YOU Research | Milton Maxwell

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Clear Secure, Inc.

39.23

+0.36+0.93%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

5.29B

P/E (TTM)

23.63

Basic EPS (TTM)

1.66

Dividend Yield

0.01%

Recent Filings

10-Q

11/6/25Nov 6, 2025

8-K

11/6/25Nov 6, 2025

8-K

Clear's Q2 revenue surges 17.5%

8/5/25Aug 5, 2025

Clear Secure reported Q2 2025 revenue of $219.5 million, up 17.5% year-over-year, with operating income hitting $42.6 million and net income at $37.9 million. Active CLEAR+ members reached 7.6 million, up 7.5%, while total bookings grew 13.1% to $222.9 million. Strong cash flow persists. Guidance projects Q3 revenue of $223-226 million. Expansion drives momentum, yet retention dipped slightly to 87.3%.

10-Q

Q2 FY2025 results

8/5/25Aug 5, 2025

Clear Secure posted solid Q2 results, with revenue climbing 18% year-over-year to $219.5M, fueled by a 7% rise in active CLEAR+ members and pricing tweaks, while operating income surged 40% to $42.6M on tighter cost controls. Year-to-date, revenue hit $430.8M, up 18% y/y, and operating income jumped 48% to $80.0M, though diluted EPS dipped slightly to $0.52 from $0.46 amid share repurchases—anti-dilution from non-controlling interests kept it steady. Cash from operations reached $221.3M y/y, yielding free cash flow of $209.2M after $12.1M capex, bolstering $89.3M cash and $516.4M marketable securities against no debt and $66.4M revolver availability. A $2.7M divestiture gain offset a $4.7M strategic investment impairment. Yet regulatory shifts in trusted traveler programs could crimp growth.

8-K

Annual meeting elects directors

6/9/25Jun 9, 2025

Clear Secure, Inc. held its 2025 annual stockholder meeting on June 5, electing nine directors including Caryn Seidman Becker and Michael Z. Barkin, with overwhelming support—over 599 million votes for each amid 7.1 million broker non-votes. Stockholders ratified Deloitte & Touche LLP as the 2025 independent auditor, securing 608 million for votes. They also advisory-approved executive compensation, passing with 599 million for. Governance continuity holds firm.

About

Clear Secure, Inc. operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform, a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members. In addition, it provides RESERVE powered by CLEAR to reservation spot for airport locations; Home to Gate, a feature to help travelers plan and time their trip to the airport; CLEAR1, a B2B offering that extends secure identity platform to partners to create friction-free experiences for their customers; TSA PreCheck Enrollment Provided by CLEAR, as well as online renewal services; Sora ID that enables adding know your customer services to platform offerings; and a virtual queuing technology. The company was founded in 2010 and is headquartered in New York, New York. Clear Secure, Inc. is a subsidiary of Alclear Investments, Llc.

CEO

Ms. Caryn Gail Seidman-Becker

IPO

6/30/2021

Website

https://www.clearme.com

Employees

4,022

Sector

Technology

Industry

Software - Application