Clear Secure 2025 Q1 Earnings Record Net Income Growth
Daily EarningsFriday, May 9, 2025 3:05 am ET
3min readClear Secure reported its fiscal 2025 Q1 earnings on May 08th, 2025. exceeded market expectations with a noteworthy 18.1% increase in total revenue, reaching $211.37 million compared to $179.05 million in Q1 2024. The company also provided optimistic guidance for Q2 2025, anticipating revenue between $214 million and $216 million. This aligns with their strategic growth trajectory, with the expected total bookings ranging from $215 million to $220 million, reflecting continued expansion. Clear Secure reaffirmed its full-year 2025 free cash flow guidance of at least $310 million, maintaining a GAAP tax rate expectation between 17% and 20%.
Revenue
The total revenue of Clear Secure increased by 18.1% to $211.37 million in 2025 Q1, up from $179.05 million in 2024 Q1.
Earnings/Net Income
Clear Secure's EPS rose 30.0% to $0.26 in 2025 Q1 from $0.20 in 2024 Q1, marking continued earnings growth. Meanwhile, the company's profitability strengthened with net income of $38.58 million in 2025 Q1, marking 20.2% growth from $32.09 million in 2024 Q1. Remarkably, in 2025 Q1, the company set a new record high for fiscal Q1 net income, the highest in 4 years. The EPS growth reflects positively on the company’s earnings performance.
Price Action
The stock price of Clear Secure has edged down 0.90% during the latest trading day, has edged down 0.49% during the most recent full trading week, and has edged down 1.10% month-to-date.
Post-Earnings Price Action Review
The strategy of purchasing Clear Secure shares following revenue increases and holding them for 30 days has consistently yielded impressive results over the past five years. This approach has significantly outperformed the market, delivering an annual return of 9.16% with 66.88% of months in positive territory. This is compared to the benchmark's annual return of 13.81% and 69.38% of months in positive territory. Such performance illustrates the strategy's effectiveness in capitalizing on the stock's upward momentum driven by earnings-related events.
CEO Commentary
Caryn Seidman-Becker, Chair and CEO, expressed enthusiasm about CLEAR's growth trajectory, noting "momentum across our travel footprint" and the scaling of the TSA PreCheck enrollment program. She highlighted the introduction of new products to enhance member experience and emphasized the importance of biometrics in creating efficient travel environments. Despite challenges in the recent operating climate, she stated, "We are thrilled with our engagement with the current administration," showcasing confidence in public-private partnerships. Seidman-Becker concluded with optimism about the company's improving member experience and expanding network, indicating a positive outlook for future growth.
Guidance
For Q2 2025, CLEAR expects revenue between $214 million and $216 million, and total bookings of $215 million to $220 million, reflecting growth rates of 15.1% and 10.4%, respectively. The company reaffirms its full-year 2025 free cash flow guidance of at least $310 million, maintaining a GAAP tax rate expectation between 17% and 20%.
Additional News
Recently, Clear Secure announced a regular quarterly dividend of $0.125 per share, which will be paid on June 17, 2025, to holders of Class A and Class B Common Stock recorded as of June 10, 2025. This move underscores the company’s commitment to returning value to its shareholders. Additionally, Clear Secure expanded its TSA PreCheck enrollment services by opening a new location at the Salesforce Transit Center in downtown San Francisco. This development marks Clear Secure’s first non-airport location in the area, enhancing convenience for TSA PreCheck members. Furthermore, the company announced leadership changes, with Michael Barkin joining as President and Jen Hsu named as CFO, while Ken Cornick transitions to an advisory role.
Revenue
The total revenue of Clear Secure increased by 18.1% to $211.37 million in 2025 Q1, up from $179.05 million in 2024 Q1.
Earnings/Net Income
Clear Secure's EPS rose 30.0% to $0.26 in 2025 Q1 from $0.20 in 2024 Q1, marking continued earnings growth. Meanwhile, the company's profitability strengthened with net income of $38.58 million in 2025 Q1, marking 20.2% growth from $32.09 million in 2024 Q1. Remarkably, in 2025 Q1, the company set a new record high for fiscal Q1 net income, the highest in 4 years. The EPS growth reflects positively on the company’s earnings performance.
Price Action
The stock price of Clear Secure has edged down 0.90% during the latest trading day, has edged down 0.49% during the most recent full trading week, and has edged down 1.10% month-to-date.
Post-Earnings Price Action Review
The strategy of purchasing Clear Secure shares following revenue increases and holding them for 30 days has consistently yielded impressive results over the past five years. This approach has significantly outperformed the market, delivering an annual return of 9.16% with 66.88% of months in positive territory. This is compared to the benchmark's annual return of 13.81% and 69.38% of months in positive territory. Such performance illustrates the strategy's effectiveness in capitalizing on the stock's upward momentum driven by earnings-related events.
CEO Commentary
Caryn Seidman-Becker, Chair and CEO, expressed enthusiasm about CLEAR's growth trajectory, noting "momentum across our travel footprint" and the scaling of the TSA PreCheck enrollment program. She highlighted the introduction of new products to enhance member experience and emphasized the importance of biometrics in creating efficient travel environments. Despite challenges in the recent operating climate, she stated, "We are thrilled with our engagement with the current administration," showcasing confidence in public-private partnerships. Seidman-Becker concluded with optimism about the company's improving member experience and expanding network, indicating a positive outlook for future growth.
Guidance
For Q2 2025, CLEAR expects revenue between $214 million and $216 million, and total bookings of $215 million to $220 million, reflecting growth rates of 15.1% and 10.4%, respectively. The company reaffirms its full-year 2025 free cash flow guidance of at least $310 million, maintaining a GAAP tax rate expectation between 17% and 20%.
Additional News
Recently, Clear Secure announced a regular quarterly dividend of $0.125 per share, which will be paid on June 17, 2025, to holders of Class A and Class B Common Stock recorded as of June 10, 2025. This move underscores the company’s commitment to returning value to its shareholders. Additionally, Clear Secure expanded its TSA PreCheck enrollment services by opening a new location at the Salesforce Transit Center in downtown San Francisco. This development marks Clear Secure’s first non-airport location in the area, enhancing convenience for TSA PreCheck members. Furthermore, the company announced leadership changes, with Michael Barkin joining as President and Jen Hsu named as CFO, while Ken Cornick transitions to an advisory role.
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