NYSE$YOU
Clear Secure Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Clear's Q3 2023 performance was marked by revenue growth, strategic capital allocation, and investments in future identity technology.
Clear Secure, Inc. reported a strong Q3 2023 with a 38.4% increase in revenue to $160.4 million and a 31.6% increase in total bookings to $191.7 million. The company achieved a net income of $26.9 million and demonstrated its focus on capital allocation by repurchasing shares and declaring dividends.
- Revenue increased by 38.4% to $160.4 million, and total bookings grew by 31.6% to $191.7 million.
- Net income was $26.9 million, with basic and diluted net income per share at $0.17.
- Total cumulative enrollments reached 18.6 million, representing a 30.6% increase.
- Active CLEAR Plus members increased by 31.3% to 6.4 million.
Headline financials
Revenue & EPS history
Clear · Revenue · Quarterly
$160M
Forward guidance
The company expects fourth quarter 2023 revenue of $165-$167 million and Total Bookings of $185-$187 million.
Tailwinds
- Expected revenue of $165-$167 million for Q4 2023.
- Total Bookings of $185-$187 million is expected for Q4 2023.
- Collaboration with TSA continues to progress towards public launch.
- Modest contribution from TSA PreCheck Enrollment Provided by CLEAR is anticipated in Q4 guidance.
- Year-over-year Free Cash Flow growth is expected in Q4 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
+2.3%
Avg return
Earnings day
+4.8%
Avg return
5 days after
+3.4%
Avg return
30 days after
53%
10 / 19 earnings
Positive
+39.3%
Q4 2025
Best reaction
-10.7%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | -3.3% | -8.3% | |
| Q4 2025 | +39.3% | +43.5% | +41.7% | |
| Q3 2025 | +0.8% | +17.2% | +5.4% | |
| Q1 2025 | -0.2% | -4.2% | +2.7% | |
| Q4 2024 | -6.5% | +0.0% | +11.7% | |
| Q3 2024 | -0.3% | -24.6% | -25.7% | |
| Q2 2024 | -9.6% | +13.3% | +42.3% | |
| Q1 2024 | +0.2% | -3.8% | -5.4% | |
| Q4 2023 | +4.5% | +2.7% | +15.5% | |
| Q3 2023 | -1.0% | +10.1% | +25.1% | |
| Q2 2023 | -0.1% | -0.7% | -5.7% | |
| Q1 2023 | +3.7% | -1.1% | +2.5% | |
| Q4 2022 | -6.2% | -4.6% | -14.9% | |
| Q3 2022 | +2.9% | +25.1% | +22.9% | |
| Q2 2022 | +3.4% | -5.1% | -14.3% | |
| Q1 2022 | +12.3% | +36.6% | -7.8% | |
| Q4 2021 | +10.0% | +14.0% | +34.3% | |
| Q3 2021 | -2.2% | -14.2% | -41.8% | |
| Q2 2021 | -10.7% | -9.0% | -15.5% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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