YOU (Clear Secure, Inc.) Stock Financials & Earnings | Market Cap Arena

YOU (Clear Secure, Inc.) Stock Financials & Earnings | Market Cap Arena

YOUClear Secure, Inc.

Mkt Cap$4B

Technology·Software - Application·🇺🇸 United States·NYSE

Revenue (TTM)$901M

Net Income (TTM)$244M

EPS (TTM)$1.12

Free Cash Flow (TTM)$343M

Gross Margin85.8%

Op. Margin20.7%

Net Margin27.1%

FCF Margin38.1%

P/S Ratio (TTM)4.9x

P/E Ratio (TTM)18.1x

YoY Rev Growth+16.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$132M	$80M	-$15M
Q2 23	$150M	$94M	$217K
Q3 23	$160M	$102M	$19M
Q4 23	$171M	$106M	$16M
Q1 24	$179M	$114M	$24M
Q2 24	$187M	$121M	$30M
Q3 24	$198M	$125M	$35M
Q4 24	$206M	$129M	$34M
Q1 25	$211M	$131M	$37M
Q2 25	$219M	$141M	$43M
Q3 25	$229M	$150M	$53M
Q4 25	$241M	$352M	$54M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	9.2x	—
Q2 23	8.4x	—
Q3 23	7.7x	1574.3x
Q4 23	7.2x	157.2x
Q1 24	6.7x	84.7x
Q2 24	6.3x	61.1x
Q3 24	6.0x	55.0x
Q4 24	5.7x	26.0x
Q1 25	5.5x	25.1x
Q2 25	5.3x	25.0x
Q3 25	5.1x	24.3x
Q4 25	4.9x	18.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$61M	$51M
Q2 23	$75M	$67M
Q3 23	-$5M	-$9M
Q4 23	$94M	$90M
Q1 24	$80M	$77M
Q2 24	$115M	$110M
Q3 24	-$36M	-$38M
Q4 24	$137M	$134M
Q1 25	$98M	$91M
Q2 25	$123M	$118M
Q3 25	-$47M	-$53M
Q4 25	$198M	$187M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$9M
Q2 23	$8M
Q3 23	$4M
Q4 23	$4M
Q1 24	$3M
Q2 24	$5M
Q3 24	$2M
Q4 24	$3M
Q1 25	$7M
Q2 25	$5M
Q3 25	$6M
Q4 25	$11M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+46.2%	+35.5%
Q2 23	+45.9%	+29.2%
Q3 23	+38.4%	-22.3%
Q4 23	+33.3%	-3.1%
Q1 24	+35.3%	+5.4%
Q2 24	+24.6%	+4.5%
Q3 24	+23.7%	+15.8%
Q4 24	+20.7%	+10.9%
Q1 25	+18.1%	+12.0%
Q2 25	+17.5%	+13.1%
Q3 25	+15.5%	+8.1%
Q4 25	+16.7%	+8.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$17M	12.6%
Q2 23	$14M	9.5%
Q3 23	$4M	2.6%
Q4 23	$2M	1.3%
Q1 24	$11M	6.0%
Q2 24	$10M	5.5%
Q3 24	$6M	3.1%
Q4 24	$8M	4.0%
Q1 25	$8M	3.7%
Q2 25	$10M	4.7%
Q3 25	$10M	4.2%
Q4 25	$11M	4.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$22M	$58M	$10M
Q2 23	$22M	$56M	$11M
Q3 23	$12M	$56M	$10M
Q4 23	$18M	$52M	$13M
Q1 24	$20M	$53M	$12M
Q2 24	$17M	$55M	$11M
Q3 24	$17M	$54M	$12M
Q4 24	$18M	$55M	$15M
Q1 25	$19M	$55M	$13M
Q2 25	$18M	$59M	$14M
Q3 25	$21M	$58M	$14M
Q4 25	$17M	$61M	$13M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	46.2%	-7.5%	38.7
Q2 23	45.9%	3.5%	49.4
Q3 23	38.4%	15.3%	53.7
Q4 23	33.3%	12.8%	46.1
Q1 24	35.3%	16.6%	51.9
Q2 24	24.6%	19.7%	44.3
Q3 24	23.7%	21.2%	44.9
Q4 24	20.7%	19.9%	40.6
Q1 25	18.1%	20.8%	38.8
Q2 25	17.5%	22.5%	40.0
Q3 25	15.5%	28.3%	43.8
Q4 25	16.7%	30.8%	47.5

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$39M	$709M	$748M
Q2 23	$57M	$708M	$765M
Q3 23	$64M	$673M	$737M
Q4 23	$58M	$665M	$723M
Q1 24	$64M	$634M	$698M
Q2 24	$39M	$631M	$670M
Q3 24	$33M	$512M	$545M
Q4 24	$67M	$543M	$609M
Q1 25	$88M	$442M	$530M
Q2 25	$89M	$516M	$606M
Q3 25	$76M	$455M	$531M
Q4 25	$86M	$614M	$700M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	91M	+4.3%
Q2 23	91M	+0.8%
Q3 23	91M	-0.4%
Q4 23	91M	+0.5%
Q1 24	93M	+2.2%
Q2 24	94M	+0.1%
Q3 24	94M	+0.8%
Q4 24	118M	+25.2%
Q1 25	98M	-17.4%
Q2 25	95M	-2.5%
Q3 25	98M	+2.9%
Q4 25	97M	-0.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	$113K	2K
FY 22	$143K	3K
FY 23	$166K	4K
FY 24	$192K	4K
FY 25	$243K	4K