Clear Secure, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
YOU$55.09-1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(dollars in thousands, except share and per share data)
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $85,734 | $66,892 |
| Marketable securities | 614,439 | 542,605 |
| Accounts receivable | 1,925 | 511 |
| Prepaid revenue share fee | 29,679 | 24,652 |
| Prepaid expenses and other current assets | 32,837 | 27,558 |
| Total current assets | 764,614 | 662,218 |
| Property and equipment, net | 59,331 | 56,869 |
| Right of use asset, net | 100,048 | 108,885 |
| Intangible assets, net | 2,753 | 15,300 |
| Goodwill | 62,684 | 62,757 |
| Restricted cash | 2,764 | 3,456 |
| Other assets | 311,198 | 285,447 |
| Total assets | $1,303,392 | $1,194,932 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $7,156 | $18,020 |
| Accrued liabilities | 236,543 | 185,281 |
| Deferred revenue | 516,201 | 439,753 |
| Total current liabilities | 759,900 | 643,054 |
| Other long term liabilities | 339,107 | 313,938 |
| Total liabilities | 1,099,007 | 956,992 |
| Commitments and contingencies (Note 18) | ||
| Class A Common Stock, $0.00001 par value - 1,000,000,000 shares authorized; 97,988,039 and 97,986,631 shares issued and outstanding, respectively, as of December 31, 2025 and 96,794,826 shares issued and outstanding as of December 31, 2024 | 1 | 1 |
| Class B Common Stock, $0.00001 par value—100,000,000 shares authorized; 351,787 and 677,234 shares issued and outstanding as of December 31, 2025 and 2024, respectively. | — | — |
| Class C Common Stock, $0.00001 par value—200,000,000 shares authorized; 15,745,891 and 15,287,620 shares issued and outstanding as of December 31, 2025 and 2024, respectively | — | — |
| Class D Common Stock, $0.00001 par value—100,000,000 shares authorized; 19,130,246 and 24,896,690 shares issued and outstanding as of December 31, 2025 and 2024, respectively | — | — |
| Accumulated other comprehensive income | 840 | 343 |
| Treasury stock at cost, 0 shares as of December 31, 2025 and 2024, respectively | — | — |
| Retained earnings | 119,791 | 83,778 |
| Additional paid-in capital | 57,102 | 114,231 |
| Total stockholders’ equity attributable to Clear Secure, Inc. | 177,734 | 198,353 |
| Non-controlling interest | 26,651 | 39,587 |
| Total stockholders’ equity | 204,385 | 237,940 |
| Total liabilities and stockholders’ equity | $1,303,392 | $1,194,932 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.