Clear Secure Q1 2025: Revenue up 18% to $211M; EPS $0.26; Adj. EBITDA $52.2M

Clear Secure, Inc.

Revenue $211.4M (+18.1% YoY), Net income $38.6M, diluted EPS $0.26.
Adjusted EBITDA $52.2M (24.7% margin); Operating income $37.4M (17.7% margin).
Active CLEAR+ Members 7.4M (+9.1%); Cumulative Enrollments 31.2M (+42.3% YoY).
Repurchased 4.3M shares at avg $23.84; returned $168.3M to shareholders.
Free Cash Flow $91.3M; launched ePassport mobile enrollment and Docusign partnership.

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