Clear Secure, Inc.

Clear Secure, Inc.

YOUยทNYSE

$56.08

+0.49%
TechnologySoftware - Application

Clear Secure, Inc. provides a member-centric secure identity platform in the United States. The company's secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. It 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 app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device. In addition, the company provides Reserve powered by CLEAR, a virtual queuing technology that provides users with the choice of how they queue either at home or on the move; and Atlas Certified, an automated solution to verify professional licenses and certification data across industries by communicating with certifying organizations for on-demand, current, and trusted data. The company was founded in 2010 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$5.64B
EPS1.1400
P/E Ratio49.19
Earnings Date08/04/2026
3Y+106.0%
5Y+290.0%
10Y+368.0%
3Y-266.0%
5Y-1273.0%
10Y-301.0%
3Y+121.0%
5Y-3119.0%
10Y+2147.0%
Clear Secure, Inc.

Clear Secure, Inc. Profit Bridge

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Revenue900.78M
Cost of Goods Sold (127.85M)
Gross Profit772.93M
Operating Expenses (586.45M)
Operating Income186.48M
Interest Expense (0.00)
Other Income/Expense19.59M
Pretax Income206.07M
Income Tax (37.92M)
Net Income109.17M
Net Income
109.17M

Profitability Analysis

Gross Margin

85.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

20.7%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

12.1%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

18.4%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Clear Secure, Inc. Income Statement

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Clear Secure, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
REVENUE
900.8M
770.5M
613.6M
437.4M
254M
230.8M
192.3M
GROSS PROFIT
(127.8M)
(281.2M)
(231.5M)
(161.1M)
(104.9M)
(73.7M)
(92.3M)
772.9M
489.3M
382.1M
276.4M
149M
157.1M
100M
OPERATING INCOME
(586.5M)
(366.1M)
(362M)
(405.4M)
(264M)
(176M)
(156.1M)
(286.8M)
(266.3M)
(265.9M)
(319.9M)
(204.1M)
(134.5M)
(127.6M)
(72.4M)
(73.4M)
(74.4M)
(66.8M)
(47.5M)
(32M)
(21.2M)
186.5M
123.2M
20.1M
-129.1M
-114.9M
-18.9M
-56.2M
PRE-TAX INCOME
(0.0)
(0.0)
(0.0)
(0.0)
(349K)
(0.0)
(0.0)
24.4M
32.5M
29M
6.6M
-349K
612K
1.9M
(227.2M)
(26.5M)
(21.6M)
(18.8M)
(12.4M)
(9.4M)
(7.3M)
19.6M
-56.6M
30.5M
11.6M
-5K
9.6M
1.9M
206.1M
66.6M
50.6M
-117.5M
-114.9M
-9.3M
-54.2M
NET INCOME
(37.9M)
-158.6M
(724K)
-2.1M
(233K)
(16K)
(0.0)
109.2M
169.7M
28.1M
-65.6M
-36.1M
-9.3M
-54.2M

SEC Filings

YOU - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 22, 2026
June 10, 2026
2026
8-K

8-K 2026

N/A

March 19, 2026
March 19, 2026
2026
10-K

10-K 2025 FY

FY

February 25, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 25, 2026
February 25, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 06, 2025
November 06, 2025
2025
8-K

8-K 2025

N/A

August 05, 2025
August 05, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 05, 2025
June 30, 2025
2025
Showing 1 to 10 of 63 filings