Clear Secure, Inc. (YOU)
NYSE:YOU
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Earnings Data
Report Date
Aug 17, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a clear positive operating and financial story: strong member and bookings growth, significant free cash flow acceleration, margin expansion and notable enterprise momentum with CLEAR1 (5x bookings YoY). Management acknowledged travel-system stress and the temporary impact of the TSA shutdown but conveyed confidence in retention, product rollouts (eGates, app, Concierge) and a disciplined plan to invest in product, sales and marketing while maintaining strong free cash flow and a robust balance sheet. The company raised full-year free cash flow guidance and provided Q2 growth guidance that, while lower than the Q1 surge, still implies healthy year-over-year growth.Company Guidance
Record Membership and Platform Scale
Total CLEAR members grew ~31.3% year-over-year to 41 million members, demonstrating strong platform scale and network effects.
Strong Revenue, Bookings and Member Growth
Revenue grew 19.7% YoY to $253 million. Total bookings increased 40.8% YoY to $291.7 million. Active CLEAR+ members rose 13% YoY to 8.2 million.
Material Profitability and Cash Generation Improvement
Adjusted EBITDA was $80.6 million with a 31.9% margin (≈32%), representing 7.2 percentage points of margin expansion YoY. Operating income was $62 million. Net cash provided by operating activities was $190.4 million.
Free Cash Flow More Than Doubled
Free cash flow doubled YoY to $185.5 million, a 103.2% increase year-over-year. Full-year FCF guidance was raised from at least $440 million to at least $465 million (management noted this implies roughly $120M increase YoY and ~36% YoY growth).
CLEAR1 Enterprise Momentum
CLEAR1 bookings were approximately 5x those of Q1 last year, with record large multiyear enterprise contracts and more signed deals (7-figure deals up). Management highlighted pipeline growth and strong net revenue retention.
Travel Experience Improvements Driving Retention
eGates now cover over 50% of the network with a plan to exceed 80% by end of Q2. CLEAR Plus average wait time is under 1 minute; one-step biometric entry takes ~5 seconds. NPS reached a 3-year high and mobile app adoption doubled; app ranked #4 in the Travel App Store.
Concierge Expansion and High-Margin Services
Demand for Concierge increased dramatically; service now offered in 32 airports. Management positioned Concierge as a high-margin, premium offering with plans for aggressive scaling.
Strong Balance Sheet and Financial Flexibility
Ended the quarter with $800 million in cash and marketable securities, providing strategic flexibility to invest in product, marketing and GovTech opportunities (FedRAMP milestone achieved).
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 |
|---|---|---|---|
May 06, 2026 | $58.77 | $60.94 | +3.69% |
Feb 25, 2026 | $33.22 | $46.16 | +38.96% |
Nov 06, 2025 | $31.44 | $31.66 | +0.72% |
Aug 05, 2025 | $29.56 | $31.38 | +6.17% |
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, Inc. (YOU) report earnings?
Clear Secure, Inc. (YOU) is schdueled to report earning on Aug 17, 2026, Before Open (Confirmed).
What is Clear Secure, Inc. (YOU) earnings time?
Clear Secure, Inc. (YOU) earnings time is at Aug 17, 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 (Q2) is 0.4.