CLEAR SECURE, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $900.8M | $770.5M | $613.6M | $437.4M | $254.0M | $230.8M | $192.3M |
| Cost of Revenue | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — |
| Operating Expenses | |||||||
| Research & Development | $72.4M | $73.4M | $74.4M | $66.8M | $47.5M | $32.0M | $21.2M |
| SG&A Expense | $232.4M | $217.5M | $222.4M | $278.2M | $168.9M | $118.2M | $91.6M |
| Operating Income | $186.5M | $123.2M | $20.1M | $-129.1M | $-114.9M | $-18.9M | $-56.2M |
| Operating Margin | 20.7% | 16.0% | 3.3% | -29.5% | -45.3% | -8.2% | -29.2% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $206.1M | $66.6M | $50.6M | $-117.5M | $-114.9M | $-9.3M | $-54.2M |
| Income Tax Expense | $37.9M | $-158.6M | $724.0K | $-2.1M | $233.0K | $16.0K | $0 |
| Net Income | $109.2M | $169.7M | $28.1M | $-65.6M | $-36.1M | $-9.3M | $-54.2M |
| Net Margin | 12.1% | 22.0% | 4.6% | -15.0% | -14.2% | -4.0% | -28.2% |
| EPS (Basic) | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | — | — | — | 87.8M | — | — | — |
| Shares Outstanding (Diluted) | — | — | — | 87.8M | — | — | — |
| Dividends Per Share | — | — | — | — | — | — | — |