Clear Secure Revenue Rises 27.8% to $292.9 Million in Third Quarter

What happened

Clear Secure reported third-quarter 2026 revenue of $292.9 million, up 27.8% from a year earlier, and net income of $75.3 million. Adjusted EBITDA, a measure of operating earnings, was $103.9 million; diluted earnings per share were $0.52. Its member base and airport services also grew.

Confirmed

Global impact / market context

Revenue growth alongside higher reported earnings suggests the business is expanding while generating substantial income. However, operating cash flow was negative because a roughly $315 million settlement of accrued partnership liabilities used cash; that one-time payment makes cash available an important counterpoint to profit.

Analyst inference

The results show growth in both membership and airport reach: total CLEAR Members rose 30.7%, while Active CLEAR+ Members rose 14.5%, and service operated at 63 airports after a Tampa launch. Continued expansion may support future revenue, but the article gives no outlook or cost forecast.

Analyst inference

What to watch

1. Track whether active CLEAR+ membership continues to grow, since recurring member demand could support revenue; the article reports 8.5 million active members, up 14.5% year over year. Analyst inference
2. Watch whether eGate installations meet the stated year-end 2026 aim to cover most of the airport network, as wider use could require continued spending and operations support. Proposed
3. Assess future cash flow after the approximately $315 million partnership-liability settlement; reported operating cash used was $98.6 million, despite positive net income. Analyst inference

Evidence

• Original source link unavailable