Clear Secure Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	942.41	900.78	770.49	613.58	437.43	253.95
Revenue Growth (YoY)	17.39%	16.91%	25.57%	40.27%	72.25%	10.03%
Cost of Revenue	325.29	320.46	281.15	231.47	161.05	104.94
Gross Profit	617.13	580.32	489.34	382.11	276.38	149.02
Selling, General & Admin	298.3	286.83	266.32	265.88	319.85	204.1
Depreciation & Amortization Expenses	34.92	34.62	26.48	21.65	18.79	12.36
Research & Development	72.84	72.38	73.35	74.44	66.8	47.49
Total Operating Expenses	406.05	393.84	366.15	361.97	405.44	263.95
Operating Income	211.08	186.48	123.19	20.14	-129.06	-114.93
Interest Income	24.99	24.38	32.51	29.01	6.59	-0.15
Other Non-Operating Income (Expense)	-3.26	-4.79	-89.07	1.46	4.98	0.34
Total Non-Operating Income (Expense)	21.74	19.59	-56.56	30.47	11.57	0.2
Pretax Income	232.81	206.07	66.63	50.61	-117.5	-114.74
Provision for Income Taxes	26.18	-37.92	158.65	-0.72	2.06	-0.23
Net Income	122.56	109.17	169.68	28.11	-65.57	-36.08
Net Income to Common	122.56	109.17	169.68	28.11	-65.57	-36.08
Net Income Growth	-30.47%	-35.66%	503.66%	-	-	-
Shares Outstanding (Basic)	96	95	93	90	81	76
Shares Outstanding (Diluted)	98	97	118	91	81	76
Shares Change (YoY)	-1.41%	-17.62%	30.17%	11.83%	7.42%	-0.71%
EPS (Basic)	1.25	1.14	1.81	0.31	-0.80	-0.48
EPS (Diluted)	1.24	1.12	1.56	0.31	-0.80	-0.48
EPS Growth	-22.50%	-28.21%	403.23%	-	-	-
Shares Outstanding	100.65	98.34	97.47	92.69	88.67	77.44
Free Cash Flow	437.33	343.11	283.67	199.48	136.95	41.56
Free Cash Flow Growth	27.46%	20.95%	42.20%	45.66%	229.53%	-
Free Cash Flow Per Share	4.46	3.53	2.40	2.20	1.69	0.55
Dividends Per Share	0.525	0.500	0.415	0.160	-	-
Dividend Growth	5.00%	20.48%	159.38%	-	-	-
Gross Margin	65.48%	64.42%	63.51%	62.28%	63.18%	58.68%
Operating Margin	22.40%	20.70%	15.99%	3.28%	-29.50%	-45.26%
Profit Margin	20.83%	27.09%	-11.94%	8.37%	-27.33%	-45.09%
FCF Margin	46.41%	38.09%	36.82%	32.51%	31.31%	16.36%
EBITDA	246	221.1	149.67	41.79	-110.27	-102.58
EBITDA Margin	26.10%	24.55%	19.43%	6.81%	-25.21%	-40.39%
EBIT	211.08	186.48	123.19	20.14	-129.06	-114.93
EBIT Margin	22.40%	20.70%	15.99%	3.28%	-29.50%	-45.26%
Effective Tax Rate	11.25%	-18.40%	238.11%	-1.43%	-1.75%	0.20%

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q