YOU Clear Secure (YOU) Q4 FY25 earnings call
Clear Secure delivered a strong quarter, marked by accelerating bookings and expanding profitability, driven by improvements in member experience and the growing momentum of its CLEAR1 enterprise business. The company is strategically positioned at the intersection of security and the experience economy, leveraging its trusted identity platform to capitalize on opportunities in both B2C travel and B2B sectors. Management is focused on continued investment in innovation and network expansion while maintaining disciplined capital returns.
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YOU operating KPIs by quarter
| KPI | This call Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Active CLEAR+ Members | 7.6MQ4 active CLEAR+ Members grew to 7.6 million, up 6% year-over-year and reflect a onetime cleanup of lapsed accounts as part of a billing system transformation project undertaken during 2025.Source: earnings call transcript | 8.2MTotal bookings increased 40.8% to $291.7 million and active CLEAR+ members grew to 8.2 million, up 13% year-over-year.Source: earnings call transcript | — | +7.9% |
| Total CLEAR Members | — | 41MWe ended this quarter with 41 million total CLEAR members, driving bookings of $292 million and free cash flow of $185 million.Source: earnings call transcript | 43.5MThe growing demand for our B2B offerings drove 30% year-over-year growth in total CLEAR members, reaching 43.5 million in the second quarter.Source: earnings call transcript | +6.1% |
| Ambassadors | 3,500And I think I'd just add that one of the benefits that we have from the member experience, improvements that we've had over the last year and implementing the eGates is that our ambassadors, right, 3,500 strong across our 60 airports can increasingly focus on hospitality and the customer experience in the airports.Source: earnings call transcript | 3,500+We stood with our partners supporting them and their families and over 3,500 CLEAR ambassadors worked hand in glove with the TSA to keep travelers moving pre and post security.Source: earnings call transcript | — | — |
| Airports Concierge | — | 32We are now offering Concierge service in 32 airports and remain in the early innings of scaling Concierge across our network, driving member awareness and adoption.Source: earnings call transcript | 39We expanded our network with Indianapolis and Bentonville representing the two newest CLEAR+ airports, and Concierge expanding to seven additional locations now available in 39 airports.Source: earnings call transcript | +21.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.