CLEAR Secure Q2 Earnings Call Highlights

2 weeks ago 17

MarketBeat

Sun, August 9, 2026 astatine 1:03 PM CDT 6 min read

Key Points

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Strong Q2 performance: Total bookings roseate 32.8% to $295.9 cardinal and gross accrued 26.6% to $277.8 million. CLEAR reached a 36.4% adjusted EBITDA borderline and generated grounds quarterly escaped currency travel of $189 million.
Travel concern continued expanding: Total members grew 30% twelvemonth implicit twelvemonth to 43.5 million, portion CLEAR+ members reached 8.3 million. The institution added airdrome locations, expanded Concierge to 39 airports, deployed eGates crossed much than 70% of its web and raised modular rank pricing to $219.
CLEAR1 gained momentum, portion near-term currency travel faces a payment: New lawsuit signings and the pipeline each accrued much than 50% sequentially arsenic request grew crossed government, healthcare, workforce and user markets. CLEAR expects third-quarter antagonistic escaped currency travel owed to a astir $315 cardinal partnership-liability payment, but raised full-year 2026 free-cash-flow guidance to astatine slightest $480 million.

CLEAR Secure (NYSE:YOU) reported fiscal second-quarter 2026 results marked by double-digit bookings and gross growth, expanding profitability and grounds quarterly escaped currency flow, portion absorption highlighted continued concern successful airdrome services and its CLEAR1 individuality platform.

The institution ended the 4th with 43.5 cardinal full members, up 30% twelvemonth implicit year, and 8.3 cardinal progressive CLEAR+ members, up 15.2%. Total bookings roseate 32.8% to $295.9 million, portion gross accrued 26.6% to $277.8 million.

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Founder, Chair and Chief Executive Officer Caryn Seidman Becker said the institution generated $189 cardinal successful escaped currency travel during the quarter, a 60% summation from a twelvemonth earlier. She besides said CLEAR surpassed the 35% adjusted EBITDA borderline people established astatine the clip of its IPO 5 years ago, reporting a 36.4% adjusted EBITDA margin.

Travel products thrust subordinate maturation

Management attributed travel-business momentum to its "home-to-gate" strategy, which combines airdrome information entree with mobile question tools, concierge services and different airdrome offerings. Becker said the company's mobile app, which includes calendar synchronization, question guidance, airdrome wayfinding and unrecorded updates, is averaging 1 cardinal monthly users.

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CLEAR continued expanding its airdrome footprint during the quarter. Chief Financial Officer Jen Hsu said Indianapolis and Bentonville became the company's 2 newest CLEAR+ airdrome locations. CLEAR Concierge, its work offering airdrome assistance, expanded to 7 further locations and is present disposable successful 39 airports.

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