stockrow
Saturday 7 November 2026
Export YOU’s income statement to Excel — free account
CLEAR Secure, Inc.
YOU Technology Software Application
CLEAR Secure, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $900.8 million, up 16.9% from fiscal 2024.
- Revenue
- +27.8%
- EPS
- +156.7%
- Free cash flow
- −94.2%
Quarter to September 2026, against a year earlier
55.81
0.69
−1.22%
Follow YOU
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 192 | 231 | 254 | 437 | 614 | 770 | 901 | 1,064 | +29.4% | 1,125 | 1,282 | 1,424 | +16.5% | |
| Gross margin, % | — | — | — | 51.99 | 68.06 | 58.68 | 63.18 | 62.28 | 63.51 | 64.42 | 67.46 | +12.4 pt | ||||||
| EBT | — | — | — | (54) | (9) | (115) | (117) | 51 | 67 | 206 | 312 | n/m | ||||||
| EBT margin, % | — | — | — | (28.20) | (4.03) | (45.26) | (26.86) | 8.25 | 8.65 | 22.88 | 29.32 | +51.1 pt | ||||||
| Net income | — | 0 | — | (54) | (9) | (115) | (115) | 50 | 225 | 168 | 251 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 1.31 | 1.57 | 3.32 | 5.33 | 6.77 | 8.21 | 9.39 | 10.52 | +38.8% | |||||
| Earnings | — | — | — | (0.37) | (0.06) | (0.48) | (0.80) | 0.31 | 1.81 | 1.14 | 1.94 | n/m | ||||||
| Cash flow | — | — | — | 0.11 | (0.08) | 0.91 | 2.05 | 2.48 | 3.15 | 3.88 | 4.86 | +80.3% | ||||||
| Capex | — | — | — | (0.10) | (0.12) | (0.38) | (0.39) | (0.29) | (0.13) | (0.31) | (0.33) | +19.8% | ||||||
| Free cash flow | — | — | — | 0.01 | (0.20) | 0.53 | 1.66 | 2.20 | 3.02 | 3.58 | 4.53 | +168.7% | ||||||
| Book value | — | — | — | (1.93) | (3.32) | 7.05 | 6.22 | 4.08 | 2.53 | 2.13 | 1.29 | n/m | ||||||
| Shares, m | — | — | — | 147 | 147 | 77 | 82 | 91 | 94 | 96 | 99 | (6.8%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 2,000.00 | 2,000.00 | 0.00 | 0.00 | 68.13 | 14.97 | 31.32 | 28.87 | 587.8 | |||||
| P/S | — | — | — | 10.85 | 10.85 | 9.46 | 5.23 | 3.02 | 3.25 | 3.74 | 5.34 | 6.6 | ||||||
| P/B | — | — | — | 17.07 | 17.07 | 4.45 | 4.48 | 5.02 | 10.51 | 16.47 | 43.53 | 10.7 | ||||||
| EV/Sales | — | — | — | 9.90 | 9.90 | 7.03 | 3.62 | 1.84 | 2.46 | 2.96 | 4.74 | 5.4 | ||||||
| EV/FCF | — | — | — | 206.24 | 206.24 | 43.85 | 11.61 | 5.68 | 6.68 | 7.78 | 11.03 | 69.7 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 17 | (12) | 70 | 168 | 225 | 296 | 372 | 491 | +68.0% | |||||
| Capex | — | — | — | (15) | (17) | (29) | (32) | (26) | (12) | (29) | (33) | +11.6% | ||||||
| Free cash flow | — | — | — | 1 | (29) | 41 | 136 | 199 | 283 | 343 | 458 | +150.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 98 | 26 | 388 | 344 | 218 | 19 | 5 | (6) | (39.7%) | |||||
| Net debt | — | — | — | (247) | (154) | (615) | (705) | (723) | (609) | (700) | (633) | +18.9% | ||||||
| Shareholders’ equity | — | — | — | (283) | (487) | 539 | 511 | 369 | 238 | 204 | 130 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (34.01) | (3.38) | (6.91) | (7.09) | 2.70 | 15.15 | 8.74 | 14.47 | +42.8 pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | 14.08 | 2.42 | (137.27) | (12.49) | 6.39 | 55.89 | 49.36 | 116.55 | +35.3 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 1,646 | 2,251 | 3,056 | 3,698 | 4,022 | 3,301 | — | +14.9% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.14 | 0.11 | 0.14 | 0.17 | 0.19 | 0.27 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
Business profile
CLEAR Secure, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| YMM Full Truck Alliance Co. Ltd. Sponsored ADR | $8.3B | 15.4× | 13.1× | +10.22% (above 0%: growing) | +11.76% (above 0%: growing) | +10,172.78% (above 0%: growing) | 72.62% | 43.95% | Compare |
