Filing Flows › Clear Secure (YOU) › Q2 2025
Clear Secure (YOU) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Clear Secure (YOU) reported revenue of $219M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +4% from the quarter before. Operating margin was 19.4%, net earnings $24.7M (11.3% of revenue).
Clear Secure, Q2 2025: revenue $219M (+18% year over year), operating margin 19.4%, net earnings $24.7M, operating cash flow $123M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $219M | +4% | +18% |
| Operating profit | $42.6M | +14% | +40% |
| Net earnings | $24.7M | -3% | +3% |
| Operating cash flow | $123M | +25% | +7% |
| Free cash flow | $118M | — | +7% |
What changed
Revenue was $219.5M in Q2 2025, up 18% year over year and up 4% from the previous quarter.
Operating profit was $42.6M, a 19.4% margin (up 3.1 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 16% margin then. Total costs grew 13% against revenue growth of 18%. The fastest-growing cost line was Sales & marketing (+32%). Net earnings were $24.7M, up 3% year over year. The effective tax rate was 14.5%.
Operating cash flow was $123.0M (up 7% year over year), 325% of net income including minority interests. Non-cash charges added back $6.8M of depreciation and amortization and $10.3M of share-based compensation. Working capital and other items added $68.0M. After purchases of property and equipment ($5.1M), free cash flow as the company reports it was $117.9M.
Questions
What was Clear Secure's revenue in the second quarter 2025?
Clear Secure (YOU) reported revenue of $219M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +4% from the quarter before.
Was Clear Secure profitable in the second quarter 2025?
Operating profit was $42.6M (19.4% of revenue) and net earnings $24.7M.
Source: Clear Secure 10-Q on SEC EDGAR.