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Clear Secure, Inc.

NYSE•YOU
CEO: Ms. Caryn Gail Seidman-Becker
Sector: Technology
Industry: Software - Application
Listing Date: 2021-06-30
Clear Secure, Inc. operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members. In addition, it provides RESERVE powered by CLEAR, a virtual queuing technology that provides users with the ability to book a dedicated time slot to go through security at the airport; CLEAR Verified, a B2B offering that extends secure identity platform to partners to create friction-free experiences for their customers; TSA PreCheck Enrollment Provided by CLEAR, as well as online renewal services; Atlas Certified, an automated solution to verify professional licenses and certification data across industries; and Sora ID that enables adding know your customer services to platform offerings, as well as virtual queuing technology that enables customers to manage lines. The company was founded in 2010 and is headquartered in New York, New York. Clear Secure, Inc. is a subsidiary of Alclear Investments, Llc.
Contact Information
85 10th Avenue, 9th Floor, New York, NY, 10011, United States
646-723-1404
www.clearme.com
Market Cap
$4.28B
P/E (TTM)
39.0
36.3
Dividend Yield
1.6%
52W High
$50.46
52W Low
$23.00
52W Range
79%
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q4 2025 Data

Revenue

$240.75M+0.00%
4-Quarter Trend

EPS

$0.33+0.00%
4-Quarter Trend

FCF

$187.40M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Bookings Growth Total Bookings reached $900.8M in 2025, marking a 17% increase driven by Active CLEAR+ Member growth.
Member Base Expansion Total CLEAR Members grew 31% to 38.0M, fueled by CLEAR1 and CLEAR+ enrollments across the network.
Strong Free Cash Flow Free Cash Flow increased 26% to $343.1M in 2025, reflecting strong operational cash generation for investments.
Active Subscriber Growth Active CLEAR+ Members increased 6% to 7.6M, showing steady monetization of the core subscription service.

Risk Factors

Member Retention Challenges Failure to add or retain existing Active CLEAR+ Members or partners could materially affect financial results and operations.
Brand Trust Erosion Risk Maintaining stakeholder trust and brand reputation is dependent on consistent, high-quality service delivery across all platforms.
Competitive Technology Adoption Increased adoption of third-party identity verification solutions may negatively impact platform usage and market position.
Regulatory Compliance Evolution Constantly evolving privacy, biometrics, and data protection laws may impose significant compliance costs and liabilities.

Outlook

Grow CLEAR+ Revenue Strategy focuses on growing CLEAR+ Member base and increasing revenue per Member via pricing initiatives.
Scale TSA PreCheck Enrollment Scaling TSA PreCheck enrollment drives significant growth and incremental revenue opportunity for CLEAR subscriptions.
Expand Partnership Channels Intend to broaden distribution reach by pursuing new commercial partners including airlines and credit card issuers.
Platform Vertical Expansion Continue investing to expand platform capabilities beyond Travel into new verticals via CLEAR1 integration opportunities.

Peer Comparison

Revenue (TTM)

EEFT stock ticker logoEEFT
$4.24B
+6.4%
PAGS stock ticker logoPAGS
$3.55B
+8.1%
KC stock ticker logoKC
$1.25B
+25.1%

Gross Margin (Latest Quarter)

YOU stock ticker logoYOU
146.0%
+2.4pp
RUM stock ticker logoRUM
97.4%
+27.9pp
EEFT stock ticker logoEEFT
83.1%
+56.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
YOU$4.28B39.077.4%0.0%
KC$3.73B-26.5-16.4%34.1%
EEFT$2.99B11.323.8%35.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.4%
Moderate Growth
4Q Net Income CAGR
6.6%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow

Deep Research

Next earnings:May 6, 2026
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No Data