Clear Secure Q3 revenue $198.4M (+23.7% YoY); net income $38M, EPS $0.25

Clear Secure, Inc.

Revenue of $198.4M (+23.7% YoY); Total Bookings $227.5M (+18.7% YoY).
Operating income $35.1M; Adjusted EBITDA $48.6M; Net income $38.0M.
Basic and diluted EPS $0.25, all GAAP positive for the quarter.
Free Cash Flow negative $(37.9)M due to ~$182M annual outflow to credit card partner.
Repurchased 4M shares (previously disclosed); active in 58 CLEAR Plus airports.

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