Clear Secure (YOU) FY2024 results: revenue $770 million, up 25.6% on the year
Clear Secure, Inc. (YOU) reported revenue of $770 million for fiscal 2024, the year ended 31 December 2024, up 25.6% on the year before. Net income was $170 million, up 503.7%, and diluted earnings per share $1.56. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$770 million
+25.6% on the year
FY2019FY2024
Operating margin
16.0%
3.3% a year earlier
FY2019FY2024
Net income
$170 million
+503.7% on the year
FY2019FY2024
Diluted EPS
$1.56
+403.2% on the year
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
296
225
168
+31.4%
Capital expenditure
12.0
25.6
31.4
-53.0%
Free cash flow
284
199
137
+42.2%
Free cash flow margin
36.8%
32.5%
31.3%
Cash from investing
114
-15.5
-360
Cash from financing
-402
-216
-48.9
Depreciation and amortisation
26.5
21.6
18.8
+22.3%
Share-based compensation
35.3
37.3
138
-5.2%
Dividends paid
39.4
14.5
0.0
+172.1%
Diluted shares, weighted
n/a
91m
81m
Shares outstanding at period end
n/a
n/a
88m
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
198
233
291
-15.0%
Non-controlling interest
39.6
136
220
-70.9%
Debt
0.0
0.0
0.0
Operating lease liabilities
115
122
125
-5.4%
Other liabilities
842
554
401
+51.9%
Total liabilities and equity
1,195
1,045
1,038
+14.3%
Fixed assets
56.9
62.6
57.9
-9.2%
Goodwill
62.8
62.8
58.8
0.0%
Intangible assets
15.3
20.8
22.3
-26.5%
Investments
543
665
666
-18.4%
Cash and equivalents
66.9
57.9
38.9
+15.5%
Receivables
0.5
0.5
1.2
-2.9%
Other assets
450
175
193
+156.9%
Total assets
1,195
1,045
1,038
+14.3%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.