secwatch.observer — SEC 8-K summary
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Issuer:     Clear Secure, Inc. (YOU)
CIK:        0001856314
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001856314-26-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.82
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CLEAR Q4 revenue $240.8M (+17% YoY), raises dividend 20% to $0.15, guides FY26 FCF >=$440M
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- Q4 revenue $240.8M (+16.7% YoY); net income $46.5M ($0.31 diluted EPS); Adj. EBITDA $79.9M (33.2% margin).
- Full year 2025 revenue $900.8M (+16.9%); net income $168.1M ($1.12 diluted EPS); free cash flow $343.1M.
- Total CLEAR Members 38.0M (+31.5%); Active CLEAR+ 7.6M (+6%); renewed multi-year American Express partnership.
- Regular quarterly dividend raised 20% to $0.15; special dividend $0.20, both payable Mar 24, 2026. Share repurchase authorization increased by $125M.
- Q1 2026 guidance: revenue $242-245M, bookings $248-253M; FY 2026 free cash flow at least $440M (+28% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856314/000185631426000004/0001856314-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856314/000185631426000004/you-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001856314-26-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer