Neutral
PRNewsWire
1 day ago
CLEAR Announces Third Quarter 2026 Financial Results
NEW YORK, Nov. 4, 2026 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, has released financial results for the third quarter 2026 on its Investor Relations website at https://ir.clearme.com. Third Quarter Financial Highlights (percentage change is expressed as year-over-year, unless otherwise specified) Revenue of $292.9 million was up 27.8%; Total Bookings of $323.5 million increased 24.4% Operating income of $82.9 million, representing a 28.3% operating income margin Net income of $75.3 million, representing a 25.7% net income margin and 600 basis points of year-over-year margin expansion Adjusted EBITDA of $103.9 million, representing a 35.5% Adjusted EBITDA margin and 490 basis points of year-over-year margin expansion Earnings per Common Share Basic and Diluted of $0.53 and $0.52, respectively Net cash used in operating activities of $(98.6) million; Free Cash Flow of $(103.8) million; both figures reflect the approximately $315 million settlement of our accrued partnership liabilities Operational Achievements Total CLEAR Members grew to 46.7 million, up 30.7% year-over-year and Active CLEAR+ Members grew to 8.5 million, up 14.5% year-over-year, as of September 30, 2026 62 CLEAR+ airports and 285 retail locations with TSA PreCheck® Enrollment Provided by CLEAR as of September 30, 2026; launched at Tampa International Airport in early November, bringing our network to 63 CLEAR+ airports eGates launched across 53 airports as of today; expect to cover the vast majority of our network by the end of 2026 CLEAR Concierge, a premium, personalized airport service now offered at 42 airports CLEAR1 delivered a milestone quarter with strong demand across core verticals; announced a pilot with the U.S. Department of Veterans Affairs in October to reimagine the Veteran experience across digital and physical touchpoints Capital Allocation Activities Approximately $191.4 million returned to shareholders in the third quarter of 2026, with $20.5 million related to our regular quarterly dividend of $0.15 per share and distributions, and $170.9 million related to share repurchases Clear Secure, Inc. announced today that its Board of Directors authorized a $175.0 million increase to its existing Class A Common Stock share repurchase program, resulting in an aggregate remaining authorization of approximately $254.4 million Clear Secure, Inc. additionally announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share, payable on December 24, 2026 to shareholders of record of Class A Common Stock as of the close of business on December 10, 2026 Fourth Quarter and Full Year 2026 Guidance Fourth quarter 2026 Revenue of $299-302 million, representing 24.8% year-over-year growth at the midpoint Fourth quarter 2026 Total Bookings of $335-340 million, representing 17.6% year-over-year growth at the midpoint Full Year 2026 Free Cash Flow guidance increased from at least $480 million to at least $490 million, representing at least 42.8% year-over-year growth "CLEAR's secure identity platform extends from homeland security to cybersecurity.
