Clear Secure, Inc. YOU
Clear Secure, Inc. (the "Company" or "CLEAR") is a secure identity company making experiences safer and easier - both digitally and physically. We make everyday experiences frictionless by connecting your identity to all the things that make you, YOU - transforming the way you live, work, and travel. CLEAR has been delivering secure, frictionless experiences in airports for over 15 years, achieving exceptional user delight and trust with CLEAR+, our consumer travel subscription service. CLEAR+ enables access to predictable and fast experiences through dedicated entry lanes in airport security checkpoints nationwide. Additionally, our CLEAR Travel portfolio includes TSA PreCheck® Enrollment Provided by CLEAR, premium services such as CLEAR Concierge, other travel benefits such as expedited passport services, our free CLEAR app which helps travelers plan their trip Home to Gate, and other mobile-first identity solutions such as CLEAR ID. Our CLEAR Travel portfolio extends CLEAR's value proposition beyond the airport lane and supports our strategy to expand use cases, increase engagement and address new customer segments such as international travelers. CLEAR1 is our business to business ("B2B") multi-layered identity verification solution. We combine biometric, document and device signals with verified data sources to ensure users are who they claim to be. Our B2B partners can select which verification layers to deploy, based on their specific security requirements, risk tolerance and user experience goals. We partner with a breadth of organizations, with a particular focus on Healthcare, Workforce and Governmental organizations where high fidelity identity security is paramount to their operational success. Our scaled Member base and comprehensive secure identity platform underpin our CLEAR Travel and CLEAR1 businesses, maximizing security and minimizing friction for consumers and our enterprise partners.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $900.8M | $770.5M | $613.6M | $437.4M | $254.0M | $230.8M | $192.3M | — |
| R&D | $72.4M | $73.4M | $74.4M | $66.8M | $47.5M | $32.0M | $21.2M | — |
| SG&A | $232.4M | $217.5M | $222.4M | $278.2M | $168.9M | $118.2M | $91.6M | — |
| Operating income | $186.5M | $123.2M | $20.1M | -$129.1M | -$114.9M | -$18.9M | -$56.2M | — |
| Pre-tax income | $206.1M | $66.6M | $50.6M | -$117.5M | -$114.9M | -$9.3M | -$54.2M | — |
| Income tax | $37.9M | $158.6M | $724.0K | $2.1M | $233.0K | $16.0K | $0 | — |
| Net income | $168.1M | $225.3M | $49.9M | -$115.4M | -$115.2M | -$9.3M | -$54.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $85.7M | $66.9M | $57.9M | $68.9M | $309.1M | $139.1M | $236.1M | $64.9M |
| Short-term investments | $614.4M | $542.6M | $665.2M | $665.8M | $335.2M | $37.8M | — | — |
| Receivables | $1.9M | $511.0K | $526.0K | $1.2M | $5.3M | $912.0K | — | — |
| Total current assets | $764.6M | $662.2M | $770.0M | $741.6M | $653.1M | $171.6M | — | — |
| Property, plant and equipment | $59.3M | $56.9M | $62.6M | $57.9M | $44.5M | $35.2M | — | — |
| Goodwill | $62.7M | $62.8M | $62.8M | $58.8M | $59.8M | $0 | — | — |
| Other intangibles | $2.8M | $15.3M | $20.8M | $22.3M | $22.9M | $1.6M | — | — |
| Total assets | $1.30B | $1.19B | $1.05B | $1.04B | $812.8M | $232.3M | — | — |
| Accounts payable | $7.2M | $18.0M | $11.8M | $8.0M | $8.8M | $8.5M | — | — |
| Total current liabilities | $759.9M | $643.1M | $552.0M | $397.5M | $264.6M | $146.1M | — | — |
| Total liabilities | $1.10B | $957.0M | $675.8M | $526.6M | $273.3M | $149.9M | — | — |
| Retained earnings | $119.8M | $83.8M | -$73.7M | -$101.8M | -$36.1M | -$494.8M | — | — |
| Total equity | $177.7M | $198.4M | $369.2M | $510.9M | $539.5M | -$486.9M | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $372.5M | $295.7M | $225.0M | $168.3M | $69.7M | -$12.3M | $16.6M | — |
| Depreciation and amortisation | $34.6M | $26.5M | $21.6M | $18.8M | $12.4M | $9.4M | $7.3M | — |
| Stock-based compensation | $38.9M | $35.3M | $37.3M | $138.5M | $36.5M | $3.4M | $14.7M | — |
| Capital expenditure | $29.3M | $12.0M | $25.6M | $31.4M | $28.1M | $16.5M | $14.7M | — |
| Investing cash flow | -$97.1M | $113.8M | -$15.5M | -$359.6M | -$403.2M | -$21.6M | -$25.8M | — |
| Financing cash flow | -$257.3M | -$401.5M | -$216.0M | -$48.9M | $503.4M | -$63.0M | $180.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-170704.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $192.3M | $230.8M | $254.0M | $437.4M | $613.6M | $770.5M | $900.8M |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | -$54.2M | -$9.3M | -$115.2M | -$115.4M | $49.9M | $225.3M | $168.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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