CLEAR Secure (NYSE:YOU) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

CLEAR Secure (NYSE:YOU) posted its quarterly earnings results on Wednesday. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03, Zacks reports. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same period in the previous year, the firm posted $0.26 earnings per share. CLEAR Secure’s revenue for the quarter was up 19.7% compared to the same quarter last year.

Here are the key takeaways from CLEAR Secure’s conference call:

• Record Q1 financials — CLEAR finished with 41 million total members, $292M in bookings, $253M revenue (+19.7% YoY), ~31.9% adjusted EBITDA margin, and $185.5M free cash flow while raising 2026 FCF guidance to at least $465M and holding $800M in cash.
• CLEAR1 enterprise/GovTech acceleration — CLEAR1 bookings were ~5x last year with record multiyear contracts, a FedRAMP milestone and a growing pipeline that should increase predictable, contract-backed revenue.
• Travel product momentum — eGate coverage now >50% (targeting >80% by end of Q2), average CLEAR Plus wait times 1 minute, app adoption doubled and Concierge expanded to 32 airports, all driving higher NPS, retention and ARPU.
• Q1 growth was partly boosted by a ~3?week DHS/TSA shutdown that increased trial enrollments, creating some conversion uncertainty, and macro risks (e.g., oil prices, travel headwinds) could cause short?term volatility.

CLEAR Secure Stock Down 4.4%

NYSE YOU traded down $2.54 during trading on Friday, reaching $55.64. 1,098,701 shares of the stock traded hands, compared to its average volume of 1,713,143. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 44.86 and a beta of 1.09. The stock’s 50-day moving average price is $50.71 and its 200 day moving average price is $40.19. CLEAR Secure has a fifty-two week low of $23.88 and a fifty-two week high of $61.68.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. CLEAR Secure’s payout ratio is currently 53.57%.

Analysts Set New Price Targets

Several brokerages recently weighed in on YOU. Telsey Advisory Group increased their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday. The Goldman Sachs Group restated a “buy” rating and issued a $75.00 price objective on shares of CLEAR Secure in a report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Wells Fargo & Company increased their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CLEAR Secure currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Activity

In related news, insider Lynn Haaland sold 15,533 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $45.00, for a total transaction of $698,985.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Adam Wiener sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $43.07, for a total transaction of $775,260.00. Following the transaction, the director owned 147,634 shares of the company’s stock, valued at approximately $6,358,596.38. This represents a 10.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,488 shares of company stock worth $4,579,078 in the last ninety days. Company insiders own 39.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its holdings in shares of CLEAR Secure by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after buying an additional 323 shares during the period. California State Teachers Retirement System boosted its holdings in shares of CLEAR Secure by 0.5% in the second quarter. California State Teachers Retirement System now owns 94,593 shares of the company’s stock valued at $2,626,000 after buying an additional 508 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of CLEAR Secure by 4.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,447 shares of the company’s stock valued at $402,000 after buying an additional 529 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of CLEAR Secure by 4.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 13,005 shares of the company’s stock valued at $456,000 after buying an additional 533 shares during the period. Finally, Aviva PLC boosted its holdings in shares of CLEAR Secure by 4.6% in the fourth quarter. Aviva PLC now owns 13,731 shares of the company’s stock valued at $482,000 after buying an additional 606 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Key Headlines Impacting CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: Needham raised its price target to $70 and kept a “buy” rating (largest upside among recent upgrades), signaling continued analyst confidence in growth potential. Article Title
• Positive Sentiment: Telsey Advisory raised its target to $68 and maintained an “outperform” rating, supporting upside thesis from some sell?side analysts. Article Title
• Positive Sentiment: Q1 2026 earnings call transcript shows the company delivering revenue and EPS strength (management commentary available for investor read-through), which underpins the buy-side narrative. Clear Secure Q1 2026 Earnings Call Transcript
• Positive Sentiment: CLEAR announced a quarterly dividend of $0.15/share (annualized yield ~1.0%), providing a modest income component and signaling confidence in cash flow.
• Neutral Sentiment: Archive Q1 2025 earnings transcript is available for deeper context on historical performance. Article Title
• Negative Sentiment: DA Davidson downgraded YOU from “strong-buy” to “hold” and set a $60 price target—this downgrade lowers conviction among some investors and is cited as a selling catalyst. DA Davidson downgrades Clear Secure (YOU)
• Negative Sentiment: Wells Fargo raised its target to $40 but kept an “underweight” rating — the $40 target represents significant downside vs. the market price and likely contributed materially to downward pressure. Article Title
• Negative Sentiment: Market commentary explaining why YOU is trading lower today ties the price action to the combination of the downgrade/underweight notes and profit?taking after recent gains. Article Title

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman?Becker and Ken Cornick, CLEAR is headquartered in New York City.