YOUNYSEServices-Prepackaged SoftwareUS GAAP · USD

Clear Secure, Inc.

Clear Secure, Inc. operates a secure identity platform that connects a person’s identity to digital and physical experiences. Its consumer business centers on CLEAR+ for faster airport access and related travel services, while its B2B business, CLEAR1, provides identity verification tools for partners across healthcare, workforce, government and other use cases.

Kysy yhtiöstä
Liikevaihto901milj. USD
+16,9 %v/v
Liikevoitto (EBIT)186milj. USD
+51,4 %v/v
EBIT-marginaali20,7%
+4,7 %-yks.v/v
Nettotulos109milj. USD
−35,7 %v/v
Vapaa kassavirta343milj. USD
+21,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−25002505007501 000milj. USD2020: 231 milj. USD2020: EBIT −19 milj. USD20202021: 254 milj. USD2021: EBIT −115 milj. USD20212022: 437 milj. USD2022: EBIT −129 milj. USD20222023: 614 milj. USD2023: EBIT 20 milj. USD20232024: 770 milj. USD2024: EBIT 123 milj. USD20242025: 901 milj. USD2025: EBIT 186 milj. USD2025901186
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Clear Secure, Inc.

Liiketoiminta

Osuus liikevaihdosta
CLEAR+ consumer travel subscription80 %

Membership service that gives travelers access to dedicated airport security lanes and related benefits.

TSA PreCheck enrollment services10 %

Online and in-person enrollment and renewal services for TSA PreCheck subscriptions.

CLEAR1 B2B identity verification5 %

Partner-facing identity verification software and transaction-based platform services.

Premium travel services and perks5 %

CLEAR Concierge, CLEAR Perks and other ancillary travel offerings that deepen member engagement.

Asiakkaat

CLEAR sells primarily to individual travelers who value faster, more predictable airport experiences, especially frequent flyers, premium travelers, families and seniors. It also serves enterprise and public-sector partners that need secure identity verification for onboarding, access control, KYC, age verification and related workflows. The company’s partner channels also help acquire new members indirectly through airlines, credit cards and other distribution relationships.

CLEAR+ members

Consumers subscribe for faster airport screening, travel convenience and bundled benefits.

TSA PreCheck applicants and renewals

Travelers use CLEAR-managed enrollment and renewal services for TSA PreCheck access.

CLEAR1 enterprise partners

Businesses integrate CLEAR identity tools for check-in, onboarding, KYC and access control.

Healthcare, workforce and government organizations

These customers buy secure identity workflows where trust, compliance and friction reduction matter.

Distribution partners

Airlines, credit card issuers and marketplaces help acquire members and expand reach.

Strategia

CLEAR is focused on growing CLEAR+ membership, increasing revenue per member and expanding airport lane coverage. It is also scaling TSA PreCheck enrollment and broadening distribution through airlines, credit cards and other partners, while building more B2B use cases for CLEAR1.

Grow CLEAR+ members and monetizationLyhyt aikaväli

The consumer subscription base is the main revenue engine and supports network value.

Scale TSA PreCheck enrollmentLyhyt aikaväli

Enrollment services add transaction revenue and create a funnel into CLEAR+ membership.

Expand partner distribution and CLEAR1 use casesKeskipitkä aikaväli

Partnerships broaden reach and make the identity platform more embedded in customer workflows.

Maantiede

CLEAR is primarily a U.S. business, with airport coverage across the United States and nationwide TSA PreCheck enrollment locations. The company also targets international travelers from more than 40 countries, but its core operating footprint and revenue base remain concentrated in the U.S. travel market.

Riskit

CLEAR depends on retaining members, adding partners and maintaining trust in its brand and biometric identity platform. Its business is exposed to travel demand, regulatory scrutiny, cybersecurity risk and the challenge of proving that new products and use cases can scale without hurting the user experience.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cybersecurity or data breach1Failure to retain members and grow utilization2Failure to add or retain partners3Biometric, privacy and AI compliance4Travel industry disruption or economic slowdown5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cybersecurity or data breachVaikutus: KriittinenTodennäköisyys: Kohtalainen

    A breach could impair trust, trigger remediation costs and harm partner relationships.

    KohdistuuPIIBiometricGovernment ID data
  2. Failure to retain members and grow utilizationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    CLEAR+ revenue depends on recurring subscriptions and active use of the network.

    Kohdistuu: Consumer subscription base

  3. Failure to add or retain partnersVaikutus: KorkeaTodennäköisyys: Kohtalainen

    CLEAR1 and distribution partnerships are important for growth and member acquisition.

    KohdistuuAirlinesCredit cardsEnterprise partners
  4. Biometric, privacy and AI complianceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company processes sensitive identity, biometric and payment data and faces evolving laws.

    Kohdistuu: Data privacy and identity regulation

  5. Travel industry disruption or economic slowdownVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Airport traffic and willingness to pay for travel convenience are tied to travel demand.

    Kohdistuu: Airport and airline ecosystem

Kysy Clarifolta: Clear Secure, Inc.

Kirjanpito

Harkinnanvaraiset erät
Subscription revenue netting

Membership revenue is reduced by taxes, refunds, chargebacks and funded card benefits, affecting top-line comparability.

Vaikutus: Reported revenue can differ materially from gross billings.

TSA PreCheck transaction accounting

Revenue is recognized per enrollment or renewal and net of government remittances.

Vaikutus: Quarterly revenue can fluctuate with enrollment volumes and launch timing.

CLEAR1 multi-element contracts

Partner deals may include annual platform fees, usage fees, implementation fees and licensing fees.

Vaikutus: Contract mix affects revenue timing and margin profile.

Estimates and contingencies

Management must estimate commitments, tax items and other liabilities under service arrangements.

Vaikutus: Could affect expense recognition and balance-sheet accruals.

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Päivitetty: 24.9.2026

Clear Secure, Inc. (YOU) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo