Michael Barkin
the Board approved the appointment of Michael Barkin as President of the Company, effective March 31, 2025
Highest-materiality recent filing
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 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 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).
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 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 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 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 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 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 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