NYSE$YOU

Clear Secure Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Clear Secure reported Q3 2025 revenue of $229.2M with net income attributable to Clear of $28.3M and diluted EPS of $0.29.

Third-quarter revenue grew 16% to $229.2 million as CLEAR Plus memberships and airport platform usage increased. Net income attributable to Clear Secure was $28.3 million and diluted EPS was $0.29. Nine-month revenue was $660.0 million with net income attributable to Clear of $78.4 million.

  • Q3 revenue $229.2M (+16% YoY).
  • Net income attributable to Clear $28.3M; diluted EPS $0.29.
  • Nine-month revenue $660.0M (+17% YoY).
  • Membership and travel volumes drive platform revenue.

Headline financials

Total Revenue

$229M

Previous: $198M+15.5%
EPS (adj)

$0.29

Previous: $0.25+16.0%
Total Bookings

$260M

Previous: $228M+14.3%
Total CLEAR Members

35.8M

Previous: 26.5M+35.1%
Total Platform Uses

280.3M

Previous: 220.4M+27.2%
Active CLEAR+ Members

7.7M

Previous: 7.2M+7.5%
Gross Dollar Retention

86.9%

Previous: 89.0%-2.4%
Annual Member Usage

7

Previous: 7.1-1.4%
Capital Expenditures

-$18.3M

Previous: -$9.26M-97.8%
Net Income

$28.3M

Previous: $23.5M+20.5%
Operating Income

$52.6M

Previous: $35.1M+49.9%

Revenue & EPS history

Clear · Revenue · Quarterly

$229M

Q3 2025+15.5%vs Q3 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The filing discusses Clear Secure's outlook for upcoming periods, including capital allocation, operating priorities, and market risks disclosed in the quarterly report.

Tailwinds

  • Clear Secure cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+2.3%

Avg return

Earnings day

+4.8%

Avg return

5 days after

+3.4%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+39.3%

Q4 2025

Best reaction

-10.7%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.7%-3.3%-8.3%
Q4 2025+39.3%+43.5%+41.7%
Q3 2025+0.8%+17.2%+5.4%
Q1 2025-0.2%-4.2%+2.7%
Q4 2024-6.5%+0.0%+11.7%
Q3 2024-0.3%-24.6%-25.7%
Q2 2024-9.6%+13.3%+42.3%
Q1 2024+0.2%-3.8%-5.4%
Q4 2023+4.5%+2.7%+15.5%
Q3 2023-1.0%+10.1%+25.1%
Q2 2023-0.1%-0.7%-5.7%
Q1 2023+3.7%-1.1%+2.5%
Q4 2022-6.2%-4.6%-14.9%
Q3 2022+2.9%+25.1%+22.9%
Q2 2022+3.4%-5.1%-14.3%
Q1 2022+12.3%+36.6%-7.8%
Q4 2021+10.0%+14.0%+34.3%
Q3 2021-2.2%-14.2%-41.8%
Q2 2021-10.7%-9.0%-15.5%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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