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MARKETS / NYSE / YOU
NYSE · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Clear Secure, Inc. YOU

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$900.8M
▲ 16.9% YoY
$109.2M
▼ 35.7% YoY
$343.1M
▲ 21.0% YoY
In brief

What this company does

For over 15 years, CLEAR has offered CLEAR+, its consumer travel subscription service that provides access to dedicated entry lanes in airport security checkpoints nationwide. CLEAR1 is its business-to-business multi-layered identity verification solution that combines biometric, document and device signals with verified data sources to confirm that users are who they claim to be. As of December 31, 2025, its network of partners and use cases provided 38 million Total CLEAR Members with access to 166 CLEAR+ Lanes across 60 airports nationwide, 61 airports and 340 retail locations with TSA PreCheck Enrollment Provided by CLEAR, and 9 sports and entertainment venues with priority Lanes. It also manages an Ambassador and field manager workforce of approximately 3,708 employees deployed across its network of locations to operate its platform. The Company was incorporated as a Delaware corporation on March 2, 2021, in connection with its initial public offering, and Alclear was formed as a Delaware limited liability company on January 21, 2010.

Written from the business description in Clear Secure, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 900.8M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 900.8 · Net income 109.2
400M800M2019202020212022202320242025
Compound annual growth
+27.2%
+31.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +31.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
19 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 20.7% · Net 18.7%
10%20%-20%-40%2019202020212022202320242025
ROE
FY2025 · ROE 58.1%
20%40%60%-10%-20%2019202020212022202320242025

Each USD of equity produced 58 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 343.1
200M2019202020212022202320242025

Total assetsUSD 1.3B
EquityUSD 177.7M
CashUSD 85.7M
Current ratio1.01×

Equity funds 14% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.90.80.60.40.30.20.2
Operating income $B0.20.10.0−0.1−0.1−0.0−0.1
EBITDA $B0.20.10.0−0.1−0.1−0.0−0.0
Income tax $B0.0−0.20.0−0.00.00.00.0
Net income $B0.10.20.0−0.1−0.0−0.0−0.1
Free cash flow $B0.30.30.20.10.0−0.00.0
EPS, diluted $·1.560.31−0.80−0.48··
Dividend / sh $·······
Payout %·······
ROE %58.178.610.7−23.1−13.0··
Shares out B···0.09···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 19 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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