Clear Secure Inc

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Equity

ISIN null / Valor 112040282

New York Stock Exchange, Inc (2026-05-29)

USD 55.45-2.24%

Clear Secure Inc
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About company

Clear Secure Inc. is a technology company specializing in biometric security and identity verification services, aiming to streamline the user experience in various settings, including airports, arenas, and businesses. Founded in 2010 by Caryn Seidman-Becker and Ken Cornick, the company has emerged from its initial bankruptcy to become a significant player in the identity verification sector. Clear Secure Inc. operates a secure identity platform that allows individuals to use their biometric data—such as fingerprints or eye scans—to confirm their identity, facilitating smoother and more secure access to services and locations. With over 55 airport locations and a growing presence in other domains, Clear Secure Inc. caters to both individual users and businesses, offering solutions designed to enhance customer satisfaction, trust, and loyalty by making transactions and access more efficient. The company boasts a substantial user base, with more than 18 million verified users across the United States, and has established partnerships with several major airlines and other businesses.

Summarized from source with an LLMView SourceSector: Consumer Services

Top-line and profitability

Q1 2026 revenue $253.0M (+19.7% YoY); operating income $62.0M (24.5% margin); net income $56.4M (22.3% margin); EPS basic/diluted $0.39/$0.38.

Bookings and growth indicators

Total Bookings were $291.7M (+40.8% YoY), a leading indicator cited by management for subscription and partner billing momentum.

Adjusted EBITDA and margin expansion

Adjusted EBITDA was $80.6M (31.9% of revenue), representing ~720 basis points of year‑over‑year margin expansion versus Q1 2025.

Cash flow and capital returns

Net cash provided by operating activities was $190.4M and Free Cash Flow $185.5M. Approximately $56.4M was returned to shareholders in Q1 2026 via regular and special dividends, distributions and $1.2M of share repurchases; a quarterly cash dividend of $0.15 per share was declared.

Membership and product traction

As of March 31, 2026 Clear reported 41.0 million Total CLEAR Members (+31.3% YoY) and 8.2 million Active CLEAR+ Members (+13.0% YoY). Operational rollouts include eGates in 43 airports, 60 CLEAR+ airports, 277 retail locations offering TSA PreCheck enrollment, CLEAR Concierge at 32 airports, and strong growth in CLEAR1 bookings (~5x YoY).

Balance sheet and liquidity

At quarter end, cash and cash equivalents were $170.7M with $629.4M in marketable securities; total current assets $864.9M and deferred revenue $554.9M, reflecting upfront subscription cash collection and near‑term visibility.

Guidance

Q2 2026 revenue guidance of $268–271M (≈ +22.8% YoY at midpoint) and Total Bookings guidance of $280–285M. Full‑year 2026 Free Cash Flow guidance was raised to at least $465M (≥35.5% YoY growth).

Summarized from source with an LLMView Source

Key figures

128%1Y

121%3Y

%5Y

Performance

56.3%1Y

50.9%3Y

61.3%5Y

Volatility