Slide 1: CLEAR Announces First Quarter 2026 Financial Results
CLEAR Announces First Quarter 2026 Financial Results NEW YORK, May 6, 2026 – Clear Secure, Inc. (NYSE: YOU), the secure identity company, has released financial results for the first quarter 2026 on its Investor Relations website at https://ir.clearme.com. First Quarter Financial Highlights (percent
Slide 2: Key Performance Indicators
Members are always in control of their own information, and we do not sell biometric or sensitive personal data. For more information, visit clearme.com. Key Performance Indicators Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Total Bookings (in millions) $ 207.2 $ 222.9 $ 260.1 $ 287.1 $ 291.7 Total CLEA
Slide 3: Condensed Consolidated Balance Sheets
CLEAR SECURE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (dollars in thousands, except share and per share data) March 31, December 31, 2026 2025 Assets Current assets: Cash and cash equivalents $ 170,675 $ 85,734 Marketable securities 629,401 614,439 Accounts receivable 1,062 1,925 Prep
Slide 4: Condensed Consolidated Statements of Operations
CLEAR SECURE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (dollars in thousands, except share and per share data) Three months ended March 31, 2026 2025 Revenue $ 253,003 $ 211,368 Operating expenses: Cost of revenue share fee 36,878 29,567 Cost of direct salaries and benefits 4
Slide 5: Condensed Consolidated Statements of Cash Flows
CLEAR SECURE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (dollars in thousands) Three months ended March 31, 2026 2025 Operating activities: Net income $ 56,384 $ 38,583 Adjustments to reconcile net income to net cash provided from operating activities: Depreciation of property
Slide 6: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to our results as determined in accordance with GAAP, we disclose Adjusted EBITDA, Adjusted EBITDA Margin, and Free Cash Flow as non-GAAP financial measures that management believes provide useful information to investors. These measures are not financial meas
Slide 7: Risk Factors and Forward-Looking Statements
agreements with First parties; risks related to the dependence of portions of our business and results of operations on concessionaire agreements; risks associated with our growth and ability to develop and introduce platform features and offerings, and the need for adequate research and development
Slide 8: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA and Net Income Margin to Adjusted EBITDA Margin: Three months ended March 31, (In thousands) 2026 2025 Net income $ 56,384 $ 38,583 Income tax expense 14,361 5,422 Interest (income), net (6,761) (6,153) Other (income), net (1,538) (4) Depreciation and