CLEAR Q3 revenue rises 15.5% to $229.2 million; raises full-year free cash flow outlook
CLEAR Secure reported third-quarter 2025 revenue of $229.2 million, up 15.5% year over year, and net income attributable to Clear Secure of $28.3 million, up from $23.5 million. The company raised its full-year 2025 free cash flow guidance to at least $320 million from at least $310 million, though third-quarter free cash flow was negative $53.5 million due to an annual payment to a credit card partner.
Key points
- Q3 2025 revenue $229.2 million, up 15.5%; Total Bookings $260.1 million, up 14.3%
- Net income attributable to Clear Secure $28.3 million vs. $23.5 million a year earlier; Class A diluted EPS $0.29 vs. $0.25
- Full-year 2025 free cash flow guidance raised to at least $320 million from at least $310 million
- Q3 free cash flow was negative $53.5 million, reflecting an annual payment of about $229 million to a credit card partner; Q4 revenue guidance is $234-237 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits 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 November 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.