The Tip Desk

Clear Secure, Inc.

Company Stats

Market Cap
$5.7B
as of Sep 30, 2026
Shares Outstanding
135.4M
Free Float
25.1%

Income Statement

Revenue
$900.8M
Operating Income
$186.5M
Net Income
$109.2M
EBITDA
$221.1M
Revenue Growth, 3Y
27.2%
FCF Margin, 3Y Avg
35.8%
FCF Margin, Worst Year
32.5%

Cash Flow

Free Cash Flow
$343.1M
FCF Yield
6.0%
Owner FCF Yield
5.4%

Balance Sheet

Cash & Equivalents
$85.7M

Returns & Capital

Dividends Paid
$47.8M
Dividend Yield
0.8%
Dividend Payout, 3Y Avg
39.5%
Share Repurchases
$126.3M
Buyback Yield, 3Y Avg
2.8%
SBC, 3Y Avg
$37.2M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$900.8M$343.1M38.1%
FY2024$770.5M$283.7M36.8%
FY2023$613.6M$199.5M32.5%
FY2022$437.4M$136.9M31.3%
FY2021$254.0M$41.6M16.4%

Annual filing data through FY ended December 31, 2025; shares and float as of November 5, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage