Clear Secure, Inc. (YOU) AI Stock Analysis

Clear Secure, Inc. operates as a provider of a member-centric secure identity platform in the United States. Founded in 2010 and headquartered in New York, the company offers a multi-layered infrastructure designed to enhance security through enrollment, verification, and linking stages. Its core platform streamlines identity verification across sectors, facilitating secure access to services. Key offerings include CLEAR Plus, a subscription service for aviation consumers that provides expedited access through dedicated security lanes at airports, and the CLEAR app, a mobile application allowing users to enroll and engage with the platform directly from mobile devices.

Clear Secure grew revenue from $254.0M in FY2021 to $900.8M in FY2025, reflecting a 5-year revenue CAGR of 31.3% from FY2020 to FY2025. Gross margin expanded from 58.7% in FY2021 to 64.4% in FY2025, while operating margin rose from -45.3% to 20.7%. Net income improved from -$36.1M in FY2021 to $109.2M in FY2025, after reaching $169.7M in FY2024. Free cash flow climbed to $343.1M in FY2025 alongside operating cash flow of $372.5M. In the latest quarter ended June 30, 2026, quarterly revenue increased 26.6% year-over-year and quarterly earnings grew 87.0%, bringing trailing twelve months revenue to $1.00B.

As of June 30, 2026, Clear Secure held $959.3M in cash and short-term investments against $109.8M in total debt, leaving net cash of $849.5M. Total assets were $1.58B with shareholders' equity of $206.2M, yielding a debt-to-equity ratio of 0.53 and a current ratio of 1.04. During FY2025, capital expenditures totaled $29.3M, while cash returned to shareholders included $126.3M in share buybacks and $91.9M in dividends paid.

Clear Secure trades at a trailing P/E of 29.5x, compared to the 28.1x median of its US-listed Technology peers. Its enterprise value to EBITDA ratio stands at 11.0x versus the peer median of 16.6x, while its price-to-sales multiple of 4.5x compares to the peer median of 2.8x. The company carries a market capitalization of $4.52B and enterprise value of $3.16B. Over the past year, the stock returned 44.4%, outpacing the S&P 500 return of 16.8%, though its 5-year return of 21.6% trailed the index return of 83.0%.

Clear Secure pays a quarterly dividend with an annualized forward rate of $0.58 per share, representing a dividend yield of 1.31%. Its dividend payout ratio is 47.3%, and the company has paid dividends for 5 consecutive years. The most recent ex-dividend date was September 10, 2026.

Wall Street analysts cover Clear Secure with 2 Strong Buy, 2 Buy, 1 Hold, 0 Sell, and 1 Strong Sell ratings. The mean price target of $58.17 implies a 32.4% upside compared to the last close of $43.93. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $2.10 and revenue of $1.11B. Clear Secure has beaten EPS estimates in each of the last 4 quarters, with its next earnings report scheduled for November 5, 2026.

This page is an AI-written research summary of Clear Secure, Inc. (YOU). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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