Clear Secure, Inc. (YOU) saw its stock price soar 5.38% in pre-market trading following the release of its first-quarter financial results.

The company reported Q1 gross bookings of $291.7 million, net income of $56.4 million, and free cash flow of $185.5 million. Notably, its adjusted EBITDA came in at $80.6 million, surpassing the Ibes estimate of $72.6 million.

The better-than-expected profitability and robust cash generation likely fueled investor optimism, driving the significant pre-market gain.