10-Q quarterly report · filed May 6, 2026

Clear Secure, Inc. (YOU) Q1 2026 10-Q Quarterly Report

Short answer

Clear Secure, Inc. (YOU) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $253M (up 19.7% year over year) with net income of $39M.

Q1 2026 key financials · XBRL

Revenue
$253M
+19.7% YoY
Net income
$39M
+52.7% YoY
Operating margin
24.5%

Source: XBRL data from the Clear Secure, Inc. (YOU) Q1 2026 10-Q on SEC EDGAR. USD.

Clear Secure, Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $253.0M, up 20% YoY from $211.4M, driven by Active CLEAR+ Members and pricing
  • Net income margin 22% vs 18% YoY; Adjusted EBITDA margin 32% vs 25%
  • Total Bookings $291.7M, up 41% YoY from $207.2M
  • Operating cash flow $190.4M vs $98.3M; Free Cash Flow $185.5M vs $91.3M
  • Headwinds: travel levels, regulatory changes, TSA processes, staffing, and discretionary consumer spending

Risk Factors

  • No material risk-factor changes from the most recent 10-K
  • Carried-forward business, financial-condition, and operating-results risks remain applicable
  • Unknown or currently immaterial risks could materially adversely affect results
  • Quarterly filing provides no new regulatory, legal, operational, competitive, market, liquidity, debt, currency, or concentration risk details

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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