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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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Clear Secure Inc operates a biometric identity platform that provides expedited identity verification to airports, stadiums, healthcare sites and enterprise partners via paid memberships and integrations. Long-term growth may come from travel recovery, expanding deployments, higher membership penetration and broader monetization of its biometric network. Investors may find it attractive because it appears positioned to earn recurring subscription revenue and benefit from network effects on proprietary identity infrastructure.
Key risks include regulatory and privacy scrutiny of biometric data, dependence on partner rollouts and foot-traffic cycles, execution challenges scaling hardware and software, and security or competitive threats.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 206.07M | 66.63M | 50.61M | -117.50M | -114.94M |
| Minority interest | -58.98M | -55.60M | -5.06M | -49.86M | 79.09M |
| Net income | 109.17M | 169.68M | 28.11M | -115.44M | -115.17M |
| Selling general administrative | 232.38M | 217.51M | 222.36M | 278.17M | 168.90M |
| Selling and marketing expenses | 54.45M | 48.81M | 43.52M | 41.68M | 35.20M |
| Gross profit | 772.93M | 489.34M | 382.11M | 276.38M | 149.02M |
| Reconciled depreciation | 34.62M | 26.48M | 20.97M | 18.79M | 12.36M |
| Ebit | 206.07M | 66.63M | 50.61M | -129.06M | -114.93M |
| Ebitda | 240.69M | 93.11M | 72.26M | -110.27M | -102.23M |
| Depreciation and amortization | 34.62M | 26.48M | 21.65M | 18.79M | 12.70M |
| Non operating income net other | - | - | - | 11.57M | - |
| Operating income | 186.48M | 123.19M | 20.14M | -129.06M | -114.93M |
| Other operating expenses | 714.30M | 647.30M | 593.44M | 566.50M | 368.89M |
| Interest expense | - | - | 29.01M | 6.59M | 0.35M |
| Tax provision | 37.92M | -158.65M | -0.83M | -2.06M | 0.23M |
| Interest income | 24.38M | 32.51M | 29.01M | 6.59M | 0.35M |
| Net interest income | 24.38M | 32.51M | 26.22M | 6.59M | -0.35M |
| Income tax expense | 37.92M | -158.65M | 0.72M | -2.06M | 0.23M |
| Total revenue | 900.78M | 770.49M | 613.58M | 437.43M | 253.95M |
| Total operating expenses | 586.45M | 366.15M | 361.97M | 405.44M | 263.95M |
| Cost of revenue | 127.85M | 281.15M | 231.47M | 161.05M | 104.94M |
| Total other income expense net | 19.59M | -56.56M | 30.47M | 11.57M | -0.01M |
| Net income from continuing ops | 168.15M | 225.27M | 7.86M | -115.44M | -115.17M |
| Net income applicable to common shares | 109.17M | 169.68M | 28.11M | -131.15M | -36.08M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1303.39M | 1194.93M | 1045.01M | 1037.52M | 812.75M |
| Intangible assets | 2.75M | 15.30M | 20.82M | 22.29M | 22.93M |
| Other current assets | 62.52M | 52.21M | 46.41M | 5.12M | 12.91M |
| Total liab | 1099.01M | 956.99M | 675.78M | 526.60M | 273.28M |
| Total stockholder equity | 177.73M | 198.35M | 233.33M | 291.06M | 277.61M |
| Deferred long term liab | - | - | - | 0.07M | 0.38M |
| Other current liab | 236.54M | 179.12M | 158.29M | 101.11M | 67.22M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | 119.79M | 83.78M | -73.71M | -101.80M | -36.13M |
| Other liab | - | - | - | 3.98M | 8.69M |
| Good will | 62.68M | 62.76M | 62.76M | 58.81M | 59.79M |
| Other assets | 311.17M | 281.84M | 6.71M | 32.94M | 32.42M |
| Cash | 85.73M | 66.89M | 57.90M | 38.94M | 280.11M |
| Cash and equivalents | 85.73M | 66.89M | 57.90M | 38.94M | 280.11M |
| Total current liabilities | 759.90M | 643.05M | 552.05M | 397.47M | 264.59M |
| Current deferred revenue | 516.20M | 439.75M | 376.25M | 283.45M | 188.56M |
| Net debt | -85.73M | 54.36M | 69.48M | 91.17M | -280.11M |
| Short term debt | 0.00M | 6.16M | 5.73M | 4.96M | 0.00M |
| Short long term debt total | - | 121.25M | 127.38M | 130.11M | - |
| Other stockholder equity | 57.10M | 114.23M | 304.99M | 394.39M | 313.85M |
| Property plant equipment | 159.38M | 165.75M | 178.49M | 57.92M | 44.52M |
