Every material Form 8-K Clear Secure has filed with the SEC since August 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Clear Secure reported third quarter 2026 revenue of $292.9 million, up 27.8% year over year, and diluted earnings per share of $0.52. The company raised its full-year 2026 free cash flow guidance to at least $490 million from at least $480 million, though quarterly free cash flow was negative $103.8 million due to an approximately $315 million settlement of accrued partnership liabilities. The board also increased its share repurchase authorization by $175.0 million.
Q3 2026 revenue $292.9 million, up 27.8%; Total Bookings $323.5 million, up 24.4%
Q3 2026 net income $75.3 million; diluted EPS $0.52 versus $0.29 a year earlier
Full-year 2026 free cash flow guidance raised to at least $490 million from at least $480 million
Board authorized a $175.0 million repurchase increase, leaving about $254.4 million remaining; quarterly dividend of $0.15 per share payable December 24, 2026
CLEAR Secure's President Michael Barkin, who is also a board member, will move to an advisory role on October 15, 2026, and resign from the board effective the same day, under a transition agreement dated September 15, 2026. Separately, EVP of Aviation Kyle McLaughlin will leave on October 2, 2026, and the company has started a search for his successor. Both departures are described as not involving any disagreement with the company, and the filing reports no financial results or guidance changes.
Michael Barkin moves to an advisory role on October 15, 2026, and resigns from the Board effective that date
Barkin's advisory service runs through December 31, 2026, at $300,000 per full month
Kyle McLaughlin, EVP Aviation, resigns to pursue a new opportunity; last day October 2, 2026
The company has initiated a search for McLaughlin's successor
Clear Secure reported second-quarter 2026 revenue of $277.8 million, up 26.6% year over year, and net income of $72.3 million, compared with $37.9 million a year earlier. The company raised its full-year 2026 free cash flow guidance to at least $480 million from at least $465 million, and its board declared a $0.15 quarterly dividend.
Diluted EPS was $0.49 versus $0.26 in the second quarter of 2025; net income attributable to Clear Secure was $50.1 million versus $24.7 million.
Total Bookings were $295.9 million, up 32.8%, and Adjusted EBITDA was $101.1 million, a 36.4% margin.
Full-year 2026 free cash flow guidance was raised to at least $480 million from at least $465 million.
Third-quarter 2026 revenue is guided to $284-287 million; the $0.15 dividend is payable September 24, 2026 to holders of record on September 10, 2026.
Clear Secure's board appointed Rob O'Hare, currently chief financial officer of Affirm Holdings, as a director effective July 30, 2026, and increased the board to ten directors. He joins the Audit Committee, and Tomago Collins rotates off that committee at the same time.
Appointed director and Audit Committee member effective July 30, 2026; term runs to the 2027 annual meeting
Initial RSU grant valued at $480,000, vesting in three equal annual installments
On June 23, 2026, subsidiary Alclear Holdings, LLC signed Amendment No. 4 to its March 31, 2020 credit agreement with JPMorgan Chase Bank, N.A. as administrative agent. The amendment lowers borrowing costs, extends the facility's maturity from June 28, 2026 to June 23, 2031, and changes lender commitments and the letter of credit sublimit.
Lender commitments reduced from $100 million; the filing lists the new amount as '$50,000,0000', which appears to be a typo for $50 million
Letter of credit sublimit raised from $35 million to $50 million
Term SOFR margin cut from 2.50% to 1.50%, base rate margin from 1.50% to 0.50%, and unused commitment fee from 0.35% to 0.25%
Maturity extended from June 28, 2026 to June 23, 2031
CLEAR Secure reported first-quarter 2026 revenue of $253.0 million, up 19.7% from a year earlier, and net income of $56.4 million, up from $38.6 million. The company raised its full-year 2026 free cash flow guidance to at least $465 million from at least $440 million, and it expects second-quarter revenue of $268 million to $271 million.
