CLEAR Secure Inc (NYSE:YOU) Q3 2025 Earnings: Revenue and EPS Beat Estimates, Shares Rally

CLEAR Secure Inc - Class A (NYSE:YOU) Reports Q3 2025 Earnings: Revenue and EPS Top Estimates, Shares Rally

Clear Secure Inc has released its financial results for the third quarter of fiscal year 2025, delivering performance that exceeded analyst expectations on key profit and revenue metrics. The secure identity company's report, coupled with an optimistic full-year outlook, has been met with positive momentum in the market.

Earnings and Revenue Performance

The company’s third-quarter results demonstrated robust financial health, with both top and bottom-line figures surpassing consensus estimates.

• Revenue: Reported $229.2 million, exceeding the analyst estimate of $227.1 million and representing a 15.5% increase year-over-year.
• Earnings Per Share (EPS): Reported GAAP EPS of $0.29, beating the estimated $0.29. On a non-GAAP basis, which is often watched closely by investors, the company also reported EPS of $0.29, coming in above the estimated $0.2857.

This performance underscores the company's ability to not only grow its top line but also translate that growth into profitability, with the quarter showing a net income of $45.1 million and a strong operating income margin of 23.0%.

Market Reaction

The market responded favorably to the earnings beat and the company's forward guidance. In pre-market trading following the announcement, shares of CLEAR Secure Inc (NYSE:YOU) saw a significant uptick of approximately 7.9%. This positive price action suggests investor confidence was bolstered by the company's ability to outperform expectations and its reaffirmed financial trajectory for the full year.

Operational Highlights and Business Momentum

Beyond the headline financial numbers, the earnings release highlighted several key operational achievements that point to sustained growth.

• Member Growth: Active CLEAR+ Members grew to 7.7 million, a 7.5% increase compared to the same quarter last year.
• Network Expansion: The company continues to expand its physical and digital footprint, now operating in 60 CLEAR+ airports and 328 TSA PreCheck® Enrollment locations. The rollout of eGates is underway, with plans to expand to 30 airports by the end of the year.
• Strong Bookings: Total Bookings reached $260.1 million, up 14.3% year-over-year, indicating healthy future revenue visibility.

Forward Guidance and Comparison to Estimates

Management provided guidance for the fourth quarter and updated its full-year outlook, which appears competitive against existing analyst projections.

• Q4 2025 Revenue Guidance: The company forecasts Q4 revenue between $234 million and $237 million. At the midpoint of $235.5 million, this slightly exceeds the current analyst sales estimate of $233.91 million for the quarter.
• Full-Year 2025: The company reaffirmed its expectation for Adjusted EBITDA margin expansion and increased its Full Year 2025 Free Cash Flow guidance from at least $310 million to at least $320 million. This strong cash flow outlook aligns with a business model that collects subscription fees upfront.

CEO Caryn Seidman Becker emphasized the company's strategic position, stating, “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.”

Capital Return to Shareholders

Demonstrating a commitment to returning value to shareholders, the company’s Board of Directors declared a quarterly cash dividend of $0.125 per share, payable in December 2025. This continues the company's pattern of consistent capital returns.

For a detailed breakdown of historical earnings, future estimates, and analyst projections, you can review the earnings and estimates page for YOU.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, financial analysis, or a recommendation to buy or sell any security. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.