Clear Secure (YOU) FY2023 results: revenue $614 million, up 40.3% on the year
Clear Secure, Inc. (YOU) reported revenue of $614 million for fiscal 2023, the year ended 31 December 2023, up 40.3% on the year before. Net income was $28 million, and diluted earnings per share $0.31. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$614 million
+40.3% on the year
FY2019FY2023
Operating margin
3.3%
-29.5% a year earlier
FY2019FY2023
Net income
$28 million
FY2019FY2023
Diluted EPS
$0.31
FY2019FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
225
168
69.7
+33.7%
Capital expenditure
25.6
31.4
28.1
-18.5%
Free cash flow
199
137
41.6
+45.7%
Free cash flow margin
32.5%
31.3%
16.4%
Cash from investing
-15.5
-360
-403
Cash from financing
-216
-48.9
503
Depreciation and amortisation
21.6
18.8
12.4
+15.2%
Share-based compensation
37.3
138
36.5
-73.1%
Dividends paid
14.5
0.0
0.0
Diluted shares, weighted
91m
81m
76m
+11.8%
Shares outstanding at period end
n/a
88m
n/a
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
233
291
278
-19.8%
Non-controlling interest
136
220
262
-38.2%
Redeemable equity
n/a
n/a
0.0
Debt
0.0
0.0
0.0
Operating lease liabilities
122
125
0.0
-2.8%
Other liabilities
554
401
273
+38.0%
Total liabilities and equity
1,045
1,038
813
+0.7%
Fixed assets
62.6
57.9
44.5
+8.1%
Goodwill
62.8
58.8
59.8
+6.7%
Intangible assets
20.8
22.3
22.9
-6.6%
Investments
665
666
335
-0.1%
Cash and equivalents
57.9
38.9
280
+48.7%
Receivables
0.5
1.2
5.3
-55.0%
Other assets
175
193
64.8
-9.0%
Total assets
1,045
1,038
813
+0.7%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.