CLEAR Announces Third Quarter 2026 Financial Results

What happened

Clear Secure announced third-quarter 2026 results, reporting revenue of $292.9 million, up 27.8% year over year, and operating income of $82.9 million. Net income was $75.3 million. The company said operating cash use and negative free cash flow reflected an approximately $315 million settlement of accrued partnership liabilities.

Confirmed

Global impact / market context

Revenue and bookings growth alongside higher reported income indicate expanding business activity, while the settlement sharply affected cash flow in the quarter. For investors, the distinction matters: profits rose, but cash available after operating needs was negative, so the settlement’s one-time or continuing effects deserve attention.

Analyst inference

The results present a mixed picture: membership and revenue grew, and reported profit per sale improved, but cash flow was negative after a large partnership-liability payment. If growth continues, more members and locations could support revenue; continued cash demands could instead limit funds for expansion.

Analyst inference

What to watch

1. Track whether the company reports positive operating cash flow in later quarters, and whether it identifies further partnership-liability payments that could again reduce cash available. Analyst inference
2. Watch the next results for member and CLEAR+ subscriber growth, which could show whether expanding membership is continuing to support revenue gains. Analyst inference
3. The company reported a network of CLEAR+ airports and retail locations with TSA PreCheck enrollment as of September 30, and said Tampa International Airport launched in early November. Confirmed

Evidence

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