Financial Snapshot

Revenue
$735.2M
TTM
Gross Margin
85.52%
TTM
Net Earnings
$80.37M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
106.82%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$181.0M
Q3 2024
Cash
Q3 2024
P/E
47.46
Nov 29, 2024 EST
Free Cash Flow
$239.7M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $613.6M $437.4M $254.0M $230.8M $192.3M
YoY Change 40.27% 72.25% 10.03% 20.03%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $613.6M $437.4M $254.0M $230.8M $192.3M
Cost Of Revenue $88.65M $56.27M $37.21M $33.19M $32.29M
Gross Profit $524.9M $381.2M $216.7M $197.6M $160.0M
Gross Profit Margin 85.55% 87.14% 85.35% 85.62% 83.21%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $265.9M $319.9M $204.1M $134.5M $127.6M
YoY Change -16.87% 56.71% 51.69% 5.45%
% of Gross Profit 50.65% 83.91% 94.17% 68.09% 79.75%
Research & Development $74.44M $66.80M $47.49M $32.04M $21.22M
YoY Change 11.44% 40.66% 48.23% 50.97%
% of Gross Profit 14.18% 17.52% 21.91% 16.21% 13.26%
Depreciation & Amortization $21.65M $18.79M $12.36M $9.423M $7.316M
YoY Change 15.2% 52.06% 31.15% 28.8%
% of Gross Profit 4.12% 4.93% 5.7% 4.77% 4.57%
Operating Expenses $340.3M $386.7M $251.6M $166.6M $148.8M
YoY Change -11.98% 53.68% 51.03% 11.94%
Operating Profit $20.14M -$129.1M -$114.9M -$18.93M -$56.16M
YoY Change -115.6% 12.29% 507.18% -66.3%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $29.01M $6.586M -$349.0K $612.0K $1.942M
YoY Change 340.53% -1987.11% -157.03% -68.49%
% of Operating Profit 144.07%
Other Income/Expense, Net $1.461M $4.980M $344.0K $9.023M $0.00
YoY Change -70.66% 1347.67% -96.19%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $50.61M -$117.5M -$114.9M -$9.294M -$54.22M
YoY Change -143.07% 2.23% 1136.69% -82.86%
Income Tax $724.0K -$2.062M $233.0K $16.00K $0.00
% Of Pretax Income 1.43%
Net Earnings $28.11M -$65.57M -$36.08M
YoY Change -142.87% 81.73%
Net Earnings / Revenue 4.58% -14.99% -14.21%
Basic Earnings Per Share
Diluted Earnings Per Share $0.31 -$0.80 -$242.6K -$64.30K -$374.5K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $723.1M $704.7M $615.3M $154.0M $247.3M
YoY Change 2.6% 14.53% 299.47% -37.7%
Cash & Equivalents $57.90M $38.94M $280.1M $116.2M $213.9M
Short-Term Investments $665.2M $665.8M $335.2M $37.81M $33.38M
Other Short-Term Assets $46.41M $35.68M $32.41M $16.68M $13.16M
YoY Change 30.07% 10.09% 94.26% 26.78%
Inventory
Prepaid Expenses
Receivables $526.0K $1.169M $5.331M $912.0K $1.113M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $770.0M $741.6M $653.1M $171.6M $261.5M
YoY Change 3.83% 13.55% 280.5% -34.38%
Property, Plant & Equipment $178.5M $181.8M $44.52M $35.24M $26.93M
YoY Change -1.83% 308.35% 26.34% 30.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.000M
YoY Change
Other Assets $6.710M $32.94M $32.05M $23.55M $24.06M
YoY Change -79.63% 2.79% 36.1% -2.12%
Total Long-Term Assets $275.0M $295.9M $159.7M $60.63M $57.33M
YoY Change -7.08% 85.33% 163.35% 5.76%
Total Assets $1.045B $1.038B $812.8M $232.3M $318.9M
YoY Change
Accounts Payable $11.78M $7.951M $8.808M $8.518M $7.135M
YoY Change 48.17% -9.73% 3.4% 19.38%
Accrued Expenses $164.0M $106.1M $67.22M $18.30M $18.30M
YoY Change 54.63% 57.8% 267.24% 0.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $552.0M $397.5M $264.6M $146.1M $163.6M
YoY Change 38.89% 50.22% 81.1% -10.71%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $122.0M $126.7M $4.899M $3.809M $3.347M
YoY Change -3.68% 2486.0% 28.62% 13.8%
Total Long-Term Liabilities $122.0M $126.7M $4.899M $3.809M $3.347M
YoY Change -3.68% 2486.0% 28.62% 13.8%
Total Liabilities $811.7M $746.5M $535.1M $149.9M $167.0M
YoY Change 8.74% 39.49% 256.97% -10.22%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $3.8141 Billion

About Clear Secure, Inc.

Clear Secure, Inc. is an identity company, which engages in developing biometric identity verification technology platforms. The company is headquartered in New York City, New York and currently employs 3,698 full-time employees. The company went IPO on 2021-06-30. Its secure identity platform is a multi-layered infrastructure consisting of both its front-end, including enrollment, verification and linking and its robust, secure, and scalable backend. The company confirms identity on an opt-in basis using document authentication, biometric capture technology, liveness detection for anti-spoofing, biometric matching, backend identity proofing and other technologies to link an individual’s identity with their biometrics. Its CLEAR Plus is its consumer aviation subscription service, which enables access to predictable and fast experiences through dedicated entry lanes in airport security checkpoints across the nation as well as access to its broader network. Its RESERVE is a virtual queuing technology that provides users with the ability to book a dedicated time slot to go through security at the airport. Its CLEAR Verified is its business to business offering that extends its secure identity platform to partners.

Industry: Services-Prepackaged Software Peers: Alarm.com Holdings, Inc. Altair Engineering Inc. BLACKLINE, INC. BOX INC INSTRUCTURE HOLDINGS, INC. nCino, Inc. NEW RELIC, INC. Salesforce, Inc. Sprout Social, Inc. WORKIVA INC