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YOU logoClear Secure, Inc.(YOU)Earnings, Financials & Key Ratios

YOU•NYSE
$60.94
$6.05B mkt cap·54.4× P/E·Price updated May 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryEmerging tech platforms (AI, blockchain, identity)
AboutClear 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.Show more
  • Revenue$901M+16.9%
  • EBITDA$221M+47.7%
  • Net Income$109M-35.7%
  • EPS (Diluted)1.12-28.2%
  • Gross Margin85.81%+35.1%
  • EBITDA Margin24.55%+26.4%
  • Operating Margin20.7%+29.5%
  • Net Margin12.12%-45.0%
  • ROE49.36%-11.7%
  • ROIC68.07%+169.3%
Technical→

YOU Key Insights

Clear Secure, Inc. (YOU) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 37.2%
  • ✓FCF machine: 38.1% free cash flow margin
  • ✓Momentum leader: RS Rating 87 (top 13%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 31.3%
  • ✓Share count reduced 32.7% through buybacks

✗Weaknesses

  • ✗Thin 5Y average net margin of 1.9%
  • ✗Expensive at 29.0x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

YOU Price & Volume

Clear Secure, Inc. (YOU) stock price & volume — 10-year historical chart

Loading chart...

YOU Growth Metrics

Clear Secure, Inc. (YOU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years31.3%
3 Years27.22%
TTM17.39%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-4.2%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-24.39%

Return on Capital

10 Years-6.95%
5 Years0.64%
3 Years20.39%
Last Year34.05%

YOU Recent Earnings

Clear Secure, Inc. (YOU) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 6, 2026
EPS
$0.39
Est $0.35
+11.4%
Revenue
$253M
Est $244M
+3.5%
Q1 2026
Feb 25, 2026
EPS
$0.31
Est $0.31
+0.0%
Revenue
$241M
Est $236M
+2.1%
Q4 2025
Nov 6, 2025
EPS
$0.29
Est $0.27
+7.4%
Revenue
$229M
Est $236M
-2.7%
Q3 2025
Aug 5, 2025
EPS
$0.26
Est $0.23
+13.0%
Revenue
$219M
Est $224M
-2.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.39vs $0.35+11.4%
$253Mvs $244M+3.5%
Q1 2026Feb 25, 2026
$0.31vs $0.31+0.0%
$241Mvs $236M+2.1%
Q4 2025Nov 6, 2025
$0.29vs $0.27+7.4%
$229Mvs $236M-2.7%
Q3 2025Aug 5, 2025
$0.26vs $0.23+13.0%
$219Mvs $224M-2.2%
Based on last 12 quarters of dataView full earnings history →

YOU Peer Comparison

Clear Secure, Inc. (YOU) competitors in Emerging tech platforms (AI, blockchain, identity) — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
OSIS logoOSISOSI Systems, Inc.Direct Competitor3.96B240.2727.5911.33%8.42%16.74%0.72
CGNX logoCGNXCognex CorporationDirect Competitor10.4B62.2691.568.73%11.51%7.72%0.05
IDCC logoIDCCInterDigital, Inc.Direct Competitor7.16B278.0023.56-3.97%44.2%33.37%0.46
IIIV logoIIIVi3 Verticals, Inc.Direct Competitor486.07M22.0039.29-7.29%7.33%3.22%0.01
EVTC logoEVTCEVERTEC, Inc.Product Competitor1.74B28.1612.8010.21%9.6%11.07%1.58
TASK logoTASKTaskUs, Inc.Product Competitor601.36M6.686.0718.95%11.64%21.23%0.50
RELY logoRELYRemitly Global, Inc.Product Competitor5B23.7376.5529.37%6.12%12.66%0.25
DAL logoDALDelta Air Lines, Inc.Supply Chain47.89B73.329.572.79%7.9%24.12%1.02

Compare YOU vs Peers

Clear Secure, Inc. (YOU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs OSIS

Most directly comparable listed peer for YOU.

Scale Benchmark

vs MAR

Larger-name benchmark to compare YOU against a more recognizable public peer.

