Clear Secure (YOU) Research & Development (2020 - 2026)
Clear Secure (YOU) reported Research & Development of $17.77 million for Q2 2026, down 2.5% from $18.23 million a year earlier and down 8.6% from the prior quarter.
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Analysis
Clear Secure (YOU) Research & Development (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Clear Secure's Research & Development came in at $72.38 million, down 0.9% year-over-year; for FY2025, it was $72.38 million, down 1.3% from FY2024.
- Research & Development has a five-year compound annual growth rate of 17.7% (FY2020 to FY2025).
- By year, Research & Development came in at $73.35 million in FY2024 (-1.5%), $74.44 million in FY2023 (+11.4%), $66.8 million in FY2022 (+40.7%) and $47.49 million in FY2021 (+48.2%).
- Five-year quarterly Research & Development spans a low of $11.79 million in Q3 2023 and a high of $22.31 million in Q2 2023.
- Year over year, Research & Development gained in five of the last eight quarters, with growth averaging 5.4%.
- The high point for year-over-year Research & Development in five years was Q3 2021 (growth of 112.0%); the low point was Q3 2023 (a decline of 28.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $19.45 million (Q1 2026), $17.16 million (Q4 2025) and $18 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 208.69 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 679.00 Mn |
| 10 | Clear Secure | 5.44 Bn | 2.49 Bn | - | 17.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.77 Mn |
| Mar 31, 2026 | 19.45 Mn |
| Dec 31, 2025 | 17.16 Mn |
| Sep 30, 2025 | 18.00 Mn |
| Jun 30, 2025 | 18.23 Mn |
| Mar 31, 2025 | 19.00 Mn |
| Dec 31, 2024 | 18.41 Mn |
| Sep 30, 2024 | 17.42 Mn |
| Jun 30, 2024 | 17.41 Mn |
| Mar 31, 2024 | 20.10 Mn |
| Dec 31, 2023 | 18.40 Mn |
| Sep 30, 2023 | 11.79 Mn |
| Jun 30, 2023 | 22.31 Mn |
| Mar 31, 2023 | 21.94 Mn |
| Dec 31, 2022 | 20.45 Mn |
| Sep 30, 2022 | 16.51 Mn |
| Jun 30, 2022 | 14.33 Mn |
| Mar 31, 2022 | 15.51 Mn |
| Dec 31, 2021 | 14.20 Mn |
| Sep 30, 2021 | 13.35 Mn |
API Access
Clear Secure Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=YOU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "YOU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=YOU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();