| Total current assets | 764.61M | 662.22M | 770.03M | 741.60M | 653.08M |
| Long term investments | 2.79M | 7.00M | 6.46M | 0.46M | 0.46M |
| Net tangible assets | - | - | - | 268.77M | 194.89M |
| Short term investments | 614.44M | 542.61M | 665.20M | 665.81M | 335.23M |
| Net receivables | 1.93M | 0.51M | 0.53M | 1.17M | 5.33M |
| Inventory | - | - | 37.66M | 30.56M | 19.50M |
| Accounts payable | 7.16M | 18.02M | 11.78M | 7.95M | 8.81M |
| Noncontrolling interest in consolidated entity | - | - | - | 219.86M | - |
| Accumulated other comprehensive income | 0.84M | 0.34M | 2.05M | -1.53M | -0.10M |
| Common stock total equity | - | - | - | 0.00M | - |
| Retained earnings total equity | - | - | - | -101.80M | - |
| Non currrent assets other | 6.04M | 7.22M | 6.45M | 32.55M | 31.72M |
| Non current assets total | 538.78M | 532.71M | 274.98M | 295.92M | 159.67M |
| Capital lease obligations | 112.32M | 121.25M | 127.38M | 130.11M | - |
| Long term debt total | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -70.46M | 113.78M | -355.07M | -359.59M | -298.39M |
| Change to liabilities | - | - | - | 94.14M | 88.47M |
| Total cashflows from investing activities | -97.10M | 113.78M | -15.51M | -359.59M | -403.20M |
| Total cash from financing activities | -257.33M | -401.55M | -216.01M | -48.87M | 503.40M |
| Change to operating activities | - | - | - | 26.31M | 33.35M |
| Net income | 168.15M | 225.27M | 49.89M | -115.44M | -115.17M |
| Change in cash | 18.15M | 7.95M | -6.48M | -240.24M | 170.04M |
| Begin period cash flow | 70.35M | 62.40M | 68.88M | 309.13M | 139.08M |
| End period cash flow | 88.50M | 70.35M | 62.40M | 68.88M | 309.13M |
| Total cash from operating activities | 372.45M | 295.68M | 225.03M | 168.31M | 69.71M |
| Issuance of capital stock | - | - | 0.00M | 0.00M | 517.11M |
| Depreciation | 34.62M | 26.48M | 21.65M | 18.79M | 12.36M |
| Other cashflows from investing activities | 2.70M | -0.32M | -0.58M | -327.69M | -375.05M |
| Dividends paid | 91.88M | 93.37M | 125.19M | -21.84M | 16.25M |
| Change to inventory | - | - | 20.98M | - | 33.83M |
| Change to account receivables | -1.58M | 0.01M | 0.64M | 4.16M | -4.21M |
| Sale purchase of stock | -126.34M | -272.92M | -69.67M | -5.20M | -11.74M |
| Other cashflows from financing activities | -39.10M | -35.26M | -21.14M | -21.83M | -1.97M |
| Change to netincome | - | - | - | 61.46M | -24.54M |
| Capital expenditures | 29.34M | 12.01M | 26.14M | 31.91M | 28.97M |
| Cash and cash equivalents changes | - | - | - | -44.17M | - |
| Change in working capital | 96.73M | 174.14M | 118.95M | 124.61M | 117.61M |
| Stock based compensation | 38.93M | 35.34M | 37.29M | 138.50M | 36.51M |
| Other non cash items | 9.64M | 0.21M | -2.02M | 4.32M | 0.36M |
| Free cash flow | 343.11M | 283.67M | 198.90M | 136.40M | 40.74M |
Sector: Technology Industry: Software - Application
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| YOU Clear Secure Inc |
-2.58 4.37% |
56.50 | 28.48 | - | 5.64 | 21.08 | 3.50 | 12.24 |
| SAP SAP SE ADR |
3.49 1.45% |
243.53 | 28.16 | 22.42 | 6.52 | 4.85 | 5.60 | 16.61 |
| CRM Salesforce.com Inc |
-4.70 2.07% |
222.41 | 23.41 | 15.55 | 4.79 | 5.56 | 5.55 | 14.88 |
| SAPGF SAP SE |
4.30 1.80% |
243.00 | 76.28 | 22.88 | 5.61 | 3.84 | 5.59 | 26.18 |
| SHOP Shopify Inc |
-9.28 6.06% |
143.75 | 90.18 | 53.19 | 12.70 | 13.17 | 12.23 | 67.86 |
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.
| Name | Title | Year Born |
|---|---|---|
| Ms. Caryn Gail Seidman-Becker | Chairman & CEO | 1973 |
| Mr. Kenneth L. Cornick | Pres, CFO & Director | 1973 |
| Mr. Samuel Pike Hall | Chief Product Officer | 1968 |
| Mr. Kasra Moshkani | Exec. VP of Operations | NA |
| Mr. Dennis W. Liu | Chief Accounting Officer | 1983 |
| Mr. Chiranjiv S. Jouhal | Chief Technology Officer | 1976 |
| Mr. Richard N. Patterson Jr. | Chief Information Security Officer | 1969 |
| Mr. Matthew Levine | Gen. Counsel, Chief Privacy Officer & Sec. | 1973 |
| Ms. Maria A. Comella | Head of Public Affairs | 1981 |
| Mr. W. Catesby Perrin III | Exec. VP of Growth | 1982 |
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