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CLEAR Announces Third Quarter 2025 Financial Results
GlobenewswireĀ· 2025-11-06 11:00
Core Insights - Clear Secure, Inc. reported strong financial results for Q3 2025, with revenue of $229.2 million, a year-over-year increase of 15.5% [6] - The company emphasized the importance of secure identity solutions amid rising cybersecurity threats, highlighting the growth of its CLEAR brand [4] Financial Performance - Revenue for Q3 2025 was $229.2 million, up 15.5% from $198.4 million in Q3 2024 [6][8] - Total bookings reached $260.1 million, reflecting a 14.3% increase year-over-year [6][8] - Operating income was $52.6 million, with a margin of 23.0% [6] - Net income stood at $45.1 million, representing a net income margin of 19.7% [6] - Adjusted EBITDA was $70.1 million, with a margin of 30.6% [6] Membership and Engagement - Active CLEAR+ Members grew to 7.7 million, a 7.5% increase year-over-year [6] - The company expanded its CLEAR+ service for international travelers to over 40 countries [6] - CLEAR launched eGates in 10 airports, with plans to expand to 30 by the end of 2025 [6] Capital Allocation and Guidance - The company returned approximately $16.7 million to shareholders in Q3 2025 through dividends [6] - A quarterly cash dividend of $0.125 per share was declared, payable on December 24, 2025 [6] - For Q4 2025, revenue guidance is set at $234-237 million, indicating a 14.2% year-over-year growth at the midpoint [6] - Total bookings for Q4 2025 are projected to be between $265-270 million, representing a 16.8% year-over-year growth at the midpoint [6] Operational Achievements - CLEAR+ service is available in 60 airports and 328 TSA PreCheckĀ® Enrollment locations as of September 30, 2025 [6] - The company continues to see momentum in its CLEAR1 enterprise service, signing a record number of new customers in the quarter [6]
CLEAR and Wellstar Health System Modernize the Patient Experience Using CLEAR1's Digital Check-In
GlobenewswireĀ· 2025-10-20 20:30
Core Insights - CLEAR and Wellstar Health System are enhancing patient experiences and operational efficiency through the integration of CLEAR's identity platform, CLEAR1, which streamlines the patient check-in process [1][2][4] Company Overview - CLEAR is a secure identity company with over 33 million members, focused on creating frictionless experiences across various sectors, including healthcare [6] - Wellstar Health System is a non-profit health system in Georgia, committed to personalized patient care and innovation, providing over $1 billion annually in charity care [7][8] Technology Implementation - Wellstar is the first health system to implement CLEAR1 for patient check-ins, integrated with Epic Welcome, allowing patients to check in using a selfie at kiosks or tablets [2][3] - The initial launch at Avalon Health Park in May 2024 has led to plans for expansion to over 150 locations within Wellstar's system [3] Key Outcomes - Digital check-in adoption increased from 2% to 10%, with 73% of patients expressing willingness to use the technology again [7] - CLEAR1-enabled check-ins saved over 1,500 staff hours in just six months, allowing staff to focus on more complex patient needs [7] - By linking appointments to verified identities, Wellstar has reduced duplicate patient records, projected to save $2 million for every 25,000 patients verified through CLEAR1 [7]
Docusign and CLEAR Enable Seamless Identity Verification for Digital Agreements
PrnewswireĀ· 2025-09-18 20:15
Core Insights - Docusign and CLEAR have launched a new identity verification solution aimed at enhancing security and user experience in digital agreements [1][2] - The partnership addresses the increasing threat of identity fraud, particularly driven by generative AI, which is predicted to result in a significant rise in fake candidate profiles by 2028 [2][3] - The new solution integrates CLEAR's biometric verification technology into Docusign's platform, allowing users to verify their identity quickly and securely [3][4] Company Developments - Docusign's CEO, Allan Thygesen, emphasized that the partnership allows businesses to balance security and customer experience [2] - CLEAR's CEO, Caryn Seidman Becker, highlighted the importance of identity integrity in building trust within digital workflows [2] - Docusign plans to introduce Risk-Based Verification, which tailors the verification process based on user risk profiles, enhancing security without sacrificing speed [4] Industry Context - A report indicated that 66% of businesses view fraud prevention and customer experience as competing priorities, with 58% concerned that stronger measures may frustrate customers [6] - Companies investing in advanced identity verification solutions have reportedly saved an average of $8 million by reducing fraud [6] - The partnership between Docusign and CLEAR is positioned as a pioneering effort to create a more efficient and secure method for managing digital agreements [5]
CLEAR and Tampa General Hospital Announce Partnership to Strengthen Workforce Identity Security
GlobenewswireĀ· 2025-08-20 10:00
