Equity Profile

YOU

Clear Secure, Inc.

Information TechnologyApplication Software$5.5B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Clear Secure, Inc. operates in the Information Technology sector, focusing on application software that enhances security and identity verification....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

User Growth

An increase in users indicates growing demand for Clear's services, which can drive revenue and market share.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

YOU Q2-2026 Earnings Preview

Context

Company Snapshot

Clear Secure, Inc. operates in the Information Technology sector, focusing on application software that enhances security and identity verification. As businesses increasingly prioritize digital security, Clear's solutions could play a vital role in protecting consumer data and enhancing user experiences.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+38.87%

Avg Stock Reaction

+4.23%

Last Quarter Recap

In Q1-2026, Clear Secure reported an EPS of $0.38, exceeding expectations by 7.65%. The stock reacted positively, gaining 3.69% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's recent performance and the overall demand for security solutions.

Bull Case

If Clear Secure continues to beat EPS estimates and shows strong user growth, it could signal robust demand for its services, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the user growth rate for this quarter?

User growth is critical for assessing demand for Clear's services and can significantly impact future revenue.

How does management view the competitive landscape?

Understanding management's perspective on competition can provide insights into Clear's market position and growth strategy.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Clear's ability to capture market share in a growing security landscape, especially given its recent user growth.

Supporting Evidence

The options market is pricing a smaller move than the historical average, indicating potential undervaluation.

Clear's recent EPS surprises suggest a stronger operational performance than anticipated.

Key Risk

If user growth exceeds 15%, it could challenge current market expectations and shift sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on user acquisition and retention, which are vital for Clear's growth trajectory.

Bull Confirmed If

User growth exceeding 15% quarter-over-quarter would support a bullish outlook.

Bear Confirmed If

A decline in user growth or negative commentary on market conditions would confirm a bearish sentiment.

Pre-Earnings Positioning

Options Market

Implied Move

±11.04%

Historical Avg

±14.20%

Pricing cheap

The options market is pricing in a potential move of about 11% in either direction, indicating uncertainty among investors.

Options are pricing a smaller move compared to the stock's historical average, suggesting a potentially undervalued setup.

Detail

ATM IV

0.6%

30d HV

54.7%

Calls (137K)P/C Ratio: 0.11Puts (3K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options cheap in Information Technology

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Clear Secure beats expectations, history suggests a potential stock increase of around 3.45%, confirming strong demand for its services.

In-Line / Cautious

An in-line report may lead to muted reactions, as investors await clearer signals on future growth.

Miss

If the company misses expectations, the stock could decline by about 6.58%, reflecting disappointment in growth prospects.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user acquisition strategies and growth metrics.
2Any commentary on competitive pressures and market positioning.
3Insights into customer retention rates and satisfaction.
4Future guidance on revenue expectations and operational goals.
5Management's outlook on industry trends and potential challenges.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Clear Secure, Inc. operates in the Information Technology sector, focusing on application software that enhances security and identity verification....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

User Growth

An increase in users indicates growing demand for Clear's services, which can drive revenue and market share.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

YOU Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+38.87%

Avg Stock Reaction

+4.23%

Last Quarter Recap

In Q1-2026, Clear Secure reported an EPS of $0.38, exceeding expectations by 7.65%. The stock reacted positively, gaining 3.69% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's recent performance and the overall demand for security solutions.

Bull Case

If Clear Secure continues to beat EPS estimates and shows strong user growth, it could signal robust demand for its services, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the user growth rate for this quarter?

User growth is critical for assessing demand for Clear's services and can significantly impact future revenue.

How does management view the competitive landscape?

Understanding management's perspective on competition can provide insights into Clear's market position and growth strategy.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Clear's ability to capture market share in a growing security landscape, especially given its recent user growth.

Supporting Evidence

The options market is pricing a smaller move than the historical average, indicating potential undervaluation.

Clear's recent EPS surprises suggest a stronger operational performance than anticipated.

Key Risk

If user growth exceeds 15%, it could challenge current market expectations and shift sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on user acquisition and retention, which are vital for Clear's growth trajectory.

Bull Confirmed If

User growth exceeding 15% quarter-over-quarter would support a bullish outlook.

Bear Confirmed If

A decline in user growth or negative commentary on market conditions would confirm a bearish sentiment.

Pre-Earnings Positioning

Options Market

Implied Move

±11.04%

Historical Avg

±14.20%

Pricing cheap

The options market is pricing in a potential move of about 11% in either direction, indicating uncertainty among investors.

Options are pricing a smaller move compared to the stock's historical average, suggesting a potentially undervalued setup.

Detail

ATM IV

0.6%

30d HV

54.7%

Calls (137K)P/C Ratio: 0.11Puts (3K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options cheap in Information Technology

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Clear Secure beats expectations, history suggests a potential stock increase of around 3.45%, confirming strong demand for its services.

In-Line / Cautious

An in-line report may lead to muted reactions, as investors await clearer signals on future growth.

Miss

If the company misses expectations, the stock could decline by about 6.58%, reflecting disappointment in growth prospects.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user acquisition strategies and growth metrics.
2Any commentary on competitive pressures and market positioning.
3Insights into customer retention rates and satisfaction.
4Future guidance on revenue expectations and operational goals.
5Management's outlook on industry trends and potential challenges.