← Clear Secure, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $192.3m |
$230.8m
+20.03%
|
$254.0m
+10.03%
|
$437.4m
+72.25%
|
$613.6m
+40.27%
|
$770.5m
+25.57%
|
$900.8m
+16.91%
|
$1.0b
+11.09%
|
|
| Cost of revenue share fee | $32.3m |
$33.2m
+2.80%
|
$37.2m
+12.10%
|
$56.3m
+51.23%
|
$88.6m
+57.55%
|
$108.1m
+21.96%
|
$127.8m
+18.25%
|
$333.7m
+160.99%
|
|
| Gross Profit | $160.0m |
$197.6m
+23.51%
|
$216.7m
+9.69%
|
$381.2m
+75.86%
|
$524.9m
+37.72%
|
$662.4m
+26.18%
|
$772.9m
+16.69%
|
$667.0m
-13.70%
|
|
| Research and development | $21.2m | $32.0m | $47.5m | $66.8m | $74.4m | $73.4m | $72.4m | $72.4m | |
| Sales and marketing | $36.0m | $16.4m | $35.2m | $41.7m | $43.5m | $48.8m | $54.4m | — | |
| General and administrative | $91.6m | $118.2m | $168.9m | $278.2m | $222.4m | $217.5m | $232.4m | $248.7m | |
| Operating income | ($56.2m) |
($18.9m)
+66.30%
|
($114.9m)
-507.18%
|
($129.1m)
-12.29%
|
$20.1m
+115.60%
|
$123.2m
+511.73%
|
$186.5m
+51.37%
|
$251.5m
+34.85%
|
|
| Interest income, net | — | — | — | $6.6m | $29.0m | $32.5m | $24.4m | $27.1m | |
| Income before tax | ($54.2m) | ($9.3m) | ($114.9m) | ($117.5m) | $50.6m | $66.6m | $206.1m | $279.9m | |
| Income tax (expense) benefit | $0 | ($16k) | ($233k) | $2.1m | ($724k) | $158.6m | ($37.9m) | $59.5m | |
| 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%
|
$147.9m
-12.05%
|
|
| Less: net income attributable to non-controlling interests | — | — | ($79.1m) | ($49.9m) | $21.8m | $55.6m | $59.0m | — | |
| Net income attributable to Clear Secure, Inc. | ($54.2m) | ($9.3m) | ($36.1m) | ($65.6m) | $28.1m | $169.7m | $109.2m | $147.9m | |
| Net income (loss) per common share, basic (in USD per share) | — | — | ($1) | ($2) | $1 | $4 | $2 | $147.9m | |
| Net income (loss) per common share, diluted (in USD per share) | — | — | ($1) | ($2) | $1 | $3 | $2 | $147.9m | |
| Weighted-average shares of Class A and B Common Stock outstanding, basic (in shares) | — | — | 76.6m | 82.1m | 90.6m | 93.9m | 96.0m | — | |
| Weighted-average shares of Class A and B Common Stock outstanding, diluted (in shares) | — | — | 76.6m | 82.1m | 91.6m | 144.5m | 97.8m | — | |
| Cost of direct salaries and benefits | $60.0m | $40.5m | $67.7m | $104.8m | $142.8m | $173.0m | $192.6m | — | |
| Depreciation and amortization | $7.3m | $9.4m | $12.4m | $18.8m | $21.6m | $26.5m | $34.6m | $34.8m | |
| Other (expense) income, net | $0 | $9.0m | $344k | $5.0m | $1.5m | ($89.1m) | ($4.8m) | — |