Core Insights - CLEAR and Tampa General Hospital (TGH) have partnered to integrate CLEAR1, a biometric identity verification platform, into TGH's identity access management system, enhancing operational efficiency and security against cyber threats [1][2][3] Company Overview - CLEAR is a secure identity company with over 33 million members, focused on creating frictionless experiences while ensuring privacy and security [7] - Tampa General Hospital is a 1,529-bed not-for-profit academic health system recognized for its high-quality care and innovative digital solutions [9][10] Partnership Details - The integration of CLEAR1 into TGH's PingOne DaVinci platform automates password resets, reducing the need for manual help desk intervention [1][4] - This partnership positions TGH as a leader in healthcare security, addressing threats like social engineering and credential theft [2][3] Operational Benefits - TGH has automated 80% of account recovery requests, significantly reducing IT intervention and freeing up help desk resources [8] - Help desk resolution time has improved by 99%, decreasing multi-factor authentication reset time from 4.5 days to just 20 minutes [8] - Account-related support calls have decreased by 22%, leading to measurable operational savings [8] Future Plans - TGH plans to expand the use of CLEAR's secure verification to patient-facing workflows through integration with Epic MyChart, further enhancing digital experiences [6]
Hackensack Meridian Health and CLEAR Partner to Bring Secure, Seamless Digital Identity to the Patient Experience
GlobenewswireĀ· 2025-08-18 10:00
Core Insights - Hackensack Meridian Health has partnered with CLEAR to enhance patient check-in and medical record access, marking a significant advancement in healthcare technology in the tri-state area [1][3][5] Group 1: Partnership Details - The partnership will utilize CLEAR's identity platform, CLEAR1, integrated with Epic, allowing patients to verify their identity through a selfie, thus eliminating traditional paperwork [2][4] - The initial rollout will include MyChart Account Creation and Password Reset, followed by the implementation of CLEAR's Check-In experience at the John Theurer Cancer Center, making it the first cancer center in the U.S. to adopt this technology [4][5] Group 2: Benefits and Impact - The integration aims to streamline the patient experience, making check-in as simple and secure as airport experiences with CLEAR, while also enhancing operational efficiency for Hackensack Meridian Health [3][4] - CLEAR's platform, which has over 33 million members, is expected to transform patient check-in into a seamless and secure process, improving access to care [4][8] Group 3: Organizational Background - Hackensack Meridian Health is New Jersey's largest health network, comprising 18 hospitals and over 500 patient care locations, committed to community health and well-being [6][7] - Hackensack University Medical Center is recognized as a top hospital nationally and is ranked 1 in New Jersey and the New York metro area [7]
Nordic and CLEAR partner to offer healthcare organizations a seamless, secure way to manage EHR accounts
PrnewswireĀ· 2025-08-11 13:30
MADISON, Wis., Aug. 11, 2025 /PRNewswire/ -- NordicĀ®, a global health and technology consulting company, and CLEAR (NYSE: YOU), the secure identity company, announced a new partnership to enhance healthcare information security and streamline patient and provider access across the healthcare ecosystem. Nordic and CLEAR partner to offer healthcare organizations a seamless, secure way to manage EHR accounts About Nordic Consulting Nordic is an award-winning health and technology consulting company that partne ...
CLEAR Announces Second Quarter 2025 Financial Results
GlobenewswireĀ· 2025-08-05 10:00
Core Insights - Clear Secure, Inc. reported strong financial results for Q2 2025, with significant growth in revenue, bookings, and free cash flow, indicating robust business momentum and innovation in their secure identity platform [5][7]. Financial Highlights - Revenue reached $219.5 million, up 17.5% year-over-year [7]. - Total bookings were $222.9 million, reflecting a 13.1% increase year-over-year [7]. - Operating income was $42.6 million, with a margin of 19.4% [7]. - Net income stood at $37.9 million, representing a net income margin of 17.3% [7]. - Adjusted EBITDA was $60.1 million, with an adjusted EBITDA margin of 27.4% [7]. - Free cash flow amounted to $117.9 million [7]. Operational Achievements - Active CLEAR+ members grew to 7.6 million, a 7.5% increase year-over-year [7]. - The company expanded its CLEAR+ service in the U.S. for international travelers from the U.K., Canada, Australia, and New Zealand [7]. - A premium, personalized Concierge service was launched in July 2025 [7]. - CLEAR ID is expected to be launched as a REAL ID for all U.S. travelers this month [7]. Capital Allocation Activities - The company repurchased 1.0 million shares at an average price of $23.96 per share during Q2 2025 [7]. - Approximately $42.7 million was returned to shareholders in Q2 2025, including $24.6 million under the share repurchase program and $18.1 million in dividends [7]. Guidance - For Q3 2025, revenue is projected to be between $223 million and $226 million, indicating a 13.1% year-over-year growth at the midpoint [7]. - Total bookings for Q3 2025 are expected to be between $253 million and $258 million, representing a 12.3% year-over-year growth at the midpoint [7]. - Full-year 2025 free cash flow expectations are reaffirmed at a minimum of $310 million [7].
