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Clear Secure (YOU)
NYSE:YOU
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
0.34Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong growth across bookings, revenue, membership scale, enterprise momentum (ClearOne), and significant margin and free cash flow expansion. Operational improvements, product launches (app, eGates, Concierge), and large partnerships (American Express, CMS, Mount Sinai) reinforce multi-channel growth. Lowlights were limited to a one-time billing cleanup, exposure to travel-sector disruptions and government risk, and the broader escalating identity-threat environment. Overall the positives—robust top-line growth, record profitability, strong cash generation, and enterprise traction—substantially outweigh the limited operational and market risks discussed.Company Guidance
Strong Top-Line Growth (Q4 and FY2025)
Q4 revenue of $240.8M, up 16.7% year-over-year; full-year 2025 revenue of $900.8M, up 16.9% year-over-year.
Bookings Acceleration
Q4 total bookings of $287.1M, up 25.4% year-over-year; full-year bookings of $977.2M, up 17.2% year-over-year. Management called Q4 bookings growth 'north of 25%,' the highest since Q4 2023.
Membership Scale and ClearOne Momentum
Total Clear members grew to 38.0M, up 31.5% year-over-year. Active CLEAR Plus members reached 7.6M, up 6% year-over-year. ClearOne had its largest bookings quarter and more than doubled bookings year-over-year in Q4, and signed the largest number of new enterprise customers on record.
Record Profitability and Margin Expansion
Q4 adjusted EBITDA of $79.9M and adjusted EBITDA margin of 33.2%, an increase of 870 basis points versus Q4 2024. Full-year adjusted EBITDA of $262.2M and adjusted EBITDA margin of 29.1%, a 4.8 percentage-point expansion year-over-year.
Robust Free Cash Flow and Cash Position
Full-year net cash provided by operating activities of $372.5M and free cash flow of $343.1M (after $29.3M capex), significantly ahead of guidance. Ended 2025 with $703.0M of cash and marketable securities and expect to exit 2026 with over $1.0B and no debt.
Capital Returns and Share Count Reduction
Returned over $240M of capital in 2025, repurchased 5.3M shares for $106.3M (reducing shares outstanding by 3% to 133.2M). Total shares outstanding down ~14M (9%) since IPO. Board increased quarterly dividend by 20% (from $0.125 to $0.15) and authorized an additional $125M to repurchase program (total ~ $250M capacity).
Operational Improvements and Efficiency Gains
Cost of direct salaries & benefits improved to 19.3% of revenue (≈390 basis point improvement year-over-year). Full-year G&A grew at less than half the pace of revenue; stock-based compensation fell to 4.3% of revenue, showing disciplined dilution management.
Product & Partnership Progress
Relaunched mobile app, expanded Concierge to ~30 airports, rolled out eGates (late-Q4 deployments), extended multi-year partnership with American Express, and secured significant healthcare/enterprise traction including a multiyear integration with CMS and new healthcare partnerships (e.g., Mount Sinai).
YOU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
YOU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $33.47 | $46.51 | +38.96% |
Nov 06, 2025 | $31.68 | $31.91 | +0.73% |
Aug 05, 2025 | $29.78 | $31.62 | +6.18% |
May 08, 2025 | $25.97 | $24.00 | -7.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Clear Secure (YOU) report earnings?
Clear Secure (YOU) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Clear Secure (YOU) earnings time?
Clear Secure (YOU) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is YOU EPS forecast?
YOU EPS forecast for the fiscal quarter 2026 (Q1) is 0.31.