Financials in USD. Standardized financial statements.
A compact view of how Clear Secure, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $900.78M | $770.49M | $613.58M | $437.43M | $253.95M | $230.80M | $192.28M |
| Revenue Growth? | +16.9% | +25.6% | +40.3% | +72.2% | +10.0% | +20.0% | 0.0% |
| Cost of Revenue? | $127.85M | $281.15M | $231.47M | $161.05M | $104.94M | $73.72M | $92.32M |
| Gross Profit? | $772.93M | $489.34M | $382.11M | $276.38M | $149.02M | $157.08M | $99.97M |
| Gross Margin? | +85.8% | +63.5% | +62.3% | +63.2% | +58.7% | +68.1% | +52.0% |
| Operating Expenses? | $586.45M | $366.15M | $361.97M | $405.44M | $263.95M | $176.01M | $156.13M |
| Operating Income? | $186.48M | $123.19M | $20.14M | -$129.06M | -$114.93M | -$18.93M | -$56.16M |
| EBITDA? | $240.69M | $149.67M | $41.79M | -$110.27M | -$102.58M | -$9.51M | -$48.85M |
| Income Before Tax | $206.07M | $66.63M | $50.61M | -$117.50M | -$114.94M | -$9.29M | -$54.22M |
| Income Tax Expense | $37.92M | -$158.65M | $724,000 | -$2.06M | $233,000 | $16,000 | $0 |
| Net Income? | $109.17M | $169.68M | $28.11M | -$65.57M | -$36.08M | -$9.31M | -$54.22M |
| EPS? | $1.14 | $1.81 | $0.31 | $-1.41 | $-1.49 | $-0.14 | $-0.36 |
| Diluted EPS? | $1.12 | $1.56 | $0.31 | $-1.41 | $-1.49 | $-0.14 | $-0.71 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality