Clear Secure (YOU) Cost of Revenue (2020 - 2026)

Clear Secure (YOU) recorded quarterly Cost of Revenue of $979000.0 in Q1 2026, up 102.73% quarter-over-quarter from -$35.9 million in Q4 2025, and down 22.49% on a YoY basis from $1.3 million in Q1 2025.

Clear Secure (YOU) Cost of Revenue (2020 - 2026) Analysis & Trends

Clear Secure's Cost of Revenue history runs 7 years deep, the most recent figure standing at $979000.0 for Q1 2026.

  • In Q1 2026, Cost of Revenue fell 22.49% year-over-year to $979000.0; the TTM figure through Mar 2026 stood at -$32.4 million (down 184.28% YoY), while the FY2025 annual figure was $4.9 million, down 90.0% from the prior year.
  • Cost of Revenue was $979000.0 for Q1 2026 at Clear Secure, up from -$35.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $14.6 million in Q4 2024 to a low of -$35.9 million in Q4 2025.
  • Historically, Cost of Revenue has averaged $1.4 million across 5 years, with a median of $1.3 million in 2023.
  • The sharpest annual moves came in 2023 and 2025: Cost of Revenue jumped 903.53% in 2023, then slumped 346.52% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at -$24.8 million in 2022, then soared by 154.36% to $13.5 million in 2023, then gained by 8.0% to $14.6 million in 2024, then plunged by 346.52% to -$35.9 million in 2025, then surged by 102.73% to $979000.0 in 2026.
  • The last three Cost of Revenue figures came in at $979000.0 (Q1 2026), -$35.9 million (Q4 2025), and $1.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 55.33 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 1.33 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.62 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 3.77 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 211.49 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 940.00 Mn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 3.07 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 715.00 Mn
10 Clear Secure 5.24 Bn 4.46 Bn 252.02 Mn 979,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 979,000.00
Mar 31, 2026 979,000.00
Dec 31, 2025 -35.93 Mn
Dec 31, 2025 -35.93 Mn
Sep 30, 2025 1.06 Mn
Sep 30, 2025 1.06 Mn
Jun 30, 2025 1.48 Mn
Jun 30, 2025 1.48 Mn
Mar 31, 2025 1.26 Mn
Mar 31, 2025 1.26 Mn
Dec 31, 2024 14.57 Mn
Dec 31, 2024 14.57 Mn
Sep 30, 2024 11.61 Mn
Sep 30, 2024 11.61 Mn
Jun 30, 2024 11.01 Mn
Jun 30, 2024 11.01 Mn
Mar 31, 2024 11.62 Mn
Mar 31, 2024 11.62 Mn
Dec 31, 2023 13.49 Mn
Dec 31, 2023 13.49 Mn