Clear Secure (YOU) reported its second-quarter earnings on August 5, showing a 26.6% year-over-year increase in revenue to $277.8 million, a 32.8% rise in total bookings to $295.9 million, and an adjusted EBITDA margin expansion of 900 basis points to 36.4%. The company also raised its full-year free cash flow target to at least $480 million. However, the company's third-quarter revenue growth guidance midpoint is 24.6%, and bookings growth guidance is 20.5%, both lower than the second quarter's growth rates. Additionally, hedge fund holdings decreased, and short positions accounted for 15.62% of outstanding shares.