Secure identity platform Clear Secure's Q2 revenue growth beats estimates on higher sign-ups

CLEAR Secure

05/08/2025 11:14

Overview

Clear Secure fiscal Q2 revenue up 17.5%, beating analyst expectations, per LSEG data

Adjusted EBITDA for fiscal Q2 exceeds analyst estimates, per LSEG data

Co repurchased 1 mln shares, returning $42.7 mln to shareholders in fiscal Q2

Outlook

Clear Secure sees Q3 2025 revenue of $223-226 mln

Company expects Q3 2025 bookings of $253-258 mln

Clear Secure reaffirms full-year free cash flow of at least $310 mln

Company anticipates adjusted EBITDA margin expansion for full year 2025

Result Drivers

MEMBER GROWTH - Active CLEAR+ Members increased by 7.5% year-over-year, contributing to revenue growth

SERVICE EXPANSION - Expansion of CLEAR+ for international travelers and launch of new services like Concierge and CLEAR ID supported operational achievements

CLEAR1 TRACTION - Record number of deals signed for CLEAR1 product in Q2, indicating strong business momentum

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$219.50 mln
$214.90 mln (8 Analysts)
Q2 Net Income
$37.90 mln
Q2 Adjusted EBITDA
Beat
$60.10 mln
$52.60 mln (7 Analysts)
Q2 Basic EPS
$0.26
Q2 Free Cash Flow
$117.90 mln
Q2 Gross Bookings
$222.90 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Clear Secure Inc is $28.00, about 7.1% below its August 4 closing price of $29.99

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX9x0xyD

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)