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Companies / Information Technology / Clear Secure, Inc.
YOU

Clear Secure, Inc.

Information TechnologyPrepackaged Software
Ticker YOUNEW YORK, NYFiscal year ends DecemberBook value per share $2.02Diluted shares 102.0M

Clear Secure, Inc. (NYSE: YOU) operates a secure identity platform for consumer travel and enterprise customers. Its CLEAR+ subscription uses biometric identity verification to provide members access to dedicated airport security lanes, while its broader CLEAR Travel offerings include TSA PreCheck enrollment and… From the company’s description.

In fiscal 2025, Clear Secure, Inc. reported revenue of $900.78M, up 16.9% from fiscal 2024, and net income of $168.15M. Its operating margin was 20.7%, and operations generated $372.45M in cash. Over the twelve months to Jun 30, 2026, revenue was $1.00B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$900.78MFY2025
+16.9% year over year
Last 12 mo $1.00B
20.70%FY2025
+4.7 percentage points
Last 12 mo 25.13%
$168.15MFY2025
−25.4% year over year
Last 12 mo $220.38M
61.42%FY2025
−24.1 percentage points
Last 12 mo 71.70%
Cash & financing
$372.45MFY2025
+26.0% year over year
Last 12 mo $542.64M
$343.11MFY2025
+21.0% year over year
Last 12 mo $508.39M
—
97.3MFY2025
−17.6% year over year
Last 12 mo 102.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Clear Secure, Inc. does

In the company’s own words

Clear Secure, Inc. (NYSE: YOU) operates a secure identity platform for consumer travel and enterprise customers. Its CLEAR+ subscription uses biometric identity verification to provide members access to dedicated airport security lanes, while its broader CLEAR Travel offerings include TSA PreCheck enrollment and renewals, personalized airport assistance through CLEAR Concierge, travel benefits, and the CLEAR mobile app. Its CLEAR1 business provides identity verification software to partners, particularly in healthcare, workforce, and government, for uses such as customer check-in, account opening, age verification, employee onboarding, and access control. The platform combines biometric, document, device, and verified data signals, with partners choosing verification layers for their needs. As of December 31, 2025, CLEAR reported 38 million total members and operated 166 CLEAR+ lanes across 60 airports; TSA PreCheck enrollment was available at 61 airports and 340 retail locations. CLEAR was founded in 2010, and its corporate parent was formed in 2021 in connection with its initial public offering. Its website is www.clearme.com.

Company details
Sector
Information Technology
Industry (SIC)
Prepackaged Software
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1856314
SIC
7372

Financial performance, year by year

Fiscal 2021–2025 · USD
$-227.05M$107.79M$442.63M$777.48M$1.11B20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Clear Secure, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

392
funds hold it
1 of 35
superinvestors hold it
$2.55B
held by funds, at market
44.9%
of shares held by funds

Superinvestors in Clear Secure, Inc. · what they did last quarter

Polen CapitalDECREASED -9.7%
Polen Capital Management
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Clear Secure, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.28%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.16%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY · First Trust Exchange-Traded Fund VI
1.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

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.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Clear Secure, Inc. and its peers compare on margins and cash generation over ten years?”
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