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Clear Secure, Inc.

YOUTechnologyNASDAQ

Software - Application

PriceMA150MA200
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Financials · Annual
Revenue
$900.8M
+16.9% YoY
Net Income
$109.2M
-35.7% YoY
EBITDA
$221.1M
+47.7% YoY
Free Cash Flow
$341.2M

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About Clear Secure, Inc.

Headquartered within the technology sector, Clear Secure, Inc. focuses on Software - Application services and products. Clear Secure, Inc. operates a secure identity platform under the CLEAR brand name primarily in the United States. With a market capitalization of $7.59B, it sits in mid-cap territory. It provides secure identity platform, a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end.

Key stats
Market Cap$7.59B
P/E (TTM)45.42
Fwd P/E21.31
EPS$1.25
Beta1.07
52W Change+119.9%
Dividend Yield1.06%
ROE109.5%
Analysis

The balance sheet looks solid with $800.1M in cash comfortably exceeding the $111.3M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Free cash flow comes in at $341.2M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 109.5%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 10.4% further supports the picture of efficient asset utilization. Revenue has grown from $437.4M (2022) to $900.8M (2025), reflecting a 106% increase over the period.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Clear Secure, Inc.'s trajectory.

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