Clear Secure, Inc.
YOUNYSETechnology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $900.8M | $770.5M | $613.6M | $437.4M | $254.0M | $230.8M |
| Operating income | $186.5M | $123.2M | $20.1M | −$129.1M | −$114.9M | −$18.9M |
| Net income | $109.2M | $169.7M | $28.1M | −$65.6M | −$36.1M | −$9.3M |
| Total assets | $1.30B | $1.19B | $1.05B | $1.04B | $812.8M | $232.3M |
| Total liabilities | $1.10B | $957.0M | $675.8M | $526.6M | $273.3M | $149.9M |
| Equity | $177.7M | $198.4M | $233.3M | $291.1M | $277.6M | −$486.9M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | — | — | — | 87.8M | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 20.7%
- Net margin
- 12.1%
- Return on equity
- 61.4%
- Return on assets
- 8.4%
- Return on capital (ROCE)
- 34.3%
- Liabilities / assets
- 84.3%
- Debt / equity
- 6.18×
- Book value / share
- —
- Revenue growth (YoY)
- 16.9%
- Net income growth (YoY)
- −35.7%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 1.45grey zone
- Accruals / assets
- −20.2%clean
- Piotroski F-Score
- 5/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 5 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Altman Z″ in the grey zone
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 2, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Portfolio Management LlcPassive (13G)Apr 29, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Durable Capital Partners LpPassive (13G)Feb 17, 2026
- Blackrock, Inc.Passive (13G)Oct 17, 2025
- Miller William H IiiPassive (13G)Sep 23, 2025
- Alclear Investments Ii, LlcPassive (13G)Aug 14, 2025
- Fmr LlcPassive (13G)May 12, 2025
- Delta Air Lines, Inc.Passive (13G)Feb 11, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 8.7M | 4.7 | -8.4% |
| Apr 30, 2026 | 9.5M | 6.8 | -7.1% |
| Apr 15, 2026 | 10.2M | 7.3 | -4.9% |
| Mar 31, 2026 | 10.8M | 4.9 | -1.6% |
| Mar 13, 2026 | 10.9M | 6.7 | +3.7% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 6, 2026
- Director / officer changeMar 19, 2026
- Results of operationsFeb 25, 2026
- Results of operationsNov 6, 2025
- Results of operationsAug 5, 2025
- Shareholder voteJun 9, 2025
- Results of operationsMay 8, 2025
- Results of operations · Director / officer changeFeb 26, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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