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Clear Secure

YOU

Clear Secure is a secure identity company that provides a biometric platform for frictionless physical and digital experiences.

Market cap
$5.36B+94.0%
Revenue$942.4M+17.4%
Net income$122.6M-30.5%
Free cash flow$582.1M+41.3%
EPS (diluted)$1.24-23.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$269.7M
EPS estimate$0.40

Financials

Q1 2026

Income statement

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Revenue$253.0M+19.7%
Operating income$62.0M+65.8%
Net income$38.8M+52.7%
EPS (diluted)$0.38+46.2%

Balance sheet

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Cash & equivalents$173.5M+91.4%
Total debt$111.3M-6.9%
Total equity$185.3M+58.8%
Total assets$1.4B+28.0%

Cash flow

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Operating cash flow$190.4M+93.6%
CapEx$4.9M-31.2%
Free cash flow$185.5M+103%

Valuation & ratios

Valuation

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Market cap$5.36B+94.0%
Enterprise value$5.3B+88.0%
P/E43.8×+27.9×
P/S5.7×+2.3×

Profitability

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Operating margin22.4%+5.3pp
Net margin13%-9.0pp

Returns & leverage

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Return on equity81.2%-43.6pp
Debt / equity0.6×-0.4×
Current ratio+0.2×

Competitors

Profile

Clear Secure is a secure identity company that provides a biometric platform for frictionless physical and digital experiences. The company leverages a multi-layered identity verification stack to connect individuals to their identities in airports, sports venues, and digital environments. Its core value proposition centers on enhancing security and speed through an 'enroll once, use everywhere' network powered by biometric data.

Competitive position

A leading provider of biometric identity services in U.S. aviation with a significant physical footprint and high-level government security certifications.

GeographiesUnited States, Canada, Mexico
Customer segmentsB2C, Enterprise, Government
Business modelSubscription SaaS, B2B2C, Transaction-based, Platform-as-a-Service
SuppliersBiometric sensor manufacturers, Cloud infrastructure providers, Government identity databases, Hardware manufacturers (Pods and eGates)
CustomersAir travelers, Airline partners, Enterprise workforce managers, Retail consumers
Listed2021
Employees3.7K
CEOCaryn Gail Seidman-Becker
FilingsSEC EDGAR

Questions, answered.

What is Clear Secure's market cap?
Clear Secure (YOU) has a market capitalization of $5.4B and trades on NYSE.
What is Clear Secure's revenue and profitability?
Clear Secure generated $942.4M in trailing twelve-month revenue with net income of $122.6M, representing a net margin of 13.0%, with free cash flow of $582.1M. These figures are based on the Q1 2026 filing.
Who are Clear Secure's competitors?
Clear Secure's key competitors include Okta, Global Business Travel Group, Inc., NextTrip, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Clear Secure partner with?
Clear Secure's notable partners include Delta Air Lines, United Airlines, American Express, and others.
What subsidiaries does Clear Secure have?
Clear Secure's subsidiaries include Alclear Holdings, LLC, Whyline, Inc..
Where is Clear Secure headquartered?
Clear Secure is headquartered in United States of America and employs approximately 3,698 people. It has been publicly traded since 2021.