CLEAR Joins White House and CMS Effort to Power an Interoperable, Secure Digital Health Ecosystem
GlobenewswireĀ· 2025-07-31 22:48
Core Insights - CLEAR is participating in the CMS Health Tech Ecosystem initiative to modernize healthcare through trusted identity solutions [1][2] - The initiative aims to enhance health data accessibility, interoperability, and patient empowerment while reducing provider burdens [2][3] Company Overview - CLEAR serves as an Identity Assurance Level 2 (IAL2) identity layer, facilitating secure and seamless patient experiences in healthcare [1][4] - The company has over 31 million members and a growing network of partners, focusing on privacy and user control over personal information [8] Technology and Solutions - CLEAR1 is a NIST IAL2/AAL2-compliant identity solution that provides reusable, privacy-centric credentials for patients and providers [4][7] - The platform is already in use by leading healthcare organizations, streamlining processes such as patient onboarding and access to medical records [3][5] Industry Impact - Over 60 companies have committed to the CMS Health Tech Ecosystem pledge, aiming to improve interoperability and reduce administrative burdens in healthcare [4][5] - The collaboration is expected to enhance the speed and reliability of identity verification across various healthcare providers [5][7]
Greenhouse and CLEAR Announce Partnership to Enable Candidate Verification
PrnewswireĀ· 2025-06-12 12:00
Core Insights - The recruitment industry is facing challenges due to overwhelming candidate pipelines influenced by remote work, economic uncertainty, and AI-driven mass applications, leading to a rise in fraudulent applications [1] - Gartner predicts that by 2028, up to 25% of job applicants could be fraudulent, utilizing advanced AI tools to circumvent standard hiring controls [1] Company Overview - Greenhouse is a leading hiring platform aimed at improving hiring processes for companies, providing AI-powered software that supports every stage from sourcing to onboarding [6][7] - The company has assisted over 7,500 organizations across various industries in enhancing their hiring performance [9] Product Features - Greenhouse Real Talent integrates with CLEAR1 to enhance candidate verification, allowing recruiters to focus on genuine candidates [2][4] - The integration enables seamless identity verification by matching a candidate's selfie with their government-issued ID, ensuring authenticity [8] - Over 31 million existing CLEAR users can verify their identity instantly with a selfie, streamlining the hiring process [8] Benefits - For customers, the integration reduces recruiting costs and saves time by filtering verified candidates, allowing hiring efforts to concentrate on the right individuals [8] - For candidates, the process offers a fast and secure way to verify their identity, enhancing trust with recruiters [8] Future Plans - The Greenhouse Real Talent + CLEAR1 integration is set to launch for select customers in Q3 2025, with further details to be announced [5]
CLEAR and Greenhouse Announce Partnership to Enable Candidate Verification
GlobeNewswire News RoomĀ· 2025-06-12 12:00
Core Insights - CLEAR has partnered with Greenhouse to enhance hiring processes through the integration of CLEAR1, an identity verification platform, aimed at improving trust and reducing manual screening in recruitment [1][4][8] Industry Context - The recruitment landscape is increasingly challenged by a surge in candidate applications driven by remote work and economic uncertainty, alongside a rise in fraudulent applications facilitated by AI technologies [2][3] - Gartner forecasts that by 2028, up to 25% of job applicants may be fraudulent, utilizing advanced AI tools to circumvent traditional hiring controls [2] Company Benefits - The integration of CLEAR1 into Greenhouse's Real Talent solution will allow for seamless verification of candidates, enhancing the efficiency of the hiring process [3][8] - Organizations using this integrated solution can expect to save time and reduce the risk of hiring fraudulent candidates, thereby improving the overall quality of hires [8][9] Candidate Experience - Candidates will benefit from a streamlined verification process, which involves simply taking a selfie to confirm their identity, making the application experience faster and more secure [3][8] - The integration will also allow candidates to verify their identity quickly if they are already CLEAR users, minimizing friction in the hiring process [8] Launch Timeline - The Greenhouse Real Talent and CLEAR1 integration is set to launch for select customers in Q3 2025, with further details to be announced [6]