Peer Set

Compare Top 5

vs OSIS, CGNX, IDCC, IIIV

YOU Income Statement

Clear Secure, Inc. (YOU) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue192.28M230.8M253.95M437.43M613.58M770.49M900.78M942.41M
Revenue Growth %-20.03%10.03%72.25%40.27%25.57%16.91%17.39%
Cost of Goods Sold92.32M73.72M104.94M161.05M231.47M281.15M127.85M84.42M
COGS % of Revenue48.01%31.94%41.32%36.82%37.72%36.49%14.19%-
Gross Profit
99.97M▲ 0%
157.08M▲ 57.1%
149.02M▼ 5.1%
276.38M▲ 85.5%
382.11M▲ 38.3%
489.34M▲ 28.1%
772.93M▲ 58.0%
858M▲ 0%
Gross Margin %51.99%68.06%58.68%63.18%62.28%63.51%85.81%91.04%
Gross Profit Growth %-57.13%-5.13%85.47%38.26%28.06%57.95%-
Operating Expenses156.13M176.01M263.95M405.44M361.97M366.15M586.45M591.84M
OpEx % of Revenue81.2%76.26%103.94%92.69%58.99%47.52%65.11%-
Selling, General & Admin127.59M134.55M204.1M319.85M265.88M266.31M286.83M298.3M
SG&A % of Revenue66.36%58.3%80.37%73.12%43.33%34.56%31.84%-
Research & Development21.22M32.04M47.49M66.8M74.44M73.35M72.38M76.24M
R&D % of Revenue11.04%13.88%18.7%15.27%12.13%9.52%8.04%-
Other Operating Expenses7.32M9.42M12.36M18.79M21.65M26.48M227.24M3M
Operating Income
-56.16M▲ 0%
-18.93M▲ 66.3%
-114.93M▼ 507.2%
-129.06M▼ 12.3%
20.14M▲ 115.6%
123.19M▲ 511.7%
186.48M▲ 51.4%
211.07M▲ 0%
Operating Margin %-29.21%-8.2%-45.26%-29.5%3.28%15.99%20.7%22.4%
Operating Income Growth %-66.3%-507.18%-12.29%115.6%511.73%51.37%-
EBITDA-48.85M-9.51M-102.58M-110.27M41.79M149.67M221.1M246M
EBITDA Margin %-25.4%-4.12%-40.39%-25.21%6.81%19.43%24.55%26.1%
EBITDA Growth %-80.54%-979.06%-7.5%137.89%258.18%47.73%50.16%
D&A (Non-Cash Add-back)7.32M9.42M12.36M18.79M21.65M26.48M34.62M34.92M
EBIT-56.16M-18.93M-114.93M-129.06M20.14M123.19M206.07M160.31M
Net Interest Income1.94M612K-349K6.59M29.01M32.51M24.38M30.54M
Interest Income1.94M612K06.59M29.01M32.51M24.38M30.54M
Interest Expense00349K00000
Other Income/Expense1.94M9.63M-5K11.57M30.47M-56.56M19.59M21.73M
Pretax Income
-54.22M▲ 0%
-9.29M▲ 82.9%
-114.94M▼ 1136.7%
-117.5M▼ 2.2%
50.61M▲ 143.1%
66.63M▲ 31.6%
206.07M▲ 209.3%
232.81M▲ 0%
Pretax Margin %-28.2%-4.03%-45.26%-26.86%8.25%8.65%22.88%24.7%
Income Tax016K233K-2.06M724K-158.65M37.92M18.14M
Effective Tax Rate %0%-0.17%-0.2%1.75%1.43%-238.11%18.4%7.79%
Net Income
-54.22M▲ 0%
-9.31M▲ 82.8%
-36.08M▼ 287.6%
-65.57M▼ 81.7%
28.11M▲ 142.9%
169.68M▲ 503.7%
109.17M▼ 35.7%
168.87M▲ 0%
Net Margin %-28.2%-4.03%-14.21%-14.99%4.58%22.02%12.12%17.92%
Net Income Growth %-82.83%-287.56%-81.73%142.87%503.66%-35.66%-4.2%
Net Income (Continuing)-54.22M-9.31M-115.17M-115.44M49.89M225.27M168.15M214.67M
Discontinued Operations00000000
Minority Interest00261.86M219.86M135.9M39.59M26.65M28.29M
EPS (Diluted)
-0.71▲ 0%
-0.14▲ 80.3%
-1.49▼ 964.3%
-1.41▲ 5.4%
0.31▲ 122.0%
1.56▲ 403.2%
1.12▼ 28.2%
1.67▲ 0%
EPS Growth %-80.28%-964.29%5.37%121.99%403.23%-28.21%-24.39%
EPS (Basic)-0.36-0.14-1.49-1.410.311.811.14-
Diluted Shares Outstanding73.48M65.43M77.44M82.12M91.62M144.51M97.27M101.05M
Basic Shares Outstanding146.77M65.43M77.44M82.12M90.6M93.89M95.44M99.21M
Dividend Payout Ratio----445.41%55.03%84.17%-

