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Clear Secure, Inc.’s main customers are travelers who pay upfront for annual CLEAR+ memberships. The service links a member’s identity to biometric information and provides access to dedicated lanes at airport security checkpoints. CLEAR+ supplies substantially all revenue; CLEAR verifies identity, while the Transportation Security Administration (TSA) still performs physical security screening. Partners help bring in subscribers, including American Express, whose eligible cardholders receive credits covering all or part of the membership cost.
The company also earns revenue by processing TSA PreCheck enrollments and renewals. Separately, businesses use CLEAR1 to verify people’s identities and pay annual platform fees plus charges based on use or user counts. These activities remain secondary to CLEAR+.
The business depends on attracting and retaining paying members and maintaining access to airports under agreements with airport operators or, at some locations, airlines. Air travel demand matters because the core subscription serves travelers. Airport services are subject to TSA standards and oversight, and PreCheck enrollment requires continuing TSA approval. Privacy and biometric laws also restrict how the company collects and uses personal information.
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Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Delta Air Lines sells flights and promotes CLEAR+ to its passengers, whose airport visits support demand for Clear Secure’s paid airport-security lane service. Watch Delta’s core-hub flight growth and premium travel business: airports supplied 66% of CLEAR+ member acquisitions in 2025.
United Airlines brings paying passengers into airports and promotes CLEAR+ to its customers, supporting both subscriptions and new-member acquisition for Clear Secure’s airport-security lane service. Changes in United’s passenger traffic across its U.S. hubs are worth watching because airport visits are CLEAR+’s largest source of new members.
Mitek Systems competes with Clear Secure’s CLEAR1 for businesses paying to verify people’s identities, using documents, biometrics and checks that a real person is present. Its digital-identity recurring revenue is the relevant business to watch for CLEAR1 competition, rather than its mobile check-deposit product.
authID competes with Clear Secure’s CLEAR1 for enterprise customers paying to verify identities with biometrics and manage workforce identities. Watch its IDX product, which lets employees reuse identity credentials across enterprise subsidiaries—the workforce market is also a focus for CLEAR1.
Aware competes with Clear Secure’s CLEAR1 for enterprise and government customers buying software to enroll people and verify their identities using biometrics. Its workforce enrollment, remote enrollment and access-control business is the part to watch for overlap with CLEAR1’s customer focus.
Intellicheck competes with the document-checking part of Clear Secure’s CLEAR1, charging customers per transaction or through fixed-price licenses to authenticate identity documents. Watch its updates for U.S. and Canadian IDs: keeping pace with new document formats is central to the service it sells against CLEAR1.
United Airlines Holdings, Inc. earningsUAL
United Airlines' report will show whether passenger traffic at its U.S. hubs is changing, bringing more or fewer potential members into Clear Secure's largest CLEAR+ acquisition channel.
Focus on passenger traffic at United Airlines' U.S. hubs, not just the airline's overall results. More traffic means more passengers Clear Secure can reach and potentially enroll in CLEAR+ at airports; weaker traffic narrows that largest acquisition channel. Traffic is not the same as sign-ups, so the conclusion is whether those passengers turn into paying Clear Secure members.
Mitek Systems, Inc. earningsMITK
Mitek Systems, Inc.'s report will show whether businesses are spending more or less on digital identity verification, offering a demand and competition signal for Clear Secure's CLEAR1 in an overlapping market.
Focus on changes in Mitek Systems, Inc.'s recurring revenue from digital identity, not its mobile check-deposit business. Growth would show that business customers continue to spend in this identity-verification market, supporting the demand backdrop for CLEAR1; weakness could point to more cautious customer spending or stronger competition. Mitek's results do not prove how CLEAR1 sales changed, but they help show where demand and competition in the overlapping market are heading.
Clear Secure, Inc. earningsThis company
Clear Secure earns most of its revenue from CLEAR+ subscriptions, and this report will show whether paid membership and subscription sales are growing and turning into revenue.
Read Active CLEAR+ Members alongside Total Bookings, which is revenue plus the change in deferred revenue and reflects subscription sales and partner billings. Growth in both, with revenue growing too, would show paid-member demand and sales turning into revenue; bookings rising faster than revenue would mean upfront sales have not yet flowed through to recognized revenue, or growth has not reached reported revenue. Flat members or bookings would raise questions about whether growth from pricing can last. Then compare operating costs with revenue growth to see whether the added business is improving operating returns.
