Clear Secure Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	735.18	613.58	437.43	253.95	230.8	192.28
Revenue Growth (YoY)	28.78%	40.27%	72.25%	10.03%	20.03%	-
Cost of Revenue	272.25	233.97	166.35	104.94	73.72	92.32
Gross Profit	462.93	379.61	271.08	149.02	157.08	99.97
Selling, General & Admin	260.84	262.82	318.83	204.1	134.55	127.59
Research & Development	74.04	72.94	66.8	47.49	32.04	21.22
Operating Expenses	360.62	357.41	404.42	263.95	176.01	156.13
Operating Income	102.31	22.2	-133.34	-114.93	-18.93	-56.16
Interest Expense	-	-	-	-0.35	-	-
Interest & Investment Income	32.97	29.01	6.59	-	0.61	1.94
Other Non Operating Income (Expenses)	4.65	4.93	7.03	4.91	9.02	-
EBT Excluding Unusual Items	139.94	56.14	-119.73	-110.37	-9.29	-54.22
Merger & Restructuring Charges	-2.6	-3.06	-	-	-	-
Asset Writedown	-1.27	-4.98	-3.07	-4.57	-	-
Other Unusual Items	2.9	2.5	5.3	-	-	-
Pretax Income	138.97	50.61	-117.5	-114.94	-9.29	-54.22
Income Tax Expense	7	0.72	-2.06	0.23	0.02	-
Earnings From Continuing Operations	131.97	49.89	-115.44	-115.17	-9.31	-54.22
Minority Interest in Earnings	-51.6	-21.78	49.86	79.09	-	-
Net Income	80.37	28.11	-65.57	-36.08	-9.31	-54.22
Net Income to Common	80.37	28.11	-65.57	-36.08	-9.31	-54.22
Shares Outstanding (Basic)	93	91	82	77	7	-
Shares Outstanding (Diluted)	94	92	82	77	7	-
Shares Change (YoY)	3.79%	11.56%	7.27%	1033.90%	-	-
EPS (Basic)	0.87	0.31	-0.80	-0.47	-1.38	-
EPS (Diluted)	0.86	0.31	-0.80	-0.48	-1.38	-
Free Cash Flow	240.21	199.48	136.95	41.56	-28.84	1.89
Free Cash Flow Per Share	2.56	2.18	1.67	0.54	-4.27	-
Dividend Per Share	0.380	0.160	-	-	-	-
Gross Margin	62.97%	61.87%	61.97%	58.68%	68.06%	51.99%
Operating Margin	13.92%	3.62%	-30.48%	-45.26%	-8.20%	-29.21%
Profit Margin	10.93%	4.58%	-14.99%	-14.21%	-4.03%	-28.20%
Free Cash Flow Margin	32.67%	32.51%	31.31%	16.36%	-12.50%	0.98%
EBITDA	116.59	35.54	-122.23	-107.99	-13.25	-53.27
EBITDA Margin	15.86%	5.79%	-27.94%	-42.52%	-5.74%	-27.70%
D&A For EBITDA	14.28	13.34	11.12	6.94	5.68	2.89
EBIT	102.31	22.2	-133.34	-114.93	-18.93	-56.16
EBIT Margin	13.92%	3.62%	-30.48%	-45.26%	-8.20%	-29.21%
Effective Tax Rate	5.04%	1.43%	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.