Clear Secure (YOU)
Runs biometric airport lanes and digital identity services for travelers, businesses, and government.
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Sells CLEAR+ subscriptions for biometric access lanes at U.S. airport checkpoints, alongside TSA PreCheck enrollment, travel-planning services, and CLEAR1 identity verification for organizations. Consumer aviation subscriptions still generate substantially all revenue, while airlines, credit-card partners, airports, and federal approvals support distribution and operations.
Operates biometric identity services across CLEAR Travel and CLEAR1, with nearly all revenue generated in the United States. CLEAR+ sells annual subscriptions for dedicated airport checkpoint lanes; TSA PreCheck Enrollment Provided by CLEAR handles new enrollments and renewals; CLEAR Concierge, expedited passport services, the CLEAR app's Home to Gate planning, and CLEAR ID extend the travel offering. CLEAR1 supplies layered identity verification to healthcare, workforce, and government organizations through platform and transaction fees.
Combines biometric, document, device, and verified-source signals with airport hardware, mobile enrollment, partner integrations, and a large field workforce. Consumer aviation subscriptions generate substantially all revenue. The model depends on TSA authorization, airport access, airline and credit-card distribution, privacy and biometric-data compliance, secure handling of sensitive identity data, and traveler trust.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | DA Davidson | Reiterate | Rating: —Target: $55 | Target: $45 |
| Jul 28, 2026 | DA Davidson | Reiterate | Rating: —Target: $60 | Target: $55 |
| Jul 20, 2026 | Goldman Sachs | Target | Target: $75 | Target: $70 |
| May 7, 2026 | Goldman Sachs | Target | Target: $61 | Target: $75 |
| May 7, 2026 | Stifel Nicolaus | Target | Target: $51 | Target: $60 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $959.3M · Total debt $109.8M · Total assets $1.58B · Shareholders' equity $206.2M
- Revenue
- $277.8M
- Operating income
- $83.0M
- Net income
- $50.1M
HistoryDividendAnnual yield
| Institutions | 72.91% | 98.64M shares | |
|---|---|---|---|
| 469 holders · as of Jun 30, 2026 | |||
| Insiders | 5.68% | 7.68M shares | |
| 10 holders · as of Sep 3, 2026 | |||
| Strategic holders | 4.47% | 6.05M shares | |
| 1 holder · as of Sep 23, 2025 | |||
| Other | 16.94% | 22.92M shares | |
| remainder | |||
135.29M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (135.29M in the company's Sep 22, 2026 report, 100.61M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.76% | 15.91M A | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 6.21% | 8.40M | filed Aug 10, 2022 |
Vanguard Portfolio Management LLCInstitution | 5.74% | 7.77M A | as of Jun 30, 2026 |
Kenneth L. Cornick1,2Insiderdirector, 10 percent owner | 5.43% | 3.85M D · 414,028 A | filed Feb 3, 2022 |
William H. Miller III Living Trust dated April 17, 2017Strategic | 4.47% | 6.05M | filed Sep 23, 2025 |
- Kenneth L. Cornick reports a block also reported by another filer; it is counted once, under that filer.
- The filed share classes (D, A, B) could not be matched to the company's, so no percentage.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Michael Z. Barkin | director, officer: President | −11,444 | $45.00 |
| Sep 3, 2026 | Dennis W. Liu | officer: Chief Accounting Officer | −2,104 | $44.47 |
| Sep 3, 2026 | Kyle McLaughlin | officer: EVP, Aviation | −4,499 | $44.47 |
| Aug 5, 2026 | Alclear Investments, LLC | director, 10 percent owner, other: See Remarks | −323,904 | $61.22 |
| Aug 5, 2026 | Becker Caryn Seidman | director, 10 percent owner, officer: Chief Executive Officer | −323,904 | $61.22 |
- Telos
Direct TSA PreCheck enrollment and identity-management overlap
- Mitek Systems
Digital identity verification and reusable identity overlap
- TransUnion
Identity assurance and fraud-prevention platform overlap
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Clear Secure | $39.00 | −0.08% | $3.95B | 26.5 | 18.2 | 3.9 | +26.6% |
| Telos | $4.10 | +0.49% | $301.5M | — | 29.7 | 1.6 | +32.7% |
| Mitek Systems | $17.40 | −0.46% | $774.0M | 36.6 | 15.8 | 3.9 | +18.2% |
| TransUnion | $71.87 | −0.08% | $13.68B | 18.8 | 13.9 | 2.8 | +14.9% |
| Median | 27.7 | 15.8 | 2.8 | +18.2% |