Founder, Chair, and Chief Executive Officer - Caryn Seidman Becker Operator: Good morning, and welcome to CLEAR's fiscal second quarter 2026 conference call. We have with us today Caryn Seidman Becker, Founder, Chair, and Chief Executive Officer, Michael Barkin, President, and Jen Hsu, Chief Financial Officer. As a reminder, before we begin, today's discussion contains forward-looking statements about the company's future business and financial performance.
These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in the documents the company has filed and furnished with the SEC, including today's press release. The company disclaims any obligation to update any forward-looking statements that may be discussed during the call.
During this call, unless otherwise stated, all comparisons will be against the comparable period of fiscal year 2025. Additionally, the company will discuss both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is provided in today's press release and the most recently filed Form 10-Q.
These items can be found in the investor relations section of CLEAR's website. With that, I will turn the call over to Caryn. Caryn Seidman Becker: We founded CLEAR with a profound conviction that proving you are you securely, privately, and instantly would one day sit at the center of how Americans live, work, and travel.
For a long time, it was a vision. CLEAR is the trusted secure identity company, and after 16 years of building our identity platform, CLEAR Travel and CLEAR1, we have never been stronger or better positioned. It feels like day one around CLEAR because it is.
Today, identity is critical infrastructure. It is security, the foundation of the connected, frictionless digital world being built around us. We ended this quarter with almost 44 million total CLEAR members, driving bookings of $296 million and free cash flow of $189 million.
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