Earnings summaries and quarterly performance for Clear Secure.
Executive leadership at Clear Secure.
Board of directors at Clear Secure.
Research analysts who have asked questions during Clear Secure earnings calls.
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Cory Carpenter
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Recent press releases and 8-K filings for YOU.
Clear Secure Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Outlook
YOU
Earnings
Guidance Update
Share Buyback
- For the fourth quarter of 2025, Clear Secure reported revenue of $240.8 million, an increase of 16.7% year-over-year, and Total Bookings of $287.1 million, up 25.4%. For the full year 2025, revenue was $900.8 million, up 16.9%, and Total Bookings were $977.2 million, up 17.2%. The company achieved a 33.2% Adjusted EBITDA margin in Q4 2025, an increase of 8.7 percentage points from Q4 2024, and generated $343.1 million of Free Cash Flow for the full year 2025.
- CLEAR1 delivered a record-breaking quarter, with bookings more than doubling year-over-year, and the company renewed its multi-year partnership with American Express. Total Clear Members grew to 38 million, up 31.5%, and Active Clear+ Members reached 7.6 million, up 6% year-over-year in Q4 2025.
- For the full year 2026, Clear Secure expects Free Cash Flow of at least $440 million, representing at least 28% year-over-year growth. The board of directors approved a 20% increase to the regular quarterly dividend, from $0.125 to $0.15 per share, and authorized a $125 million increase to the share repurchase program, bringing the total capacity to approximately $250 million.
3 days ago
Clear Secure Reports Strong Q4 and Full Year 2025 Results, Provides Optimistic 2026 Outlook
YOU
Earnings
Guidance Update
Dividends
- Clear Secure reported strong financial results for Q4 and full year 2025, with Q4 revenue growing 16.7% to $240.8 million and full year revenue reaching $900.8 million, up 16.9%. The company achieved 33.2% Adjusted EBITDA margins in Q4 and generated $343.1 million in Free Cash Flow for fiscal year 2025.
- For 2026, Clear Secure expects Free Cash Flow of at least $440 million and projects to exit the year with over $1 billion in cash on its balance sheet. The board approved a 20% increase to the regular quarterly dividend from $0.125 to $0.15 per share and authorized a $125 million increase to the share repurchase program.
- Strategic highlights include the renewal of a multi-year partnership with American Express and significant growth in its CLEAR1 enterprise business, which achieved record bookings and customer acquisitions in Q4 2025. The company also emphasized ongoing improvements to the member experience through its mobile app, Concierge program, and eGate rollout.
3 days ago
Clear Secure Reports Strong Q4 and Full Year 2025 Results, Raises Dividend, and Increases Share Repurchase Program
YOU
Earnings
Guidance Update
Dividends
- Clear Secure reported strong financial results for Q4 2025, with revenue of $240.8 million (up 16.7% year-over-year) and Total Bookings of $287.1 million (up 25.4% year-over-year). For the full year 2025, revenue reached $900.8 million, Total Bookings were $977.2 million, and the company generated $343.1 million in free cash flow. Q4 2025 adjusted EBITDA was $79.9 million, representing a 33.2% margin and an 8.7 percentage point increase year-over-year.
- The company provided 2026 full-year free cash flow guidance of at least $440 million, representing at least 28% year-over-year growth, and expects Q1 2026 revenue between $242 million and $245 million.
- The board approved a 20% increase to the regular quarterly dividend to $0.15 per share, and the share repurchase program was increased by $125 million, bringing the total authorization to $250 million. Additionally, the American Express partnership was renewed for a multi-year term, and the CLEAR1 business achieved a record-breaking quarter with bookings more than doubling year-over-year.
3 days ago
Clear Secure, Inc. Announces Fourth Quarter and Full Year 2025 Financial Results
YOU
Earnings
Guidance Update
Dividends
- Clear Secure, Inc. reported Q4 2025 revenue of $240.8 million, an increase of 16.7% year-over-year, and full-year 2025 revenue of $900.8 million, up 16.9%.
- For Q4 2025, Net Income was $46.5 million with Earnings per Common Share Basic and Diluted of $0.31, and Adjusted EBITDA reached $79.9 million, representing a 33.2% margin.
- Total CLEAR Members grew to 38.0 million, a 31.5% increase year-over-year, and Active CLEAR+ Members reached 7.6 million in the fourth quarter.
- The company provided Q1 2026 Revenue guidance of $242-245 million and Full Year 2026 Free Cash Flow guidance of at least $440 million.
- The Board of Directors declared an increased quarterly cash dividend of $0.15 per share and a special cash dividend of $0.20 per share, and authorized a $125.0 million increase to its existing share repurchase program.
3 days ago
Clear Secure Announces Q4 and Full Year 2025 Financial Results
YOU
Earnings
Dividends
Share Buyback
- Clear Secure reported Q4 2025 revenue of $240.8 million, a 16.7% year-over-year increase, and full-year 2025 revenue of $900.8 million, up 16.9%.
- For Q4 2025, net income was $46.5 million and diluted EPS was $0.31; full-year 2025 net income was $168.1 million with diluted EPS of $1.12.
