Clear Secure, Inc. Income Statement
YOU / Information Technology|7 years of annual SEC 10-K data (FY2019-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 7 fiscal years. All figures from audited SEC 10-K filings.
Clear Secure, Inc. reported $901M in revenue and $109M in net income for FY2025. Revenue has grown at a 29.4% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
Key Data Points
- Strong profit margin: 20.8%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 121.3%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $900.8M | $770.5M | $254.0M | $230.8M | $192.3M | $230.8M | $192.3M |
| SG&A Expense | $232.4M | $217.5M | $168.9M | $118.2M | $91.6M | $118.2M | $91.6M |
| R&D Expense | $72.4M | $73.4M | $47.5M | $32.0M | $21.2M | $32.0M | $21.2M |
| Operating Income | $186.5M | $123.2M | -$114.9M | -$18.9M | -$56.2M | -$18.9M | -$56.2M |
| Income Tax | $37.9M | -$158.6M | $233.0K | $16.0K | $0 | $16.0K | $0 |
| Net Income | $109.2M | $169.7M | -$36.1M | -$36.1M | -$36.1M | -$9.3M | -$54.2M |
| Shares Outstanding | - | - | - | 87.8M | - | - | - |
| Operating Margin | 20.7% | 16.0% | -45.3% | -8.2% | -29.2% | -8.2% | -29.2% |
| Profit Margin | 12.1% | 22.0% | -14.2% | -15.6% | -18.8% | -4.0% | -28.2% |