Clear Secure's fourth-quarter performance exceeded expectations, with revenue growth achieved

LootboxPhobia · 2026-02-25T12:27:48+00:00

Clear Secure, Inc. announced its Q4 earnings, with earnings per share of $0.31 beating expectations, and revenue of $240.8 million, a 16.7% year-over-year increase. The stock price rose by 1.61%, and it is expected that both revenue and free cash flow will grow in 2026. The board of directors announced an increased dividend and expanded share repurchase program.

LootboxPhobia

2026-02-25 12:27:48

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New York - Clear Secure, Inc. (NYSE: YOU) reported fourth-quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.31, up $0.03 from the widely expected $0.28.

Revenue reached $240.8 million, surpassing the $235.86 million forecast, representing a 16.7% year-over-year increase.

Following the earnings release, the company’s stock rose 1.61% in after-hours trading.

This security identity verification company provided a revenue guidance of $242 million to $245 million for the first quarter of 2026, also exceeding analyst expectations, with a midpoint of $243.5 million, about 2.7% higher than the market consensus of $237.1 million.

Adjusted EBITDA for the fourth quarter was $79.9 million, with a profit margin of 33.2%, expanding 870 basis points year-over-year.

The company generated $187.4 million in free cash flow this quarter, with an annual free cash flow of $343.1 million. For 2026, Clear Secure expects free cash flow to be at least $440 million, representing at least 28.2% year-over-year growth.

Caryn Seidman Becker, CEO of Clear Secure, stated, “We ended the year with accelerated revenue growth, achieving record-breaking annual profitability and free cash flow, while continuing to enhance the member experience as we expand our identity verification platform.”

Total bookings reached $287.1 million, a 25.4% year-over-year increase, marking the strongest quarterly growth since Q4 2023.

Active CLEAR+ members increased to 7.6 million, up 6.0% year-over-year, while total CLEAR members reached 38 million, a 31.5% increase.

The board of directors announced a quarterly dividend of $0.15 per share, a 20% increase from the previous quarter, along with a special dividend of $0.20 per share. The board also approved increasing the share repurchase program by $125 million.

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