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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Clear Secure
Clear Secure (YOU) investor relations material
Clear Secure Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary4 Nov, 2026
Executive summary
Q3 revenue rose 27.8% YoY to $292.9M and Total Bookings increased 24.4% to $323.5M.
Active CLEAR+ Members reached 8.474M, up 14.5% YoY; Total CLEAR Members reached 46.741M, up 30.7%.
Adjusted EBITDA was $103.9M at a 35.5% margin; net income was $75.3M.
Financial highlights
Q3 revenue was $292.9M vs. $229.2M; operating income was $82.9M vs. $52.6M, up 58% YoY.
Q3 net income was $75.3M vs. $45.1M; diluted EPS was $0.52 vs. $0.29.
Adjusted EBITDA was $103.9M vs. $70.1M; margin was 35.5% vs. 30.6%.
Q3 operating cash flow was negative $98.6M and Free Cash Flow was negative $103.8M, reflecting the ~$315M partnership-liability settlement.
9M operating cash flow was $293.0M and Free Cash Flow was $270.6M.
Outlook and guidance
Q4 revenue guidance is $299M–$302M and Total Bookings guidance is $335M–$340M, representing midpoint YoY growth of 24.8% and 17.6%, respectively.
FY2026 Free Cash Flow guidance increased to at least $490M from at least $480M, implying at least 42.8% YoY growth; Adjusted EBITDA margin expansion remains expected.
Q4 guidance excludes potential large CLEAR1 contracts because signing dates are difficult to forecast; larger deal sizes may make bookings uneven.
Available cash, securities, operating cash flow and credit were expected to cover working capital, capex, dividends, potential repurchases and known commitments for at least 12 months.
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Latest events from Clear Secure
- Q2 2026 revenue up 27%, net income $72.3M, and free cash flow guidance raised to $480M.YOU
Q2 2026 - Revenue up 19.7%, net income margin at 22.3%, and strong growth in members and cash flow.YOUQ1 2026
- Key votes include director elections, auditor ratification, and governance amendments.YOUProxy filing
- Board recommends approval of all proposals, including governance and compensation changes.YOUProxy filing
- Board recommends approval of all proposals, including governance and compensation changes.YOUProxy filing
- Record 2025 growth and profitability drive strong 2026 outlook and expanded capital returns.YOUQ4 2025
- Q3 2025 revenue up 16% YoY, net income $45.1M, and CLEAR+ Members up 7.5% to 7.7M.YOUQ3 2025
- Q3 revenue up 24%, net income up 41%, enrollments surpassed 27M, and dividend raised 25%.YOUQ3 2024
- Q2 revenue up 25%, net income and free cash flow surged, and $150M in shares repurchased.YOUQ2 2024
Next Clear Secure earnings date
Q4 202624 Feb, 2027
Clear Secure
Next Clear Secure earnings date
Q4 202624 Feb, 2027
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Frequently asked questions
Clear Secure Inc operates an identity verification platform that expedites security screening processes at airports and other venues. The company's biometric security services use fingerprint and iris recognition technologies to authenticate identities quickly and securely. Clear serves air travel, sports, and entertainment sectors, providing members with faster access through dedicated lanes. The company is headquartered in New York, New York, and its shares are listed on the NYSE.