Quarterly ResultMay 6, 2026, 06:13 AM
Clear Secure Q1 Revenue $253M, EPS $0.38; Raises FY26 FCF Guidance
AI Summary
Clear Secure, Inc. announced strong financial results for the first quarter ended March 31, 2026, with revenue increasing by 19.7% to $253.0 million and total bookings up 40.8% to $291.7 million. The company reported a net income of $56.4 million and diluted EPS of $0.38. Operational achievements included growth in total CLEAR Members to 41.0 million and expansion of eGates and CLEAR Concierge services. Clear Secure also raised its full-year 2026 Free Cash Flow guidance to at least $465 million and declared a quarterly cash dividend of $0.15 per share.
Key Highlights
- Revenue of $253.0 million, up 19.7% year-over-year.
- Total Bookings of $291.7 million, increased 40.8% year-over-year.
- Net income of $56.4 million, representing a 22.3% net income margin.
- Diluted Earnings per Common Share of $0.38.
- Adjusted EBITDA of $80.6 million, with a 31.9% margin.
- Total CLEAR Members grew to 41.0 million, up 31.3% year-over-year.
- Full Year 2026 Free Cash Flow guidance increased to at least $465 million.
- Declared a quarterly cash dividend of $0.15 per share.