Shares of Clear Secure, Inc. (NYSE: YOU) plummeted 7.37% in pre-market trading on Thursday following the release of its first-quarter 2025 financial results. The identity verification technology company reported mixed earnings, with an EPS miss and a year-over-year decline in profitability, despite beating revenue expectations.

Clear Secure announced quarterly earnings of $0.26 per share, falling short of the analyst consensus estimate of $0.27 by 3.7%. This represents a 7.14% decrease from the $0.28 per share reported in the same period last year. The earnings miss and decline in profitability appear to be the primary drivers behind the stock's pre-market plunge.

On a more positive note, the company reported quarterly sales of $211.37 million, surpassing the analyst consensus estimate of $208.02 million by 1.61%. This figure represents an 18.05% increase over sales of $179.05 million from the same period last year. However, the strong revenue growth was not enough to offset investor concerns about the company's profitability, as reflected in the stock's pre-market performance. The market's reaction suggests that investors are prioritizing bottom-line results over top-line growth in the current economic environment.