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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 with a single real-time ledger, serving trading, risk management, and financing needs for sophisticated investors across asset classes and geographies.
Platform supports equities, options, futures, security-based swaps, FX, fixed income, and select digital assets, with modular proprietary applications and API connectivity.
Revenue is generated primarily from net financing (margin, stock loan, custody) and transaction fees (commissions, clearing, investment banking, pass-through fees).
Serves individuals, institutions, intermediaries, and corporates, with a focus on clients underserved by legacy infrastructure.
Platform architecture enables rapid onboarding, efficient financing, and deep integration, creating a compounding adoption flywheel.
Financial performance and metrics
Net revenues for the nine months ended September 30, 2025: $783.7M, up 160% YoY; net income: $157.2M.
FY 2024 net revenues: $463.6M, up 137% YoY; net income: $89.1M.
Adjusted EBITDA for the nine months ended September 30, 2025: $362.8M (46.3% margin); FY 2024: $142.9M (30.8% margin).
Average daily interest-bearing client balances grew 85% YoY to $13.0B for the nine months ended September 30, 2025.
Average daily volume for the nine months ended September 30, 2025: 588.6M shares/contracts, up 88% YoY.
As of September 30, 2025: total assets $72.7B; cash and cash equivalents $327.4M; total liabilities $71.8B.
Use of proceeds and capital allocation
Net proceeds from the IPO will be used for working capital, capital expenditures, general corporate purposes, and potential acquisitions.
No current intention to use proceeds to redeem Series A preferred stock.
Management has broad discretion over the application of proceeds.
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