YOU

Clear Secure, Inc.

Ticker: YOUTechnologyPrepackaged Software
HQ NEW YORK, NYCIK 1856314FY end 12-31Book / share $2.02Shares 102M
Revenue (FY)
$900.78M+16.91%
TTM $1.00B
Op. margin
20.70%+4.71%
TTM 25.13%
Net income
$168.15M-25.36%
TTM $220.38M
Operating cash
$372.45M+25.97%
TTM $542.64M
Free cash flow
$343.11M+20.96%
TTM $508.39M
Return on equity
61.42%-24.12%
TTM 71.70%
Debt / equity
Shares outstanding
97.3M-17.62%
TTM 102.0M

The business

Clear Secure, Inc. (NASDAQ: YOU) operates as a secure identity company making experiences safer and easier both digitally and physically through its innovative biometric and identity verification platform. The company's website is located at www.clearme.com.

The company serves two primary business segments: CLEAR+, a consumer travel subscription service, and CLEAR1, an enterprise identity verification solution. CLEAR+ enables members to access predictable and fast experiences through dedicated entry lanes in airport security checkpoints nationwide, complemented by services including TSA PreCheck enrollment, CLEAR Concierge, and digital identity tools. CLEAR1 extends the secure identity platform to business-to-business partners across healthcare, workforce, and governmental sectors, offering multi-layered identity verification combining biometric, document, and device signals with verified data sources.

As of December 31, 2025, Clear Secure operates an expansive network providing 38 million Total CLEAR Members with access to 166 CLEAR+ lanes across 60 airports, TSA PreCheck enrollment at 61 airports and 340 retail locations, priority lanes at 9 sports and entertainment venues, and a growing list of B2B partners. The company employs 3,301 full-time employees with significant workforces in New York, New Jersey, and Los Angeles, supported by approximately 3,708 Ambassadors and field managers deployed across airport and partner locations.

The company's business model is powered by network effects and characterized by efficient member acquisition and strong retention rates, with in-airport enrollment representing the largest acquisition channel. Clear Secure's platform originated in the highly regulated aviation security environment, where it has operated for over 15 years, earning FISMA High Rating certification and Qualified Anti-Terrorism Technology designation under the SAFETY Act. The company's competitive advantages include its trusted brand with passionate membership base, operational expertise at scale across complex regulated environments, innovative and scalable technology platform, and powerful network effects that increase value as the membership base and partner ecosystem expand.

Sector
Technology
Industry
Prepackaged Software
HQ
NEW YORK, NY
FY end
12-31
CIK
1856314
SIC
7372
Financial performance · annual
20212025
$-227.05M$107.79M$442.63M$777.48M$1.11B20212022202320242025TTMTTMTTM

Ownership

Who holds Clear Secure, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q1 · 13F 2026-06-30

353
funds hold it
1 of 35
superinvestors hold it
$1.89B
fund-held value
40.8%
of shares held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.28%$257.75M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$138.23M
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY · First Trust Exchange-Traded Fund VI
1.19%$120.35M
iShares Russell 2000 ETF
IWM · iShares Trust
0.15%$104.38M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%$99.40M

Superinvestors in Clear Secure, Inc.

Polen CapitalDECREASED -9.7%
Polen Capital Management
0.1%

Share of each manager's reported 13F portfolio.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

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15 years of Clear Secure, Inc.'s financials

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