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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$5.46B+75.0%
Enterprise value$5.44B+73.1%
P/E36.9×+19.3×
P/S5.5×+1.7×

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:GeneralAndAdministrativeExpense.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of direct salaries and benefits47,99747,69996,24998,441
Research and development17,77218,22937,22337,228
Sales and marketing17,15214,48533,10627,871
General and administrative65,93458,532129,571113,270
Depreciation and amortization6,6616,76813,49113,300
Operating income82,95242,556144,95379,960
Other income (expense):
Interest income, net7,9325,80514,69311,958

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Clear Secure's G&A?
Clear Secure (YOU) reported G&A of $65.93M in Q2 2026.
How has Clear Secure's G&A changed year-over-year?
Clear Secure's G&A increased by 12.6% year-over-year, from $58.53M to $65.93M.
What is the long-term trend for Clear Secure's G&A?
Over 4 years (2021 to 2025), Clear Secure's G&A has grown at a 8.3% compound annual growth rate (CAGR), from $168.9M to $232.38M.
What does G&A mean?
Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

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