Clear Secure announced a new contract with the Centers for Medicare & Medicaid Services (CMS) to deploy its CLEAR1 secure identity platform on Medicare.gov. The agreement will replace legacy identity checks with a multi‑layered verification system that uses biometrics, document authenticity checks and source validation, and is scheduled for integration in early 2026.
The CMS deal marks a strategic expansion into the federal health‑tech ecosystem, giving Clear a high‑volume, high‑visibility platform that serves millions of Medicare beneficiaries and providers. By securing a government contract, Clear diversifies its customer base beyond travel and commercial identity verification, creating a recurring revenue stream that is less sensitive to economic cycles and enhances its competitive moat in secure identity technology.
Clear’s Q3 2025 financial results provide context for the contract’s impact. Revenue rose 15.5% year‑over‑year to $229.2 million, driven by strong demand in its healthcare and commercial segments. Operating income margin expanded to 23.0% and net income margin reached 19.7%, reflecting disciplined cost management and a favorable mix of high‑margin contracts. Management guided Q4 2025 revenue to $234–$237 million and total bookings to $265–$270 million, up 14.3% year‑over‑year, signaling confidence in continued growth.
The revenue and margin gains stem from a shift toward higher‑margin healthcare contracts and the scalability of the CLEAR1 platform, which requires relatively low incremental cost per additional user. Cost control initiatives—such as optimizing cloud infrastructure and streamlining support operations—helped preserve margins even as overall revenue grew. The mix shift toward government and large‑enterprise contracts, which carry higher pricing power, further bolstered profitability.
CEO Caryn Seidman Becker emphasized that identity is the foundation of trust in healthcare. “Modernizing Medicare.gov’s identity platform is a critical step toward reducing fraud and improving access to care,” she said. “Our technology is already HIPAA‑compliant and certified by the Kantara Initiative for NIST IAL2/AAL2 standards, giving CMS confidence in its security and reliability.”
The CMS contract positions Clear for long‑term growth. The recurring fee structure and the high‑volume nature of Medicare.gov provide a stable revenue base that can offset cyclical demand in other segments. Additionally, the partnership strengthens Clear’s reputation as a trusted identity provider in regulated industries, opening doors to further government and healthcare contracts. The deal is expected to contribute materially to Clear’s top‑line and margin trajectory in the coming quarters, reinforcing its strategic shift toward high‑value, high‑security identity solutions.
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