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Clear Secure (YOU) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Clear Secure
NYSE•Technology•Software - Application
$40.67-0.91(-0.02%)Pre-market
Market Cap
$3.84B
P/E
26.0x
P/S
3.8x
P/B
18.6x

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.

B

How this company scores

GoodMetricSide Score: 71/100

Strongest: Cash & Earnings Quality (23/25); weakest: Growth (14/25).

Profitability19/25
Growth14/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality23/25
Strengths
Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 26.0x5y range 14.1x – 611.3x
P/E 26.0x · near its 12-quarter median

Currently near its 12-quarter median.

P/S · 3.8x5y range 2.5x – 5.9x
P/S 3.8x · near its 18-quarter median

Currently near its 18-quarter median.

P/B · 18.6x5y range 5.6x – 26.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Red Flag

Shares outstanding increased 7.7% — significant dilution, likely from stock compensation or capital raises.

Price & Volume
Market Cap $3.84B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$1.00B
7Q
Q. Revenue
$277.76M
7Q
TTM EBITDA
$286.29M
7Q
TTM Op. Income
$251.47M
7Q
Q. Op. Income
$82.95M
6Q
TTM Net Income
$147.89M
2Q
Q. Net Income
$50.05M
4Q
EPS
$0.5
4Q
Shares Out.
$100.85M
4Q
$1.00B in TTM revenue grew 19.8% YoY, reaching $277.76M last quarter. TTM EBITDA of $286.29M and TTM operating income of $251.47M show growth is flowing through to the bottom line. TTM net income of $147.89M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
85.9%
2Q
EBITDA Margin
32.3%
44%
Op. Margin
29.9%
2Q
Net Margin
18.0%
4Q
Op. margin of 29.9% is up 10.5% YoY — cost efficiency is improving. Net margin at 18.0% and gross margin of 85.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
26.0x
77%
P/S Ratio
3.8x
23%
P/B Ratio
18.6x
13%
At 26.0x P/E, the stock trades within typical market levels. P/S of 3.8x and P/B of 18.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 77% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$1.58B
3Q
Cash
$128.23M
44%
Long-Term Debt
N/A
Book Value
$206.24M
5Q
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$201.17M
64%
TTM Free Cash Flow
$508.39M
3Q
FCF Margin
50.8%
3Q
FCF / Net Income
3.4
99%
TTM FCF of $508.39M on $201.17M in operating cash flow. The FCF / Net Income ratio of 3.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.

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· above its 20-quarter median

Currently above its 20-quarter median.