Clear Secure, Inc. Reports Q4 and Full-Year 2025 Results with Revenue Growth and Adjusted EBITDA Improvement

Clear Secure, Inc. (YOU) released its financial results for the fourth quarter and full fiscal year 2025, highlighting sustained growth in revenue and profitability. The company reported fourth-quarter revenue of $142.3 million, up 12% from $127.1 million in the same period of 2024. Full-year 2025 revenue reached $538.1 million, compared to $480.5 million in 2024, driven by increased demand for its cybersecurity and secure communications solutions across government and defense sectors. The company’s adjusted EBITDA improved to $61.4 million in the fourth quarter, compared to $51.2 million in the prior-year quarter, representing a 20% increase. For the full year, adjusted EBITDA totaled $218.7 million, up from $189.3 million in 2024. This growth reflects ongoing cost optimization initiatives and higher-margin contract execution, particularly in classified communications infrastructure projects. Clear Secure reported a net loss of $18.9 million for Q4 2025, compared to a net loss of $15.3 million in the same quarter of 2024, primarily due to increased restructuring charges and one-time integration costs related to recent acquisitions. However, the company maintained positive free cash flow of $45.6 million for the full year, supporting its strategic investments and debt management. The results were generally in line with the company’s guidance issued in January 2025. Investors reacted cautiously, with the stock experiencing a slight 1.2% decline in after-hours trading. The defense technology sector saw modest activity following the release, with other government-focused cybersecurity firms showing minor price fluctuations.