Clear Secure, Inc. logo YOU - Clear Secure, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 4
HOLD 4
SELL 1
STRONG
SELL
0
| PRICE TARGET: $64.25 DETAILS
HIGH: $75.00
LOW: $60.00
MEDIAN: $61.00
CONSENSUS: $64.25
UPSIDE: 6.98%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 253.0 240.8 229.2 219.5 211.4 206.3 198.4 186.7 179.0 171.0 160.4 149.9 132.4 128.3 115.9 102.7 90.5 80.7 67.6 55.2 50.6 53.2 56.4 60.0 61.3
Cost of Revenue 92.0 (110.8) 79.4 78.9 80.3 76.9 73.4 66.2 64.7 65.1 58.2 55.4 52.7 46.6 41.7 37.6 35.1 32.8 28.1 24.1 19.9 16.5 16.0 13.5 27.7
Gross Profit 161.0 351.5 149.8 140.6 131.1 129.4 125.0 120.6 114.4 105.9 102.2 94.4 79.6 81.6 74.3 65.1 55.4 47.8 39.5 31.0 30.6 36.7 40.3 46.5 33.6
Operating Expenses
R&D Expenses 19.5 17.2 21.4 18.2 19.0 18.4 17.4 17.4 20.1 18.4 11.8 22.3 21.9 20.4 16.5 14.3 15.5 14.2 13.3 10.9 9.0 8.7 6.3 5.4 11.6
SG&A Expenses 79.6 73.9 71.8 73.0 68.1 69.9 65.5 66.4 64.5 65.5 65.8 66.9 67.6 87.6 118.9 59.6 53.8 62.0 54.8 55.2 32.1 25.5 21.0 16.4 71.6
Other Expenses 0 206.5 4.0 6.8 6.5 7.0 7.0 6.4 6.1 6.2 5.3 5.0 5.2 5.5 4.5 4.3 4.4 3.2 4.0 2.7 2.5 2.5 2.3 2.3 2.3
Operating Expenses 99.0 297.6 97.2 98.0 93.7 95.3 89.9 90.2 90.7 90.2 82.9 94.2 94.7 113.6 140.0 78.2 73.6 79.4 72.1 68.8 43.7 36.7 29.6 24.2 85.5
Operating Income
Operating Income 62.0 53.9 52.6 42.6 37.4 34.1 35.1 30.3 23.7 15.7 19.3 0.2 (15.1) (32.0) (65.7) (13.1) (18.2) (31.5) (32.6) (37.7) (13.1) (0.0) 10.7 22.3 (51.8)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.1 0.1 0.1 0.0 0.0 0 0
Interest Income 6.8 18.1 6.6 5.8 6.2 7.1 7.3 8.2 9.9 7.5 7.7 7.4 6.4 4.8 1.6 0.2 0.0 0 0 0 0 0 0 0.1 0.6
Profitability
EBITDA 68.8 74.2 64.9 49.3 43.9 41.1 42.1 36.8 29.8 21.9 24.5 5.2 (9.9) (26.5) (58.8) (8.8) (13.8) (28.4) (28.6) (35.1) (10.5) 2.4 13.5 24.6 (49.5)
EBIT 62.0 56.9 60.9 42.6 37.4 34.1 35.1 30.3 23.7 15.7 19.3 0.2 (15.1) (32.0) (66.1) (13.1) (18.2) (31.5) (32.6) (37.7) (13.1) (0.0) 11.2 22.3 (51.8)
Income Before Tax 70.7 56.9 60.9 44.3 44.0 (49.2) 42.8 39 34.1 23.1 27.6 8.2 (8.4) (20.4) (66.1) (12.5) (18.5) (31.2) (32.7) (37.9) (13.1) 8.5 11.1 22.4 (51.3)
Income Tax Expense (14.4) 10.3 15.7 6.4 5.4 (165.8) (4.8) 0.4 2.0 (0.1) 0.8 0.2 (0.1) (1.7) (0.5) (0.1) 0.3 (0.0) 0.1 0.2 0.0 0.0 0.0 0.0 0
Net Income 38.8 30.8 28.3 24.7 25.4 103.3 23.5 24.1 18.8 14.0 15.3 4.0 (5.2) (11.3) (36.8) (7.2) (10.3) (17.2) (16.9) (2.0) (13.1) 8.5 11.1 22.3 (51.3)
