CLEAR Secure (NYSE:YOU) Posts Quarterly Earnings Results

CLEAR Secure (NYSE:YOU) issued its earnings results on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31, FiscalAI reports. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The company had revenue of $240.75 million during the quarter, compared to analyst estimates of $235.66 million. During the same quarter last year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis.

Here are the key takeaways from CLEAR Secure’s conference call:

• Strong financial results and outlook — Q4 revenue was $240.8M (+16.7%), FY revenue $900.8M (+16.9%), Q4 Adjusted EBITDA margin 33.2%, FY Free Cash Flow of $343.1M, and management guides 2026 Free Cash Flow of at least $440M while raising the regular dividend and expanding the buyback program.
• CLEAR1 enterprise momentum: record-breaking bookings (more than doubling year‑over‑year), the largest number of new enterprise customers signed in a quarter, and a multi‑year CMS integration to combat Medicare fraud that broadens the healthcare pipeline.
• Consumer travel product progress — the relaunched mobile app, eGates rollout, and expanded Concierge (now in ~30 airports) are improving NPS and retention, and CLEAR renewed a multi‑year embedded benefit partnership with American Express.
• KPIs and membership notes: management is simplifying reported metrics and renamed a metric to Total CLEAR Members (38.0M, +31.5%); Active Clear+ members were 7.6M (+6%) following a one‑time cleanup from a billing migration that the company says did not affect revenue.

CLEAR Secure Stock Performance

NYSE YOU traded up $9.02 during trading on Wednesday, hitting $42.49. 3,637,744 shares of the company’s stock traded hands, compared to its average volume of 1,418,192. The business has a 50 day moving average of $34.50 and a 200-day moving average of $34.50. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 25.48 and a beta of 1.21. CLEAR Secure has a 12-month low of $21.75 and a 12-month high of $42.29.

Wall Street Analysts Forecast Growth

YOU has been the topic of a number of research reports. Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. Stifel Nicolaus set a $38.00 target price on CLEAR Secure in a report on Thursday, November 6th. JPMorgan Chase & Co. upgraded shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $42.00 in a report on Friday, December 12th. Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Wall Street Zen downgraded shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, CLEAR Secure presently has an average rating of “Hold” and a consensus price target of $40.86.

Insider Activity

In related news, Director Adam Wiener sold 14,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the sale, the director directly owned 165,634 shares in the company, valued at $5,797,190. This represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Lynn Haaland sold 15,532 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $41.00, for a total transaction of $636,812.00. Following the sale, the insider directly owned 15,533 shares of the company’s stock, valued at $636,853. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 37,532 shares of company stock valued at $1,446,812. Corporate insiders own 39.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Durable Capital Partners LP increased its position in shares of CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after buying an additional 4,531,161 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in CLEAR Secure by 6,038.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after acquiring an additional 1,439,873 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of CLEAR Secure by 4,573.0% in the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after acquiring an additional 909,152 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after purchasing an additional 430,035 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in CLEAR Secure by 336.0% in the third quarter. BNP Paribas Financial Markets now owns 533,447 shares of the company’s stock valued at $17,806,000 after acquiring an additional 411,093 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.