Inside the research
Clear Secure, Inc.
YOU Research profile · latest available data
Price overview
$39.60
▲ +1.05 (+2.7%)
| 52w hi | $61.97 |
|---|---|
| 52w lo | $29.10 |
| Vol | 1.90M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.04
| Short | -0.67 |
|---|---|
| Medium | +0.32 |
| Long | +0.91 |
computed 2026-09-27
Key fundamentals
Clear Secure, Inc.
Technology · Software - Application
| Market cap | $5.38B |
|---|---|
| Enterprise value | $3.26B |
| Trailing P/E | 26.76x |
| Forward P/E | 15.20x |
| EV / EBITDA | 11.88x |
| P / S (ttm) | 5.37x |
| Profit margin | 14.8% |
| Return on equity | 119.2% |
| Revenue growth | +26.6% |
| Earnings growth | +87.0% |
| Debt / equity | 45.14 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.43 | |
| Sector | +0.19 | |
| Technical | -0.35 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.77 |
|---|---|
| Corr SPX | 0.23 |
| Annual vol | 54.9% |
| Annual ret | +24.0% |
| Sharpe | 0.44 |
| Max DD | -42.5% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $62.00 |
|---|---|
| High / Low | $75.00 / $40.00 |
| Median | $68.00 |
| Analysts | 7 |
| Strong Buy | 2 | |
|---|---|---|
| Buy | 2 | |
| Hold | 2 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-07 | Wells Fargo | → Underweight |
| 2026-05-07 | DA Davidson | → Neutral |
| 2026-05-06 | Needham | → Buy |
| 2026-03-26 | DA Davidson | → Buy |
| 2026-03-02 | Needham | → Buy |
| 2026-02-26 | Wells Fargo | → Underweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Exhibits | read |
| 2026-07-30 | Officer / Director Change | read |
| 2026-06-23 | Material Agreement, Material Obligation… | read |
| 2026-06-10 | Bylaws Amendment, Shareholder Vote… | read |
| 2026-05-06 | Earnings Release, Exhibits | read |
| 2026-03-19 | Officer / Director Change | read |
| 2026-02-25 | Earnings Release, Exhibits | read |
| 2025-11-06 | Earnings Release, Exhibits | read |
| 2025-08-05 | Earnings Release, Exhibits | read |
| 2025-06-09 | Shareholder Vote | read |
| 2025-05-08 | Earnings Release, Exhibits | read |
| 2025-02-26 | Earnings Release, Officer / Director Change… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-06 | Alclear Investments, LLC | Disposal | 323.90K | — | |
| 2026-08-06 | Seidman Becker Caryn | Chief Executive Officer | Grant | 323.90K | — |
| 2026-08-06 | Alclear Investments, LLC | Grant | 323.90K | — | |
| 2026-08-06 | Seidman Becker Caryn | Chief Executive Officer | Disposal | 323.90K | — |
| 2026-08-05 | Seidman Becker Caryn | Chief Executive Officer | Sell | 3.10K | $202.32K |
| 2026-08-05 | Seidman Becker Caryn | Chief Executive Officer | Sell | 12.11K | $806.65K |
| 2026-08-05 | Seidman Becker Caryn | Chief Executive Officer | Sell | 1.20K | $74.46K |
| 2026-08-05 | Seidman Becker Caryn | Chief Executive Officer | Sell | 9.80K | $632.10K |
| 2026-08-05 | Seidman Becker Caryn | Chief Executive Officer | Sell | 500 | $34.23K |
| 2026-08-05 | Seidman Becker Caryn | Chief Executive Officer | Sell | 6.01K | $406.43K |
Flow & Concentration
| Insider 180d net | -$60.99M |
|---|---|
| Insider buys / sells | 0 / 27 |
| Insider bias | Sellers |
| 13F holders | 9 |
| Top-5 share | 96.7% |
| HHI | 2,299 (moderate) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $206.19M | 3.70M |
| Renaissance Technologies | $182.61M | 3.28M |
| Fidelity / FMR LLC | $131.93M | 2.37M |
| Citadel Advisors | $99.41M | 1.78M |
| AQR Capital Management | $31.88M | 571.96K |
| Capital Research / Capital World | $18.98M | 340.59K |
| Bridgewater Associates | $2.82M | 50.65K |
| Millennium Management | $289.69K | 5.20K |
| T. Rowe Price Group | $57.01K | 1.02M |
As of 2026-06-30
Dividends
| Yield (TTM) | 1.20% |
|---|---|
| $ / share (TTM) | $0.47 |
| 5y CAGR | — |
Annual dividend per share
| 2022 | $0.25 |
|---|---|
| 2023 | $0.91 |
| 2024 | $0.73 |
| 2025 | $0.77 |
| 2026 | $0.35 |
SEC Filings
The Long Run
FY 2021–2025 · 5 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $900.78M | +40.6% | |
| Operating income | $20.14M | -83.7% | |
| Net income | $169.68M | +503.7% | |
| Cash from ops | $295.68M | +105.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $38.57 | $39.66 | $38.49 | $39.60 | 1.90M |
| Sep 24 | $38.85 | $39.42 | $38.13 | $38.55 | 2.16M |
| Sep 23 | $39.05 | $39.35 | $38.26 | $38.90 | 1.88M |
| Sep 22 | $40.00 | $40.00 | $37.59 | $39.03 | 2.44M |
| Sep 21 | $38.48 | $39.44 | $37.38 | $39.26 | 1.99M |
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