Overview
Secure identity company's Q4 revenue up 16.7%, beating analyst expectations
Adjusted EBITDA for Q4 beat analyst expectations, showing margin expansion
Company announced 20% dividend increase and $125 mln increase in share repurchase authorization
Outlook
Clear Secure forecasts Q1 2026 revenue of $242-245 mln, up 15.2% year-over-year
Company expects Q1 2026 bookings of $248-253 mln, up 20.9% year-over-year
Clear Secure projects full-year 2026 free cash flow of at least $440 mln
Result Drivers
MEMBERSHIP GROWTH - Total CLEAR Members increased 31.5% year-over-year, contributing to revenue growth
BOOKINGS GROWTH - Total Bookings increased 25.4%, marking the strongest quarterly growth since Q4 2023
PARTNERSHIP RENEWAL - Renewed multi-year partnership with American Express, enhancing CLEAR+ offerings
Company press release: ID:nPn6p4GMsa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $240.80 mln | $235.72 mln (9 Analysts) |
Q4 EPS | $0.31 | ||
Q4 Net Income | $46.50 mln | ||
Q4 Adjusted EBITDA | Beat | $79.90 mln | $67.95 mln (9 Analysts) |
Q4 Basic EPS | $0.31 | ||
Q4 Free Cash Flow | $187.40 mln | ||
Q4 Gross Bookings | $287.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Clear Secure Inc is $41.00, about 22.5% above its February 24 closing price of $33.47
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 22 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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