CLEAR Secure (NYSE:YOU) Announces Quarterly Earnings Results

CLEAR Secure (NYSE:YOU) released its quarterly earnings results on Wednesday. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31, FiscalAI reports. The firm had revenue of $240.75 million during the quarter, compared to analyst estimates of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS.

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 Trading Down 1.0%

Shares of NYSE:YOU opened at $46.66 on Friday. The stock has a market capitalization of $6.21 billion, a P/E ratio of 41.66 and a beta of 1.21. The stock’s 50-day moving average price is $34.82 and its 200-day moving average price is $34.67. CLEAR Secure has a 12-month low of $22.23 and a 12-month high of $50.46.

CLEAR Secure Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.20 per share. This represents a yield of 129.0%. The ex-dividend date is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio is presently 30.49%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on YOU. Wall Street Zen cut CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. lifted their target price on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday. 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. Finally, DA Davidson increased their price target on shares of CLEAR Secure from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.43.

Insider Activity

In other CLEAR Secure news, insider Lynn Haaland sold 15,532 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was 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. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Adam Wiener sold 14,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total value of $490,000.00. Following the sale, the director directly owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. This trade represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,532 shares of company stock valued at $1,446,812 over the last 90 days. 39.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CLEAR Secure

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its holdings in CLEAR Secure by 249.6% in the 4th 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. Geneos Wealth Management Inc. boosted its holdings in shares of CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure in the first quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of CLEAR Secure in the fourth quarter worth about $109,000. Finally, Vestcor Inc purchased a new position in CLEAR Secure during the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

More CLEAR Secure News

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

• Positive Sentiment: Special cash dividend announced (0.20 per share, record Mar 10 / payable Mar 24) — this sizable one‑time payout has drawn investor interest and helped push the shares to a 12‑month high. CLEAR Secure Reaches New 12-Month High Following Dividend Announcement
• Positive Sentiment: Management set an ambitious 2026 free cash flow target of $440M and highlighted expanded partnerships and enterprise growth — this improves the cash‑flow outlook and supports higher valuation expectations. Clear Secure outlines $440M free cash flow target for 2026
• Positive Sentiment: Telsey Advisory raised its price target to $55 and kept an outperform rating — the largest upside among recent analyst moves and a clear vote of confidence from a sell‑side shop. Telsey raises PT to $55
• Positive Sentiment: Stifel raised its PT to $51 (from $38) while remaining on the sidelines — the new target sits above the current price and supports upside expectations. Stifel raises PT to $51
• Neutral Sentiment: JPMorgan raised its PT to $47 and kept an overweight rating — supportive from a credibility standpoint, but the new target is roughly in line with the stock’s current level. JPMorgan raises PT to $47
• Neutral Sentiment: Q4 results largely met expectations: revenue topped consensus modestly and EPS was in line with estimates, per coverage — the print removes a near‑term surprise risk but didn’t deliver a clear beat. Q4 earnings meet estimates
• Neutral Sentiment: Coverage pieces explaining why the stock is trading up point to the dividend, guidance and analyst note flow as the main drivers. Why YOU is trading up today
• Neutral Sentiment: Full earnings call/transcript coverage is available (useful for details on partnerships, enterprise sales and margin drivers), though some snippets circulating show inconsistent EPS figures — investors should rely on official filings and the company release. Q4 2025 earnings call transcript
• Negative Sentiment: Wells Fargo raised its target to $33 but kept an underweight rating — the low target and negative stance from a major shop introduces downside risk and provides cover for sellers. Wells Fargo raises PT to $33, underweight

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.