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Clear Secure, Inc. YOU R2K

Technology · Software - Application · United States
https://www.clearme.com

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.

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$55.45
+128.42% 1Y

Market & Price

Market Cap
$7.41B
Current Price
$55.45
High / Low (52W)
$62.36 / $24.01
Beta
1.07

Valuation

Stock P/E
44.36
Industry PE
32.74
Forward P/E
20.81
PEG Ratio
-
Book Value
$1.81
Price to Book
30.69
P/S
7.86
EV/EBITDA
21.09
Dividend Yield
1.08%

Profitability & Returns

ROCE
34.31%
ROE
109.50%
ROA
10.41%
Profit Margin
13.00%
Op Margin
24.51%
EPS (Latest Qtr)
$0.39
EPS (TTM)
$1.25

Balance Sheet & Liquidity

Debt/Equity
0.52
Quick Ratio
0.93
Current Ratio
1.01
Debt
$111.27M
Total Assets
$1.30B
Current Assets
$764.61M
Working Capital
$4.71M

Ownership

Promoter Holding
7.09%
Chg in Prom Hold
-
FII / Inst Holding
97.00%
Chg in FII Hold
-0.02%

Financial Snapshot

Enterprise Value
$4.93B
Total Revenue (TTM)
$942.41M
EBITDA
$233.58M
Free Cash Flow
$341.25M
Operating Cash Flow
$464.46M
Shares Outstanding
100.61M
Gross Margin
65.48%
Payout Ratio
42.00%

Growth (CAGR)

Revenue 5Y
27.22%
Profit 5Y
88.83%
Revenue (YoY)
19.70%
Earnings (YoY)
47.30%

PROS

  • Strong return on equity of 109.5%.
  • Healthy ROCE of 34.3%.
  • Compounding revenue at 27.2% over 5 years.
  • Profit CAGR of 88.8% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 YOU Clear Secure, Inc. R2K 55.45 44.36 $7.41B 1.08% 34.31% 109.50% 27.22% 88.83%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
Ad space

Quarterly Results

Figures in USD.

Metric Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 59.98M56.38M50.56M55.18M67.56M90.54M102.72M115.92M132.36M149.87M160.39M179.05M186.75M198.42M211.37M219.47M229.19M240.75M253.00M
Cost of Revenue --------------80.31M78.90M79.41M81.85M85.13M
Gross Profit --------------131.06M140.57M149.79M158.90M167.87M
Operating Expenses --------------93.66M98.01M97.17M104.99M105.87M
Operating Income 22.28M10.68M-13.05M-37.75M-32.60M-18.23M-13.12M-65.70M-15.06M217.00K19.28M23.69M30.34M35.09M37.40M42.56M52.61M53.91M62.00M
EBITDA --------------43.94M49.32M60.04M67.81M68.83M
Interest Expense -------------------
Pretax Income --------------44.01M44.31M60.88M56.88M70.75M
Tax Provision --------------5.42M6.43M15.73M10.34M14.36M
Net Income ----2.00M-16.91M-10.33M-7.16M-36.76M-5.22M4.01M15.35M18.81M24.12M23.46M25.41M24.72M28.28M30.76M38.80M
Diluted EPS --------------0.260.260.290.310.39
R&D Expense 5.45M6.30M9.01M10.94M13.35M15.51M14.33M16.51M21.94M22.31M11.79M20.10M17.41M17.42M19.00M18.23M18.00M-19.45M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 192.28M230.80M-437.43M613.58M770.49M900.78M
Cost of Revenue ---161.05M231.47M281.15M320.46M
Gross Profit ---276.38M382.11M489.34M580.32M
Operating Expenses ---405.44M361.97M366.15M393.84M
Operating Income -56.16M-18.93M--129.06M20.14M123.19M186.48M
EBITDA ----110.27M41.79M149.67M221.10M
Interest Expense --349.00K----
Pretax Income ----117.50M50.61M66.63M206.07M
Tax Provision ----2.06M724.00K-158.65M37.92M
Net Income ----65.57M28.11M169.68M109.17M
Diluted EPS ---0.48-0.800.311.56-
R&D Expense 21.22M32.04M47.49M66.80M74.44M73.35M72.38M

Compounded Sales Growth

5 Years:27.22%
1 Year:19.70%

Compounded Profit Growth

5 Years:88.83%
1 Year:47.30%

Stock Price Performance

1 Year:+128.42%
6 Months:+56.93%
3 Months:+14.87%
1 Month:+3.98%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets 232.27M-1.04B1.05B1.19B1.30B
Current Assets --741.60M770.03M662.22M764.61M
Cash & Equivalents 116.23M-38.94M57.90M66.89M85.73M
Inventory ------
Receivables --1.17M526.00K511.00K1.93M
Total Liabilities 149.91M-526.60M675.78M956.99M1.10B
Current Liabilities 146.10M-397.47M552.05M643.05M759.90M
Long Term Debt ------
Total Debt --130.11M127.38M121.25M112.32M
Total Equity --291.06M233.33M198.35M177.73M
Shares Outstanding --88.75M92.69M97.47M98.34M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 16.57M-12.34M-168.31M225.03M295.68M372.45M
Investing Cash Flow -25.78M-21.58M--359.59M-15.51M113.78M-97.10M
Financing Cash Flow 180.36M-63.05M--48.87M-216.01M-401.55M-257.33M
Capital Expenditure -14.68M-16.50M--31.91M-26.14M-12.33M-29.34M
Free Cash Flow 1.89M-28.84M-136.40M198.90M283.35M343.11M
Net Change in Cash ----240.16M-6.48M7.91M18.02M

Ratios (Annual)

Figures in %.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---63.2%62.3%63.5%64.4%
Operating Margin % -29.2%-8.2%--29.5%3.3%16.0%20.7%
Net Margin % ----15.0%4.6%22.0%12.1%
ROE % ----22.5%12.0%85.5%61.4%
ROCE % --22.0%--20.2%4.1%22.3%34.3%

Shareholding Pattern

Insiders
7.09%
Institutions
97.00%
Public Float
104.41%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 15.03% 15.12M $838.52M
2 Vanguard Portfolio Management LLC 7.07% 7.12M $394.64M
3 Vanguard Capital Management LLC 3.98% 4.01M $222.11M
4 State Street Corporation 3.39% 3.41M $188.96M
5 Renaissance Technologies, LLC 3.33% 3.35M $185.91M
6 Durable Capital Partners Lp 2.95% 2.97M $164.77M
7 First Trust Advisors LP 2.84% 2.86M $158.44M
8 Goldman Sachs Group Inc 2.83% 2.85M $157.81M
9 Arrowstreet Capital, Limited Partnership 2.66% 2.68M $148.66M
10 Geode Capital Management, LLC 2.65% 2.66M $147.69M

Analyst View

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