Thu, May 8, 12:22 PM (3 days ago)
**Clear Secure, Inc. (YOU) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $211.4 million, up 18% YoY. - **Operating Income:** $37.4 million, up 58% YoY. - **Net Income:** $38.6 million, up 20% YoY. - **Cash Flow from Operations:** $98.3 million, up 23% YoY. - **Adjusted EBITDA:** $52.18 million, up 28% YoY. - **Adjusted EBITDA Margin:** 25%, up from 23% YoY. **Profit Margins:** - **Operating Margin:** 18%. - **Net Margin:** 18%. **Key Metrics:** - **Active CLEAR+ Members:** 7,415, up 9% YoY. - **Total Cumulative Enrollments:** 31,215, up 42% YoY. - **Total Cumulative Platform Uses:** 248,895, up 29% YoY. - **Annual CLEAR+ Gross Dollar Retention:** 87.1%, down 2.7% YoY. **Cash Flow & Liquidity:** - **Cash & Cash Equivalents:** $87.6 million. - **Marketable Securities:** $442.3 million. - **Net Increase in Cash:** $20.3 million. **Shareholder Returns:** - **Share Repurchases:** $101.7 million (4.3 million shares) in Q1 2025. - **Dividends:** $0.125 per share quarterly dividend declared. **Future Operations & Impact:** - **Growth Strategy:** Focus on increasing Total Cumulative Enrollments, retaining CLEAR+ Members, and adding new partners. - **Uncertainties:** Dependent on macroeconomic factors, regulatory changes, and competitive dynamics. - **Commitments:** $188.4 million in future minimum payments for operating leases and other agreements. **Trends & Outlook:** - **Positive Trends:** Strong revenue growth, increased operating income, and improved cash flow. - **Challenges:** Decrease in Annual CLEAR+ Gross Dollar Retention and potential impacts from macroeconomic factors. - **Future Outlook:** Continued focus on growth, innovation, and strategic partnerships to drive long-term value.