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Runs biometric identity-verification lanes (CLEAR) that speed members through airport security and stadium entry.
Runs biometric identity-verification lanes (CLEAR) that speed members through airport security and stadium entry.
Earns mostly from annual membership fees paid by travellers, which renew automatically, with airlines and credit-card issuers promoting memberships through discounts. Airports host its lanes at security checkpoints. The same enrolled identity is now sold for healthcare check-in and corporate identity checks.
Moat: narrow (network effects, installed base, switching costs). Airport lane placements and an enrolled biometric base are hard for a new entrant to replicate quickly.
Headquarters: New York, New York, United States · Founded: 2010 · Employees: 3,301
Size Clear Secure (YOU) is a United States Information Technology company (Packaged Software) with a market value of $7.55B, the 923rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $55.81 on 6 Nov 2026.
Performance Over six months the shares fell 1.8%, against +10.1% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 22.9% over the last twelve months (peer median +18.2%); the operating margin is 26.5% (peer median 8.0%).
Valuation It trades at 24.2× forward earnings against a peer median of 53.4× (3rd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +31%, so the hurdle is -16 pp: the price already allows for a slowdown.
Short interest Short interest is 13.4% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.06B | $901M | $770M | $614M | $437M |
| Revenue growth | — | +17% | +26% | +40% | — |
| Gross profit | $684M | $546M | $463M | $360M | $258M |
| EBITDA | $316M | $221M | $150M | $43.8M | -$107M |
| Net income | $173M | $109M | $170M | $28.1M | -$65.6M |
| Free cash flow | $458M | $343M | $284M | $199M | $137M |
| Capital expenditure | $33.3M | $29.3M | $12.3M | $26.1M | $31.9M |
| Total debt | $109M | $112M | $121M | $127M | $130M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Clear Secure YOU | $7.55B | -2% | +23% | 26% | 24.2× | 15.8% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Mitek Systems MITK | $778M | +10% | +11% | 18% | 15.5× | 10.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | YOU | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +29.6% | +0.9% | highest of 21 |
| 6-month return | -1.8% | +10.1% | 6th lowest of 21 |
| Distance from 52-week high | -19.2% | -26.5% | 9th highest of 21 |
| Revenue growth (TTM) | +22.9% | +18.2% | 8th highest of 21 |
| Operating margin | 26.5% | 8.0% | 7th highest of 21 |
| Forward P/E | 24.2× | 53.4× | 3rd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 15.8% | 19.3% | 8th least demanding of 17 |
| Growth delivered (Del g) | +31.3% | +17.6% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | -15.5 pp | -5.7 pp | 4th least demanding of 17 |
| EV / EBITDA | 22.3× | 19.2× | 6th most expensive of 12 |
| Net debt / EBITDA | -1.7× | -0.7× | 4th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Clear Secure YOU | United States | $7.55B | -2% | +23% | 26% | 24.2× | 15.8% | +31.3% |
| Dropbox DBX | United States | $7.54B | +20% | 0% | 26% | 11.1× | -5.0% | +5.7% |
| SentinelOne S | United States | $7.58B | +31% | +21% | -26% | 54.7× | 53.7% | +60.8% |
| Duolingo DUOL | United States | $7.51B | +49% | +23% | 12% | 52.6× | 19.8% | +45.0% |
| Horizon Robotics 9660.HK | Hong Kong | $7.61B | -48% | +46% | -101% | 159.5× | n/a | n/a |
| Empyrean Technology 301269.SZ | China | $7.70B | +5% | +15% | -10% | 357.4× | n/a | n/a |
| Technology One TNE.AX | Australia | $7.40B | +15% | +14% | 29% | 56.7× | 33.3% | +14.9% |
| Oracle Corporation Japan 4716.T | Japan | $7.73B | +10% | +10% | 32% | 17.0× | -6.9% | +6.5% |
| InterDigital IDCC | United States | $7.35B | +2% | -12% | 45% | 41.4× | 13.4% | +18.4% |
| Kunlun Tech 300418.SZ | China | $7.33B | -21% | +48% | -21% | 1,291.3× | n/a | n/a |
| Zeta Global ZETA | United States | $7.79B | +81% | +36% | 3% | 28.2× | 49.7% | +28.8% |
| Sangfor Technologies 300454.SZ | China | $7.84B | +5% | +21% | 2% | 71.4× | 46.1% | +6.9% |
| ServiceTitan TTAN | United States | $7.89B | +36% | +23% | -13% | 55.6× | 20.7% | +27.1% |
| Gitlab GTLB | United States | $8.01B | +85% | +23% | -8% | 55.0× | 18.8% | +44.4% |
| Descartes Systems DSG.TO | Canada | $8.10B | +32% | +12% | 33% | 37.9× | 4.4% | +16.8% |
| Square Enix 9684.T | Japan | $7.02B | +25% | +1% | 20% | 26.9× | -5.4% | -2.1% |
| MiniMax 0100.HK | Hong Kong | $7.00B | -81% | +159% | -407% | n/a | n/a | n/a |
| Xero XRO.AX | Australia | $8.36B | -13% | +27% | 13% | 66.7× | 25.9% | +25.3% |
| CD PROJEKT RED Spolka Akcyjna CDR.WA | Poland | $6.80B | +4% | -14% | 54% | 53.4× | 35.0% | -16.5% |
| Snap SNAP | United States | $8.39B | -18% | +13% | -5% | 32.3× | 2.7% | +18.8% |
| Nemetschek NEM.DE | Germany | $8.39B | +10% | +13% | 26% | 29.9× | 11.1% | +14.8% |