Filing Flows › Clear Secure (YOU) › Q1 2026
Clear Secure (YOU) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Clear Secure (YOU) reported revenue of $253M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +5% from the quarter before. Operating margin was 24.5%, net earnings $38.8M (15.3% of revenue).
Clear Secure, Q1 2026: revenue $253M (+20% year over year), operating margin 24.5%, net earnings $38.8M, operating cash flow $190M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $253M | +5% | +20% |
| Operating profit | $62.0M | +15% | +66% |
| Net earnings | $38.8M | +26% | +53% |
| Operating cash flow | $190M | -4% | +94% |
| Free cash flow | $185M | — | +103% |
What changed
Revenue was $253.0M in Q1 2026, up 20% year over year and up 5% from the previous quarter.
Operating profit was $62.0M, a 24.5% margin (up 6.8 points year over year). Of the extra revenue versus Q1 2025, 59% reached operating profit, above the 18% margin then. Total costs grew 10% against revenue growth of 20%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $38.8M, up 53% year over year. The effective tax rate was 20.3%.
Operating cash flow was $190.4M (up 94% year over year), 338% of net income including minority interests. Non-cash charges added back $6.8M of depreciation and amortization and $11.3M of share-based compensation. Working capital and other items added $115.8M. After purchases of property and equipment ($4.9M), free cash flow as the company reports it was $185.5M.
Questions
What was Clear Secure's revenue in the first quarter 2026?
Clear Secure (YOU) reported revenue of $253M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +5% from the quarter before.
Was Clear Secure profitable in the first quarter 2026?
Operating profit was $62.0M (24.5% of revenue) and net earnings $38.8M.
Source: Clear Secure 10-Q on SEC EDGAR.