CLEAR Secure (NYSE:YOU) Releases Earnings Results, Meets Expectations

CLEAR Secure (NYSE:YOU) posted its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31, FiscalAI reports. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The company had revenue of $240.75 million during the quarter, compared to analysts’ expectations of $235.66 million. During the same period in the prior year, the firm earned $0.91 earnings per share. CLEAR Secure’s revenue for the quarter was up 16.7% compared to the same quarter last year.

Here are the key takeaways from CLEAR Secure’s conference call:

• Strong financial results and outlook — Q4 revenue was $240.8M (+16.7%), FY revenue $900.8M (+16.9%), Q4 Adjusted EBITDA margin 33.2%, FY Free Cash Flow of $343.1M, and management guides 2026 Free Cash Flow of at least $440M while raising the regular dividend and expanding the buyback program.
• CLEAR1 enterprise momentum: record-breaking bookings (more than doubling year‑over‑year), the largest number of new enterprise customers signed in a quarter, and a multi‑year CMS integration to combat Medicare fraud that broadens the healthcare pipeline.
• Consumer travel product progress — the relaunched mobile app, eGates rollout, and expanded Concierge (now in ~30 airports) are improving NPS and retention, and CLEAR renewed a multi‑year embedded benefit partnership with American Express.
• KPIs and membership notes: management is simplifying reported metrics and renamed a metric to Total CLEAR Members (38.0M, +31.5%); Active Clear+ members were 7.6M (+6%) following a one‑time cleanup from a billing migration that the company says did not affect revenue.

CLEAR Secure Stock Performance

CLEAR Secure stock opened at $46.52 on Thursday. The stock has a 50-day simple moving average of $34.65 and a 200 day simple moving average of $34.58. The stock has a market capitalization of $6.19 billion, a P/E ratio of 28.36 and a beta of 1.21. CLEAR Secure has a 52 week low of $21.75 and a 52 week high of $46.63.

CLEAR Secure Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 30.49%.

More CLEAR Secure News

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: Telsey Advisory raised its price target on YOU from $45 to $55 and kept an “outperform” rating — an analyst upgrade that signals ~18% upside from the recent reference price and supports investor momentum. TickerReport: Telsey price target raise
• Positive Sentiment: CLEAR announced a special dividend of $0.20 per share (record Mar 10, payable Mar 24) plus a raised quarterly dividend to $0.15 and authorized an additional $125M to its share‑repurchase program — a meaningful capital return that typically supports the share price. PR Newswire: Dividend & buyback
• Positive Sentiment: Q4 results: revenue $240.8M (+16.7% YoY) and revenue above Street estimates, operating income and adjusted EBITDA margins expanded, strong net income and free cash flow for both the quarter and full year — all point to durable profitability improvement. These fundamentals underpin the positive market reaction. PR Newswire: Q4 & FY2025 results
• Positive Sentiment: Management set FY2026 free cash flow guidance of at least $440M and Q1 revenue guidance of $242–$245M (above consensus), signaling continued cash generation and top‑line acceleration — a key positive for valuation and buyback funding. Seeking Alpha: FCF & guidance
• Positive Sentiment: Market reaction: coverage noted YOU reached a new 12‑month high following the dividend and results — a sign investors are rewarding the combined capital return and operating progress. AmericanBankingNews: 12‑month high
• Neutral Sentiment: Earnings per share of $0.31 matched consensus (so no EPS surprise), reducing surprise risk but limiting an upside earnings beat narrative. Zacks: Q4 EPS in line
• Neutral Sentiment: The earnings call transcript and snapshots are available for deeper read — useful for investors wanting detail on member metrics, CLEAR1 enterprise momentum and eGate rollout timing. Seeking Alpha: Call transcript WTOP: Earnings snapshot
• Negative Sentiment: On a year‑over‑year basis EPS declined (from $0.91 a year ago to $0.31), reflecting prior-period comparatives or mix effects; investors focused on earnings durability should dig into non‑GAAP adjustments and drivers behind the YoY EPS drop. Zacks: EPS comparison

Insider Activity at CLEAR Secure

In related news, Director Adam Wiener sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the transaction, the director directly owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. The trade was a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lynn Haaland sold 15,532 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $41.00, for a total value of $636,812.00. Following the completion of the sale, the insider owned 15,533 shares in the company, valued at approximately $636,853. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,532 shares of company stock worth $1,446,812 in the last 90 days. Corporate insiders own 39.73% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its position in shares of CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. bought a new position in CLEAR Secure in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its position in CLEAR Secure by 249.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after acquiring an additional 619 shares during the last quarter. Amundi boosted its holdings in shares of CLEAR Secure by 62.5% during the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after acquiring an additional 1,440 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of CLEAR Secure by 2,061.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,566 shares of the company’s stock worth $99,000 after acquiring an additional 3,401 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on YOU. Weiss Ratings cut shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 3rd. Telsey Advisory Group raised their target price on shares of CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group set a $61.00 price objective on shares of CLEAR Secure and gave the stock a “buy” rating in a research note on Wednesday. Finally, DA Davidson set a $46.00 target price on CLEAR Secure and gave the company a “buy” rating in a research report on Tuesday, December 16th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.14.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.