Is Clear Secure (YOU) overvalued or fairly valued?

MarketChacha shows Clear Secure's valuation in context — a forward P/E of about 19.3, a price-to-book of about 26.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Clear Secure's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.91×) from reported figures — education, not a rating.

What is Clear Secure's revenue?

Clear Secure reported revenue of $900.8M for FY2025, with net profit of $109.2M, per official filings.

What is the share price of Clear Secure (YOU)?

Clear Secure last traded at $48.28 (-5.7% on the day), as of 8/11/2026 — a delayed quote shown for education, not investment advice.

Clear Secure

YOU · NYSE · Technology · United States

Snapshot

TickerYOU

ExchangeNYSE

SectorTechnology

IndustrySoftware - Application

CountryUnited States

Employees3,301

HeadquartersNew York, United States

Websitewww.clearme.com

Filings tracked14

About Clear Secure

Clear Secure, Inc. operates a secure identity platform under the CLEAR brand name primarily in the United States. It provides secure identity platform, a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members. In addition, it provides RESERVE powered by CLEAR to reservation spot for airport locations; Home to Gate, a feature to help travelers plan and time their trip to the airport; CLEAR1, a B2B offering that extends secure identity platform to partners to create friction-free experiences for their customers; CLEAR ID, a free and mobile digital ID that allow any traveler to verify their identity; CLEAR Concierge which enhances the CLEAR value proposition for high-frequency and premium travelers, as well as travelers requiring additional assistance, such as families and senior citizens; CLEAR Perks, a suite of added benefits that help CLEAR members get an even more seamless experience; TSA PreCheck Enrollment Provided by CLEAR, as well as online renewal services; Sora ID, a one-click know your customer that enables adding know your customer services to platform offerings; and a virtual queuing technology. The company has a strategic collaboration with Samsung Electronics America, Inc. for the development of Samsung ID with CLEAR, a digital ID solution that allows users to add a US passport to Samsung Wallet and verify their identity. The company was founded in 2010 and is headquartered in New York, New York. Clear Secure, Inc. is a subsidiary of Alclear Investments, Llc.

Who owns it

Insiders7.3%
Institutions92.7%
Public & other0.0%

591 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.46%
Vanguard Portfolio Management LLC6.92%
Vanguard Capital Management LLC3.89%
State Street Corporation3.60%
Renaissance Technologies, LLC3.26%
Durable Capital Partners Lp2.89%
First Trust Advisors LP2.78%
Goldman Sachs Group Inc2.77%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.91×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend4.6% → 12.1%

Margin has expanded by about 7.5 points — the business is getting more profitable.

Return on equity61.4%

Latest ROE of 61.4% — capital is generating a healthy return.

Growth qualityrev 21% · PAT 97%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $291.6M · EPS 0.52

Est. earnings growth +12.5%

Next fiscal year

Rev $1.3B · EPS 2.50

Est. earnings growth +22.0%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$900.8M

Net margin

12.1%

ROE

61.4%

Revenue CAGR (2y)

+21.2%

Profit CAGR (2y)

+97.1%

Net profit (FY2025)

$109.2M

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Financials

Yearly

Period	Revenue	Net profit	Net margin	ROE
FY2025	$900.8M	$109.2M	12.1%	61.4%
FY2024	$770.5M	$169.7M	22.0%	85.5%
FY2023	$613.6M	$28.1M	4.6%	12.0%

Quarterly

Period	Revenue	Net profit	Net margin
2026Q2	$277.8M	$50.0M	18.0%
2026Q1	$253.0M	$38.8M	15.3%
2025Q3	$229.2M	$28.3M	12.3%
2025Q2	$219.5M	$24.7M	11.3%
2025Q1	$211.4M	$25.4M	12.0%
2024Q3	$198.4M	$23.5M	11.8%
2024Q2	$186.7M	$24.1M	12.9%
2024Q1	$179.0M	$18.8M	10.5%
2023Q3	$160.4M	$15.3M	9.6%
2023Q2	$149.9M	$4.0M	2.7%
2023Q1	$132.4M	$-5.2M	-3.9%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/5/2026material
10-Q filing
SEC8/5/2026
8-K — Executive/director change
SEC7/30/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC6/23/2026material
8-K — Bylaw/charter change, Shareholder vote results, Exhibits
SEC6/10/2026material
8-K — Results of operations, Exhibits
SEC5/6/2026material
10-Q filing
SEC5/6/2026
8-K — Executive/director change
SEC3/19/2026material
8-K — Results of operations, Exhibits
SEC2/25/2026material
10-K filing
SEC2/25/2026

2025

8-K — Results of operations, Exhibits
SEC11/6/2025material
10-Q filing
SEC11/6/2025
8-K — Results of operations, Exhibits
SEC8/5/2025material
10-Q filing
SEC8/5/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.