Clear Secure, Inc. (YOU) Balance Sheet
YOU balance sheet, 2025
December 31, 2025 · U.S. dollars$1.30B assets = $1.10B liabilities + $204.4M equity
Both columns are drawn to the same scale: what YOU owns equals what it owes plus shareholders’ equity. Hover a block for its value.
YOU financial health
Descriptive bands, not a rating. Fiscal 2025.
YOU balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $318.9M2019 | $1.30B2025 | +26.4%/yr | |
| Total liabilities | $167.0M2019 | $1.10B2025 | +36.9%/yr | |
| Shareholders’ equity | $151.9M2019 | $177.7M2025 | +2.7%/yr | |
| Cash & short-term investments | $247.3M2019 | $700.2M2025 | +18.9%/yr | |
| Total debt | $18.3M2019 | $02025 | −100.0% | |
| Net cash (debt) | $229.0M2019 | $700.2M2025 | +$471.2M | |
| Working capital | $97.9M2019 | $4.7M2025 | −$93.2M | |
| Book value per share | $2.072019 | $1.832025 | −2.0%/yr | |
| Current ratio | 1.602019 | 1.012025 | −0.59 | |
| Debt / equity | 0.122019 | 0.002025 | −0.12 | |
| Shares outstanding | 73.5M2019 | 97.3M2025 | +4.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
YOU assets
YOU liabilities and equity
YOU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
YOU balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $700.2M | $609.5M | $723.1M | $704.7M | $615.3M | $154.0M | $247.3M |
| Cash & equivalents | $85.7M | $66.9M | $57.9M | $38.9M | $280.1M | $116.2M | $213.9M |
| Short-term investments | $614.4M | $542.6M | $665.2M | $665.8M | $335.2M | $37.8M | $33.4M |
| Receivables | $1.9M | $511,000 | $526,000 | $1.2M | $5.3M | $912,000 | $1.1M |
| Inventory | $0 | $0 | $37.7M | $30.6M | $19.5M | $13.0M | $10.2M |
| Other current assets | $62.5M | $52.2M | $8.8M | $5.1M | $12.9M | $3.7M | $3.0M |
| Total current assets | $764.6M | $662.2M | $770.0M | $741.6M | $653.1M | $171.6M | $261.5M |
| Property, plant & equipment (net) | $159.4M | $165.8M | $178.5M | $181.8M | $44.5M | $35.2M | $26.9M |
| Goodwill & intangible assets | $65.4M | $78.1M | $83.6M | $81.1M | $82.7M | $1.6M | $1.2M |
| Long-term investments | $2.8M | $7.0M | $6.5M | $459,000 | $459,000 | $459,000 | $459,000 |
| Other non-current assets | $311.2M | $281.9M | $6.4M | $32.6M | $32.0M | $23.4M | $28.8M |
| Total assets | $1.30B | $1.19B | $1.05B | $1.04B | $812.8M | $232.3M | $318.9M |
| Liabilities | |||||||
| Accounts payable | $7.2M | $18.0M | $11.8M | $8.0M | $8.8M | $8.5M | $7.1M |
| Short-term debt | $0 | $6.2M | $5.7M | $5.0M | $0 | $18.3M | $18.3M |
| Deferred revenue | $516.2M | $439.8M | $376.3M | $283.5M | $188.6M | $101.5M | $121.3M |
| Total current liabilities | $759.9M | $643.1M | $552.0M | $397.5M | $264.6M | $146.1M | $163.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $112.3M | $121.3M | $127.4M | $130.1M | $0 | — | — |
| Other long-term liabilities | $339.1M | $313.9M | $123.7M | $129.1M | $8.7M | $3.8M | $3.3M |
| Total liabilities | $1.10B | $957.0M | $675.8M | $526.6M | $273.3M | $149.9M | $167.0M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $569.3M | $435.2M |
| Retained earnings (deficit) | $119.8M | $83.8M | −$73.7M | −$101.8M | −$36.1M | −$494.8M | −$291.4M |
| Accumulated other comprehensive income | $840,000 | $343,000 | $2.0M | −$1.5M | −$103,000 | $27,000 | $3,000 |
| Minority interest | $26.7M | $39.6M | $135.9M | $219.9M | — | — | — |
| Total shareholders' equity | $177.7M | $198.4M | $233.3M | $291.1M | $277.6M | $82.4M | $151.9M |
| Key figures | |||||||
| Total debt | $0 | $121.3M | $127.4M | $130.1M | $0 | $18.3M | $18.3M |
| Net cash (debt) | $700.2M | $488.2M | $595.7M | $574.6M | $615.3M | $135.7M | $229.0M |
| Working capital | $4.7M | $19.2M | $218.0M | $344.1M | $388.5M | $25.5M | $97.9M |
| Tangible book value | $112.3M | $120.3M | $149.7M | $210.0M | $194.9M | $80.8M | $150.7M |
| Book value per share | $1.83 | $1.37 | $2.55 | $3.54 | $3.59 | $1.26 | $2.07 |
| Shares outstanding | 97.3M | 144.5M | 91.6M | 82.1M | 77.4M | 65.4M | 73.5M |
| Current ratio | 1.01 | 1.03 | 1.39 | 1.87 | 2.47 | 1.17 | 1.60 |
| Quick ratio | 0.92 | 0.95 | 1.31 | 1.78 | 2.35 | 1.06 | 1.52 |
| Debt / equity | 0.00 | 0.61 | 0.55 | 0.45 | 0.00 | 0.22 | 0.12 |
| Equity / assets | 13.6% | 16.6% | 22.3% | 28.1% | 34.2% | 35.5% | 47.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $959.3M | $800.1M | $700.2M | $530.6M | $605.7M | $529.9M | $609.5M | $544.7M | $669.6M | $698.5M | $723.1M | $736.6M |
| Cash & equivalents | $128.2M | $170.7M | $85.7M | $75.8M | $89.3M | $87.6M | $66.9M | $32.9M | $39.1M | $64.1M | $57.9M | $63.5M |
| Short-term investments | $831.0M | $629.4M | $614.4M | $454.9M | $516.4M | $442.3M | $542.6M | $511.8M | $630.5M | $634.3M | $665.2M | $673.0M |
| Receivables | $1.3M | $1.1M | $1.9M | $1.6M | $1.1M | $512,000 | $511,000 | $639,000 | $1.1M | $621,000 | $526,000 | $736,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $37.7M | $34.8M |
| Other current assets | $63.0M | $63.7M | $62.5M | $56.8M | $46.8M | $51.5M | $52.2M | $50.4M | $43.0M | $44.6M | $8.8M | $9.0M |
| Total current assets | $1.02B | $864.9M | $764.6M | $589.0M | $653.6M | $581.9M | $662.2M | $595.7M | $713.8M | $743.6M | $770.0M | $781.0M |
| Property, plant & equipment (net) | $159.9M | $156.7M | $159.4M | $156.5M | $157.0M | $162.7M | $165.8M | $168.8M | $171.9M | $174.4M | $178.5M | $183.2M |
| Goodwill & intangible assets | $65.2M | $65.3M | $65.4M | $72.9M | $74.0M | $77.0M | $78.1M | $79.6M | $81.0M | $82.8M | $83.6M | $84.4M |
| Long-term investments | $2.8M | $2.8M | $2.8M | $2.8M | $2.8M | $7.0M | $7.0M | $7.0M | $7.5M | $7.5M | $6.5M | $6.5M |
| Other non-current assets | $326.9M | $332.5M | $311.2M | $304.5M | $292.7M | $282.8M | $281.9M | $7.4M | $8.2M | $8.7M | $6.4M | $6.8M |
| Total assets | $1.58B | $1.42B | $1.30B | $1.13B | $1.18B | $1.11B | $1.19B | $858.6M | $982.4M | $1.02B | $1.05B | $1.06B |
| Liabilities | ||||||||||||
| Accounts payable | $6.2M | $6.5M | $7.2M | $8.4M | $6.8M | $6.1M | $18.0M | $10.9M | $8.9M | $7.1M | $11.8M | $14.1M |
| Short-term debt | $6.0M | — | $0 | $0 | $5.5M | $6.0M | $6.2M | $6.0M | $5.9M | $5.8M | $5.7M | $5.6M |
| Deferred revenue | $573.0M | $554.9M | $516.2M | $469.8M | $438.9M | $435.5M | $439.8M | $417.1M | $388.0M | $377.8M | $376.3M | $351.9M |
| Total current liabilities | $983.9M | $860.0M | $759.9M | $632.7M | $749.6M | $688.4M | $643.1M | $557.7M | $633.3M | $624.8M | $552.0M | $478.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $109.8M | $111.3M | $112.3M | $113.7M | $115.0M | $119.6M | $121.3M | $123.1M | $124.6M | $126.0M | $127.4M | $128.7M |
| Other long-term liabilities | $351.3M | $348.6M | $339.1M | $327.1M | $303.8M | $297.0M | $313.9M | $119.9M | $120.8M | $123.0M | $123.7M | $125.3M |
