The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

YOU

Concerning the House

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

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%
Quotation

$46.16

-5.05 (-9.9%)

52w hi$62.18
52w lo$29.20
Vol2.03M
As ofAug 12
The Verdict

Hold

Our score +0.29

Short-0.13
Medium+0.47
Long+0.80

computed 2026-08-12

By the Numbers

Clear Secure, Inc.

Technology · Software - Application

Market cap$6.27B
Enterprise value$4.16B
Trailing P/E31.19x
Forward P/E18.49x
EV / EBITDA15.14x
P / S (ttm)6.26x
Profit margin14.8%
Return on equity119.2%
Revenue growth+26.6%
Earnings growth+87.0%
Debt / equity45.14
Risk Metrics
Beta vs SPX0.84
Corr SPX0.24
Annual vol57.6%
Annual ret+64.3%
Sharpe1.12
Max DD-42.5%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.40
Sector+0.14
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-12

Recent Sessions
DateOpenHighLowCloseVol
Aug 12$47.95$48.59$46.12$46.162.03M
Aug 11$51.07$51.47$48.001.87M
Aug 10$50.43$53.30$50.37$51.211.93M
Aug 7$53.30$54.16$51.00$51.292.10M
Aug 6$56.48$56.77$52.01$53.021.99M