Clear Secure Grows Q1 Revenue 19.7%, Doubles Free Cash Flow to $185.5 Million as eGates Launch
Updated
Updated · CNBC · Jul 21
Clear Secure Grows Q1 Revenue 19.7%, Doubles Free Cash Flow to $185.5 Million as eGates Launch
2 articles · Updated · CNBC · Jul 21
Summary
Free cash flow jumped to $185.5 million in the first quarter as Clear Secure posted 19.7% revenue growth and said second-quarter growth should accelerate to 22.8%.
Clear1 is driving that expansion: bookings rose fivefold year over year, helped by a 41 million-member identity database that was up 31.3% and makes higher-margin reverification more valuable.
eGates, Clear+’s new facial-recognition system, verifies travelers in under five seconds without a human operator, a rollout analysts say could lift signups, renewals and labor efficiency.
Clear is increasingly pitching itself beyond airports into healthcare, finance and government, arguing trusted digital identity will become more critical as AI spreads and fraud risks rise.
The airport business still underpins the strategy through partnerships with airlines and American Express, which JPMorgan says accounts for about 30% of Clear’s 8.2 million active users.