YOU Clear Secure, Inc.
Price Chart
Executive Summary
Clear Secure reported Q1 2026 revenue of $253.0M (+19.7% YoY) and GAAP diluted EPS of $0.38, beating the Street consensus of $0.35. The company raised its full-year 2026 Free Cash Flow guidance from at least $440M to at least $465M, and guided Q2 2026 revenue of $268-271M (+22.8% YoY at midpoint), signaling accelerating growth.
Key Financial Metrics
Actionable Insight
The accelerating revenue growth (+19.7% YoY vs +16.7% in Q4 2025), 40.8% bookings growth, and raised FCF guidance point to strong momentum across both CLEAR Travel and CLEAR1. The stock should re-rate higher on the beat-and-raise. Watch for continued CLEAR1 enterprise adoption and eGates rollout as catalysts.
Key Facts
- Revenue of $253.0M, up 19.7% YoY vs $211.4M in Q1 2025
- GAAP diluted EPS $0.38 vs consensus $0.35 (beat by ~8.6%)
- Total Bookings of $291.7M, up 40.8% YoY
- Operating income of $62.0M (24.5% margin) vs $37.4M (17.7% margin) in Q1 2025
- Free Cash Flow of $185.5M, up 103% YoY from $91.3M
- Full-year 2026 FCF guidance raised from at least $440M to at least $465M
- Q2 2026 revenue guidance $268-271M (+22.8% YoY at midpoint)
- Active CLEAR+ Members grew 13.0% YoY to 8.2M; Total CLEAR Members up 31.3% to 41.0M
- CLEAR1 bookings increased approximately fivefold YoY
- Quarterly dividend maintained at $0.15/share; $56.4M returned to shareholders in Q1
Financial Impact
Revenue beat consensus by ~$8.6M (3.5%), EPS beat by $0.03 (8.6%), FCF guidance raised by $25M
Risk Factors
- Active CLEAR+ Member growth of 13% YoY lags Total Member growth of 31%, suggesting mix shift to lower-value members
- Annual CLEAR+ Gross Dollar Retention declined to 86.4% in Q4 2025 from 88.5% a year earlier (latest disclosed)
- Heavy reliance on travel industry; any downturn could pressure results
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001856314-26-000013 |
| Document: you-20260506.htm | 0001856314-26-000013 |
| Document: 0001856314-26-000013-index-headers.html | 0001856314-26-000013 |
| Document: 0001856314-26-000013-index.html | 0001856314-26-000013 |
| Document: 0001856314-26-000013.txt | 0001856314-26-000013 |
| 8-K Data (Synthetic) | 0001856314-26-000013 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
2d ago
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Institutional Cluster
| $51.04 awaiting T+5 | awaiting T+5 | — | $50.25 (−1.55%) |
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May 28, 2026
17d ago
|
144
| $56.72 $56.08 | ▼ −1.13% | ▼ −1.08% | $50.25 (−11.41%) |
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May 6, 2026
5w ago
|
8-K
| $60.94 $57.64 | ▼ −5.42% | ▼ −6.55% | $50.25 (−17.54%) |
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Mar 4, 2026
14w ago
|
Insider Cluster
| $48.03 $44.79 | ▼ −6.75% | ▼ −5.42% | $50.25 (+4.61%) |
|
Feb 25, 2026
15w ago
|
8-K
| $46.16 $48.03 | ▲ +4.06% | ▲ +5.16% | $50.25 (+8.87%) |
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Feb 25, 2026
15w ago
|
Insider Cluster
| $46.16 $48.03 | ▼ −4.06% | ▼ −5.16% | $50.25 (−8.87%) |
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Feb 25, 2026
15w ago
|
Insider Cluster
| $46.16 $48.03 | ▲ +4.06% | ▲ +5.16% | $50.25 (+8.87%) |
|
Feb 25, 2026
15w ago
|
Insider Cluster
| $46.16 $48.03 | ▼ −4.06% | ▼ −5.16% | $50.25 (−8.87%) |
US Market Status
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