CLEAR Q4 revenue rises 16.7% to USD 240.8 million

Reuters02-25
CLEAR Q4 revenue rises 16.7% to USD 240.8 million

CLEAR reported Q4 FY2025 revenue of USD 240.8 million (up 16.7%) and total bookings of USD 287.1 million (up 25.4%). Operating income was USD 53.9 million (22.4% margin) and net income was USD 46.5 million (19.3% margin), with adjusted EBITDA of USD 79.9 million (33.2% margin). Q4 net cash provided by operating activities was USD 198.4 million and free cash flow was USD 187.4 million. For FY2025, CLEAR posted revenue of USD 900.8 million (up 16.9%) and total bookings of USD 977.2 million (up 17.2%). Operating income was USD 186.5 million (20.7% margin) and net income was USD 168.1 million (18.7% margin), while adjusted EBITDA totaled USD 262.2 million (29.1% margin). FY net cash provided by operating activities was USD 372.5 million and free cash flow was USD 343.1 million. Operationally, total CLEAR members reached 38.0 million (up 31.5%) and active CLEAR+ members were 7.6 million in Q4 (up 6.0%). The company renewed its multi-year partnership with American Express, reported 60 CLEAR+ airports and 340 retail locations for TSA PreCheck enrollment as of Dec. 31, 2025, and said eGates had launched across 37 airports, with a network-wide rollout targeted in 2026; CLEAR Concierge was available at 27 airports. CLEAR also said CLEAR1 delivered its largest bookings quarter to date and set a record for new enterprise customers signed in the quarter. CLEAR raised its quarterly cash dividend to USD 0.15 per share and declared a special cash dividend of USD 0.20 per share, both payable March 24, 2026, and increased its share repurchase authorization by USD 125.0 million to about USD 250.3 million remaining. For outlook, CLEAR guided Q1 FY2026 revenue of USD 242-245 million and Q1 FY2026 total bookings of USD 248-253 million, and said FY2026 free cash flow is expected to be at least USD 440 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clear Secure Inc. published the original content used to generate this news brief on February 25, 2026, and is solely responsible for the information contained therein.

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