CLEAR SECURE, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $109.2M | $169.7M | $28.1M | $-65.6M | $-36.1M | $-9.3M | $-54.2M |
| Depreciation & Amortization | $34.6M | $26.5M | $21.6M | $18.8M | $12.4M | $9.4M | $7.3M |
| Depreciation | $23.9M | $21.7M | $18.2M | $15.5M | $12.4M | $9.4M | $7.3M |
| Amortization | $10.7M | $4.7M | $3.4M | $3.3M | $54.0K | $17.0K | $9.0K |
| Stock-Based Compensation | $38.9M | $35.3M | $37.3M | $138.5M | $36.5M | $3.4M | $14.7M |
| Net Cash from Operating Activities | $372.5M | $295.7M | $225.0M | $168.3M | $69.7M | $-12.3M | $16.6M |
| Investing Activities | |||||||
| Capital Expenditures | $29.3M | $12.0M | $25.6M | $31.4M | $28.1M | $16.5M | $14.7M |
| Business Acquisitions | $0 | $0 | $3.8M | $0 | $75.8M | $0 | $0 |
| Net Cash from Investing Activities | $-97.1M | $113.8M | $-15.5M | $-359.6M | $-403.2M | $-21.6M | $-25.8M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-257.3M | $-401.5M | $-216.0M | $-48.9M | $503.4M | $-63.0M | $180.4M |
| Net Change in Cash | — | — | — | $-240.2M | $169.9M | $-97.0M | $171.2M |
| Free Cash Flow | $343.1M | $283.7M | $199.5M | $136.9M | $41.6M | $-28.8M | $1.9M |