Per Share Data
EPS (Basic) 0.39 0.33 0.29 0.26 0.26 1.11 0.25 0.26 0.20 0.15 0.17 0.09 -0.09 -0.22 -0.79 -0.09 -0.25 -0.23 -0.23 -0.03 -0.18 0.12 0.19 0.39 -0.70
EPS (Diluted) 0.38 0.31 0.29 0.26 0.26 0.87 0.25 0.26 0.20 0.15 0.17 0.09 -0.09 -0.22 -0.79 -0.09 -0.25 -0.23 -0.23 -0.03 -0.18 0.12 0.19 0.39 -0.70
Shares Outstanding 99.2 95.4 95.9 93.6 96.0 93.0 93.6 92.9 92.7 91.4 90.1 90.5 90.5 86.8 83.4 79.4 76.7 73.3 73.3 57.4 73.6 73.5 57.4 57.4 73.5
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 170.7 85.7 75.8 89.3 87.6 66.9 32.9 39.1 64.1 57.9 63.5 57.2 39.1 38.9 329.1 339.7 299.1 280.1 337.8 168.3 175.7 116.2
Short-Term Investments 629.4 614.4 454.9 516.4 442.3 542.6 511.8 630.5 634.3 665.2 673.0 707.8 708.9 665.8 342.3 333.9 334.4 335.2 335.5 37.8 37.8 37.8
Net Receivables 1.1 1.9 1.6 1.1 0.5 0.5 0.6 1.1 0.6 0.5 0.7 0.9 1.0 1.2 2.1 3.0 7.5 5.3 3.9 1.4 1.1 0.9
Inventory 0 0 0 0 0 0 0 0 0 37.7 34.8 0 29.2 0 28.8 0 0 0 0 0 0 0
Other Current Assets 63.7 62.5 56.8 11.3 13.8 13.1 50.4 10.8 9.0 8.8 9.0 9.1 6.5 5.1 4.2 4.9 25.8 12.9 2.8 26.0 8.2 2.9
Total Current Assets 864.9 764.6 589.0 653.6 581.9 662.2 595.7 713.8 743.6 770.0 781.0 806.5 784.6 741.6 706.5 702.6 668.3 653.1 700.6 233.6 236.5 171.6
Non-Current Assets
Property, Plant & Equipment 156.7 159.4 156.5 157.0 162.7 165.8 168.8 171.9 174.4 178.5 183.2 183.6 188.6 181.8 74.1 76.7 70.7 44.5 45.9 43.6 39.2 35.2
Goodwill 62.7 62.7 62.7 62.7 62.8 62.8 62.8 62.8 62.8 62.8 62.8 58.8 58.8 58.8 58.8 58.4 58.4 59.8 0 0 0 0
Intangible Assets 2.6 2.8 10.3 11.3 14.2 15.3 16.9 18.2 20.1 20.8 21.7 20.8 21.5 22.3 23.0 23.7 24.2 22.9 2.3 1.8 1.8 1.6
Long-Term Investments 0 0 0 2.8 7 7 0 11.1 7.5 6.5 6.5 6.5 6.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Other Non-Current Assets 335.3 314.0 307.3 5.6 6.4 7.2 14.4 4.6 8.7 6.2 6.5 9.7 33.6 32.6 31.9 32.1 31.9 32.0 24.1 24.1 23.6 23.4
Total Non-Current Assets 557.3 538.8 536.7 526.5 529.5 532.7 262.8 268.6 273.4 275.0 280.9 279.4 309.0 295.9 188.3 191.3 185.7 159.7 72.7 70.2 65.0 60.6
Total Assets 1,422.2 1,303.4 1,125.7 1,180.0 1,111.3 1,194.9 858.6 982.4 1,017.0 1,045.0 1,062.0 1,085.9 1,093.6 1,037.5 894.8 893.9 854.1 812.8 773.2 303.8 301.5 232.3
Current Liabilities
Account Payables 6.5 7.2 8.4 6.8 6.1 18.0 10.9 8.9 7.1 11.8 14.1 4.0 11.2 8.0 8.8 10.6 6.7 8.8 10.0 7.0 6.1 8.5
