-0.01	-0.24	0.17	-0.10	0.17
Cash at Beginning of Period	0.07	0.06	0.07	0.31	0.14	0.24	0.06
Cash at End of Period	0.09	0.07	0.06	0.07	0.31	0.14	0.24
Free Cash Flow	0.34	0.28	0.20	0.14	0.04	-0.03	0.00

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 Cash Flow

What is Clear Secure's free cash flow?

Clear Secure generated free cash flow of $343.11M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $372.45M minus $29.34M of capital expenditures. That was up 21.0% from $283.67M a year earlier. Free cash flow equaled 38.1% of revenue.

How much does Clear Secure spend on capital expenditures?

Clear Secure spent $29.34M on capital expenditures in fiscal 2025, compared with $12.01M a year earlier. That equals 7.9% of operating cash flow.

Does Clear Secure pay dividends or buy back shares?

Yes. In fiscal 2025 Clear Secure returned $73.16M in dividends and $126.34M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition