Clear Secure, Inc. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Clear Secure reported Q2 2026 revenue of $277.8M (up 26.6% YoY) and net income of $72.3M (26.0% margin). Total bookings reached $295.9M (+32.8% YoY). Total CLEAR members grew to 43.5M (+30.0% YoY) with Active CLEAR+ members at 8.3M (+15.2% YoY). The company raised full-year 2026 free cash flow guidance from at least $465M to at least $480M. EPS basic was $0.50; Adjusted EBITDA margin expanded 900 bps YoY to 36.4%, exceeding the 35% long-term target. The board declared a $0.15/share quarterly dividend (payable Sept 24, 2026) and the company returned ~$22.2M to shareholders in Q2.
Why this rating
Strong quarter with accelerating growth (26-33% across metrics), margin expansion beating targets, and raised full-year guidance. Results are ~10-12% of market cap annually; meaningful but not transformational for a $2.6B company. Positive execution drives confidence.
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