Clear Secure is a high-growth, high-quality biometric identity platform with 110% ROE, a Rule of 40 score of 56, a perfect 4-of-4 earnings beat record, and a PEG ratio of 0.41, though extreme near-term oversold conditions at RSI 22 and 13% short interest create a technical overhang that has pushed the stock to an oversold-bounce setup.
Thesis pillars
- Subscription Concentration Risk↓Deteriorating
- Exceptional Quality Compounding→Stable
- Perfect Earnings Beat Streak↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026· older than 90 days
Clear Secure, Inc. (YOU) Stock Analysis
Technology · Software - Application
Hold if already holding. Not a fresh buy at $59.08, but acceptable to hold if already in. Reasons: Concentration risk — Product: CLEAR+ subscription revenue; Analyst target reached - limited upside remaining.
Clear Secure operates a biometric identity verification platform in U.S. airports and partner locations, with 38 million Total CLEAR Members and 166 CLEAR+ Lanes across 60 airports as of December 31, 2025. Revenue comes substantially from CLEAR+, a $209/year consumer aviation... Read more
Hold if already holding. Not a fresh buy at $59.08, but acceptable to hold if already in. Reasons: Concentration risk — Product: CLEAR+ subscription revenue; Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Downgraded from BUY WAIT — price $59.08 vs the analyst target $50.61: -14.3% upside; No upside left. Score 6.9/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news boost analyst 0.60, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Clear Secure, Inc.
About Clear Secure, Inc.
Clear Secure's biometric identity platform counted 38 million Total CLEAR Members as of December 31, 2025 — a 31% year-over-year increase — with CLEAR+ Lanes operating at 166 locations across 60 airports nationwide. TSA PreCheck Enrollment Provided by CLEAR expanded to 61 airports and 340 retail locations in 2025, and 6% of all TSA checkpoint volume passed through a CLEAR lane that year. CLEAR+ retails for $209 per year per Member.
Clear Secure earns substantially all revenue from CLEAR+, billed upfront at $209 per year, with a family plan at an additional $125 per Member annually. Distribution partners include Delta Air Lines, United Airlines, Alaska Airlines, and Hawaiian Airlines, which offer discounted access to their frequent fliers, and American Express, which provides statement credits to eligible cardholders; American Express renewed its multi-year agreement with Clear Secure in February 2026. Secondary revenue comes from TSA PreCheck enrollment and renewal fees, CLEAR Concierge premium services (live at 27 airports), and CLEAR1 B2B contracts structured as multi-year agreements with per-transaction or per-user fees plus annual platform fees. In-airport enrollment represented 66% of CLEAR+ Member acquisitions in 2025. Competitors include two other TSA-authorized private entities for PreCheck enrollment, and the 10-K names large technology platforms — Alphabet/Google, Amazon, Apple, and Microsoft — as potential entrants into competing identity verification solutions.
Show full overview
Clear Secure's airport operations depend on concessionaire agreements and compliance with TSA standards. The TSA has publicly stated its intent to require all travelers to be processed through CAT (credential authentication technology) machines and has been expanding its own biometric program while conducting proof-of-concept demonstrations at checkpoints — both explicitly named in the 10-K as potential threats to CLEAR's current operating model. The company holds FISMA High and SAFETY Act certifications, but the 10-K warns that any standard adopted by TSA that is 'not compatible' with CLEAR's platform could adversely affect the company's ability to operate in its current form.
See also: Technology · Software - Application
From Clear Secure, Inc.'s most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated Oct 30, 2026Recent Developments — Clear Secure, Inc.
Latest news
- NEWS Adobe Drops 29% YTD: Should You Buy, Sell or Hold the Stock? - Yahoo Finance — Yahoo Finance Oct 30, 2026 negative
- NEWS Should You Buy, Sell or Hold MSTR Stock Before Q3 Earnings? - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
- NEWS CLEAR Secure (YOU) Expected to Announce Quarterly Earnings on Wednesday - MarketBeat — MarketBeat Oct 28, 2026 neutral
- NEWS Is Trending Stock CLEAR Secure, Inc. (YOU) a Buy Now? - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
- NEWS How is Clear Secure (YOU) turning 43.5 million members into cash? - Kalkine — Kalkine Oct 28, 2026 neutral
Latest item Oct 30, 2026 · Generated 2026-11-05T11:29:02Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductCLEAR+ subscription revenue10-K Item 1A: 'We have derived substantially all of our historical revenue from CLEAR+, our consumer aviation subscription service'
Material Events(8-K, last 90d)
- 2026-03-19Item 5.02MEDIUMLynn Haaland, General Counsel, agreed to depart Clear Secure on April 3, 2026. No successor named. Company providing 12 additional months of salary in consideration for services.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·2 ceiling hits
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $59.08, but acceptable to hold if already in. Reasons: Concentration risk — Product: CLEAR+ subscription revenue; Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Downgraded from BUY WAIT — price $59.08 vs the analyst target $50.61: -14.3% upside; No upside left. Analyst target $50.61 reached (−14.3%), stop $53.00 (−11.5%), A.R:R -1.0:1. Score 6.9/10, moderate confidence.
Analyst target $50.61 reached (−14.3% from $59.08); no take-profit level is published. Analyst target $50.61 reached (−14.3%), stop $53.00 (−11.5%), A.R:R -1.0:1. Stop-loss: $53.00.
Concentration risk — Product: CLEAR+ subscription revenue; Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8.
Clear Secure, Inc. trades at a P/E of 34.8 (forward 22.7). TrendMatrix value score: 5.5/10. Verdict: Hold.
10 analysts rate YOU, with a consensus score of 3.7/5. 6 analysts publish price targets averaging $58.
What does Clear Secure, Inc. do?Clear Secure operates a biometric identity verification platform in U.S. airports and partner locations, with 38...
Clear Secure operates a biometric identity verification platform in U.S. airports and partner locations, with 38 million Total CLEAR Members and 166 CLEAR+ Lanes across 60 airports as of December 31, 2025. Revenue comes substantially from CLEAR+, a $209/year consumer aviation subscription, supplemented by TSA PreCheck enrollment fees and B2B identity verification via CLEAR1.