Clear Secure YOU
- Market cap
- $6.1B
- PE
- 30.9×
- 3y median 30.3×
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- 6.1×
- EV/EBIT
- 21.2×
- Revenue, 12 months
- $1B
- +20% on a year ago
- Net margin
- 14.8%
- Free cash flow yield
- 8.3%
Clear Secure trades at 30.9× trailing earnings, near its ten-year median. Revenue was $1B over the last twelve months, up 20% on a year earlier with a 15% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $160.4M+38% | $171M+33% | $179M+35% | $186.7M+25% | $198.4M+24% | $206.3M+21% | $211.4M+18% | $219.5M+18% | $229.2M+16% | $240.8M+17% | $253M+20% | $277.8M+27% | |
| Cost of revenue | $22.9M+55% | $25M+46% | $24.4M+25% | $26.1M+23% | $28.6M+25% | $29.1M+16% | $29.6M+21% | $31.2M+20% | $31.7M+11% | $35.4M+22% | $36.9M+25% | $39.3M+26% |
| Gross profit | $137.5M+36% | $146M+31% | $154.7M+37% | $160.7M+25% | $169.8M+24% | $177.2M+21% | $181.8M+18% | $188.3M+17% | $197.5M+16% | $205.3M+16% | $216.1M+19% | $238.5M+27% |
| R&D | $11.8M−29% | $18.4M−10% | $20.1M−8% | $17.4M−22% | $17.4M+48% | $18.4M+0% | $19M−6% | $18.2M+5% | $18M+3% | $17.2M−7% | $19.5M+2% | $17.8M−3% |
| SG&A | $65.8M−45% | $65.5M−25% | $64.5M−5% | $66.4M−1% | $65.5M−1% | $69.9M+7% | $68.1M+6% | $73M+10% | $71.8M+10% | $73.9M+6% | $79.6M+17% | $83.1M+14% |
| $19.3M | $15.7M | $23.7M | $30.3M+13880% | $35.1M+82% | $34.1M+117% | $37.4M+58% | $42.6M+40% | $52.6M+50% | $53.9M+58% | $62M+66% | $83M+95% | |
| Pre-tax income | $27.6M | $23.1M | $34.1M | $39M+373% | $42.8M+55% | −$49.2M | $44M+29% | $44.3M+14% | $60.9M+42% | $56.9M | $70.7M+61% | $91.4M+106% |
| $754K | −$122K−93% | $2M | $409K+94% | $4.8M+530% | −$165.8M+135779% | $5.4M+176% | $6.4M+1472% | $15.7M+231% | $10.3M | $14.4M+165% | $19M+196% | |
| Net income | $15.3M | $14M | $18.8M | $24.1M+501% | $23.5M+53% | $103.3M+639% | $25.4M+35% | $24.7M+3% | $28.3M+21% | $30.8M−70% | $38.8M+53% | $50M+103% |
| $0.17 | $0.15 | $0.20 | $0.26+550% | $0.25+47% | $0.54+260% | $0.26+30% | $0.26+0% | $0.29+16% | $0.31−43% | $0.38+46% | $0.49+89% | |
| 90M+9% | 91.3M+6% | 92.5M+3% | 92.6M+3% | 94.3M+5% | 192M+110% | 96.8M+5% | 94.4M+2% | 97.8M+4% | 99.7M−48% | 101M+4% | 102.8M+9% |
Revenue: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Cost of revenue: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Gross profit: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them. 24 periods, Q2 FY20 to Q2 FY26: not printed by the filing, worked out from its own lines.
R&D: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
SG&A: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Operating income: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Pre-tax income: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Income tax: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Net income: Q1 FY21: 6 months less the 3 months printed beside them.
EPS, diluted: 6 periods, Q1 FY21 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q1 FY21: share-days: the 6-month average less the second quarter's. Q4 FY21 and Q4 FY22: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 3 periods, Q4 FY23 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Software - Infrastructure nearest Clear Secure's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| YOUClear Secure | $6.1B | 30.9× | 30.3× | 6.1× | +20% | 14.8% | |
| SAICScience Applications International | $6.1B | 17.0× | 19.7× | 0.8× | −1% | 5.1% | |
| BOXBox | $5.9B | 62.6× | 40.7× | 4.8× | +10% | 10.6% | |
| ACIWACI Worldwide | $5.6B | 25.6× | 32.6× | 3.1× | +7% | 12.4% | |
| OTEXOpen Text | $6.8B | 10.8× | 37.6× | 1.3× | +2% | 12.3% | |
| WAYWaystar | $5.5B | 41.2× | 45.6× | 4.6× | +19% | 11.2% | |
| CVLTCommvault Systems | $7B | 108× | 94.4× | 5.8× | +15% | 5.6% | |
| PSNParsons | $5.2B | 33.8× | 47.1× | 0.8× | −6% | 2.5% | |
| BBBLACKBERRY | $5.2B | 74.3× | 102× | 8.5× | +14% | 13.1% | |
| PATHUiPath | $7.4B | 21.1× | 25.2× | 4.3× | +15% | 21.0% | |
| APPFAppfolio | $7.5B | 48.1× | 79.4× | 7.2× | +21% | 15.1% | |
| Peer median | $6B | 37.5× | 43.1× | 4.4× | +12% | 11.7% |
Investors who own it
Investors we follow who held Clear Secure at the end of Jun 30, 2026, from their 13F filings.
- Polen CapitalPolen Capital0.1% of portfoliotrimmed
More on Clear Secure
Each number over time
- PE ratio
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Its groups
About
- Industry
- Software - Infrastructure
- Sector
- Technology
Valuation data, not investment advice. Prices as of .