What is the 13F Pro Quality Score for YOU?

13F Pro ranks Clear Secure, Inc. (YOU) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View YOU's current score at https://13fpro.ai/research/YOU (free sign-up required for the full ranking).

Where does 13F Pro source YOU data?

All Clear Secure, Inc. fundamentals and ownership data come directly from SEC EDGAR. Clear Secure, Inc. files with the SEC under CIK 1856314. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is YOU in?

Clear Secure, Inc. (YOU) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives YOU's revenue?

Per Clear Secure, Inc.'s latest 10-Q filed with the SEC on 2026-05-06, the biggest revenue drivers are: CLEAR+ subscription service (~$237M (estimated), +20% YoY); TSA PreCheck® Enrollment Provided by CLEAR (Included in total revenue); CLEAR1 (B2B identity verification) (Included in total revenue). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/YOU.

What are YOU's largest expenses?

Clear Secure, Inc.'s latest 10-Q reports these as the largest expense items: General and administrative ($63.6M, +16% YoY); Cost of revenue share fee ($36.9M, +25% YoY); Cost of direct salaries and benefits ($48.3M, -5% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is YOU research updated on 13F Pro?

YOU's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Clear Secure, Inc.(YOU)Stock Analysis

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13F Pro Quality Score

74.0/100

Rank #168 of 2,879 stocksTOP 10%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

81.7/100

Profitability

75.9/100

Balance Sheet

84.7/100

Earnings Quality

91.5/100

Free Cash Flow

89.2/100

Institutional Flow

64.3/100

Revenue Scale

47.9/100

Dilution Risk

27.9/100

YOU Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Clear Secure, Inc. (YOU), a Technology sector company. 13F Pro's AI-powered ranking engine scores YOU at 74.0/100 on a 32-signal composite quality model, placing it at rank #168 of 2,879 stocks — the top 10% of the AI-ranked universe. YOU scores in the top quartile across earnings quality (91.5), free cash flow (89.2), balance sheet strength (84.7). Shareholder dilution risk is elevated at 27.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Clear Secure, Inc. reports quarterly revenue of $253.0M, net income of $38.8M, an operating margin of 24.5%. 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. Clear Secure, Inc.'s 13F Pro composite quality score has ranged between 8 and 74 since 2022, currently 74.0 — an improving long-term trajectory across 52 quarterly and live scoring snapshots.

✦

Fun facts about Clear Secure, Inc.

Quirks, history, and lore behind YOU — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology company · mid-cap · listed on the NYSE · headquartered in New York City.
2
The Numbers
The company operates on a subscription and transaction fee model, with revenue in the hundreds of millions annually — most of it tied to how many people walk through a gate.
3
The History
Founded in the mid-2000s, it originally deployed its identity-verification technology in U.S. airports before expanding into stadiums, arenas, and beyond.
4
The Secret
The core product is a dedicated security lane that lets pre-enrolled members skip the standard queue using biometric identity verification — fingerprints or iris scans.
5
The Lore
You've probably seen the kiosks at TSA checkpoints and major sports venues — the company partners with the MLB, NFL, and dozens of airports to make lines disappear for paying members.
6
The Giveaway
It's the company behind those blue-and-white biometric kiosks at airport security — enroll once, scan your eyes or fingerprints, and breeze past the line for about $189 a year.

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What's Driving YOU's Business? Latest 10-Q Breakdown

AI-extracted from Clear Secure, Inc.'s 10-Q filed 2026-05-06 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Clear Secure reported Q1 2026 revenue of $253.0M (+20% YoY) with operating income of $62.0M (+66% YoY), driven by 13% growth in Active CLEAR+ Members and price increases.

Biggest Revenue Drivers

Total revenue: $253.0M+20% YoY

CLEAR+ subscription service~$237M (estimated)+20% YoY

Driven by 13% increase in Active CLEAR+ Members (8,167K vs 7,229K YoY) and price increases to CLEAR+ membership

TSA PreCheck® Enrollment Provided by CLEARIncluded in total revenue

Generated from per-transaction enrollments and renewals across multiple locations

CLEAR1 (B2B identity verification)Included in total revenue

Multi-year agreements with transaction and platform fees; early stage with immaterial revenue contribution

Largest Expense Items

General and administrative$63.6M+16% YoY

$5.6M increase in employee compensation costs primarily related to performance-based equity compensation; $3.2M increase in credit card fees due to higher bookings

Cost of revenue share fee$36.9M+25% YoY

$1.0M increase in fixed airport fees and $6.3M increase in per-Member fees

Cost of direct salaries and benefits$48.3M-5% YoY

$4.1M decrease from lower average employee count, partially offset by $2.0M increase in overhead costs

Sales and marketing$16.0M+19% YoY

$1.9M higher commission expense related to CLEAR1 B2B offering; $1.2M higher marketing expense

Watch Items from the Filing

Non-controlling interest ownership decreased from 26.18% to 24.63% following 2.18M share exchange by Alclear Members, reducing net income attributable to Clear Secure but expanding per-share earnings.
Effective tax rate increased to 20.3% (Q1 2026) from 12.3% (Q1 2025) due to higher pre-tax earnings and increased Clear Secure ownership percentage; TRA liability of $252.5M recognized.
Total Bookings grew 41% YoY to $291.7M, indicating strong forward momentum in subscription growth and member acquisition.
Free Cash Flow of $185.5M in Q1 2026 (+103% YoY) supported by higher net income and favorable working capital changes, providing strong liquidity for capital returns and investments.
American Express partnership renewed in February 2026 on multi-year terms; provides statement credits for eligible cardholders, representing a key distribution channel for CLEAR+ member acquisition.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$253.0M