| Total liabilities | $1.34B | $1.21B | $1.10B | $959.7M | $1.05B | $985.3M | $957.0M | $677.5M | $754.1M | $747.8M | $675.8M | $603.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | $158.3M | $123.4M | $119.8M | $101.2M | $85.1M | $72.1M | $83.8M | −$7.3M | −$30.8M | −$54.9M | −$73.7M | −$87.7M |
| Accumulated other comprehensive income | −$753,000 | −$315,000 | $840,000 | $808,000 | $587,000 | $522,000 | $343,000 | $1.5M | −$561,000 | $215,000 | $2.0M | −$494,000 |
| Minority interest | $36.9M | $28.3M | $26.7M | $17.4M | $5.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $206.2M | $185.3M | $177.7M | $148.6M | $121.3M | $116.7M | $198.4M | $129.0M | $153.5M | $165.9M | $233.3M | $275.9M |
| Key figures | ||||||||||||
| Total debt | $109.8M | — | $0 | $0 | $115.0M | $119.6M | $121.3M | $123.1M | $124.6M | $126.0M | $127.4M | $128.7M |
| Net cash (debt) | $849.5M | — | $700.2M | $530.6M | $490.7M | $410.3M | $488.2M | $421.6M | $545.0M | $572.4M | $595.7M | $607.9M |
| Working capital | $39.7M | $4.9M | $4.7M | −$43.6M | −$96.0M | −$106.5M | $19.2M | $38.1M | $80.5M | $118.9M | $218.0M | $302.8M |
| Tangible book value | $141.0M | $120.0M | $112.3M | $75.6M | $47.4M | $39.7M | $120.3M | $49.3M | $72.6M | $83.0M | $149.7M | $191.5M |
| Book value per share | $2.01 | $1.83 | $1.83 | $1.52 | $1.28 | $1.20 | $1.68 | $1.37 | $1.64 | $1.78 | $2.55 | $3.04 |
| Shares outstanding | 102.8M | 101.0M | 97.3M | 97.8M | 95.0M | 97.5M | 118.1M | 94.3M | 93.5M | 93.4M | 91.4M | 90.9M |
| Current ratio | 1.04 | 1.01 | 1.01 | 0.93 | 0.87 | 0.85 | 1.03 | 1.07 | 1.13 | 1.19 | 1.39 | 1.63 |
| Quick ratio | 0.98 | 0.93 | 0.92 | 0.84 | 0.81 | 0.77 | 0.95 | 0.98 | 1.06 | 1.12 | 1.31 | 1.54 |
| Debt / equity | 0.53 | — | 0.00 | 0.00 | 0.95 | 1.02 | 0.61 | 0.95 | 0.81 | 0.76 | 0.55 | 0.47 |
| Equity / assets | 13.1% | 13.0% | 13.6% | 13.2% | 10.3% | 10.5% | 16.6% | 15.0% | 15.6% | 16.3% | 22.3% | 26.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
YOU financial position
At the end of fiscal 2025 (December 31, 2025), Clear Secure had total assets of $1.3 billion (up 9.1% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $177.7 million. It held $700.2 million in cash and short-term investments against $0 of debt, a net cash position of $700.2 million. Its current ratio was 1.01. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $206.2 million.
Related: YOU income statement, YOU cash flow statement, YOU key metrics. See the YOU stock overview for the latest quote and news.
YOU balance sheet FAQ
What are Clear Secure's total assets?
Clear Secure reported total assets of $1.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does Clear Secure have?
Clear Secure had $0 of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Clear Secure have?
Clear Secure held $700.2 million in cash and short-term investments at the end of fiscal 2025; with $0 of debt that is net cash of $700.2 million.
What is Clear Secure's book value?
Clear Secure's shareholders' equity (book value) was $177.7 million at the end of fiscal 2025, or $1.83 per share.
What is Clear Secure's current ratio?
Clear Secure had current assets of $764.6 million and current liabilities of $759.9 million, a current ratio of 1.01 (it can cover its short-term obligations).
How much goodwill does Clear Secure have?
Clear Secure carried $65.4 million of goodwill and intangible assets, 5.0% of total assets, at the end of fiscal 2025.