CLEAR reported third-quarter revenue of $292.9 million, up 27.8% year-over-year, bookings of $323.5 million, up 24.4%, and raised 2026 free cash flow guidance to at least $490 million.
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Clear Secure reported revenue growth of 28% and net income growth of 67% for the three months ended September 30, 2026. Active CLEAR+ Members increased 15%, with revenue growth driven by member growth and price increases.
Clear Secure, Inc. reported third-quarter revenue of $292.9 million, up 27.8%, and Total Bookings of $323.5 million, up 24.4%. It increased Full Year 2026 Free Cash Flow guidance to at least $490 million.
Clear Secure, Inc.’s Board adopted Third Amended and Restated By-Laws effective October 29, 2026, updating advance-notice requirements for director nominations and stockholder proposals to reflect the Securities and Exchange Commission’s “universal proxy” rules under Rule 14a-19.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 4, 2026TL;DR. CLEAR delivered 27.8% revenue growth, 24.4% bookings growth, a 35.5% adjusted EBITDA margin and CLEAR1 bookings close to three times last year's level, while raising full-year free cash flow guidance to at least $490 million and expecting further adjusted EBITDA margin expansion. It returned $170.9 million through Q3 share repurchases, but Q3 free cash flow was negative $103.8 million due to an approximately $315 million partnership-liability settlement; Q4 guidance calls for $299-$302 million of revenue and $335-$340 million of bookings and excludes potential large CLEAR1 contracts.
- + Q3 revenue increased 27.8% to $292.9 million, total bookings increased 24.4% to $323.5 million, adjusted EBITDA reached $103.9 million at a 35.5% margin, and net income reached $75.3 million at a 25.7% margin. new
- + Total CLEAR members grew 30.7% to 46.7 million and active CLEAR+ members grew 14.5% to 8.5 million.
- + CLEAR repurchased $170.9 million of shares in Q3 and increased its repurchase authorization by $175.0 million, leaving approximately $254.4 million authorized. new
- + CLEAR1 Q3 bookings were close to three times Q3 2025 bookings. new
- + CLEAR remains on track for significant year-over-year adjusted EBITDA margin expansion in the full year. new
- − Q3 operating cash flow was negative $98.6 million and free cash flow was negative $103.8 million. new
- − The Q3 cash outflow reflected an approximately $315 million settlement of accrued partnership liabilities. new
- − Q4 guidance excludes potential large CLEAR1 contracts because their signing timing is difficult to predict. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 181.73M | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDA Margin non-GAAP | 34.2% | Six Months Ended June 30, 2026 | — |
| CLEAR Concierge airports | 39 | Q2 2026 | — |
| CLEAR+ airports | 62 | Q2 2026 | — |
| eGates airports | 50 | Q2 2026 | — |
| Free Cash Flow non-GAAP | 374.47M | Six Months Ended June 30, 2026 | — |
| Total Bookings non-GAAP | $295.9M | Q2 2026 | — |
| TSA PreCheck Enrollment retail locations | 280 | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
YOU
this stock
Clear Secure, Inc.
|
$7.76B | +68.4% | +16.9% | — | 10.5% |
|
SAP
Sap SE
|
$277.94B | -1.2% | — | — | 0.1% |
|
QH
QUHUO Ltd
|
$254.40B | +162.0% | +59.7% | — | 0.0% |
|
SHOP
Shopify Inc.
|
$195.06B | -4.9% | +30.1% | 91.9 | 1.6% |
|
CRM
Salesforce, Inc.
|
$186.91B | -14.3% | +25.9% | 20.3 | 3.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 4, 2026
- This year
- 18
Clear Secure, Inc. reported third-quarter revenue of $292.9 million, up 27.8%, and Total Bookings of $323.5 million, up 24.4%. It increased Full Year 2026 Free Cash Flow guidance to at least $490 million.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| YOU | +29.9% | +38.8% | +3.3% | +28.5% | +68.4% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | +30.6% | +40.1% | +0.8% | +27.0% | +56.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.