Michael Barkin
the Board approved the appointment of Michael Barkin as President of the Company, effective March 31, 2025
Highest-materiality recent filing
Clear Secure subsidiary amends credit facility: commitments cut to $50M, maturity extended to 2031
Lender commitments reduced from $100M to $50M; JPMorgan becomes sole lender after assignments from Goldman Sachs and Wells Fargo.
Charter amendments approved: supermajority removal (470.9M for, 3.3M against) and officer exculpation (471.6M for, 2.5M against).
CLEAR Q1 revenue $253M (+19.7%); raises FY FCF guidance to at least $465M
Net income $56.4M, EPS $0.39 basic / $0.38 diluted; Adjusted EBITDA $80.6M (31.9% margin, +720 bps).
Clear Secure General Counsel Lynn Haaland to depart on April 3, 2026
General Counsel Lynn Haaland will depart Clear Secure on April 3, 2026, per mutual agreement.
CLEAR Q4 revenue $240.8M (+17% YoY), raises dividend 20% to $0.15, guides FY26 FCF >=$440M
Q4 revenue $240.8M (+16.7% YoY); net income $46.5M ($0.31 diluted EPS); Adj. EBITDA $79.9M (33.2% margin).
CLEAR Q3 revenue up 15.5% to $229.2M, net income $45.1M, raises FY FCF guidance
Revenue $229.2M (+15.5% YoY); Total Bookings $260.1M (+14.3%).
CLEAR Q2 revenue $219.5M (+17.5% YoY); EPS $0.26; declares $0.125 dividend
Revenue $219.5M (+17.5% YoY); Total Bookings $222.9M (+13.1%); Net income $37.9M ($0.26 EPS).
Clear Secure shareholders elect all 9 directors, ratify auditor, approve say-on-pay
All nine director nominees elected; highest withhold was 20.8M votes for Jeffery H. Boyd.
Clear Secure Q1 2025: Revenue up 18% to $211M; EPS $0.26; Adj. EBITDA $52.2M
Revenue $211.4M (+18.1% YoY), Net income $38.6M, diluted EPS $0.26.
Revenue of $206.3M up 20.7% YoY; full-year revenue $770.5M up 25.6%.
Clear Secure Q3 revenue $198.4M (+23.7% YoY); net income $38M, EPS $0.25
Revenue of $198.4M (+23.7% YoY); Total Bookings $227.5M (+18.7% YoY).
EVP of Verified Kasra Moshkani resigns from Clear Secure, effective Sept 18, 2024
Kasra Moshkani, EVP of Verified, informed company of resignation on Aug 29 to pursue other opportunities.
Clear Secure Q2 revenue $186.7M (+24.6% YoY); net income $38.6M, EPS $0.26
Revenue $186.7M (+24.6% YoY); Total Bookings $197.0M (+12.5% YoY).
Clear Secure appoints Peter Scher as director, expanding board to nine
Peter Scher appointed to board and Nominating Committee effective August 1, 2024.
Shareholders approve officer exculpation amendment, reelect all eight directors at annual meeting
Elected eight directors: Caryn Seidman Becker, Kenneth Cornick, Michael Z. Barkin, Jeffery H. Boyd, Tomago Collins, Shawn Henry, Kathryn Hollister, Adam J. Wiener.
Clear Secure Q1 revenue $179M, up 35% YoY; net income $32.1M, EPS $0.20
Revenue of $179.0M (+35.3% YoY); Total Bookings $180.6M (+20.6%).
Clear Secure partners with Staples to offer TSA PreCheck enrollment at retail stores nationwide
Agreement with Staples US Retail Inc. to offer CLEAR's TSA PreCheck enrollment services in Staples stores.
Clear Secure Q4 revenue up 33% to $171M; net income $23.3M, EPS $0.15
Revenue $171.0M (+33.3% YoY); Total Bookings $195.3M (+29.7% YoY).
Clear Secure launches TSA PreCheck enrollment at Newark Liberty Airport
CLEAR launched TSA PreCheck enrollment at Newark Liberty Airport on February 21, 2024, available to the public.
Clear Secure's General Counsel Matt Levine to resign in Q1 2024
Matt Levine, General Counsel, Chief Privacy Officer and Secretary, resigning to pursue other opportunities.
Clear Secure Q3 revenue $160.4M (+38% YoY); declares $0.55 special dividend
Revenue $160.4M (+38% YoY); Total Bookings $191.7M (+32% YoY).
