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Clear Secure YOU Deferred Revenue

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Other financials

Income statement

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Revenue$277.8M+26.6%
Operating income$83.0M+94.9%
Net income$50.1M+102%
EPS (diluted)$0.49+88.5%

Balance sheet

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Cash & equivalents$131.1M+42.4%
Total debt$109.8M-4.6%
Total equity$206.2M+70.0%
Total assets$1.6B+33.8%

Cash flow

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Operating cash flow$201.2M+63.6%
CapEx$12.2M+141%
Free cash flow$189.0M+60.3%

Valuation

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Market cap$5.27B+71.2%
Enterprise value$5.25B+69.2%
P/E35.6×+18.2×
P/S5.3×+1.6×

Profitability

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Operating margin25.1%+7.3pp
Net margin14.8%-6.4pp
FCF margin39.9%+3.0pp

Returns & leverage

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Return on equity90.3%-38.4pp
Debt / equity0.5×-0.4×
Current ratio+0.2×

Where this comes from

Reported directly by Clear Secure in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The source filing: Clear Secure’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 8:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001856314-26-000042
Line itemJune 30,2026December 31,2025
Current liabilities:
Accounts payable$6,175$7,156
Accrued liabilities404,692236,543
Deferred revenue572,989516,201
Total current liabilities983,856759,900
Other long term liabilities351,313339,107
Total liabilities1,335,1691,099,007
Commitments and contingencies (Note 16)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Clear Secure's deferred revenue?
Clear Secure (YOU) reported deferred revenue of $572.99M in Q2 2026.
How has Clear Secure's deferred revenue changed year-over-year?
Clear Secure's deferred revenue increased by 30.5% year-over-year, from $438.92M to $572.99M.
What is the long-term trend for Clear Secure's deferred revenue?
Over 5 years (2020 to 2025), Clear Secure's deferred revenue has grown at a 38.4% compound annual growth rate (CAGR), from $101.54M to $516.2M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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