CLEAR Secure (NYSE:YOU) Releases Quarterly Earnings Results, Hits Estimates

CLEAR Secure (NYSE:YOU) announced its quarterly earnings results on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $235.66 million. During the same quarter in the previous year, the business posted $0.91 EPS. CLEAR Secure’s revenue was up 16.7% compared to the same quarter last year.

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 Price Performance

Shares of YOU traded up $9.77 on Wednesday, reaching $43.24. The company’s stock had a trading volume of 3,957,456 shares, compared to its average volume of 1,430,664. The stock’s 50 day simple moving average is $34.50 and its two-hundred day simple moving average is $34.50. The stock has a market capitalization of $5.76 billion, a P/E ratio of 26.06 and a beta of 1.21. CLEAR Secure has a 12-month low of $21.75 and a 12-month high of $42.59.

Insider Activity at CLEAR Secure

In other news, Director Adam Wiener sold 14,000 shares of CLEAR Secure 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 transaction, the director owned 165,634 shares in the company, valued at $5,797,190. This trade represents a 7.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lynn Haaland sold 15,532 shares of the business’s 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 approximately $636,853. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,532 shares of company stock worth $1,446,812 over the last quarter. Insiders own 39.73% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Several large investors have recently made changes to their positions in the business. Durable Capital Partners LP grew its position in shares of CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. State Street Corp boosted its stake in CLEAR Secure by 1.8% in the 4th quarter. State Street Corp now owns 3,312,235 shares of the company’s stock worth $116,193,000 after purchasing an additional 59,067 shares during the period. Morgan Stanley boosted its stake in CLEAR Secure by 6.0% in the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock worth $94,605,000 after purchasing an additional 152,074 shares during the period. Wellington Management Group LLP grew its holdings in CLEAR Secure by 5.5% during the 4th quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock valued at $92,150,000 after buying an additional 137,249 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of CLEAR Secure by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,670,411 shares of the company’s stock valued at $58,600,000 after buying an additional 68,560 shares during the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on YOU. Telsey Advisory Group reiterated an “outperform” rating and issued a $45.00 target price on shares of CLEAR Secure in a research note on Wednesday, February 18th. JPMorgan Chase & Co. raised 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 research report on Friday, December 12th. DA Davidson set a $46.00 target price on CLEAR Secure and gave the company a “buy” rating in a research note on Tuesday, December 16th. Wells Fargo & Company boosted their price target on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. Finally, Weiss Ratings cut CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.86.

About CLEAR Secure

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.