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

56.19 2.89 −4.89%
Market cap
$7.6B
P/E
28.9×
Fwd P/E
24.5×
Dividend yield
—
F-score
6/9
Altman Z
3.13
Beneish M
−1.10
Dividend safety
57/100

CLEAR Secure, Inc. 10-K filed Feb 25, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 8:32 AM ET · Document on sec.gov · Filing index

What changed

Item 1, Business, against the 10-K filed Feb 26, 2025: 9 added · 10 removed · 36 modified; 2 with only figures updated

  1. Modified · Overview

    Clear Secure, Inc. (the “Company” or “CLEAR”) is a secure identity company making experiences safer and easier - both digitally and physically. We make everyday experiences frictionless by connecting your identity to all the things that make you, YOU - transforming the way you live, work, and travel. CLEAR has been delivering secure, frictionless experiences in airports for over 15 years, achieving exceptional user delight and trust with CLEAR Plus+, our consumer aviationtravel subscription service. CLEAR Plus + enables access to predictable and fast experiences through dedicated entry lanes in airport security checkpoints nationwide. As we continue to innovate on the travel experienceAdditionally, we are proud to offerour CLEAR Travel portfolio includes TSA PreCheck® Enrollment Provided by CLEAR – offering consumers increased choice in how and where to sign up for this popular trusted traveler program. Our , premium services such as CLEAR Concierge, other travel benefits such as expedited passport services, our free flagship CLEAR app offers several consumer products, including: which helps travelers plan their trip Home to Gate, a feature to help travelers plan and time their trip to the airport; CLEAR Mobile, which delivers predictable and other mobile-first identity solutions such as CLEAR ID. Our CLEAR Travel portfolio extends CLEAR’s value proposition beyond the airport security for travelers by accessing a dedicated lane at airport securitylane and supports our strategy to expand use cases, simply by showing a QR code, that is free to CLEAR Plus Members and availableincrease engagement and address new customer segments such as international travelers. CLEAR1 is our business to all travelers by purchasing a day pass; Ambassador Assistbusiness (“B2B”) multi-layered identity verification solution. We combine biometric, our curb-to-gate service where our Ambassadors guide Members through the airport; and CLEAR Perks, our suite of benefits to help CLEAR Plus Members win every step of their travel journey. CLEAR1 (formerly CLEAR Verified)document and device signals with verified data sources to ensure users are who they claim to be. Our B2B partners can select which verification layers to deploy, based on their specific security requirements, our business to business (“B2B”) offering, is our secure identity platform that maximizes security and minimizes friction for partners risk tolerance and user experience goals. We partner with a breadth of organizations, with a particular focus on Healthcare, Workforce and consumers. CLEAR1 enables our partners to leverage our digital identity technology and embedded Governmental organizations where high fidelity identity security is paramount to their operational success. Our scaled Member base to facilitateand comprehensive secure and frictionless experiences digitally identity platform underpin our CLEAR Travel and physically via our software development kits CLEAR1 businesses, maximizing security and minimizing friction for consumers and application programming interfacesour enterprise partners.