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 554.9 516.2 469.8 438.9 435.5 439.8 417.1 388.0 377.8 376.3 351.9 320.6 297.8 283.5 255.7 226.0 205.8 188.6 159.6 127.8 113.1 101.5
Other Current Liabilities 298.6 236.5 154.5 14.0 15.1 18.5 123.7 217.1 14.4 139.6 91.4 10.6 139.9 17.4 55.4 13.4 64.1 18.1 13.7 18.1 27.8 27.4
Total Current Liabilities 860.0 759.9 632.7 749.6 688.4 643.1 557.7 633.3 624.8 552.0 478.3 496.8 464.6 397.5 340.6 332.0 290.4 264.6 214.8 163.4 158.2 146.1
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0.4 0.7 0.9 0 1.7 1.8 1.7 1.9 2.4 2.5 2.4 4.3 4.5 4.7 3.8 0 0 0 0
Other Non-Current Liabilities 348.6 339.1 327.1 193.9 182.7 197.9 2.8 0.4 1.0 0.4 0.4 0.4 2.0 1.5 1.6 1.6 1.6 4.9 3.4 3.5 3.7 3.8
Total Non-Current Liabilities 348.6 339.1 327.1 303.8 297.0 313.9 119.9 120.8 123.0 123.7 125.3 127.3 130.5 129.1 23.9 30.3 31.2 8.7 3.4 3.5 3.7 3.8
Total Liabilities 1,208.6 1,099.0 959.7 1,053.3 985.3 957.0 677.5 754.1 747.8 675.8 603.6 624.1 595.1 526.6 364.5 362.3 321.6 273.3 218.2 166.9 161.8 149.9
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 650.7 569.3
Retained Earnings 123.4 119.8 101.2 85.1 72.1 83.8 (7.3) (30.8) (54.9) (73.7) (87.7) (103.0) (107.0) (101.8) (90.5) (53.6) (46.5) (36.1) (19.0) (2.0) (519.1) (494.8)
Accumulated Other Comprehensive Income (0.3) 0.8 0.8 0.6 0.5 0.3 1.5 (0.6) 0.2 2.0 (0.5) (1.3) (0.6) (1.5) (1.8) (1.1) (0.7) (0.1) (0.0) 0 0.1 0.0
Total Stockholders' Equity 185.3 177.7 148.6 121.3 116.7 198.4 129.0 153.5 165.9 233.3 275.9 266.9 296.8 291.1 291.7 290.2 279.6 277.6 286.3 62.6 139.7 82.4
Total Liabilities & Equity 1,422.2 1,303.4 1,125.7 1,180.0 1,111.3 1,194.9 858.6 982.4 1,017.0 1,045.0 1,062.0 1,085.9 1,093.6 1,037.5 894.8 893.9 854.1 812.8 773.2 303.8 301.5 232.3
Debt Metrics
Total Debt 0 0 0 115.0 119.6 121.3 123.1 124.6 126.0 127.4 128.7 130.1 131.4 130.1 21.2 27.4 28.3 0 0 0 0 0
Net Debt (170.7) (85.7) (75.8) 25.7 32.0 54.4 90.2 85.5 61.9 69.5 65.1 72.8 92.3 91.2 (307.9) (312.3) (270.8) (280.1) (337.8) (168.3) (175.7) (116.2)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 38.8 46.5 28.3 37.9 38.6 116.6 38.0 38.6 32.1 23.3 26.9 8.0 (8.3) (18.8) (65.6) (12.3) (18.8) (17.7) (32.8) (2.0) (13.1) 8.5 11.1 22.3 (51.3)
Depreciation & Amortization 6.8 13.9 7.5 6.8 6.5 7.0 7.0 6.4 6.1 6.2 5.3 5.0 5.2 5.5 4.5 4.3 4.4 3.2 4.0 2.7 2.5 2.5 2.3 2.3 2.3
Stock-Based Compensation 0 11.3 9.6 10.3 7.8 8.3 6.1 10.2 10.7 2.2 4.2 14.3 16.6 40.0 73.1 12.3 13.1 0 14.1 0 0.6 0.6 0.5 0.5 1.8
Change in Working Capital 106.8 120.2 (160.3) 60.9 44.3 169.7 (87.5) 60.5 31.5 63.7 (39.9) 49.5 45.7 54.0 0.3 45.8 24.5 38.8 49.0 22.1 7.8 3.9 2.4 (28.6) 5.3
Other Non-Cash Items 30.2 1.4 67.7 5.4 1.9 1.6 (0.2) (0.5) (0.7) (1.0) (0.7) (1.7) 1.4 0.4 1.4 1.0 1.5 7.5 (15.3) (20.0) 1.9 0.7 0.4 0 0
Operating Cash Flow 190.4 198.4 (47.3) 123.0 98.3 136.6 (35.9) 114.6 80.3 94.1 (4.9) 75.0 60.8 79.3 13.2 50.9 24.9 31.7 34.9 2.7 (0.3) 16.1 16.8 (3.4) (41.8)
Investing Activities
Capital Expenditure (4.9) (11.0) (6.2) (5.1) (7.1) (2.8) (2.0) (4.5) (3.0) (4.2) (4.1) (8.5) (9.4) (8.5) (7.9) (9.8) (5.6) (6.1) (7.3) (6.4) (9.0) (7.3) (2.9) (2.2) (4.5)
Acquisitions 0 0 0 2.7 0 0 0 0 0 0.5 0 0.1 0.0 0 0 0 0.1 (75.8) 0.5 0 0.2 (0.0) 0.2 0 0
Purchases of Investments (286.9) (271.1) 0 (146.0) (97.4) (268.0) (347.1) (141.3) (215.8) (317.9) (223.1) (153.4) (264.2) (881.3) (240.2) (192.0) (149.1) (298.2) (625.8) (17.0) (47.0) (66.4) (51.8) (27.1) (25.4)
Sales/Maturities of Investments 270.4 112.1 0 71.7 197.7 236.5 470.6 146.0 245.0 333.9 261.6 154.5 223.0 562.1 231.7 192.0 149.1 297.5 328.1 16.9 47.1 66.3 51.7 26.8 21.3
Other Investing Activities 0 0 62.5 0 0 0 0 (0.1) (0.2) (0.5) (3.8) (0.1) (0.0) (0.2) (0.1) (0.2) (0.1) 0 (0.5) 0 (0.2) 0.0 (0.2) (0.1) (0.4)
Investing Cash Flow (21.4) (170.1) 56.4 (76.7) 93.3 (34.2) 121.5 0.2 26.2 11.9 30.6 (7.4) (50.6) (327.7) (16.4) (9.8) (5.6) (82.7) (305.0) (6.5) (8.9) (7.4) (2.9) (2.4) (8.9)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (1.2) 0 (5.9) (24.6) (101.7) (47.8) (75.2) (65.1) (84.9) (13.5) (11.0) (38.6) (6.5) 0 (4.6) (0.3) 0 0 0 0 (11.7) (0.0) (0.0) (0.1) (210.2)
Dividends Paid (40.1) (16.6) (16.6) (16.6) (42.0) (17.2) (13.9) (48.7) (13.6) (58.1) (10.6) (18.1) (0.0) (21.7) 0 0 0 0 (4.1) 0 0 0 0 0 0
Other Financing Activities (42.6) (1.8) (0.1) (3.8) (27.5) (3.4) (3.0) (26.0) (2.8) (38.4) (0.9) (15.5) (2.6) (19.5) (2.8) (0.0) 0 0.0 6.2 (6.2) 0.3 0 0 (0.1) (0.6)
Financing Cash Flow (83.9) (18.4) (22.6) (45.0) (171.3) (68.4) (92.1) (139.8) (101.3) (112.1) (22.6) (72.3) (9.1) (41.1) (7.4) (0.3) 0 (0.6) 439.5 (3.6) 68.8 34.0 (0.0) (0.2) (96.8)
Cash Position
Net Change in Cash 84.9 10.0 (13.5) 1.4 20.3 34.1 (6.4) (25.0) 5.3 (6.2) 3.2 (4.6) 1.1 (289.5) (10.6) 40.7 19.2 (57.7) 169.4 (7.4) 59.6 42.7 13.8 (6.0) (147.5)
