Clear Secure, Inc. Reports Strong Q1 2025 Growth

Clear Secure, Inc. ( (YOU) ) has released its Q1 earnings. Here is a breakdown of the information Clear Secure, Inc. presented to its investors.

Clear Secure, Inc. is a company specializing in identity verification technology, primarily operating in the security and technology sector, known for its CLEAR+ membership service that facilitates expedited airport security screening.

In its first quarter of 2025, Clear Secure, Inc. reported significant financial growth, with revenue reaching $211.4 million, an 18.1% increase from the previous year, and total bookings rising by 14.8% to $207.2 million. The company also highlighted operational achievements, including a 42.3% increase in total cumulative enrollments and the expansion of its CLEAR+ membership base to 7.4 million active members.

Key financial metrics for the quarter include an operating income of $37.4 million, representing a 17.7% operating margin, and a net income of $38.6 million. The company also reported a strong free cash flow of $91.3 million and an adjusted EBITDA of $52.2 million, reflecting a 24.7% margin. Additionally, Clear Secure, Inc. returned $168.3 million to shareholders through share repurchases and dividends.

Strategically, the company launched a one-step mobile enrollment feature and expanded its TSA PreCheck® enrollment services to 165 locations. It also formed new partnerships in the healthcare sector and with DocuSign, enhancing its service offerings and market reach.

Looking ahead, Clear Secure, Inc. remains optimistic about its growth trajectory, expecting continued revenue and booking increases in the second quarter of 2025. The company aims to maintain its momentum by enhancing member experiences and expanding its identity platform for both individual and enterprise customers.