Key Highlights

  • Clear Secure (NYSE:YOU) changed hands at USD 61.35 during the session on November 4, 2026, a gain of 28.44%, following the release of its third quarter numbers ahead of the opening bell.
  • Quarterly Revenue came in at USD 292.9 million, a 27.8% increase, while bookings reached USD 323.5 million and adjusted EBITDA hit USD 103.9 million, equal to a 35.5% margin.
  • The buyback ceiling was widened by USD 175.0 million, and the full-year free Cash Flow forecast now stands at a minimum of USD 490 million.
  • Operating cash flow came in at negative USD 98.6 million for the quarter, since roughly USD 315 million was paid out to settle accrued Partnership liabilities.

Intraday Price Action at Clear Secure (up USD 13.58, 28.44%)

Clear Secure (NYSE:YOU) was priced at USD 61.35 intraday on November 4, 2026, a 28.44% rise according to public market data, implying a previous close near USD 47.77 (calculated). The jump came after the company published third quarter results, and a conference call started at 8:00 a.m. ET. Revenue climbed 27.8% to USD 292.9 million from USD 229.2 million, while total bookings grew 24.4% to USD 323.5 million. Net Income reached USD 75.3 million, of which USD 53.2 million accrued to the company's owners, and the per-share diluted profit stood at USD 0.52 versus USD 0.29 one year earlier. Roughly 1.34 million shares changed hands intraday, a Market Value of about USD 8.3 billion.

Member Growth, Outlook and Buybacks

The Earnings release reported 46.7 million total CLEAR members, up 30.7%, and 8.5 million active CLEAR+ members, up 14.5%. CLEAR+ is now available at 62 airports, going to 63 once the Tampa launch arrives in early November, and eGates operate at 53 airports. For the fourth quarter, management projected revenue between USD 299 million and USD 302 million and bookings between USD 335 million and USD 340 million. Management now expects free cash flow for the full year of no less than USD 490 million, compared with USD 480 million previously. The buyback authorization rose by USD 175.0 million, leaving roughly USD 254.4 million available, and a quarterly Dividend of USD 0.15 per share will be paid on December 24, 2026 to those registered on December 10, 2026.

Cash Outflows and Risk After the Jump

Repurchases shrink the share count but also drain cash. Cash and equivalents dropped to USD 35.4 million from USD 85.7 million at the close of 2025, and stockholders' Equity fell to USD 130.5 million from USD 204.4 million, since the company bought back USD 170.9 million of stock during the quarter and settled partnership obligations. Free cash flow was negative USD 103.8 million in the quarter, and future results rely on partnerships with airports, the TSA's programs and the level of consumer travel. A one-session gain this large can partly reverse, and a P/E multiple of roughly 41.87 leaves little cushion if member growth slows.

Where Things Stand

Clear Secure (NYSE:YOU) is up 28.44% intraday because the Q3 release paired 27.8% revenue growth, a 35.5% adjusted EBITDA margin, a firmer free cash flow projection and a bigger buyback. Buyers are rewarding both expansion and Capital return. Open questions include how long the membership base keeps compounding, how heavily repurchases draw on cash, and whether the shares hold their gains once early buyers lock in profit. Upcoming catalysts are the fourth quarter report and any new airport launches.