Clear Secure, Inc.(YOU)— Stock Profile, AI Score & Financials
Technology · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Clear Secure, Inc. (YOU) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores YOU at 73.1/100 on a 32-signal composite quality model, placing it at rank #139 of 2,960 stocks — the top 5% of the AI-ranked universe. YOU scores in the top quartile across free cash flow (95.2), balance sheet strength (86.9), earnings quality (85.0). Shareholder dilution risk is elevated at 26.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Clear Secure, Inc. reports quarterly revenue of $277.8M, net income of $50.0M, free cash flow of $189.0M. Top institutional holders of YOU by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. YOU trades on the NYSE exchange and files with the SEC under CIK 1856314. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate YOU daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Clear Secure, Inc. directly from SEC EDGAR.
AI Quality Score
73.1/100
AI Rank
#139
Revenue
$277.8M
Net Income
$50.0M
Free Cash Flow
$189.0M
YOU key financials by period
Clear Secure, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$900.8M
$109.2M
20.7%
FY 2024
10-K
$770.5M
$169.7M
16.0%
FY 2023
10-K
$613.6M
$28.1M
3.3%
FY 2022
10-K
$437.4M
$-65.6M
-29.5%
FY 2021
10-K
$254.0M
$-36.1M
-45.3%
FY 2020
10-K
$230.8M
—
-8.2%
Institutions holding YOU
Institutional investors reporting a position in Clear Secure, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 27% to $277.8M on 15% Active CLEAR+ Member growth plus price increases, driving operating income up 95% to $83.0M.
Filing: substantially all revenue from CLEAR+ subscriptions; growth from 15% increase in Active CLEAR+ Members and CLEAR+ price increases
Largest Expense Items
General and administrative$65.9M+13% YoY
$3.1M higher employee compensation, mainly equity comp, $2.4M higher credit card fees on higher Total Bookings, $1.5M professional fees
Cost of direct salaries and benefits$48.0M+1% YoY
Higher overhead costs offset by lower employee compensation costs
Cost of revenue share fee$39.3M+26% YoY
$7.1M (34%) increase in per Member fees and $1.0M (9%) increase in fixed airport fees
Research and development$17.8M-3% YoY
$1.4M lower employee compensation and $0.2M lower professional fees, partly offset by $1.2M higher technology costs
Margins: Operating income reached $83.0M, up 95%, as 27% revenue growth outpaced expense growth. Adjusted EBITDA margin expanded to 36.4% from 27.4%; net income margin rose to 26.0% from 17.3%.
Watch Items from the Filing
Total Bookings grew 33% to $295.9M, ahead of 27% revenue growth, on Active CLEAR+ Member growth and price increases; deferred revenue rose to $573.0M.
Accrued partnership liabilities jumped to $315.4M from $163.4M, primarily merchant credit card benefits the company expects to fund in the second half.
Tax receivable agreement liability of $256.7M recorded, with $11.8M payable within twelve months; six-month TRA payments were $14.3M versus $0.3M last year.
Effective tax rate rose to 20.8% from 14.5%, driven by higher pre-tax earnings and increased Clear Secure, Inc. ownership percentage as non-controlling interest fell to 24.21%.
June 2026 Amendment No. 4 cut revolver commitments from $100M to $50M; remaining borrowing capacity is $17.7M net of standby letters of credit, no debt outstanding.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
