YOU on NYSE

Clear Secure

Logo: Gabrielacalogero, CC BY-SA 4.0, via Wikimedia Commons4

American technology company

Clear Secure, Inc. is a biometrics-based technology company headquartered in New York City.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

$900.8MRevenue, fiscal 20255
$109.2MNet income, fiscal 20255
2010Founded1

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  • TickerYOU on NYSE1
  • IndustryServices-Prepackaged Software1
  • HeadquartersDE1
  • Websitewww.clearme.com
  • Incorporated inDE6
  • Business address85 10Th Ave., 9Th Floor, New York, Ny 100116
  • Filer categoryLarge accelerated filer6

Clear Secure, Inc. is a biometrics-based technology company headquartered in New York City. The company operates travel document verification systems at numerous airports and stadiums. It was founded in 2003, but shut down in 2009 after filing for bankruptcy. It was relaunched in 2012 and went public in 2021.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

20.7%Operating margin5
12.1%Net margin5
16.9%Revenue growth, 20255
61.4%Return on equity5
$343.1MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development8¢$72.4M
  • Other costs76¢$681.3M
  • Income tax4¢$37.9M
  • Profit12¢$109.2M

Out of $900.8M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending8¢$29.3M
  • Kept or used elsewhere92¢$343.1M

Out of $372.5M of cash from operations.5

Financial statements

Revenue8910115$900.8M in 2025+368% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $192.3M$192.3M20192020: $230.8M$230.8M2020+20%2021: $254.0M$254.0M2021+10%2022: $437.4M$437.4M2022+72%2023: $613.6M$613.6M2023+40%2024: $770.5M$770.5M2024+26%2025: $900.8M$900.8M2025+17%
Operating income8910115$186.5M in 2025
-$200.0M-$100.0M0$100.0M$200.0M2019: -$56.2M-$56.2M20192020: -$18.9M-$18.9M2020−66%2021: -$114.9M-$114.9M2021+507%2022: -$129.1M-$129.1M2022+12%2023: $20.1M$20.1M20232024: $123.2M$123.2M2024+512%2025: $186.5M$186.5M2025+51%
Net income8910115$109.2M in 2025
-$100.0M0$100.0M$200.0M2019: -$54.2M-$54.2M20192020: -$9.3M-$9.3M2020−83%2021: -$36.1M-$36.1M2021+288%2022: -$65.6M-$65.6M2022+82%2023: $28.1M$28.1M20232024: $169.7M$169.7M2024+504%2025: $109.2M$109.2M2025−36%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue$900.8M$770.5M$613.6M
Cost of revenue share fee$127.8M$108.1M$88.6M
Cost of direct salaries and benefits$192.6M$173.0M$142.8M
Research and development$72.4M$73.4M$74.4M
Sales and marketing$54.4M$48.8M$43.5M
General and administrative$232.4M$217.5M$222.4M
Depreciation and amortization$34.6M$26.5M$21.6M
Operating income$186.5M$123.2M$20.1M
Interest income, net$24.4M$32.5M$29.0M
Other (expense) income, net-$4.8M-$89.1M$1.5M
Income before tax$206.1M$66.6M$50.6M
Income tax (expense) benefit-$37.9M$158.6M-$724.0K
Net income$168.1M$225.3M$49.9M
Less: net income attributable to non-controlling interests$59.0M$55.6M$21.8M
Net income attributable to Clear Secure, Inc.$109.2M$169.7M$28.1M

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The story

Origin and founders

Steven Brill and Ajay Amlani were the original owners of Clear, a subsidiary of Verified Identity Pass, founded in 2003. Ajay Amlani left the company in 2006 to pursue another identity technology company named YOU Technology. Steven Brill stepped away from the company in 2008. Clear shut down in 2009 after filing for bankruptcy.

2010s

Caryn Seidman-Becker purchased CLEAR out of bankruptcy in 2010 with her partner and co-founder Ken Cornick. They relaunched the company in 2012. Clear operates out of its headquarters in Manhattan, New York.

2020s

In 2021, Clear went public as Clear Secure, Inc. on the NYSE with the ticker symbol 'YOU'.

In 2022, Clear's verification service allowed an airline passenger using a false identity to pass through its system; the passenger was also found by the TSA to be carrying ammunition. The company noted in a formal statement that it was due to "a single human error". The program's facial-recognition system for enrolling new customers was also noted as sometimes relying on inadequate photos such as the chin or shoulder.

