Clear Secure, Inc. (YOU) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to CLIR's Fiscal First Quarter 2025 Conference Call. We have with us today Karen Seidman-Becker, Co-Founder, Chair and Chief Executive Officer, Michael Barkin, President, and Jen Hsu, Chief Financial Officer. As a reminder, before we begin, today's discussion contains forward-looking statements about the company's future business and financial performance. These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in the documents the company has filed and furnished with the SEC, including today's shareholder letter. The company disclaims any obligations to update any forward-looking statements that may be discussed during this call. During this call, unless otherwise stated, all comparisons will be against the comparable period of fiscal year 2024. Additionally, the company will discuss both GAAP and non-GAAP financial measures. The reconciliation of GAAP to non-GAAP financial measures is provided in today's shareholder letter and the most recently filed quarterly report form 10-Q. These items can be found on the Investor Relations section of CLEAR's website. With that, I'll turn the call over to Karen. The floor is yours. Good morning, and thank you for joining our first quarter 2025 earnings call. I want to welcome our new president, Michael Barkin, and our new CFO, Jen Su, to their first CLEAR earnings call. I'm absolutely thrilled to have them as partners and an integral part of CLEAR's leadership team. Clear is building the leading secure identity platform, making it safer and easier for people to move through the world. In the first quarter, we saw momentum across our travel footprint, continued scaling...