Clear Secure Cash Flow 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
Net Income	185.95	168.15	225.27	49.89	-115.44	-115.17
Depreciation & Amortization	34.92	34.62	26.48	21.65	18.79	12.36
Stock-Based Compensation	42.45	38.93	35.34	37.29	138.5	36.51
Other Adjustments	39.51	34.02	-165.56	-2.74	1.85	18.4
Change in Receivables	-0.72	-1.58	0.02	0.64	4.16	-4.21
Changes in Accounts Payable	-0.42	-6.37	2.2	4.53	-0.75	1.45
Changes in Accrued Expenses	62.36	45.92	120.96	33.71	34.98	50.05
Changes in Unearned Revenue	119.4	76.45	63.5	92.8	94.89	87.02
Changes in Other Operating Activities	-21.4	-17.69	-12.53	-12.74	-8.67	-16.7
Operating Cash Flow	464.46	372.45	295.68	225.03	168.31	69.71
Operating Cash Flow Growth	48.07%	25.97%	31.39%	33.70%	141.45%	-
Capital Expenditures	-27.13	-29.34	-12.01	-25.56	-31.36	-28.15
Purchases of Intangible Assets	-	-	-0.32	-0.58	-0.55	-0.82
Purchases of Investments	-936.94	-747.63	-972.1	-958.66	-1,463	-987.97
Proceeds from Sale of Investments	749.84	677.17	1,098	973.03	1,135	689.57
Payments for Business Acquisitions	-	-	-	-3.75	-	-75.83
Proceeds from Business Divestments	1.35	2.7	-	-	-	-
Investing Cash Flow	-211.79	-97.1	113.78	-15.51	-359.59	-403.2
Issuance of Common Stock	-	-	-	-	-	519.98
Repurchase of Common Stock	-25.84	-126.35	-272.92	-69.67	-4.9	-11.74
Net Common Stock Issued (Repurchased)	-25.84	-126.35	-272.92	-69.67	-4.9	508.23
Common Dividends Paid	-71.29	-73.16	-68.23	-82.52	-21.84	-
Other Financing Activities	-72.85	-57.83	-60.4	-63.81	-22.13	-4.83
Financing Cash Flow	-169.98	-257.33	-401.55	-216.01	-48.87	503.4
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.15	0.13	0.04	-0	-0.09	0.13
Net Cash Flow	82.7	18.02	7.91	-6.48	-240.16	169.91
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%	-
FCF Margin	46.41%	38.09%	36.82%	32.51%	31.31%	16.36%
Free Cash Flow Per Share	4.46	3.53	2.40	2.20	1.69	0.55
Levered Free Cash Flow	290.3	212.76	358.28	142.51	42.31	69.95
Unlevered Free Cash Flow	345.7	324.39	18.46	134.82	-23.45	-8.67

SEC Filings: 10-K · 10-Q