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  "documentTitle": "Clear Secure, Inc. (YOU)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-04-30 00:00:00",
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  "notes": "The slide highlights a specific accounting discrepancy in 2024 for AP ($4.0M difference).",
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      "text": "We find little difference in the receivables, but variations in payables with a notably large swing in 2024.",
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      "text": "Spruce Point compared the changes in accounts payable and receivable on the balance sheet to the changes reported in the cash flow statement. We find little difference in the receivables, but variations in payables with a notably large swing in 2024.",
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