What is Clear Secure's net debt?

Clear Secure (YOU) reported net debt of -$62.26M in Q1 2026.

How has Clear Secure's net debt changed year-over-year?

Clear Secure's net debt decreased by 315.5% year-over-year, from $28.89M to -$62.26M.

What is the long-term trend for Clear Secure's net debt?

Over 4 years (2021 to 2025), Clear Secure's net debt has grown at a -46.0% compound annual growth rate (CAGR), from -$279.99M to $23.83M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Clear Secure YOU Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

WingstopWING

5.3×-0.3×

PBF EnergyPBF

0.6×+0.4×

SeaboardSEB

2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Liberty GlobalLBTYB

8.1×-1.0×

Other financials

Income statement

See full

Revenue$253.0M+19.7%

Operating income$62.0M+65.8%

Net income$38.8M+52.7%

EPS (diluted)$0.38+46.2%

Balance sheet

See full

Cash & equivalents$173.5M+91.4%

Total debt$111.3M-6.9%

Total equity$185.3M+58.8%

Total assets$1.4B+28.0%

Cash flow

See full

Operating cash flow$190.4M+93.6%

CapEx$4.9M-31.2%

Free cash flow$185.5M+103%

Valuation

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Market cap$5.18B+91.7%

Profitability

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Operating margin22.4%+5.3pp

Net margin13%-9.0pp

FCF margin39.9%+3.0pp

Returns & leverage

See full

Return on equity81.2%-43.6pp

Debt / equity0.6×-0.4×

Current ratio1×+0.2×

Where this comes from

Calculated from Clear Secure’s reported figures.

$111.3Mtotal debt−$173.5Mcash and equivalents=-$62.26M

The official record: Clear Secure’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Clear Secure's net debt?: Clear Secure (YOU) reported net debt of -$62.26M in Q1 2026.
How has Clear Secure's net debt changed year-over-year?: Clear Secure's net debt decreased by 315.5% year-over-year, from $28.89M to -$62.26M.
What is the long-term trend for Clear Secure's net debt?: Over 4 years (2021 to 2025), Clear Secure's net debt has grown at a -46.0% compound annual growth rate (CAGR), from -$279.99M to $23.83M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.