NEW YORK (GLOBE NEWSWIRE) — Clear Secure, Inc., the secure identity company, has released financial results for the third quarter of fiscal year of 2025 on its Investor Relations website at https://ir.clearme.com.
Third Quarter Financial Highlights
(percentage change is expressed as year-over-year, unless otherwise specified)
- Revenue of $229.2 million was up 15.5%; Total Bookings of $260.1 million were up 14.3%
- Operating income of $52.6 million, representing a 23.0% Operating income margin
- Net income of $45.1 million, representing a 19.7% net income margin; Adjusted EBITDA of $70.1 million, representing a 30.6% Adjusted EBITDA margin
- Earnings per Common Share Basic and Diluted of $0.29 and $0.29
- Net cash used in operating activities of $(47.3) million; Free Cash Flow of $(53.5) million; both figures reflect the annual payment to our credit card partner of ~$229 million
Operational Achievements
- Active CLEAR+ Members grew to 7.7 million in the third quarter, up 7.5% year-over-year
- Expansion of CLEAR+ in the U.S. for international travelers to over 40 countries as of today
- 60 CLEAR+ airports, 4 domestic CLEAR Mobile airports, and 328 TSA PreCheck® Enrollment locations as of September 30, 2025
- eGates launched across 10 airports, with plans to expand to 30 airports by end of year and network wide in 2026
- CLEAR Concierge, a premium, personalized on-demand airport service now offered at 23 airports
- Momentum continues in CLEAR1, with a record number of new enterprise customers signed this quarter
Capital Allocation Activities
- Approximately $16.7 million returned to shareholders in the third quarter of 2025, related to our regular quarterly dividend of $0.125 per share and distributions
- Clear Secure, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per share, payable on December 24, 2025 to shareholders of record of Class A Common Stock and Class B Common Stock as of the close of business on December 10, 2025
Fourth Quarter and Full Year 2025 Guidance
- Fourth quarter 2025 Revenue of $234-237 million, representing 14.2% year-over-year growth at the midpoint
- Fourth quarter 2025 Total Bookings of $265-270 million, representing 16.8% year-over-year growth at the midpoint and accelerating growth relative to Q3 2025
- Full Year 2025 Adjusted EBITDA margin expansion reaffirmed
- Full Year 2025 Free Cash Flow guidance increased from at least $310 million to at least $320 million
“It is an incredibly important time to be a secure identity company, as cyber security breaches and fraud are reaching all-time highs. The trusted CLEAR brand is resonating across CLEAR Travel and CLEAR1 Members, enterprise customers and partners.” said Caryn Seidman Becker, CLEAR’s CEO
Conference Call Details
CLEAR will host a conference call to discuss these results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants. Listeners can access the live webcast https://event.choruscall.com/mediaframe/webcast.html?webcastid=U1ucB6Pd. A webcast replay will be available after the event on the investor relations website at https://ir.clearme.com.
About CLEAR
CLEAR’s mission is to strengthen security and create frictionless experiences. With over 36 million Members and a growing network of partners across the world, CLEAR’s secure identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we do not sell biometric or sensitive personal data. For more information, visit clearme.com.
