Clear Secure (YOU) Operating Expenses (2020 - 2026)
Clear Secure's (YOU) quarterly Operating Expenses came in at $83.1 million in Q1 2026, up 21.97% year-on-year from $68.1 million in Q1 2025, and up 7.27% quarter-over-quarter from $77.5 million in Q4 2025.
Clear Secure (YOU) Operating Expenses (2020 - 2026) Analysis & Trends
Clear Secure's Operating Expenses history runs 7 years deep, the most recent figure standing at $83.1 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 21.97% year-over-year to $83.1 million in Q1 2026; TTM through Mar 2026 was $305.3 million, a 1.48% increase from a year earlier, with the FY2025 full-year figure at $304.8 million, up 4.78% from the prior year.
- Operating Expenses climbed to $83.1 million in Q1 2026 per YOU's latest filing, from $77.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $118.9 million in Q3 2022 and bottomed at $53.8 million in Q1 2022.
- The 5-year median for Operating Expenses is $71.8 million (2025), against an average of $75.1 million.
- Across the five-year window, Operating Expenses jumped 117.14% in 2022 and plunged 44.64% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $96.1 million in 2022, then plunged by 31.82% to $65.5 million in 2023, then jumped by 44.13% to $94.4 million in 2024, then retreated by 17.99% to $77.5 million in 2025, then increased by 7.27% to $83.1 million in 2026.
- Per Business Quant, the three latest YOU Operating Expenses figures stand at $83.1 million (Q1 2026), $77.5 million (Q4 2025), and $71.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Clear Secure | 283.00 Mn | -488.79 Mn | 252.02 Mn | 83.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 83.09 Mn |
| Dec 31, 2025 | 77.45 Mn |
| Sep 30, 2025 | 71.75 Mn |
| Jun 30, 2025 | 73.02 Mn |
| Mar 31, 2025 | 68.12 Mn |
| Dec 31, 2024 | 94.44 Mn |
| Sep 30, 2024 | 65.53 Mn |
| Jun 30, 2024 | 72.78 Mn |
| Mar 31, 2024 | 64.51 Mn |
| Dec 31, 2023 | 65.53 Mn |
| Sep 30, 2023 | 65.84 Mn |
| Jun 30, 2023 | 66.93 Mn |
| Mar 31, 2023 | 80.02 Mn |
| Dec 31, 2022 | 96.11 Mn |
| Sep 30, 2022 | 118.92 Mn |
| Jun 30, 2022 | 59.56 Mn |
| Mar 31, 2022 | 53.75 Mn |
| Dec 31, 2021 | 62.01 Mn |
| Sep 30, 2021 | 54.77 Mn |
| Jun 30, 2021 | 55.22 Mn |