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Clear Street Group (CSIG) investor relations material
Clear Street Group Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates a cloud-native, end-to-end capital markets platform unifying trading, risk management, and financing for sophisticated investors across asset classes and geographies.
Platform supports over 2,000 clients, $31.3B in daily trading activity, and $17.7B in interest-bearing client balances as of late 2025.
Revenue is generated primarily from net financing (margin, stock loan, custody) and transaction fees (commissions, clearing, investment banking).
Platform is designed for scalability, rapid application deployment, and real-time data, serving individuals, institutions, intermediaries, and corporates.
Recent expansion includes acquisition of Boom Securities in Asia-Pacific and Pulse Prime Technologies for digital assets.
Financial performance and metrics
Net revenues for 2025 estimated at $1.04–$1.06B, up from $463.6M in 2024, reflecting 160% year-over-year growth for the first nine months of 2025.
Net income for 2025 estimated at $220–$236M, up from $89.1M in 2024.
Adjusted EBITDA for 2025 estimated at $460–$484M, up from $142.9M in 2024.
Interest-bearing client balances averaged $14.4B in 2025, up 85% from 2024; average daily trades and volume also increased significantly.
High client retention: 99.4% of institutional and intermediary clients retained in 2024.
Use of proceeds and capital allocation
Estimated net proceeds of $922.4M (or $1.06B if underwriters' option exercised) at a $42/share midpoint.
Proceeds intended for working capital, capital expenditures, general corporate purposes, and potential acquisitions.
No current plans to redeem Series A preferred stock with IPO proceeds.
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