- The company announced a 20% increase in its quarterly cash dividend to $0.15 per share and a special cash dividend of $0.20 per share. The Board also authorized a $125.0 million increase to its share repurchase program, bringing the remaining authorization to approximately $250.3 million.
- Clear Secure provided Q1 2026 revenue guidance of $242-245 million and full-year 2026 Free Cash Flow guidance of at least $440 million.
3 days ago
Clear Secure Wins CMS Contract
YOU
New Projects/Investments
Revenue Acceleration/Inflection
- Clear Secure secured a contract with the Centers for Medicare & Medicaid Services (CMS) to integrate its Clear1 biometric identity platform into Medicare.gov starting in early 2026, aiming to modernize identity verification and enhance security for Medicare beneficiaries and providers.
- The announcement led to a 10.6% surge in Clear Secure's stock price, reaching $36.03, reflecting increased investor confidence.
- The company demonstrates strong financial health with an Altman Z-Score of 3.19 and a Piotroski F-Score of 7, although a Beneish M-Score of -0.51 suggests potential financial result manipulation.
- Clear Secure's CLEAR1 platform is HIPAA-compliant and certified to NIST IAL2/AAL2 standards, providing a secure solution to counter AI-driven identity threats in healthcare.
Dec 9, 2025, 1:50 PM
Clear Secure Reports Strong Q3 2025 Results and Raises Full-Year Free Cash Flow Guidance
YOU
Earnings
Guidance Update
Product Launch
- Clear Secure reported Q3 2025 revenue of $229.2 million, a 15.5% year-over-year increase, and total bookings of $260.1 million, up 14.3%. This resulted in an adjusted EBITDA of $70.1 million, representing a 30.6% margin, and a 23% operating margin.
- Active Clear Plus members grew to 7.7 million, up 7.5% year-over-year, while total members reached 35.8 million, a 35.1% increase, driven by the scaling of Clear One.
- The company raised its full-year 2025 free cash flow guidance to at least $320 million and provided Q4 2025 revenue guidance of $234-$237 million and total bookings guidance of $265-$270 million.
- Strategic initiatives include the continued rollout of eGates, expected in at least 30 airports by year-end and nationwide in 2026, and the expansion of Clear Plus to 40 international country passport holders.
Nov 6, 2025, 1:00 PM
YOU Reports Q3 2025 Financial Results and Operational Progress
YOU
Earnings
Guidance Update
Product Launch
- Clear reported Q3 2025 revenue of $229.2 million, a 15.5% year-over-year increase, and total bookings of $260.1 million, up 14.3% year-over-year. The company achieved a 23% operating margin and a 30.6% adjusted EBITDA margin.
- Active Clear Plus members grew 7.5% year-over-year to 7.7 million, with total members reaching 35.8 million, up 35.1% year-over-year.
- The eGates rollout commenced, now in 10 airports with plans for at least 30 by year-end, significantly improving member experience and verification speed to approximately five seconds. Clear Concierge is live at 23 airports, and international enrollment is expanding to over 40 countries.
- For Q4 2025, Clear projects revenue of $234-$237 million and total bookings of $265-$270 million. The full-year 2025 free cash flow guidance was raised to at least $320 million.
Nov 6, 2025, 1:00 PM
Clear Secure Reports Strong Q3 2025 Results and Raises Full-Year Free Cash Flow Guidance
YOU
Earnings
Guidance Update
Product Launch
- Clear Secure reported Q3 2025 revenue of $229.2 million, a 15.5% year-over-year increase, and total bookings of $260.1 million, up 14.3% year-over-year.
- The company achieved significant profitability improvements in Q3 2025, with an operating margin of 23% and an adjusted EBITDA margin of 30.6%, representing expansions of 5.3 and 6.1 percentage points, respectively, compared to Q3 2024.
- Active Clear Plus members grew to 7.7 million, up 7.5% year-over-year, and total members reached 35.8 million, an increase of 35.1% year-over-year.
- Clear Secure commenced the rollout of eGates across its network, with plans for nationwide expansion into 2026, and increased its full-year 2025 free cash flow guidance to at least $320 million.
- For Q4 2025, the company expects revenue between $234 million and $237 million and total bookings between $265 million and $270 million.
Nov 6, 2025, 1:00 PM
Clear Secure, Inc. Announces Third Quarter 2025 Financial Results
YOU
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Clear Secure, Inc. reported Q3 2025 revenue of $229.2 million, an increase of 15.5% year-over-year, and Total Bookings of $260.1 million, up 14.3% year-over-year. The company achieved net income of $45.1 million and Adjusted EBITDA of $70.1 million for the quarter.
- Active CLEAR+ Members grew to 7.7 million in Q3 2025, representing a 7.5% year-over-year increase.
- For the fourth quarter of 2025, the company expects revenue between $234 million and $237 million and Total Bookings between $265 million and $270 million, with bookings growth accelerating relative to Q3 2025.
- Clear Secure, Inc. increased its Full Year 2025 Free Cash Flow guidance from at least $310 million to at least $320 million.
Nov 6, 2025, 11:02 AM
Quarterly earnings call transcripts for Clear Secure.
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