Clear Secure Inc. (YOU) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
85 10TH AVE., 9TH FLOOR NEW YORK, NY 10011 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 723,097 | 704,749 | 615,335 | |||
| Cash and cash equivalents | 57,900 | 38,939 | 280,107 | |||
| Short-term investments | 665,197 | 665,810 | 335,228 | |||
| Receivables | 526 | 1,169 | 5,331 | |||
| Prepaid expense | 1,946 | 2,613 | 2,845 | |||
| Other current assets | 8,755 | 5,120 | 12,912 | |||
| Other undisclosed current assets | 35,710 | 27,949 | 16,655 | |||
| Total current assets: | 770,034 | 741,600 | 653,078 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 115,874 | 123,880 | ||||
| Property, plant and equipment | 62,611 | 57,924 | 44,522 | |||
| Intangible assets, net (including goodwill) | 83,582 | 81,099 | 82,725 | |||
| Goodwill | 62,757 | 58,807 | 59,792 | |||
| Intangible assets, net (excluding goodwill) | 20,825 | 22,292 | 22,933 | |||
| Restricted cash and investments | 4,501 | 29,945 | 29,019 | |||
| Other noncurrent assets | 8,407 | 3,069 | 3,406 | |||
| Total noncurrent assets: | 274,975 | 295,917 | 159,672 | |||
| TOTAL ASSETS: | 1,045,009 | 1,037,517 | 812,750 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 175,796 | 114,021 | 76,028 | |||
| Accounts payable | 11,781 | 7,951 | 8,808 | |||
| Accrued liabilities | 164,015 | 106,070 | 67,220 | |||
| Deferred revenue | 376,253 | 283,452 | 188,563 | |||
| Total current liabilities: | 552,049 | 397,473 | 264,591 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 123,736 | 129,123 | 8,691 | |||
| Other liabilities | 123,736 | 129,123 | 8,691 | |||
| Total noncurrent liabilities: | 123,736 | 129,123 | 8,691 | |||
| Total liabilities: | 675,785 | 526,596 | 273,282 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 233,329 | 291,065 | 277,613 | |||
| Additional paid in capital | 304,992 | 394,390 | 313,845 | |||
| Accumulated other comprehensive income (loss) | 2,050 | (1,529) | (103) | |||
| Accumulated deficit | (73,714) | (101,797) | (36,130) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | |||
| Equity, attributable to noncontrolling interest | 135,895 | 219,856 | 261,855 | |||
| Total equity: | 369,224 | 510,921 | 539,468 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,045,009 | 1,037,517 | 812,750 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 613,579 | 437,434 | 253,953 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (142,820) | (104,787) | (67,730) | ||
| Gross profit: | 470,759 | 332,647 | 186,223 | ||
| Operating expenses | (340,325) | (386,652) | (251,592) | ||
| Other undisclosed operating loss | (110,296) | (75,059) | (49,564) | ||
| Operating income (loss): | 20,138 | (129,064) | (114,933) | ||
| Nonoperating income (expense) | 30,474 | 11,566 | (5) | ||
| Investment income, nonoperating | 29,013 | 6,586 | (349) | ||
| Other nonoperating income | 1,461 | 4,980 | 344 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 50,612 | (117,498) | (114,938) | ||
| Other undisclosed income from continuing operations before income taxes | |||||
| Income (loss) from continuing operations before income taxes: | 50,612 | (117,498) | (114,938) | ||
| Income tax expense (benefit) | (724) | 2,062 | (233) | ||
| Income (loss) from continuing operations: | 49,888 | (115,436) | (115,171) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (115,171) | |
| Net income (loss): | 49,888 | (115,436) | (115,171) | ||
| Net income (loss) attributable to noncontrolling interest | (21,780) | 49,863 | 79,089 | ||
| Net income (loss) available to common stockholders, diluted: | 28,108 | (65,573) | (36,082) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | 49,888 | (115,436) | (115,171) | ||
| Other comprehensive income (loss) | 5,941 | (2,670) | (171) | ||
| Comprehensive income (loss): | 55,829 | (118,106) | (115,342) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (24,142) | 51,107 | 79,156 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 31,687 | (66,999) | (36,186) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.