Two further security incidents occurred in 2023, where individuals not enrolled in the company's security program were escorted through a TSA security checkpoint without having presented their identification. One of the incidents involved a passenger who had used a boarding pass that was picked out of a trash bin.

In November 2024, Clear debuted new EnVe Pods that it claims will reduce the time it takes to verify travelers; no fingerprint or eye scan will be required. Instead, the pods will use high-resolution, wide-angle cameras to identify users. According to Clear, the process will be five times faster than the current system.

From Wikipedia’s article on Clear Secure, shared under CC BY-SA 4.0.7

Leadership

Who has led Clear Secure, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (20)

Timeline

  1. Jun 30, 2021New chief executive Becker Caryn Seidman becomes CEO16
  2. 2010Founded Founded1

Filings

452 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 274 insider forms, 51 large holders, 69 other. The latest 20:

  1. Sep 30, 20264 EDGAR
  2. Sep 16, 20268-K EDGAR
  3. Sep 3, 2026144 EDGAR
  4. Sep 3, 2026144 EDGAR
  5. Sep 3, 2026144 EDGAR
  6. Sep 3, 20264 EDGAR
  7. Sep 3, 20264 EDGAR
  8. Sep 3, 20264 EDGAR
  9. Aug 10, 2026144 EDGAR
  10. Aug 7, 20264 EDGAR
  11. Aug 7, 20264 EDGAR
  12. Aug 5, 2026144 EDGAR
  13. Aug 5, 202610-Q EDGAR
  14. Aug 5, 20268-K EDGAR
  15. Aug 3, 20264 EDGAR
  16. Aug 3, 20264 EDGAR
  17. Jul 30, 20268-K EDGAR
  18. Jul 30, 20264 EDGAR
  19. Jul 30, 20263 EDGAR
  20. Jul 17, 20264 EDGAR

The 452 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 51 such filings since October 2021, the latest 10:

  1. Apr 29, 2026SCHEDULE 13G
  2. Mar 26, 2026SCHEDULE 13G/A
  3. Feb 17, 2026SCHEDULE 13G/A
  4. Jan 30, 2026SCHEDULE 13G/A
  5. Nov 14, 2025SCHEDULE 13G/A
  6. Oct 17, 2025SCHEDULE 13G/A
  7. Sep 23, 2025SCHEDULE 13G/A
  8. Aug 14, 2025SCHEDULE 13G/A
  9. Aug 14, 2025SCHEDULE 13G/A
  10. May 12, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.15,909,242$886.6M0.0%+787,162
Vanguard Portfolio Management LLC7,772,024$433.1M0.0%+655,007
Vanguard Capital Management LLC4,257,501$237.3M0.0%+251,855
State Street Corp3,699,884$206.2M0.0%+292,051
Renaissance Technologies LLC3,276,617$182.6M0.3%−76,100
Geode Capital Management, LLC2,990,057$166.7M0.0%+326,645
Goldman Sachs Group Inc2,837,559$158.1M0.0%−8,504
Arrowstreet Capital, Limited Partnership2,683,493$149.6M0.1%+2,551
First Trust Advisors LP2,588,606$144.3M0.1%−268,773
Morgan Stanley2,565,860$143.0M0.0%−35,351
D. E. Shaw & Co., Inc.2,443,976$136.2M0.1%+989,745
Fmr LLC2,367,330$131.9M0.0%+1,179,154
Dimensional Fund Advisors LP1,746,182$97.3M0.0%+34,891
Copeland Capital Management, LLC1,682,498$93.8M1.9%−73,354
Wedge Capital Management L L P/nc1,481,104$82.5M1.4%New
Jpmorgan Chase & Co1,309,808$73.6M0.0%+244,884
Northern Trust Corp1,256,456$70.0M0.0%−35,210
Invesco Ltd.1,150,625$64.1M0.0%−40,348
Jupiter Asset Management Ltd1,096,810$61.1M0.3%−330,257
Jacobs Levy Equity Management, Inc1,038,992$57.9M0.2%−118,367
Nuveen, LLC1,026,670$57.2M0.0%+87,508
Charles Schwab Investment Management Inc895,454$49.9M0.0%+64,501
Bank of New York Mellon Corp856,307$47.7M0.0%+70,430
Capital World Investors822,121$45.8M0.0%New
Ribbit Management Company, LLC747,978$41.7M2.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Apr 10, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+8.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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