Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $192M | $231M | $254M | $437M | $614M | $770M | $901M |
| Revenue growth | — | 20.0% | 10.0% | 72.2% | 40.3% | 25.6% | 16.9% |
| Operating income | -$56.2M | -$18.9M | -$115M | -$129M | $20.1M | $123M | $186M |
| Operating margin | -29.2% | -8.2% | -45.3% | -29.5% | 3.3% | 16.0% | 20.7% |
| Net income | -$54.2M | -$9.31M | -$36.1M | -$65.6M | $28.1M | $170M | $109M |
| Net margin | -28.2% | -4.0% | -14.2% | -15.0% | 4.6% | 22.0% | 12.1% |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $16.6M | -$12.3M | $69.7M | $168M | $225M | $296M | $372M |
| Capital expenditures | $14.7M | $16.5M | $28.1M | $31.4M | $25.6M | $12.0M | $29.3M |
| Free cash flow | $1.89M | -$28.8M | $41.6M | $137M | $199M | $284M | $343M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $236M | $116M | $280M | $38.9M | $57.9M | $66.9M | $85.7M |
| Total assets | — | $232M | $813M | $1.04B | $1.05B | $1.19B | $1.30B |
| Total liabilities | — | $150M | $273M | $527M | $676M | $957M | $1.10B |
| Shareholders' equity | — | -$487M | $278M | $291M | $233M | $198M | $178M |
| Retained earnings | — | -$495M | -$36.1M | -$102M | -$73.7M | $83.8M | $120M |
| Shares (wtd avg diluted) | — | — | — | 87.8M | — | — | — |
Every figure is extracted from Clear Secure, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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