← Clear Secure, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income | ($54.2m) |
($9.3m)
+82.83%
|
($115.2m)
-1137.07%
|
($115.4m)
-0.23%
|
$49.9m
+143.22%
|
$225.3m
+351.56%
|
$168.1m
-25.36%
|
$220.4m
+31.07%
|
|
| Depreciation on property and equipment | — | $9.4m | $12.4m | $15.5m | $18.2m | $21.7m | $23.9m | $34.8m | |
| Amortization on intangible assets | — | $0 | $0 | $3.3m | $3.4m | $4.7m | $10.7m | — | |
| Amortization of revolver loan costs | $0 | $0 | $358k | $440k | $339k | $202k | $132k | — | |
| Premium amortization (discount accretion) on marketable securities | — | $0 | $675k | ($3.0m) | ($13.8m) | ($7.3m) | ($1.3m) | — | |
| Deferred income tax expense (benefit) | — | $0 | $0 | ($2.5m) | ($722k) | ($165.8m) | $24.4m | $41.7m | |
| Payment of taxes on net settled stock-based awards | — | $0 | $0 | ($5.4m) | ($6.8m) | ($9.0m) | ($12.7m) | — | |
| Impairment of assets | — | $0 | $4.6m | $3.1m | $5.0m | $723k | $362k | — | |
| Impairment of strategic investment | — | — | — | — | $0 | $0 | $4.7m | — | |
| Accounts receivable | ($401k) | $201k | ($4.2m) | $4.2m | $643k | $15k | ($1.6m) | ($210k) | |
| Accounts payable | ($2.2m) | $404k | $1.5m | ($752k) | $4.5m | $2.2m | ($6.4m) | ($199k) | |
| Accrued and other long term liabilities | $8.2m | ($1.8m) | $50.0m | $35.0m | $33.7m | $121.0m | $45.9m | — | |
| Deferred revenue | $43.8m | ($19.8m) | $87.0m | $94.9m | $92.8m | $63.5m | $76.5m | — | |
| Prepaid expenses and other assets | ($5.2m) | $1.1m | ($11.4m) | $991k | ($3.2m) | ($6.5m) | ($3.7m) | — | |
| Net cash provided by operating activities | $16.6m |
($12.3m)
-174.44%
|
$69.7m
+664.98%
|
$168.3m
+141.45%
|
$225.0m
+33.70%
|
$295.7m
+31.39%
|
$372.5m
+25.97%
|
$542.6m
+45.70%
|
|
| Purchases of property and equipment | ($14.7m) | ($16.5m) | ($28.1m) | ($31.4m) | ($25.6m) | ($12.0m) | ($29.3m) | ($34.3m) | |
| Purchases of marketable securities | ($101.1m) | ($170.6m) | ($988.0m) | ($1.5b) | ($952.7m) | ($971.1m) | ($747.1m) | — | |
| Proceeds from sales and maturities of marketable securities | $90.5m | $166.2m | $689.6m | $1.1b | $973.0m | $1.1b | $677.2m | — | |
| Gain on divestiture of a business | — | — | — | — | $0 | $0 | ($635k) | — | |
| Proceeds from divestiture | — | — | — | — | $0 | $0 | $2.7m | $0 | |
| Net cash (used in) provided by investing activities | ($25.8m) | ($21.6m) | ($403.2m) | ($359.6m) | ($15.5m) | $113.8m | ($97.1m) | — | |
| Repurchase of Class A Common Stock | ($12.1m) | ($210.3m) | ($11.7m) | ($4.9m) | ($69.7m) | ($272.9m) | ($126.3m) | — | |
| Payment of dividend | — | — | $0 | $0 | ($14.5m) | ($39.4m) | ($47.8m) | — | |
| Payment of special dividend | — | $0 | $0 | ($21.8m) | ($68.0m) | ($28.8m) | ($25.3m) | — | |
| Other financing activities | — | — | — | ($297k) | ($396k) | $0 | ($334k) | — | |
| Net cash used in financing activities | $180.4m |
($63.0m)
-134.96%
|
$503.4m
+898.43%
|
($48.9m)
-109.71%
|
($216.0m)
-341.97%
|
($401.5m)
-85.90%
|
($257.3m)
+35.92%
|
($154.6m)
+39.93%
|
|
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $171.2m | ($97.0m) | $169.9m | ($240.2m) | ($6.5m) | $7.9m | $18.0m | — | |
| Cash, cash equivalents, and restricted cash, beginning of period | $236.1m | $139.1m | $309.1m | $68.9m | $62.4m | $70.3m | $88.5m | — | |
| Exchange rate effect on cash and cash equivalents, and restricted cash | $0 | $0 | $133k | ($85k) | ($1k) | $40k | $127k | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Noncash lease expense | — | $0 | $0 | $3.8m | $6.5m | $6.6m | $6.3m | — | |
| Equity-based compensation | $14.7m | $3.4m | $36.5m | $138.5m | $37.3m | $35.3m | $38.9m | — | |
| Prepaid revenue share fee | ($1.5m) | $2.4m | ($4.8m) | ($7.3m) | ($6.8m) | ($250k) | ($5.0m) | — | |
| Operating lease liabilities | — | $0 | $0 | ($2.3m) | ($2.7m) | ($5.8m) | ($8.9m) | — | |
| Business combinations, net of cash acquired | $0 | $0 | ($75.8m) | $0 | ($3.8m) | $0 | $0 | — | |
| Purchase of strategic investment | — | — | $0 | $0 | ($6.0m) | ($1.0m) | ($514k) | — | |
| Purchases of intangible assets | ($502k) | ($424k) | ($822k) | ($545k) | ($580k) | ($318k) | $0 | — | |
| Distributions to members | $0 | $0 | ($4.1m) | ($171k) | ($42.7m) | ($25.1m) | ($18.7m) | — | |
| Tax distribution to members | — | — | ($4.1m) | ($171k) | ($13.9m) | ($25.0m) | ($26.1m) | — | |
| Deferred consideration payment | — | — | ($718k) | $0 | ($396k) | ($1.2m) | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.