YOU
Clear Secure, Inc.

Clear Secure, Inc.YOU

Technology · Software - Application
59.08USD
+23.70%
Nov 05, 2026
YOU overview ready
Operator of secure identity platform enabling expedited airport access
CLEAR operates a consumer-facing and enterprise-enabled secure-identity network, combining identity proofing, biometric matching, airport access lanes, TSA PreCheck enrollment, digital-ID integrations, and partner APIs.
Theme not measured
No economic group is assigned yet.
An early price trend
Longer-term context reads mature trend, with a near-term setup of daily reclaim.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on travel industry volumes.
Market Nov 4Price action Nov 5Research Nov 4

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction8.0BusinessPerformance9.0BusinessQuality7.5Valuation7.5ThemeMomentum—Accelerating — Revenue growth has accelerated across 4 consecutive quarters, rising from +17% to +28% year over year. No comparable quarterly EPS is available; net income moved +88% year over year to $53.2M. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
No economic group yet — pending research
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads mature trend, with a near-term setup of daily reclaim.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$4.9B
Provider figure at the stated date
Avg Volume (60D)
1.8M
60 sessions
Revenue Growth YoY
+26.6%
Latest quarter
Gross Margin
+66.7%
Trailing twelve months
Operating Margin
+29.9%
Trailing twelve months
Free Cash Flow Yield
+8.5%
Provider figure at the stated date
P/E
32.0x
Provider figure at the stated date
EV / EBITDA
14.9x
Provider figure at the stated date
EV / Sales
4.1x
Provider figure at the stated date
Market metrics as of Nov 4, 2026

Business Performance

Accelerating

Revenue growth has accelerated across 4 consecutive quarters, rising from +17% to +28% year over year. No comparable quarterly EPS is available; net income moved +88% year over year to $53.2M.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+28%
$293M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +17%
  2. +20%
  3. +27%
  4. +28%
Earnings growthGrowing
+88%
Net income $53.2M. No comparable quarterly EPS is available.
Not enough comparable diluted EPS quarters for a YoY sequence.
Operating marginExpanding
28.3%
+5.4 pp YoY

Business Quality

7.5 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; own history is the dissenting view.
This company has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces. It trades at a 8.5% free-cash-flow yield and 14.9x EBITDA, which the underlying economics comfortably support.

What changed

  • YOU rose 23.7% in one session
    YOU closed +23.7% against a broad market that moved +1.6%.
    2026-11-04

Company Research

Thesis
CLEAR operates a consumer-facing and enterprise-enabled secure-identity network, combining identity proofing, biometric matching, airport access lanes, TSA PreCheck enrollment, digital-ID integrations, and partner APIs.
Opportunity
Moderate opportunity
Adoption of biometric identity proofing, reusable digital credentials, and touchless verification infrastructure to secure and accelerate access across travel, government, venues, and regulated digital workflows.
Key risk
Dependence on travel industry volumes.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Software - Application
What they do

Clear Secure, Inc. operates a secure identity platform primarily in the U.S., providing multi-layered identity verification infrastructure including enrollment, verification, and linking services.

How it earns

The company generates revenue mainly through subscription services for its identity verification and access products.

Products & services
CLEAR secure identity platform
CLEAR Plus aviation subscription service
CLEAR mobile app
Customers & end markets
Individual consumers
Airport and travel security markets
Market position

Leader in the U.S. Secure identity verification and expedited airport security access market.

Demand drivers
Medium cyclicality

Demand is influenced by travel volumes and consumer willingness to pay for expedited security services, which can fluctuate with economic and travel trends.

Peers

Companies validated as economically comparable to YOU — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Mitek Systems, Inc.Mature Trend — Daily AdvanceCheap8.0HighUnavailableNot in RS poolLocked$19.09+5.35%