YOU Balance Sheet

Clear Secure, Inc. (YOU) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets261.54M171.64M653.08M741.6M770.03M662.22M764.61M864.86M
Cash & Short-Term Investments247.27M154.04M615.34M704.75M723.1M609.5M700.17M800.08M
Cash Only213.88M116.23M280.11M38.94M57.9M66.89M85.73M170.68M
Short-Term Investments33.38M37.81M335.23M665.81M665.2M542.61M614.44M629.4M
Accounts Receivable1.11M912K5.33M1.17M526K511K1.93M1.06M
Days Sales Outstanding2.111.447.660.980.310.240.780.55
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets2.96M2.9M12.91M5.12M8.76M13.11M62.52M63.72M
Total Non-Current Assets57.33M60.63M159.67M295.92M274.98M532.71M538.78M557.33M
Property, Plant & Equipment26.93M35.24M44.52M181.8M178.49M165.75M159.38M156.66M
Fixed Asset Turnover7.14x6.55x5.70x2.41x3.44x4.65x5.65x5.99x
Goodwill0059.79M58.81M62.76M62.76M62.68M62.68M
Intangible Assets1.16M1.56M22.93M22.29M20.82M15.3M2.75M2.64M
Long-Term Investments459K459K459K459K6.46M7M02.79M
Other Non-Current Assets28.78M23.37M31.97M32.55M6.45M7.22M313.96M962.23M
Total Assets
318.87M▲ 0%
232.27M▼ 27.2%
812.75M▲ 249.9%
1.04B▲ 27.7%
1.05B▲ 0.7%
1.19B▲ 14.3%
1.3B▲ 9.1%
1.42B▲ 0%
Asset Turnover0.60x0.99x0.31x0.42x0.59x0.64x0.69x0.75x
Asset Growth %--27.16%249.92%27.66%0.72%14.35%9.08%88.29%
Total Current Liabilities163.62M146.1M264.59M397.47M552.05M643.05M759.9M859.97M
Accounts Payable7.13M8.52M8.81M7.95M11.78M18.02M7.16M6.47M
Days Payables Outstanding28.2142.1830.6418.0218.5823.3920.4331.07
Short-Term Debt00000000
Deferred Revenue (Current)121.34M101.54M188.56M283.45M376.25M439.75M516.2M1.98B
Other Current Liabilities24.53M27.37M18.13M17.36M139.6M18.5M236.54M305.07M
Current Ratio1.60x1.17x2.47x1.87x1.39x1.03x1.01x1.01x
Quick Ratio1.60x1.17x2.47x1.87x1.39x1.03x1.01x1.01x
Cash Conversion Cycle--------30.52
Total Non-Current Liabilities3.35M3.81M8.69M129.12M123.74M313.94M339.11M348.58M
Long-Term Debt00000000
Capital Lease Obligations000125.15M121.66M115.1M0109.53M
Deferred Tax Liabilities003.79M2.44M1.71M948K0357K
Other Non-Current Liabilities3.35M3.81M4.9M1.54M370K197.89M339.11M1.21B
Total Liabilities166.97M149.91M273.28M526.6M675.78M956.99M1.1B1.21B
Total Debt000130.11M127.38M121.25M00
Net Debt-213.88M-116.23M-280.11M91.17M69.48M54.36M-85.73M-170.68M
Debt / Equity---0.25x0.34x0.51x-0.00x
Debt / EBITDA----3.05x0.81x-0.00x
Net Debt / EBITDA----1.66x0.36x-0.39x-0.39x
Interest Coverage---329.32x-----
Total Equity
151.9M▲ 0%
82.36M▼ 45.8%
539.47M▲ 555.1%
510.92M▼ 5.3%
369.22M▼ 27.7%
237.94M▼ 35.6%
204.38M▼ 14.1%
213.63M▲ 0%
Equity Growth %--45.78%555.05%-5.29%-27.73%-35.56%-14.1%2.66%
Book Value per Share2.071.266.976.224.031.652.102.11
Total Shareholders' Equity151.9M82.36M277.61M291.06M233.33M198.35M177.73M185.35M
Common Stock435.23M569.25M1K1K1K1K1K1K
Retained Earnings-291.35M-494.77M-36.13M-101.8M-73.71M83.78M119.79M123.42M
Treasury Stock00000000
Accumulated OCI3K27K-103K-1.53M2.05M343K840K-315K
Minority Interest00261.86M219.86M135.9M39.59M26.65M28.29M