Clear Secure Q2 2023 revenue $149.9M (+45.9% YoY); initiates $0.07 quarterly dividend
Revenue of $149.9M, up 45.9% YoY; Total Bookings $175.1M, up 42.5%.
Clear Secure to hold annual say-on-pay votes after shareholder advisory vote
Shareholders voted in favor of annual say-on-pay votes at the 2023 annual meeting.
Clear Secure stockholders elect eight directors, back annual say-on-pay votes
All eight director nominees elected; Caryn Seidman-Becker received 628.1M votes for.
Clear Secure amends operating agreement to modify tax distribution timing and amount
Amendment to Alclear Holdings LLC operating agreement changes timing and amount of Tax Distributions.
Clear Secure Q1 revenue up 46% to $132.4M; declares $0.20 special dividend
Revenue $132.4M (+46.2% YoY); Total Bookings $149.7M (+38.9% YoY).
Clear Secure Q4 revenue $128.3M (+59% YoY); adjusted net income $21.0M
Revenue $128.3M (+59% YoY); Total Bookings $150.6M (+37.4%); Free Cash Flow $71.0M.
CLEAR gets TSA PreCheck ATO; full enrollment rollout expected Q1 2023
TSA issued Authority to Operate for CLEAR's TSA PreCheck enrollment system on Dec 21, 2022.
Clear Secure reports Q3 revenue $115.9M (+71.6% YoY), declares $0.25 special dividend
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.
Clear Secure Q2 revenue up 86% to $102.7M; adjusted net income positive $0.5M
Revenue $102.7M (+86.2% YoY); Total Bookings $122.9M (+75.6%).
Clear Secure shareholders re-elect board and ratify auditor at 2022 annual meeting
All seven director nominees elected with over 623M votes 'for' each; withhold votes ranged from 43,622 to 861,833.
CLEAR reports Q1 revenue $90.5M (+79% YoY); net loss ($18.8M); authorizes $100M buyback
Revenue $90.5M, up 79% YoY; Total Bookings $107.8M, up 74% YoY.
CLEAR Secure Q4 revenue $80.7M (+52% YoY); net loss $31.2M; adjusted EBITDA ($11.1M)
Total Bookings $109.6M (+99% YoY); cumulative enrollments 10.4M (+97% YoY).
Clear Secure Q3 revenue $67.6M (+20% YoY), net loss $32.8M; bookings $99.3M (+89%)
Revenue $67.6M (+20% YoY); Total Bookings $99.3M (+89% YoY).
Clear Secure signs 15-year lease for ~120k sq ft NYC headquarters; landlord contributes $18.3M
Lease for ~120,000 sq ft at 85 Tenth Avenue, NYC, as corporate headquarters.
Clear Secure appoints Dennis Liu as Chief Accounting Officer effective Sept 13, 2021
Appointed Dennis Liu, 38, as Chief Accounting Officer, principal accounting officer, effective Sept 13, 2021.
Clear Secure reports Q2 2021 revenue $55.2M (-8% YoY); total bookings up 102% to $70M
Revenue $55.2M, down 8% YoY; Net loss $38.1M, diluted EPS ($0.03).
Clear Secure completes IPO of 15.2M shares at $31, nets $444.7M
IPO closed July 2, 2021; 15.18M Class A shares (incl. 1.98M overallotment) sold at $31.00/share.
the Board approved the appointment of Michael Barkin as President of the Company, effective March 31, 2025
Mr. Cornick informed the Board that he will not stand for re-election as a director when his term expires at the Company’s 2025 annual meeting of shareholders.
he will continue to serve as Chief Financial Officer until the commencement of his successor’s employment
Jennifer Hsu as Chief Financial Officer of the Company, effective March 31, 2025
On August 29, 2024, Kasra Moshkani, EVP, Verified of Clear Secure, Inc. (the “Company”, or “us”), informed us of his intention to resign to pursue other opportunities.
voted to appoint Peter Scher as a director of the Board and a member of the Nominating Committee, effective immediately
On December 11, 2023, Matt Levine, the General Counsel, Chief Privacy Officer and Secretary of Clear Secure, Inc. (the “Company”, or “CLEAR”), informed us of his intention to resign to pursue other opportunities.
Effective September 13, 2021, Mr. Dennis Liu has been appointed Chief Accounting Officer of Clear Secure, Inc. (the “Company”) and will assume the role of principal accounting officer.
Max materiality 0.90 · Median 0.68 · Most common event earnings