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

CLEAR Secure (NYSE:YOU) announced its earnings results on Wednesday. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31, FiscalAI reports. The firm had revenue of $240.75 million for the quarter, compared to analysts’ expectations of $235.66 million. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share.

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

YOU traded up $9.02 on Wednesday, hitting $42.49. The company had a trading volume of 3,637,744 shares, compared to its average volume of 1,418,192. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 25.48 and a beta of 1.21. The company’s fifty day moving average price is $34.50 and its 200 day moving average price is $34.50. CLEAR Secure has a 1-year low of $21.75 and a 1-year high of $42.29.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus set a $38.00 target price on CLEAR Secure in a research report on Thursday, November 6th. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Wells Fargo & Company raised their price objective on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $45.00 price target on shares of CLEAR Secure in a research report on Wednesday, February 18th. Finally, 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 research note on Friday, December 12th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.86.

Insiders Place Their Bets

In other CLEAR Secure news, Director Adam Wiener sold 14,000 shares of the company’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lynn Haaland sold 15,532 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $41.00, for a total value of $636,812.00. Following the completion of the sale, the insider directly owned 15,533 shares in the company, valued at $636,853. This trade represents 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 valued at $1,446,812 over the last 90 days. 39.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CLEAR Secure

Hedge funds have recently modified their holdings of the business. Daiwa Securities Group Inc. increased its stake in CLEAR Secure by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after acquiring an additional 323 shares during the period. California State Teachers Retirement System grew its stake in shares of CLEAR Secure by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 94,593 shares of the company’s stock valued at $2,626,000 after purchasing an additional 508 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of CLEAR Secure by 4.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,447 shares of the company’s stock worth $402,000 after buying an additional 529 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of CLEAR Secure by 4.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 13,005 shares of the company’s stock worth $456,000 after buying an additional 533 shares during the period. Finally, Aviva PLC lifted its position in shares of CLEAR Secure by 4.6% during the 4th quarter. Aviva PLC now owns 13,731 shares of the company’s stock worth $482,000 after buying an additional 606 shares during the period. 73.80% of the stock is owned by institutional investors.

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.