For the year ending 2025-12-31, YOU had $18,023K increase in cash & cash equivalents over the period. $343,112K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 168,147 | 225,274 | 49,888 | -115,436 |
| Depreciation on property and equipment | 23,923 | 21,749 | 18,215 | 15,524 |
| Amortization on intangible assets | - | - | 3,434 | 3,268 |
| Loss on asset disposal | - | - | - | 0 |
| Amortization on intangible assets | 10,701 | 4,731 | - | - |
| Noncash lease expense | 6,315 | 6,607 | 6,468 | 3,769 |
| Impairment of assets | 362 | 723 | 4,975 | 3,068 |
| Impairment of strategic investment | 4,719 | - | - | - |
| Equity-based compensation | 38,932 | 35,339 | 37,293 | 138,495 |
| Warrant liabilities | - | - | 0 | 0 |
| Deferred income tax expense (benefit) | 24,381 | -165,773 | -722 | -2,471 |
| Amortization of revolver loan costs | 132 | 202 | 339 | 440 |
| Gain on divestiture of a business | 635 | - | - | - |
| Premium amortization (discount accretion) on marketable securities | 1,257 | 7,319 | 13,804 | 2,958 |
| Accounts receivable | 1,580 | -15 | -643 | -4,162 |
| Prepaid expenses and other assets | 3,736 | 6,526 | 3,192 | -991 |
| Prepaid revenue share fee | 5,027 | 250 | 6,817 | 7,313 |
| Accounts payable | -6,368 | 2,198 | 4,525 | -752 |
| Accrued and other long term liabilities | 45,920 | 120,964 | 33,714 | 34,979 |
| Deferred revenue | 76,454 | 63,500 | 92,801 | 94,889 |
| Operating lease liabilities | -8,931 | -5,757 | -2,727 | -2,345 |
| Deferred rent | - | - | 0 | 0 |
| Net cash provided by operating activities | 372,452 | 295,677 | 225,033 | 168,310 |
| Business combinations, net of cash acquired | 0 | 0 | 3,750 | 0 |
| Purchases of marketable securities | 747,120 | 971,097 | 952,655 | 1,462,550 |
| Proceeds from sales and maturities of marketable securities | 677,173 | 1,098,201 | - | 1,134,864 |
| Proceeds from divestiture | 2,700 | - | - | - |
| Issuance of loan | - | - | - | 0 |
| Purchase of strategic investment | 514 | 1,000 | 6,000 | - |
| Purchases of property and equipment | 29,340 | 12,009 | 25,555 | 31,362 |
| Purchases of intangible assets | 0 | 318 | 580 | 545 |
| Net cash (used in) provided by investing activities | -97,101 | 113,777 | -15,508 | -359,593 |
| Ipo proceeds, net of underwriter fees and issuance costs | - | - | 0 | -297 |
| Repurchase of class a common stock | 126,345 | 272,920 | 69,673 | 4,902 |
| Proceeds from issuance of members equity, net of issuance costs | - | - | 0 | 0 |
| Distribution to alclear members | - | - | - | 16,250 |
| Issuance of warrants | - | - | 0 | 0 |
| Proceeds from the exercise of warrants | - | - | 0 | 0 |
| Payment of dividend | 47,839 | 39,402 | 14,483 | - |
| Payment of special dividend | 25,316 | 28,828 | 68,038 | 21,843 |
| Distributions to members | 18,728 | 25,138 | 42,674 | 171 |
| Tax distribution to members | 26,113 | 24,979 | 13,929 | - |
| Deferred consideration payment | 0 | 1,246 | 396 | - |
| Payment of taxes on net settled stock-based awards | 12,653 | 9,034 | 6,814 | 5,411 |
| Payment of revolver loan costs | - | - | - | 0 |
| Other financing activities | -334 | 0 | - | - |
| Net cash used in financing activities | -257,328 | -401,547 | -216,007 | -48,874 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 18,023 | 7,907 | -6,482 | -240,157 |
| Cash, cash equivalents, and restricted cash, beginning of period | 70,348 | 62,401 | 68,884 | 309,126 |
| Exchange rate effect on cash and cash equivalents, and restricted cash | 127 | 40 | -1 | -85 |
| Cash, cash equivalents, and restricted cash, end of period | 88,498 | 70,348 | 62,401 | 68,884 |
Clear Secure, Inc. (YOU)
Clear Secure, Inc. (YOU)