Q1 2026 revenue of $253.0 million, up 19.7% year over year; Total Bookings of $291.7 million, up 40.8%
Net income of $56.4 million, versus $38.6 million a year earlier; diluted EPS of $0.38, versus $0.26
Full-year 2026 free cash flow guidance raised to at least $465 million from at least $440 million
Second-quarter 2026 revenue guidance of $268 million to $271 million, and a quarterly dividend of $0.15 per share payable June 24, 2026
Clear Secure said its General Counsel, Lynn Haaland, will leave the company on April 3, 2026. The company agreed to pay her an additional 12 months of salary in consideration for her services. The filing does not name a successor or describe the reasons for the departure.
General Counsel Lynn Haaland will depart on April 3, 2026
Company will provide an additional 12 months of salary to Ms. Haaland
Agreement reached March 19, 2026; filing signed by Chairman and CEO Caryn Seidman Becker
CLEAR Secure reported fourth-quarter and full-year 2025 results on February 25, 2026. Revenue and Total Bookings grew, but full-year net income attributable to Clear Secure fell from $169.7 million to $109.2 million, and diluted EPS fell from $1.56 to $1.12, partly because the prior year included a large income tax benefit. The board also raised the dividend and expanded the share repurchase authorization.
Q4 2025 revenue was $240.8 million, up 16.7%; Total Bookings were $287.1 million, up 25.4%.
Full-year 2025 net income attributable to Clear Secure was $109.2 million, versus $169.7 million in 2024; diluted EPS was $1.12 versus $1.56.
Q4 2025 diluted EPS was $0.31 versus $0.83 a year earlier; the prior-year quarter included a $165.8 million income tax benefit.
Board declared a quarterly dividend of $0.15 per share (a 20% increase) and a special dividend of $0.20 per share, payable March 24, 2026; buyback authorization increased by $125.0 million to about $250.3 million remaining.
CLEAR Secure reported third-quarter 2025 revenue of $229.2 million, up 15.5% year over year, and net income attributable to Clear Secure of $28.3 million, up from $23.5 million. The company raised its full-year 2025 free cash flow guidance to at least $320 million from at least $310 million, though third-quarter free cash flow was negative $53.5 million due to an annual payment to a credit card partner.
Q3 2025 revenue $229.2 million, up 15.5%; Total Bookings $260.1 million, up 14.3%
Net income attributable to Clear Secure $28.3 million vs. $23.5 million a year earlier; Class A diluted EPS $0.29 vs. $0.25
Full-year 2025 free cash flow guidance raised to at least $320 million from at least $310 million
Q3 free cash flow was negative $53.5 million, reflecting an annual payment of about $229 million to a credit card partner; Q4 revenue guidance is $234-237 million
Clear Secure reported second-quarter 2025 results for the period ended June 30, 2025, with revenue of $219.5 million, up 17.5% year over year, and operating income of $42.6 million, up from $30.3 million a year earlier. Net income was $37.9 million, down from $38.6 million, and earnings per share were $0.26, the same as a year earlier. The company guided third-quarter revenue to $223-226 million and reaffirmed full-year 2025 free cash flow expectations of at least $310 million.
Revenue of $219.5 million, up 17.5%; Total Bookings of $222.9 million, up 13.1%
Operating income of $42.6 million versus $30.3 million in Q2 2024; net income of $37.9 million versus $38.6 million
Basic and diluted EPS of $0.26 for both Class A and Class B, unchanged from Q2 2024
Q3 2025 revenue guidance of $223-226 million; full-year 2025 free cash flow of at least $310 million reaffirmed
Clear Secure reported first-quarter 2025 revenue of $211.4 million, up 18.1% year over year, and net income of $38.6 million, compared with $32.1 million a year earlier. It also gave second-quarter 2025 revenue guidance of $214-216 million and reaffirmed full-year 2025 Free Cash Flow expectations of at least $310 million, so shareholders can compare growth and cash generation against those targets.
