Clear Secure, Inc.
31.20-0.98 (-3.05%)
Oct 29, 4:00:02 PM EDT · NYSE · YOU · USD
Key Stats
Market Cap
4.15BP/E (TTM)
19.14Basic EPS (TTM)
1.63Dividend Yield
0.01%Recent Filings
10-Q
Q2 FY2025 results
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
Clear's Q2 revenue surges 17.5%
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%.
8-K
Annual meeting elects directors
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.
8-K
Q1 revenue surges 18.1%
Clear Secure reported Q1 2025 revenue of $211.4 million, up 18.1% year-over-year, fueled by CLEAR+ member growth to 7.4 million and total enrollments hitting 31.2 million. Operating income climbed to $37.4 million with a 17.7% margin, while Adjusted EBITDA reached $52.2 million at 24.7%—non-GAAP metrics reconciled in the filing. The company repurchased $101.7 million in shares and issued Q2 revenue guidance of $214-216 million. Momentum builds steadily.
10-Q
Q1 FY2025 results
Clear Secure kicked off 2025 with revenue climbing 18% year-over-year to $211.4 million, fueled by 9% growth in active CLEAR+ members and pricing tweaks, while operating income surged 58% to $37.4 million on tighter cost controls. Gross margins held steady at 86%, but direct salaries jumped 26% from wage hikes and staffing shifts. Free cash flow, derived as operating cash minus capex, hit $91.3 million, up from $77.6 million last year, backed by $87.6 million in cash and $442.3 million in marketable securities; the $100 million revolver remains undrawn with $66.4 million available. Stockholders saw $0.26 diluted EPS, matching shares outstanding. Yet regulatory tweaks by the TSA could crimp member retention.
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