| APPF AppFolio, Inc. | $8.3B | 48.3× | 47.7× | +18.58% (above 0%: growing) | +38.30% (above 0%: growing) | +14.46% (above 0%: growing) | 64.29% | 19.42% | Compare |
| TTAN ServiceTitan Inc. | $7.9B | — (loss-making) | — (loss-making) | +20.91% (above 0%: growing) | n/m | +47.10% (above 0%: growing) | 71.41% | (9.41%) | Compare |
| QNT Quantinuum Inc. | $7.9B | — | — | — | n/m | — | (28.93%) | (6,939.56%) | Compare |
| YOU CLEAR Secure, Inc. | $7.6B | 28.9× | 28.9× | +27.77% (above 0%: growing) | +156.72% (above 0%: growing) | −94.18% (below 0%: shrinking) | 68.55% | 28.32% | |
| IDCC InterDigital, Inc. | $7.4B | 23.4× | 31.1× | +17.46% (above 0%: growing) | +18.71% (above 0%: growing) | −64.24% (below 0%: shrinking) | 100.00% | 51.37% | Compare |
| DUOL Duolingo, Inc. | $7.4B | 51.4× | 58.5× | +13.73% (above 0%: growing) | −90.89% (below 0%: shrinking) | +15.63% (above 0%: growing) | 72.86% | 7.83% | Compare |
| LYFT Lyft, Inc. | $6.8B | 2.5× | 31.8× | +8.11% (above 0%: growing) | n/m | +13.35% (above 0%: growing) | 52.17% | (1.06%) | Compare |
| NAVN Navan, Inc. | $6.6B | — (loss-making) | — (loss-making) | +35.38% (above 0%: growing) | n/m | +618.65% (above 0%: growing) | 74.09% | (10.98%) | Compare |
| Median of peers | $7.6B | 23.4× | 31.8× | +17.46% | +15.23% | +15.63% | 72.02% | 3.39% |
From the latest earnings call
- CEO Caryn Seidman-Becker said CLEAR expanded its multiyear CMS contract and sees opportunities to sell additional identity services to existing customers.
- CFO Jennifer Hsu said CLEAR will move credit card partnership liability payments to a quarterly schedule starting in the first quarter of 2027.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
71.83%
Held by the ten largest
38.32%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 15.91m | 11.76% | +787.16k |
| Vanguard | 12.84m | 9.49% | +960.21k |
| State Street | 3.70m | 2.73% | +292.05k |
| RENAISSANCE TECHNOLOGIES LLC | 3.28m | 2.42% | −76.10k |
| Geode Capital Management | 2.99m | 2.21% | +326.65k |
| Goldman Sachs | 2.84m | 2.10% | −8.50k |
| Arrowstreet Capital | 2.68m | 1.98% | +2.55k |
| First Trust | 2.59m | 1.91% | −268.77k |
| Morgan Stanley | 2.57m | 1.90% | −35.35k |
| D. E. Shaw | 2.44m | 1.81% | +989.75k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 22 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 11.56m | 17.94m | 98.00 |
| 2024 | 6.16m | (394.39k) | 72.00 |
| 2023 | 1.20m | (11.35m) | 54.00 |
| 2022 | 671.28k | (8.03m) | 69.00 |
| 2021 | 40.34m | 59.75m | 78.00 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
CLEAR Secure, Inc. (YOU) Latest News
4 Nov
20 Oct
19 Oct
7 Oct
YOU metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
CLEAR Secure is an identity company that helps people verify who they are in physical and digital settings. Its best-known service, CLEAR+, is a paid travel subscription that lets members use dedicated entry lanes at airport security checkpoints. Members verify their identity and travel credentials using biometric technology, with CLEAR employees available to assist them. Caryn Seidman Becker is its chief executive.
CLEAR also provides TSA PreCheck enrollment and renewal services, a concierge service that guides travelers from the curb to their gate, and a free mobile app with travel information and digital identity features. CLEAR does not perform physical security screening for TSA PreCheck; that remains the TSA’s responsibility.