Overview

* Clear Secure ( YOU ) fiscal Q2 revenue up 17.5%, beating analyst expectations, per LSEG data

* Adjusted EBITDA for fiscal Q2 exceeds analyst estimates, per LSEG data

* Co repurchased 1 mln shares, returning $42.7 mln to shareholders in fiscal Q2

Outlook

* Clear Secure sees Q3 2025 revenue of $223-226 mln

* Company expects Q3 2025 bookings of $253-258 mln

* Clear Secure ( YOU ) reaffirms full-year free cash flow of at least $310 mln

* Company anticipates adjusted EBITDA margin expansion for full year 2025

Result Drivers

* MEMBER GROWTH - Active CLEAR+ Members increased by 7.5% year-over-year, contributing to revenue growth

* SERVICE EXPANSION - Expansion of CLEAR+ for international travelers and launch of new services like Concierge and CLEAR ID supported operational achievements

* CLEAR1 TRACTION - Record number of deals signed for CLEAR1 product in Q2, indicating strong business momentum

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $219.50 $214.90

Revenue mln mln (8

Analysts

)

Q2 Net $37.90

Income mln

Q2 Beat $60.10 $52.60

Adjusted mln mln (7

EBITDA Analysts

)

Q2 Basic $0.26

EPS

Q2 Free $117.90

Cash mln

Flow

Q2 Gross $222.90

Bookings mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy."

* Wall Street's median 12-month price target for Clear Secure Inc ( YOU ) is $28.00, about 7.1% below its August 4 closing price of $29.99

* The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)