Shares of Clear Secure, Inc. (NYSE: YOU) are soaring 15.15% in early trading on Thursday following the company's release of better-than-expected third-quarter results and raised full-year guidance. The secure identity platform provider demonstrated strong growth across key metrics, surpassing analyst estimates and boosting investor confidence.
Clear Secure reported Q3 2025 revenue of $229.2 million, representing a 15.5% year-over-year increase and beating the consensus estimate of $224.8 million. The company's earnings per share (EPS) came in at $0.29, surpassing the expected $0.26. This solid financial performance was driven by continued growth in its user base, with Active CLEAR+ Members increasing to 7.7 million, up 7.5% compared to the same period last year.
Adding to investor optimism, Clear Secure's Q3 Adjusted EBITDA of $70.1 million significantly exceeded analyst expectations of $59.1 million, showcasing improved operational efficiency. The company also raised its full-year 2025 free cash flow guidance to at least $320 million, up from the previous forecast of at least $310 million. Furthermore, Clear Secure provided an upbeat outlook for the fourth quarter, projecting Q4 2025 revenue between $234 million and $237 million, exceeding analyst expectations of $231.6 million.
Caryn Seidman Becker, CLEAR's CEO, commented on the results, 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."
The strong quarterly performance, raised guidance, and positive outlook for future growth have clearly resonated with investors, driving the significant uptick in Clear Secure's stock price. As the company continues to expand its services and user base, it appears well-positioned to capitalize on the growing demand for secure identity solutions in various sectors.
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