Clear Secure, Inc. (YOU) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.076 Good morning and welcome to Clear's Fiscal First Quarter 2026 Conference 00:00:05.076 -- 00:00:06.538 Call. 00:00:06.538 -- 00:00:11.864 We have with us today Karen Seidman-Becker, Founder, Chair, and Chief Executive Officer, 00:00:11.864 -- 00:00:16.529 Michael Barkin, President, and Jen Hsu, Chief Financial Officer. 00:00:16.529 -- 00:00:20.453 As a reminder, before we begin, today's discussion contains forward-looking statements 00:00:20.453 -- 00:00:24.197 about the company's future business and financial performance. 00:00:24.197 -- 00:00:29.309 These are based on management's current expectations or subject to risks and uncertainties. 00:00:29.309 -- 00:00:32.793 Factors that can cause actual results to differ materially from these statements are 00:00:32.793 -- 00:00:37.117 included in the documents the company has filed and furnished with the SEC, including 00:00:37.117 -- 00:00:41.982 today's press release. The company disclaims any obligation to update any forward-looking 00:00:41.982 -- 00:00:45.446 statements that may be discussed during this call. 00:00:45.446 -- 00:00:49.510 During this call, unless otherwise stated, all comparisons will be against the comparable 00:00:49.510 -- 00:00:52.393 period of fiscal year 2025. 00:00:52.393 -- 00:00:56.697 Additionally, the company will discuss both GAAP and non-GAAP financial measures. 00:00:56.697 -- 00:01:00.843 a reconciliation of GAAP to non-GAAP financial measures that provided in today's press 00:01:00.843 -- 00:01:04.208 release in the most recently filed Form 10Q. 00:01:04.208 -- 00:01:08.034 These items can be found on the Investor Relations section of CLEAR's website. 00:01:08.034 -- 00:01:11.617 With that, I'll turn the call over to Karen. 00:01:12.020 -- 00:01:17....