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Clear Secure (YOU) guidance and outlook
Clear Secure (YOU) raised its guidance on Nov 4, 2026: Revenue $299M–$302M for Q4 2026; Revenue +24.8% for Q4 2026; Free cash flow $480M for FY2026; Free cash flow +42.8% for FY2026. Clear Secure's 10-Q filed Nov 4, 2026 makes 13 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 2026 | $299M–$302M | new |
| Revenue | Q4 2026 | +24.8% | new |
| Free cash flow | FY2026 | $480M | raised |
| Free cash flow | FY2026 | +42.8% | raised |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- These statements are based upon assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors that we believe are appropriate under the circumstances.
- We cannot be sure that we will be successful in retaining our Members due to any number of factors such as our inability to successfully implement a new product, adoption of our technology, harm to our brand or other factors.
- We intend to accelerate our pace of innovation to add more features and use cases, to ultimately deliver greater value to our Members and partners.
- In the near term, we believe that growing our Member base facilitates our ability to add new partnerships and provide additional offerings, which we expect will lead to revenue generation opportunities in the long term.
- While we believe our unit economics will remain attractive, this is dependent on our ability to add new Members efficiently and maintain our historically strong retention rates.
- We are subject to U.S. federal, state and local income taxes with respect to our allocable share of any taxable income of Alclear and will be taxed at the prevailing corporate tax rates.
- In addition to tax expense, we incur expenses related to our operations, plus payments under the tax receivable agreement (“TRA”) described below, which we expect to be significant.
- We intend to cause Alclear to make distributions in an amount sufficient to allow us to pay our tax obligations and operating expenses, including distributions to fund any ordinary course payments under the TRA.
- We have and we expect to continue to incur increased amounts of compensation expense, including related to equity awards granted under the 2021 Omnibus Incentive Plan to both existing employees and newly-hired employees, and grants in connection with new hires could be significant.
- The Company offers both online and in person enrollments and renewals across multiple locations, and plans to continue to launch additional locations on a rolling basis, subject to TSA approval.
- We plan to finance our operations, future stock repurchases, cash dividends and capital expenditures largely through cash generated from operations.
- We expect that future capital expenditure will generally relate to building enhancements to the functionality of our current platform, equipment, leasehold improvements and furniture and fixtures related to office expansion and relocation, and general corporate infrastructure.
Clear Secure's latest quarter
Clear Secure, Q3 2026: revenue $293M (+28% year over year), operating margin 28.3%, net earnings $53.2M, operating cash flow −$98.6M. The chart follows the revenue to costs, profit and cash.
Questions
Did Clear Secure raise or lower its guidance?
Clear Secure (YOU) raised its guidance on Nov 4, 2026: Revenue $299M–$302M for Q4 2026; Revenue +24.8% for Q4 2026; Free cash flow $480M for FY2026; Free cash flow +42.8% for FY2026.
What does Clear Secure expect?
These statements are based upon assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors that we believe are appropriate under the circumstances. We cannot be sure that we will be successful in retaining our Members due to any number of factors such as our inability to successfully implement a new product, adoption of our technology, harm to our brand or other factors. We intend to accelerate our pace of innovation to add more features and use cases, to ultimatel
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.