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. (YOU) Gross margin

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CLEAR Secure, Inc.'s gross margin over the twelve months to 30 September 2026 was 67.5%, up 3.0 percentage points from fiscal 2025 (64.4%). Over the past ten years it has ranged from 52.0% (fiscal 2019) to 68.1% (fiscal 2020); the current reading is higher than 86% of that period. That is in line with the Software Application industry median of 66.9% and above the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 64.4% 0.91
FY2024 63.5% 1.23
FY2023 62.3% (0.90)
FY2022 63.2% 4.50
FY2021 58.7% (9.38)
FY2020 68.1% 16.07
FY2019 52.0% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 68.6% (0.02)
Jun 2026 68.6% 2.22
Mar 2026 66.4% 0.35
Dec 2025 66.0% 0.65
23 more quarters

Against its own ten years

Low 52.0% High 68.1%
Ten-year median 63.2%
Current reading's percentile 92

Gross margin against peers

Company Gross margin
IDCC InterDigital, Inc. compare 100.0%
DUOL Duolingo, Inc. compare 72.8%
TTAN ServiceTitan Inc. compare 71.1%
PCTY Paylocity Holding Corporation compare 69.2%
YOU CLEAR Secure, Inc. 67.5%
YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare 65.8%
APPF AppFolio, Inc. compare 63.8%
LYFT Lyft, Inc. compare 45.5%
QNT Quantinuum Inc. compare —
Software Application industry median 66.9%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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