Clear Secure Q1 revenue rises 18.1% to $211.4 million; EPS $0.26 vs $0.20
Clear Secure reported first-quarter 2025 revenue of $211.4 million, up 18.1% year over year, and net income of $38.6 million, compared with $32.1 million a year earlier. It also gave second-quarter 2025 revenue guidance of $214-216 million and reaffirmed full-year 2025 Free Cash Flow expectations of at least $310 million, so shareholders can compare growth and cash generation against those targets.
Key points
- Q1 2025 revenue was $211.4 million, up 18.1%; Total Bookings were $207.2 million, up 14.8%
- Net income was $38.6 million; basic and diluted EPS were $0.26 each, versus $0.20 in Q1 2024
- Annual CLEAR+ Gross Dollar Retention was 87.1%, down 140 basis points sequentially, which the company attributed to past price increases
- Q2 2025 guidance: revenue of $214-216 million and Total Bookings of $215-220 million; full-year Free Cash Flow of at least $310 million reaffirmed
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.