Clear Secure Inc (YOU)

Return on equity (ROE)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Net income (ttm)	US$ in thousands	169,676	80,365	72,246	56,583	29,504	-3,231	-84,136	-99,747	-110,268	-108,671	-60,027	-54,876	-49,210	-23,593	4,465	28,815	-9,310
Total stockholders’ equity	US$ in thousands	198,353	128,970	153,536	165,866	233,329	275,904	266,931	296,774	291,065	291,668	290,190	279,638	277,613	286,284	62,641	139,681	82,355
ROE		85.54%	62.31%	47.05%	34.11%	12.64%	-1.17%	-31.52%	-33.61%	-37.88%	-37.26%	-20.69%	-19.62%	-17.73%	-8.24%	7.13%	20.63%	-11.30%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $169,676K ÷ $198,353K
= 85.54%

Clear Secure Inc's return on equity (ROE) has shown significant fluctuations over the reporting periods. The ROE was negative in the range of -11.30% to -37.88% from December 2020 to December 2022, indicating that the company was not generating satisfactory returns relative to its equity during this period. However, there was a notable improvement in ROE starting from March 2023, where it turned positive at 12.64% and then increased steadily to reach 85.54% by December 2024. This upward trend in ROE suggests that Clear Secure Inc's profitability relative to shareholders' equity improved significantly, indicating better efficiency in utilizing equity to generate profits. The substantial increase in ROE over the latter half of the reporting period reflects a positive shift in the company's financial performance and may indicate better management of assets and resources to enhance shareholder value.