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CrowdStrike Brings CLEAR's Verified Human Identity into the Falcon Platform PR Newswire

AUSTIN, Texas, NEW YORK and LAS VEGAS, August 31, 2026

Integration helps security teams distinguish trusted users from potential threats and act with greater confidence

, /PRNewswire/ -- CrowdStrike (NASDAQ: CRWD) and CLEAR (NYSE: YOU) today announced a strategic partnership that integrates CLEAR1, CLEAR's secure identity platform, with the CrowdStrike Falcon® platform. Together, CrowdStrike and CLEAR connect threat detection with high-assurance, person-based verification, designed to enable organizations to verify the human behind unusual activity and make more informed security decisions.

As attackers increasingly exploit legitimate credentials and trusted access pathways to blend into normal digital activity, establishing trust in the person behind a valid account or recognized device is more important than ever. By combining the Falcon platform with CLEAR1, companies can verify the device, the human, and stop identity-based attacks.

"Identity is at the center of how organizations operate and how adversaries attack. Bringing CrowdStrike and CLEAR together gives customers a new way to put high-assurance person-based verification to work as part of their security strategy," said Daniel Bernard, chief business officer at CrowdStrike. "This is what the Falcon platform is built for – bringing the best technology and intelligence together to help customers stop threats, reduce complexity, and move their businesses forward."

CLEAR1 uses a multi-layered approach to establish confidence in a person's identity, which includes capturing biometrics and government-issued identification and verifying it against authoritative sources. Through integrations with CrowdStrike capabilities, including Falcon® Next-Gen SIEM and Charlotte Agentic SOAR, organizations can incorporate person-based verification directly into existing security workflows without adding unnecessary friction.

In practice, the integration connects Falcon's risk detection with CLEAR1's person-based verification. When Falcon detects potential risk, it will trigger CLEAR1 to verify the human in real time and incorporate that result alongside other security signals to inform whether activity should be allowed, investigated or blocked. By correlating identity verification data with signals across the Falcon platform, security teams can uncover suspicious patterns that might otherwise appear legitimate when viewed in isolation.

"At CLEAR, we've spent more than 16 years building technology that helps establish confidence in a person—not just a credential, account or device," said Brett Romanoff, EVP of CLEAR1. "Together with CrowdStrike, that verification is now available when security decisions are being made. By verifying the person when risk emerges, organizations can make more informed decisions while keeping trusted users moving."

The integration is available for existing CrowdStrike and CLEAR1 customers to begin activating today.

About CrowdStrike
CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world's most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft, and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting, and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity, and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/
Follow us: Blog | X | LinkedIn | Instagram
Start a free trial today: https://www.crowdstrike.com/trial

© 2026 CrowdStrike, Inc. All rights reserved. CrowdStrike and CrowdStrike Falcon are marks owned by CrowdStrike, Inc. and are registered in the United States and other countries. CrowdStrike owns other trademarks and service marks and may use the brands of third parties to identify their products and services.

About CLEAR
The mission of CLEAR, the secure identity company, is to strengthen security and create frictionless experiences. With over 43 million Members and a growing network of partners across the world, CLEAR's secure identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you—making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we do not sell biometric or sensitive personal data. For more information, visit clearme.com.

Forward-Looking Statements
This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This includes, without limitation, statements regarding CLEAR's offerings, integration functionality and success, the anticipated benefits of integrating the CLEAR1 platform with the CrowdStrike Falcon platform, and the ability of the combined solution to verify identity, detect threats, and inform security decisions. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in CLEAR's filings within the Securities and Exchange Commission, including the sections titled "Risk Factors" in our Annual Report on Form 10-K. CLEAR disclaims any obligation to update any forward-looking statements contained herein.

Media Contact:
CLEAR
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/crowdstrike-brings-clears-verified-human-identity-into-the-falcon-platform-302864476.html

SOURCE CLEAR

Key Takeaways CVS posted broad-based Q2 growth, with revenues up 7% and adjusted EPS rising 40% year over year.CVS raised 2026 revenue, operating income and adjusted EPS targets after a strong first-half performance.Caremark pressures, membership declines and medical costs remain key hurdles for CVS heading into 2027. CVS Health (CVS - Free Report) reported its second-quarter 2026 results on Aug. 5. Revenues reached $106 billion, while adjusted operating income came in at approximately $5.2 billion, up more than 7% and 35%, respectively, from the prior-year quarter. The company saw growth across both the top and bottom lines in all of its operating segments. Adjusted earnings per share (EPS) improved significantly, increasing 40% year over year to $2.58.

