---
schema_version: "secwatch.filing_event.v1"
accession: "0001856314-22-000026"
form_type: "8-K"
ticker: "YOU"
cik: "0001856314"
company_name: "Clear Secure, Inc."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:27:01.116869+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Clear Secure reports Q3 revenue $115.9M (+71.6% YoY), declares $0.25 special dividend

## Summary
- Revenue $115.9M up 71.6% YoY; Total Bookings $145.7M up 46.7%. Net loss $65.6M includes $58.8M non-cash warrant expense to United Airlines.
- Adjusted net income $8.1M; Adjusted EBITDA $11.9M. Net loss per share $0.44; Adjusted EPS $0.05.
- Declared $0.25 special cash dividend payable Dec 7, 2022 to holders of record Nov 28, 2022.
- Total Cumulative Enrollments 14.2M (+76.3% YoY); Annual CLEAR Plus Net Member Retention 92.2% (+480 bps YoY, -210 bps sequentially).
- Expects TSA PreCheck soft launch by year-end 2022; launched new partnerships with Avis and Virdee.

## SEC filing metadata
- accession: 0001856314-22-000026
- form_type: 8-K
- ticker: YOU
- cik: 0001856314
- company_name: Clear Secure, Inc.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856314/000185631422000026/0001856314-22-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856314/000185631422000026/you-20221114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856314-22-000026
- JSON: https://secwatch.observer/filing/0001856314-22-000026.json
- Plain text: https://secwatch.observer/filing/0001856314-22-000026.txt

## Key facts
- Earnings Releases
  Clear Secure, Inc. reported the third quarter ended September 30, 2022 results: revenue $115.9 million, net income Net loss of $65.6 million, EPS Net loss per common share basic and diluted $0.44.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $115.9 million
  - Net income: Net loss of $65.6 million
  - EPS: Net loss per common share basic and diluted $0.44
  - Result: reported results
  source text: Revenue of $115.9 million was up 71.6% while Total Bookings of $145.7 million were up 46.7% Net cash provided by operating activities of $13.2 million; Free Cash Flow of $5.3 million; both figures include payment for credit card partnership accrual Total Cumulative Enrollments of 14.2 million were up 76.3% Annual CLEAR Plus Net Member Retention of 92.2% was up 480 basis points year-over-year and down 210 basis points sequentially Total Cumulative Platform Uses of 117.6 million were up 62.9% Net loss of $65.6 million, which includes $58.8 million non-cash equity-based compensation cost related to vesting of previously issued warrants to United Airlines Adjusted net income of $8.1 million; Adjusted EBITDA of $11.9 million Net loss per common share basic and diluted $0.44, which includes $0.39 of non-cash equity-based compensation cost related to vesting of previously issued warrants to United Airlines Adjusted net income per common share, basic and diluted $0.05
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856314/000185631422000026/0001856314-22-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.