Clear Secure Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	866.3	770.49	613.58	437.43	253.95	230.8
Revenue Growth (YoY)	17.83%	25.57%	40.27%	72.25%	10.03%	20.03%
Cost of Revenue	315.42	283.45	233.97	161.05	104.94	73.72
Gross Profit	550.88	487.04	379.61	276.38	149.02	157.08
Selling, General & Admin	282.79	266.32	263.92	318.83	204.1	134.55
Research & Development	74.94	73.35	74.44	66.8	47.49	32.04
Operating Expenses	385.43	366.15	360.01	404.42	263.95	176.01
Operating Income	165.45	120.89	19.6	-128.04	-114.93	-18.93
Interest Expense	-	-	-	-	-0.35	-
Interest & Investment Income	25.67	32.51	29.01	6.59	-	0.61
Other Non Operating Income (Expenses)	-86.89	-88.35	4.93	7.03	4.91	9.02
EBT Excluding Unusual Items	104.23	65.05	53.54	-114.43	-110.37	-9.29
Merger & Restructuring Charges	-	-	-0.46	-	-	-
Asset Writedown	-0.72	-0.72	-4.98	-3.07	-4.57	-
Other Unusual Items	1.2	2.3	2.5	-	-	-
Pretax Income	99.99	66.63	50.61	-117.5	-114.94	-9.29
Income Tax Expense	-138.19	-158.65	0.72	-2.06	0.23	0.02
Earnings From Continuing Operations	238.17	225.27	49.89	-115.44	-115.17	-9.31
Minority Interest in Earnings	-56.48	-55.6	-21.78	49.86	79.09	-
Net Income	181.69	169.68	28.11	-65.57	-36.08	-9.31
Net Income to Common	181.69	169.68	28.11	-65.57	-36.08	-9.31
Net Income Growth	126.08%	503.66%	-	-	-	-
Shares Outstanding (Basic)	96	94	91	82	77	7
Shares Outstanding (Diluted)	147	145	92	82	77	7
Shares Change (YoY)	56.57%	57.73%	11.56%	7.27%	1033.89%	-
EPS (Basic)	1.90	1.81	0.31	-0.80	-0.47	-1.38
EPS (Diluted)	1.62	1.56	0.31	-0.80	-0.48	-1.38
EPS Growth	88.46%	408.65%	-	-	-	-
Free Cash Flow	289.58	283.67	199.48	136.95	41.56	-28.84
Free Cash Flow Per Share	1.97	1.96	2.18	1.67	0.54	-4.27
Dividend Per Share	0.500	0.415	0.160	-	-	-
Dividend Growth	31.58%	159.38%	-	-	-	-
Gross Margin	63.59%	63.21%	61.87%	63.18%	58.68%	68.06%
Operating Margin	19.10%	15.69%	3.19%	-29.27%	-45.26%	-8.20%
Profit Margin	20.97%	22.02%	4.58%	-14.99%	-14.21%	-4.03%
Free Cash Flow Margin	33.43%	36.82%	32.51%	31.31%	16.36%	-12.50%
EBITDA	180.07	134.25	32.94	-116.93	-107.99	-13.25
EBITDA Margin	20.79%	17.42%	5.37%	-26.73%	-42.52%	-5.74%
D&A For EBITDA	14.62	13.36	13.34	11.12	6.94	5.68
EBIT	165.45	120.89	19.6	-128.04	-114.93	-18.93
EBIT Margin	19.10%	15.69%	3.19%	-29.27%	-45.26%	-8.20%
Effective Tax Rate	-	-	1.43%	-	-	-

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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