Clear Secure, Inc. (YOU)
Clear Secure, Inc. operates a secure identity platform under the CLEAR brand name primarily in the United States. It provides secure identity platform, 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 to reservation spot for airport locations; Home to Gate, a feature to help travelers plan and time their trip to the airport; CLEAR1, a B2B offering that extends secure identity platform to partners to create friction-free experiences for their customers; CLEAR ID, a free and mobile digital ID that allow any traveler to verify their identity; CLEAR Concierge which enhances the CLEAR value proposition for high-frequency and premium travelers, as well as travelers requiring additional assistance, such as families and senior citizens; CLEAR Perks, a suite of added benefits that help CLEAR members get an even more seamless experience; TSA PreCheck Enrollment Provided by CLEAR, as well as online renewal services; Sora ID, a one-click know your customer that enables adding know your customer services to platform offerings; and a virtual queuing technology. The company has a strategic collaboration with Samsung Electronics America, Inc. for the development of Samsung ID with CLEAR, a digital ID solution that allows users to add a US passport to Samsung Wallet and verify their identity. The company was founded in 2010 and is headquartered in New York, New York. Clear Secure, Inc. is a subsidiary of Alclear Investments, Llc.
- Symbol
- YOU
- Exchange
- NYSE
- Sector
- Technology
- Industry
- Software - Application
- Market cap
- $3.99B
- 52 week range
- 29.43 - 69.07
Valuation
- Share price
- $38.56 (close of 2026-09-23)
- P/E (TTM)
- 25.97x
- Price to book
- 16.39x
- Price to free cash flow
- 7.84x
- Enterprise value
- $3.97B
- Book value per share
- $2.38
Price performance
| Period | Change |
|---|
| 1 day | -1.78% |
| 5 days | -7.26% |
| 1 month | -10.93% |
| 3 months | -26.87% |
| 6 months | -27.87% |
| Year to date | +9.92% |
| 1 year | +4.02% |
| 3 years | +106.09% |
| 5 years | -12.86% |
| All time | -3.60% |
Profitability and growth
- Return on equity
- 53.41%
- Return on invested capital
- 64.32%
- Return on assets
- 8.38%
- Return on capital employed
- 34.31%
- Gross margin
- 60.58%
- Net margin
- 12.12%
- EBITDA margin
- 24.55%
- Revenue growth
- 16.91%
- Net income growth
- -35.66%
- Free cash flow growth
- 20.96%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 12.76%
- Current ratio
- 1.04x
- Net debt to EBITDA
- -0.06x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $900.78M
- Cost of revenue
- $355.09M
- Gross profit
- $545.69M
- EBITDA
- $221.10M
- Net income
- $109.17M
- Earnings per share
- $1.14
- Research and development
- $72.38M
- Shares outstanding
- 95.76M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $900.78M | $545.69M | $109.17M | $1.14 |
| 2024-12-31 | $770.49M | $462.86M | $169.68M | $1.81 |
| 2023-12-31 | $613.58M | $360.46M | $28.11M | $0.31 |
| 2022-12-31 | $437.43M | $257.59M | $-65.57M | $-0.80 |
| 2021-12-31 | $253.95M | $136.66M | $-36.08M | $-0.48 |
| 2020-12-31 | $230.80M | $147.66M | $-9.31M | $0.00 |
| 2019-12-31 | $192.28M | $92.65M | $-54.22M | $0.00 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 60.58% | 12.12% | 53.41% | 64.32% |
| 2024-12-31 | 60.07% | 22.02% | 71.31% | 42.14% |
| 2023-12-31 | 58.75% | 4.58% | 7.61% | 4.43% |
| 2022-12-31 | 58.89% | -14.99% | -12.83% | -21.09% |
| 2021-12-31 | 53.81% | -14.21% | -6.69% | -44.31% |
| 2020-12-31 | 63.98% | -4.03% | 1.91% | - |
| 2019-12-31 | 48.18% | -28.20% | 0.00% | - |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $85.73M |
| 2024-12-31 | $66.89M |
| 2023-12-31 | $57.90M |
| 2022-12-31 | $38.94M |
| 2021-12-31 | $280.11M |
| 2020-12-31 | $116.23M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $343.11M | $38.93M |
| 2024-12-31 | $283.67M | $35.34M |
| 2023-12-31 | $199.48M | $37.29M |
| 2022-12-31 | $136.95M | $138.50M |
| 2021-12-31 | $41.56M | $36.51M |
| 2020-12-31 | $-28.84M | $3.43M |
| 2019-12-31 | $1.89M | $14.66M |
Dividend history
- Most recent payment
- 2026-09-10
- Paid in the last twelve months
- $0.77
| Payment date | Dividend per share |
|---|
| 2026-09-10 | $0.15 |
| 2026-06-10 | $0.15 |
| 2026-03-10 | $0.35 |
| 2025-12-10 | $0.13 |
| 2025-09-10 | $0.13 |
| 2025-06-10 | $0.13 |
| 2025-03-10 | $0.40 |
| 2024-12-10 | $0.13 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $0.49
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.40 |
| 2026-05-06 | - | - |
| 2026-02-25 | - | - |
| 2025-11-06 | - | - |
| 2025-08-05 | - | - |
| 2025-05-08 | - | - |
| 2025-02-26 | - | - |
| 2024-11-07 | - | - |
Filings and sources
- Company website
- clearme.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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