Q1 2025 revenue was $211.4 million, up 18.1%; Total Bookings were $207.2 million, up 14.8%
Net income was $38.6 million; basic and diluted EPS were $0.26 each, versus $0.20 in Q1 2024
Annual CLEAR+ Gross Dollar Retention was 87.1%, down 140 basis points sequentially, which the company attributed to past price increases
Q2 2025 guidance: revenue of $214-216 million and Total Bookings of $215-220 million; full-year Free Cash Flow of at least $310 million reaffirmed
Clear Secure reported full-year 2024 revenue of $770.5 million, up 25.6%, and net income of $225.3 million, up from $49.9 million in 2023. The fourth-quarter results also include a one-time tax benefit. The company said President and CFO Kenneth Cornick will step down, with Michael Barkin named President and Jennifer Hsu named CFO, both effective March 31, 2025, and guidance calls for first-quarter 2025 revenue of $207-209 million.
Full-year 2024 operating income was $123.2 million, compared with $20.1 million in 2023.
Fourth-quarter 2024 net income of $116.6 million included a $165.5 million non-cash income tax benefit.
Kenneth Cornick resigns as President effective March 31, 2025, and remains CFO until his successor starts; Hsu, formerly of Chewy, becomes CFO effective March 31, 2025.
2025 guidance: first-quarter revenue of $207-209 million and full-year Free Cash Flow of at least $310 million.
Clear Secure reported third-quarter 2024 revenue of $198.4 million, up 23.7% from a year earlier, and net income of $38.0 million, or $0.25 per share, compared with $0.17 per share in the third quarter of 2023. Free cash flow was negative $37.9 million, reflecting an annual outflow of approximately $182 million to its credit card partner, and the company guided fourth-quarter 2024 revenue to $202 million to $204 million.
Q3 2024 revenue $198.4 million, up 23.7%; Total Bookings $227.5 million, up 18.7%
Net income $38.0 million, or $0.25 per share, versus $26.9 million, or $0.17 per share, in Q3 2023
Free cash flow was negative $37.9 million, including an annual outflow of approximately $182 million to a credit card partner
Q4 2024 guidance: revenue of $202 million to $204 million and Total Bookings of $224 million to $226 million; full-year Free Cash Flow growth of at least 40% versus 2023
Clear Secure disclosed that Kasra Moshkani, its EVP, Verified, intends to resign to pursue other opportunities, with his departure expected to take effect on September 18, 2024. The company has started searching for a successor, and the filing gives no information on the reasons beyond his stated plans or on any financial impact.
Kasra Moshkani, EVP, Verified, informed the company of his resignation intention on August 29, 2024.
Departure expected to be effective September 18, 2024.
Moshkani joined the company in 2021; the company has initiated a search for his successor.
Clear Secure reported second-quarter 2024 revenue of $186.7 million, up 24.6% from a year earlier, and net income of $38.6 million, compared with $8.0 million in the second quarter of 2023. The company also guided to third-quarter 2024 revenue of $193 million to $195 million and Total Bookings of $220 million to $222 million, which gives shareholders a near-term outlook for growth.
Q2 2024 revenue of $186.7 million, up 24.6% year over year; Total Bookings of $197.0 million, up 12.5%
Net income of $38.6 million, or $0.26 per share basic and diluted, versus $8.0 million and $0.04 per share in Q2 2023
Q3 2024 guidance: revenue of $193 million to $195 million and Total Bookings of $220 million to $222 million
Net cash provided by operating activities of $114.6 million and Free Cash Flow of $110.1 million in Q2 2024
Clear Secure's board appointed Peter Scher as a director effective August 1, 2024, and increased the board to nine members. Scher is Vice Chairman of JPMorganChase and will serve until the 2025 annual meeting; the filing reports no financial results or guidance.
Peter Scher appointed director and Nominating Committee member, effective August 1, 2024
Board size increased to nine directors
Scher serves until the 2025 annual meeting of stockholders, or earlier departure
Compensation follows director arrangements disclosed in the April 22, 2024 proxy statement
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