Cash at Beginning 85.7 78.5 92.1 90.7 70.3 36.3 42.7 67.7 62.4 68.6 65.3 70.0 68.9 358.4 369.0 328.4 309.1 337.8 191.2 175.7 139.1 96.4 82.5 88.6 236.1
Cash at End 170.7 88.5 78.5 92.1 90.7 70.3 36.3 42.7 67.7 62.4 68.6 65.3 70.0 68.9 358.4 369.0 328.4 280.1 360.6 168.3 198.7 139.1 96.4 82.5 88.6
Free Cash Flow 185.5 187.4 (53.5) 117.9 91.3 133.9 (37.9) 110.0 77.4 90.0 (8.9) 66.5 51.3 70.8 5.2 41.1 19.3 25.6 27.6 (3.7) (9.3) 8.8 13.9 (5.6) (46.4)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 253.0 240.8 229.2 219.5 211.4 206.3 198.4 186.7 179.0 171.0 160.4 149.9 132.4 128.3 115.9 102.7 90.5 80.7 67.6 55.2 50.6 53.2 56.4 60.0 61.3
Gross Profit 161.0 351.5 149.8 140.6 131.1 129.4 125.0 120.6 114.4 105.9 102.2 94.4 79.6 81.6 74.3 65.1 55.4 47.8 39.5 31.0 30.6 36.7 40.3 46.5 33.6
Operating Income 62.0 53.9 52.6 42.6 37.4 34.1 35.1 30.3 23.7 15.7 19.3 0.2 (15.1) (32.0) (65.7) (13.1) (18.2) (31.5) (32.6) (37.7) (13.1) (0.0) 10.7 22.3 (51.8)
Net Income 38.8 30.8 28.3 24.7 25.4 103.3 23.5 24.1 18.8 14.0 15.3 4.0 (5.2) (11.3) (36.8) (7.2) (10.3) (17.2) (16.9) (2.0) (13.1) 8.5 11.1 22.3 (51.3)
EPS (Diluted) 0.38 0.31 0.29 0.26 0.26 0.87 0.25 0.26 0.20 0.15 0.17 0.09 -0.09 -0.22 -0.79 -0.09 -0.25 -0.23 -0.23 -0.03 -0.18 0.12 0.19 0.39 -0.70
Balance Sheet
Cash & Equivalents 170.7 85.7 75.8 89.3 87.6 66.9 32.9 39.1 64.1 57.9 63.5 57.2 39.1 38.9 329.1 339.7 299.1 280.1 337.8 168.3 175.7 116.2
Total Assets 1,422.2 1,303.4 1,125.7 1,180.0 1,111.3 1,194.9 858.6 982.4 1,017.0 1,045.0 1,062.0 1,085.9 1,093.6 1,037.5 894.8 893.9 854.1 812.8 773.2 303.8 301.5 232.3
Total Debt 0 0 0 115.0 119.6 121.3 123.1 124.6 126.0 127.4 128.7 130.1 131.4 130.1 21.2 27.4 28.3 0 0 0 0 0
Stockholders' Equity 185.3 177.7 148.6 121.3 116.7 198.4 129.0 153.5 165.9 233.3 275.9 266.9 296.8 291.1 291.7 290.2 279.6 277.6 286.3 62.6 139.7 82.4
Cash Flow
Operating Cash Flow 190.4 198.4 (47.3) 123.0 98.3 136.6 (35.9) 114.6 80.3 94.1 (4.9) 75.0 60.8 79.3 13.2 50.9 24.9 31.7 34.9 2.7 (0.3) 16.1 16.8 (3.4) (41.8)
Capital Expenditure (4.9) (11.0) (6.2) (5.1) (7.1) (2.8) (2.0) (4.5) (3.0) (4.2) (4.1) (8.5) (9.4) (8.5) (7.9) (9.8) (5.6) (6.1) (7.3) (6.4) (9.0) (7.3) (2.9) (2.2) (4.5)
Free Cash Flow 185.5 187.4 (53.5) 117.9 91.3 133.9 (37.9) 110.0 77.4 90.0 (8.9) 66.5 51.3 70.8 5.2 41.1 19.3 25.6 27.6 (3.7) (9.3) 8.8 13.9 (5.6) (46.4)