Clear Secure, Inc. Q3 2025 Earnings Recap

CLEAR reported robust fiscal Q3 2025 results, with revenue increasing by 15.5% year-over-year to $229.2 million, driven by strong member growth and innovative service expansions.

Key Takeaways

• Active CLEAR+ Members reached 7.7 million, up 7.5% year-over-year, reflecting enhanced customer experience and successful member acquisition strategies.
• Revenue and total bookings exceeded guidance, with bookings growing 14.3% year-over-year to $260.1 million, highlighting effective market penetration.
• The rollout of eGates significantly improved member throughput and experience, further attracting new customers and improving loyalty metrics.
• CLEAR1, the enterprise identity platform, achieved record customer sign-ups, underscoring the increasing demand for security solutions across sectors, particularly in healthcare.
• CLEAR's partnerships, including with American Express and health technology firms, are enhancing its market position and expanding its addressable market.