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Earnings

Clear Secure jumps 28.81% after strong third quarter and a higher cash flow forecast

The company behind CLEAR airport identity lanes grew revenue 27.8%, added members and expanded its buyback.

· AP's Morning Brief

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Clear Secure (YOU) shares were up $13.76, or 28.81%, at $61.52 as of 1:10 p.m. ET on Wednesday, compared with Tuesday's regular-session price of $47.76, after the company behind the CLEAR airport identity lanes posted third-quarter results that beat expectations.

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Revenue rose 27.8% from a year earlier to $292.9 million, and total bookings grew 24.4% to $323.5 million, the company said. Net income came in at $75.3 million, and adjusted EBITDA reached $103.9 million, a 35.5% margin. Active CLEAR+ members grew 14.5% to 8.5 million, while total CLEAR members reached 46.7 million.

The company raised its full-year 2026 free cash flow forecast to at least $490 million from at least $480 million. CNBC noted that the new target tops the FactSet consensus of $482.9 million. For the fourth quarter, Clear expects revenue of $299 million to $302 million.

Third-quarter free cash flow was negative $103.8 million, but the company said that reflected a scheduled payment of about $315 million to clear accrued partnership liabilities tied mainly to credit card benefits. Starting in the first quarter of 2027, those payments move to a quarterly schedule, which management said should make cash flow more even through the year.

The board also added $175 million to the share repurchase program.

Sources

  1. Nasdaq.com quote (YOU) — YOU last sale $61.52, net change +13.76, +28.81% as of Nov 4, 2026 1:10 PM ET (implies prior regular-session price $47.76).
  2. Yahoo Finance chart data (YOU) — Nov 3, 2026 regular-session price $47.76; $61.41 as of 13:09 ET Nov 4, 2026.
  3. Clear Secure investor relations — Q3 revenue $292.9 million, up 27.8%; total bookings $323.5 million, up 24.4%; net income $75.3 million; adjusted EBITDA $103.9 million, 35.5% margin; free cash flow $(103.8) million reflecting payment of approximately $315 million of accrued partnership liabilities; Q4 revenue $299-302 million; full-year 2026 free cash flow guidance raised from at least $480 million to at least $490 million.
  4. The Motley Fool earnings call transcript — Active CLEAR+ members 8.5 million, up 14.5%; total CLEAR members 46.7 million; board authorized $175 million increase to share repurchase program; quarterly partnership payments begin first quarter of 2027; liabilities relate primarily to merchant credit card benefits.
  5. CNBC — Clear Secure soared 33% midday after lifting full-year free cash flow forecast to at least $490 million, topping FactSet consensus of $482.9 million; Q3 topped estimates.