AI brief of an SEC Form 8-K · Clear Secure (YOU)

Clear Secure Q3 revenue rises 23.7% to $198.4 million; net income $38.0 million

Positive Impact 3 of 5 earnings Written later

Clear Secure reported third-quarter 2024 revenue of $198.4 million, up 23.7% from a year earlier, and net income of $38.0 million, or $0.25 per share, compared with $0.17 per share in the third quarter of 2023. Free cash flow was negative $37.9 million, reflecting an annual outflow of approximately $182 million to its credit card partner, and the company guided fourth-quarter 2024 revenue to $202 million to $204 million.

Key points

  • Q3 2024 revenue $198.4 million, up 23.7%; Total Bookings $227.5 million, up 18.7%
  • Net income $38.0 million, or $0.25 per share, versus $26.9 million, or $0.17 per share, in Q3 2023
  • Free cash flow was negative $37.9 million, including an annual outflow of approximately $182 million to a credit card partner
  • Q4 2024 guidance: revenue of $202 million to $204 million and Total Bookings of $224 million to $226 million; full-year Free Cash Flow growth of at least 40% versus 2023

The filing

CompanyClear Secure (YOU)
Form8-K, current report
Filed with the SECNov 7, 2024, 6:07 AM ET
Accession number0001856314-24-000132

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.