YOU Cash Flow Statement

Clear Secure, Inc. (YOU) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations16.57M-12.34M69.71M168.31M225.03M295.68M372.45M372.45M
Operating CF Margin %8.62%-5.35%27.45%38.48%36.68%38.38%41.35%-
Operating CF Growth %--174.44%664.98%141.45%33.7%31.39%25.97%114.26%
Net Income-54.22M-9.31M-115.17M-115.44M49.89M225.27M243.99M168.87M
Depreciation & Amortization7.32M9.42M12.36M18.79M21.65M26.48M34.62M34.95M
Stock-Based Compensation14.66M3.43M36.51M138.5M37.29M35.34M38.93M42.45M
Deferred Taxes000-2.47M-722K-165.77M24.38M14.55M
Other Non-Cash Items3.49M1.13M18.4M4.32M-2.02M213K-66.21M153.89M
Working Capital Changes45.33M-17M117.61M124.61M118.95M174.14M96.73M20.82M
Change in Receivables-401K201K-4.21M4.16M643K15K-1.58M-716K
Change in Inventory01.73M000000
Change in Payables-2.23M404K1.45M-752K4.53M2.2M-6.37M-1.13M
Cash from Investing-25.78M-21.58M-403.2M-359.59M-15.51M113.78M-97.1M-211.79M
Capital Expenditures-14.68M-16.93M-28.15M-31.91M-25.55M-12.01M-29.34M-27.13M
CapEx % of Revenue7.64%7.33%11.08%7.29%4.16%1.56%3.26%-
Acquisitions0-424K-75.83M545K-3.75M002.7M
Investments--------
Other Investing-502K174K-822K-545K-580K-318K2.7M62.55M
Cash from Financing180.36M-63.05M503.4M-48.87M-216.01M-401.55M-257.33M-169.98M
Debt Issued (Net)00000000
Equity Issued (Net)180.36M-62.4M505.37M-5.2M-69.67M-272.92M-126.34M-30.55M
Dividends Paid000-38.09M-125.19M-93.37M-91.88M-64.9M
Share Repurchases-12.09M-210.34M-11.74M-5.2M-69.67M-272.92M-126.34M-31.79M
Other Financing0-652K-1.97M-5.58M-21.14M-35.26M-39.1M-74.53M
Net Change in Cash
171.15M▲ 0%
-96.97M▼ 156.7%
170.04M▲ 275.4%
-240.24M▼ 241.3%
-6.48M▲ 97.3%
7.95M▲ 222.6%
18.15M▲ 128.4%
82.84M▲ 0%
Free Cash Flow
1.39M▲ 0%
-29.26M▼ 2205.3%
40.74M▲ 239.2%
136.4M▲ 234.8%
198.9M▲ 45.8%
283.67M▲ 42.6%
343.11M▲ 21.0%
437.33M▲ 0%
FCF Margin %0.72%-12.68%16.04%31.18%32.42%36.82%38.09%46.41%
FCF Growth %--2205.32%239.21%234.84%45.82%42.62%20.96%47.12%
FCF per Share0.02-0.450.531.662.171.963.533.53
FCF Conversion (FCF/Net Income)-0.31x1.33x-1.93x-2.57x8.01x1.74x3.41x2.59x
Interest Paid00000000
Taxes Paid00000000

YOU Key Ratios

Clear Secure, Inc. (YOU) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)-7.95%-11.61%-12.49%6.39%55.89%49.36%95.04%
Return on Invested Capital (ROIC)--76.46%-22.47%2.9%25.28%68.07%68.07%
Gross Margin68.06%58.68%63.18%62.28%63.51%85.81%91.04%
Net Margin-4.03%-14.21%-14.99%4.58%22.02%12.12%17.92%
Debt / Equity--0.25x0.34x0.51x-0.00x
Interest Coverage--329.32x-----
FCF Conversion1.33x-1.93x-2.57x8.01x1.74x3.41x2.59x
Revenue Growth20.03%10.03%72.25%40.27%25.57%16.91%17.39%

YOU SEC Filings & Documents

Clear Secure, Inc. (YOU) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Feb 25, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 5, 2025·SEC

YOU Frequently Asked Questions

Clear Secure, Inc. (YOU) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Clear Secure, Inc. (YOU) reported $942.4M in revenue for fiscal year 2025. This represents a 390% increase from $192.3M in 2019.

Clear Secure, Inc. (YOU) grew revenue by 16.9% over the past year. This is strong growth.

Yes, Clear Secure, Inc. (YOU) is profitable, generating $168.9M in net income for fiscal year 2025 (12.1% net margin).

Dividend & Returns

Yes, Clear Secure, Inc. (YOU) pays a dividend with a yield of 1.55%. This makes it attractive for income-focused investors.

Clear Secure, Inc. (YOU) has a return on equity (ROE) of 49.4%. This is excellent, indicating efficient use of shareholder capital.

Clear Secure, Inc. (YOU) generated $437.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More YOU

Clear Secure, Inc. (YOU) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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