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
Vol1.90M
As of25 Sep 2026

The Verdict

Hold

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/E26.76x
Forward P/E15.20x
EV / EBITDA11.88x
P / S (ttm)5.37x
Profit margin14.8%
Return on equity119.2%
Revenue growth+26.6%
Earnings growth+87.0%
Debt / equity45.14

Layer Breakdown

LayerRawContribution
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.

United States · www.clearme.com

Risk Metrics

Beta vs SPX0.77
Corr SPX0.23
Annual vol54.9%
Annual ret+24.0%
Sharpe0.44
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
Analysts7
Strong Buy2
Buy2
Hold2
Sell1
Strong Sell0

Recent rating actions

2026-05-07Wells Fargo→ Underweight
2026-05-07DA Davidson→ Neutral
2026-05-06Needham→ Buy
2026-03-26DA Davidson→ Buy
2026-03-02Needham→ Buy
2026-02-26Wells Fargo→ Underweight

Material Events

DateEvent8-K
2026-08-05Earnings Release, Exhibitsread
2026-07-30Officer / Director Changeread
2026-06-23Material Agreement, Material Obligation…read
2026-06-10Bylaws Amendment, Shareholder Vote…read
2026-05-06Earnings Release, Exhibitsread
2026-03-19Officer / Director Changeread
2026-02-25Earnings Release, Exhibitsread
2025-11-06Earnings Release, Exhibitsread
2025-08-05Earnings Release, Exhibitsread
2025-06-09Shareholder Voteread
2025-05-08Earnings Release, Exhibitsread
2025-02-26Earnings Release, Officer / Director Change…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-06Alclear Investments, LLCDisposal323.90K—
2026-08-06Seidman Becker CarynChief Executive OfficerGrant323.90K—
2026-08-06Alclear Investments, LLCGrant323.90K—
2026-08-06Seidman Becker CarynChief Executive OfficerDisposal323.90K—
2026-08-05Seidman Becker CarynChief Executive OfficerSell3.10K$202.32K
2026-08-05Seidman Becker CarynChief Executive OfficerSell12.11K$806.65K
2026-08-05Seidman Becker CarynChief Executive OfficerSell1.20K$74.46K
2026-08-05Seidman Becker CarynChief Executive OfficerSell9.80K$632.10K
2026-08-05Seidman Becker CarynChief Executive OfficerSell500$34.23K
2026-08-05Seidman Becker CarynChief Executive OfficerSell6.01K$406.43K

Flow & Concentration

Insider 180d net-$60.99M
Insider buys / sells0 / 27
Insider biasSellers
13F holders9
Top-5 share96.7%
HHI2,299 (moderate)

Top Holders

HolderValueShares
State Street Corp$206.19M3.70M
Renaissance Technologies$182.61M3.28M
Fidelity / FMR LLC$131.93M2.37M
Citadel Advisors$99.41M1.78M
AQR Capital Management$31.88M571.96K
Capital Research / Capital World$18.98M340.59K
Bridgewater Associates$2.82M50.65K
Millennium Management$289.69K5.20K
T. Rowe Price Group$57.01K1.02M

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

DateFormDoc
2026-08-074view
2026-08-074view
2026-08-0510-Qview
2026-08-058-Kview
2026-08-034view
2026-08-034view
2026-07-303view
2026-07-304view
2026-07-308-Kview
2026-07-174view
2026-07-174view
2026-07-164view
2026-07-164view
2026-07-154view
2026-07-154view

The Long Run

FY 2021–2025 · 5 years

LineLatestCAGRTrend
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

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$38.57$39.66$38.49$39.601.90M
Sep 24$38.85$39.42$38.13$38.552.16M
Sep 23$39.05$39.35$38.26$38.901.88M
Sep 22$40.00$40.00$37.59$39.032.44M
Sep 21$38.48$39.44$37.38$39.261.99M

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