Net Income

Q1 2026

$38.8M

Free Cash Flow

Q1 2026

$185.5M

Operating Margin

Q1 2026

24.5%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+25.6% YoY

$770.5MFY 2024

FY19 $192.3MFY21 $254.0MFY23 $613.6MFY24 $770.5M

Net Income

+503.7% YoY

$169.7MFY 2024

FY19 —FY21 $-36.1MFY23 $28.1MFY24 $169.7M

Operating Income

+511.7% YoY

$123.2MFY 2024

FY19 $-56.2MFY21 $-114.9MFY23 $20.1MFY24 $123.2M

Total Assets

+14.3% YoY

$1.19BFY 2024

FY19 —FY21 $812.8MFY23 $1.05BFY24 $1.19B

Op. Cash Flow

+31.4% YoY

$295.7MFY 2024

FY19 $16.6MFY21 $69.7MFY23 $225.0MFY24 $295.7M

Metric	FY 2024	FY 2023	FY 2021	FY 2019
Revenue	$770.5M +25.6%	$613.6M +141.6%	$254.0M +32.1%	$192.3M
Net Income	$169.7M +503.7%	$28.1M +177.9%	$-36.1M	—
Operating Income	$123.2M +511.7%	$20.1M +117.5%	$-114.9M -104.6%	$-56.2M
Total Assets	$1.19B +14.3%	$1.05B +28.6%	$812.8M	—
Operating Cash Flow	$295.7M +31.4%	$225.0M +222.8%	$69.7M +320.6%	$16.6M

AI Insight: YOU Financial Trends

Clear Secure's operating income doubled from $30M in Q2 2024 to $62M in Q1 2026, signaling sustained and accelerating profitability improvement.

• Revenue grew steadily from $187M in Q2 2024 to $253M in Q1 2026, a 35% increase over six quarters.

• Operating income expanded from $30M in Q2 2024 to $62M in Q1 2026, with operating margin rising from ~16% to ~25%.

• Operating cash flow turned strongly positive at $190M in Q1 2026, recovering from negative prints of -$36M in Q3 2024 and -$47M in Q3 2025.

• Net income rose from $24M–$25M range in mid-2024 to $39M in Q1 2026, ex-Q4 2024's outsized $103M item.

⚠ Operating cash flow turned sharply negative in Q3 2024 (-$36M) and Q3 2025 (-$47M), suggesting recurring seasonal cash burn mid-year.

⚠ Equity remains volatile, swinging from $198M in Q4 2024 down to $117M in Q1 2025, implying significant capital returns or distributions.

⚠ Debt data is absent across all periods; clarity on leverage structure is needed to fully assess balance sheet risk.

AI Insight: YOU Ratio Trends

Clear Secure's operating margin hit 24.5% in Q1 2026, the highest in the dataset, while net profit margin surged to 15.3% — a multi-quarter high excluding a Q4 2024 one-off.

• Operating margin expanded steadily from 16.2% in Q2 2024 to 24.5% in Q1 2026, a gain of 8.3 percentage points.

• Net profit margin reached 15.3% in Q1 2026, up from 11.3% in Q2 2025, the highest recurring NPM in the table.

• ROA climbed to 10.9% in Q1 2026, matching Q3 2024 levels and recovering from a trough of 8.4% in Q2 2025.

⚠ D/E and ROIC data are absent across most periods, limiting leverage and capital-efficiency trend analysis.

⚠ Q4 2024 NPM spiked to 50.1% — a clear one-off; underlying earnings quality warrants scrutiny if non-recurring items persist.

⚠ ROE declined from 87.1% in Q1 2025 to 69.2% in Q4 2025 before rebounding to 83.7% — volatility signals equity-base fluctuations.

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Available Research

13F Pro tracks comprehensive data for Clear Secure, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of YOU

BlackRock, Inc.
$732.1M15,122,080 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$344.5M7,117,017 sh
VANGUARD CAPITAL MANAGEMENT LLC
$193.9M4,005,646 sh
STATE STREET CORP
$165.0M3,407,833 sh
RENAISSANCE TECHNOLOGIES LLC
$162.3M3,352,717 sh
Durable Capital Partners LP
$143.9M2,971,595 sh
FIRST TRUST ADVISORS LP
$138.3M2,857,379 sh
GOLDMAN SACHS GROUP INC
$137.8M2,846,063 sh
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$129.8M2,680,942 sh
GEODE CAPITAL MANAGEMENT, LLC
$129.0M2,663,412 sh

Fund	Value	Shares
BlackRock, Inc.	$732.1M	15,122,080
VANGUARD PORTFOLIO MANAGEMENT LLC	$344.5M	7,117,017
VANGUARD CAPITAL MANAGEMENT LLC	$193.9M	4,005,646
STATE STREET CORP	$165.0M	3,407,833
RENAISSANCE TECHNOLOGIES LLC	$162.3M	3,352,717
Durable Capital Partners LP	$143.9M	2,971,595
FIRST TRUST ADVISORS LP	$138.3M	2,857,379
GOLDMAN SACHS GROUP INC	$137.8M	2,846,063
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$129.8M	2,680,942
GEODE CAPITAL MANAGEMENT, LLC	$129.0M	2,663,412

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Is YOU a good stock to buy?

13F Pro's AI-powered analysis of Clear Secure, Inc. (YOU) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for YOU are available on the YOU stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own YOU?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling YOU. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Clear Secure, Inc.'s investment landscape.