Clear Secure Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	900.78	770.49	613.58	437.43	253.95
Revenue Growth (YoY)	16.91%	25.57%	40.27%	72.25%	10.03%
Cost of Revenue	320.46	281.15	231.47	161.05	104.94
Gross Profit	580.32	489.34	382.11	276.38	149.02
Selling, General & Admin	286.83	266.32	265.88	319.85	204.1
Depreciation & Amortization Expenses	34.62	26.48	21.65	18.79	12.36
Research & Development	72.38	73.35	74.44	66.8	47.49
Total Operating Expenses	393.84	366.15	361.97	405.44	263.95
Operating Income	186.48	123.19	20.14	-129.06	-114.93
Interest Income	24.38	32.51	29.01	6.59	-0.15
Other Non-Operating Income (Expense)	-4.79	-89.07	1.46	4.98	0.34
Total Non-Operating Income (Expense)	19.59	-56.56	30.47	11.57	0.2
Pretax Income	206.07	66.63	50.61	-117.5	-114.74
Provision for Income Taxes	-37.92	158.65	-0.72	2.06	-0.23
Net Income	109.17	169.68	28.11	-65.57	-36.08
Net Income to Common	109.17	169.68	28.11	-65.57	-36.08
Net Income Growth	-35.66%	503.66%	-	-	-
Shares Outstanding (Basic)	95	93	90	81	76
Shares Outstanding (Diluted)	97	118	91	81	76
Shares Change (YoY)	-17.63%	30.18%	11.83%	7.42%	-0.71%
EPS (Basic)	1.14	1.81	0.31	-0.80	-0.48
EPS (Diluted)	1.12	1.56	0.31	-0.80	-0.48
EPS Growth	-28.21%	403.23%	-	-	-
Free Cash Flow	0	283.67	199.48	136.95	41.56
Free Cash Flow Growth	-	42.20%	45.66%	229.53%	-
Free Cash Flow Per Share	-	2.40	2.20	1.69	0.55
Dividends Per Share	0.500	0.415	0.160	-	-
Dividend Growth	20.48%	159.38%	-	-	-
Gross Margin	64.42%	63.51%	62.28%	63.18%	58.68%
Operating Margin	20.70%	15.99%	3.28%	-29.50%	-45.26%
Profit Margin	27.09%	-11.94%	8.37%	-27.33%	-45.09%
FCF Margin	0.00%	36.82%	32.51%	31.31%	16.36%
EBITDA	186.48	149.67	41.79	-110.27	-102.58
EBITDA Margin	20.70%	19.43%	6.81%	-25.21%	-40.39%
EBIT	186.48	123.19	20.14	-129.06	-114.93
EBIT Margin	20.70%	15.99%	3.28%	-29.50%	-45.26%
Effective Tax Rate	-18.40%	238.11%	-1.43%	-1.75%	0.20%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q