Clear Secure Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	660.27	613.58	437.43	253.95	230.8	192.28
Revenue Growth (YoY)	37.77%	40.27%	72.25%	10.03%	20.03%	-
Cost of Revenue	243.4	231.47	161.05	104.94	73.72	92.32
Gross Profit	416.87	382.11	276.38	149.02	157.08	99.97
Selling, General & Admin	262.81	265.88	319.85	204.1	134.55	127.59
Research & Development	72.6	74.44	66.8	47.49	32.04	21.22
Other Operating Expenses	22.57	21.65	18.79	12.36	9.42	7.32
Operating Expenses	357.98	361.97	405.44	263.95	176.01	156.13
Operating Income	58.89	20.14	-129.06	-114.93	-18.93	-56.16
Interest Expense / Income	-22.62	-29.01	-6.59	0.35	-0.61	-1.94
Other Expense / Income	26.56	20.32	-54.84	-79.43	-9.02	-
Pretax Income	54.95	28.83	-67.64	-35.85	-9.29	-54.22
Income Tax	2.81	0.72	-2.06	0.23	0.02	0
Net Income	52.14	28.11	-65.57	-36.08	-9.31	-54.22
Shares Outstanding (Basic)	93	91	82	77	145	-
Shares Outstanding (Diluted)	93	92	82	77	-	-
Shares Change	3.19%	11.56%	7.27%	-47.13%	-	-
EPS (Basic)	0.56	0.31	-0.80	-0.48	-	-
EPS (Diluted)	0.57	0.31	-0.80	-0.48	-	-
Free Cash Flow	225.7	199.48	136.95	41.56	-28.84	1.89
Free Cash Flow Per Share	2.43	2.20	1.67	0.54	-0.20	-
Dividend Per Share	0.270	0.270	0.250	-	-	-
Dividend Growth	8.00%	8.00%	-	-	-	-
Gross Margin	63.14%	62.28%	63.18%	58.68%	68.06%	51.99%
Operating Margin	8.92%	3.28%	-29.50%	-45.26%	-8.20%	-29.21%
Profit Margin	7.90%	4.58%	-14.99%	-14.21%	-4.03%	-28.20%
Free Cash Flow Margin	34.18%	32.51%	31.31%	16.36%	-12.50%	0.98%
Effective Tax Rate	5.11%	2.51%	-	-	-	-
EBITDA	61.2	27.94	-51.66	-23.14	-0.48	-48.85
EBITDA Margin	9.27%	4.55%	-11.81%	-9.11%	-0.21%	-25.40%
Depreciation & Amortization	28.88	28.12	22.56	12.36	9.42	7.32
EBIT	32.33	-0.18	-74.22	-35.5	-9.91	-56.16
EBIT Margin	4.90%	-0.03%	-16.97%	-13.98%	-4.29%	-29.21%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).