CVS ended the quarter with approximately $2.7 billion of cash at the parent and unrestricted subsidiaries and a leverage ratio of roughly 3.5. Cumulative operating cash flow reached nearly $10.6 billion in the first half, reflecting strong earnings year to date and the impact of working capital improvements. Following the solid six-month performance, management raised its outlook for the full-year 2026 adjusted EPS and cash flow from operations.

The quarterly results, however, did not translate into a stronger stock performance. CVS shares ended the session 5.1% lower than the previous day’s close.

CVS Outpaces Key Benchmarks & PeersOver the past 12 months, the stock has climbed 32.4% compared with the industry’s 9.6% growth, the Medical sector’s 10.2% increase and the S&P 500 composite’s 23.7% gain. The stock has also fared better than peers UnitedHealth Group (UNH - Free Report) and Elevance Health (ELV - Free Report) , which have risen 29.8% and 25.1%, respectively, over the same period.

CVS Stock’s 12-Month Price Performance
Image Source: Zacks Investment Research

CVS Health’s Q2 Results: Broad-Based Growth Across SegmentsThe Health Care Benefits revenues increased 3.5%, driven by strength in the Government business. This growth was partially offset by the company’s strategic exit from the individual exchange business this year, which brought total medical membership down by roughly 700,000 members compared to the prior-year period. CVS is seeing significant momentum in Aetna's margin recovery, with year-to-date adjusted operating income expanding by more than $2 billion, reflecting the cumulative impact of the actions taken over the past two years.

Medical benefit ratio was 87.4% compared to 89.9% in the prior year, with the impact of changes in our individual exchange risk adjustment position associated with the 2025 plan year as well as the impact of favorable prior-year development contributing roughly 140 basis points (bps).

In Health Services, the top line grew 11.5% year over year, led by pharmacy drug mix and brand inflation. However, continued pharmacy client price improvements remained a drag on growth. Adjusted operating income growth of 10% was primarily driven by improved purchasing economics and pharmacy drug mix and modest improvement in the health care delivery business, which rose 23%.

Pharmacy and Consumer Wellness revenues increased slightly in the quarter, driven by pharmacy drug mix, higher prescription volume, including contributions from the Rite Aid asset acquisitions, and brand inflation. Adjusted operating income grew 10%, primarily due to core pharmacy strength and incremental contributions from the Rite Aid transaction.

CVS Health Sets Higher 2026 TargetsCVS Health raised its full-year 2026 outlook across key financial metrics. The company now expects revenues of at least $414 billion, up from its previous forecast of at least $405 billion. Enterprise adjusted operating income is projected at $16.58 billion to $16.92 billion compared with the prior range of $15.53-$15.87 billion.

Within this outlook, Health Care Benefits adjusted operating income is now expected to reach $5.03 billion to $5.37 billion, more than $1 billion above the previous guidance. Adjusted EPS is now expected in the range of $7.90-$8.10 compared with the prior range of $7.30-$7.50.

CVS’ Earnings Revision TrendThe Zacks Consensus Estimate calls for the company’s EPS to increase 17.3% to $7.92 in 2026, followed by another 7% increase to $8.48 in 2027. The estimates have moved higher consistently over the past three months.

Image Source: Zacks Investment Research

A Look at CVS’ ValuationCVS trades at a forward, five-year Price/Sales (P/S) of 0.28X, slightly above its historical median of 0.26X but well below the 0.52X industry average. It has a Value Score of A.

CVS Health’s 5-year P/S F12M
Image Source: Zacks Investment Research

By comparison, peers UnitedHealth Group and Elevance Health command higher valuations, trading at a P/S of 0.80X and 0.44X, respectively.

CVS Faces Near-Term HeadwindsIn the second quarter, CVS Caremark’s 340B business faced some pressure. Restrictions imposed by pharma manufacturers on covered entities and some large specialty drugs turning generic weighed on the program. Though the impact was offset by strength in other parts of Caremark, management expects these pressures to persist and pose a headwind in 2027.

Caremark’s membership decline remains another challenge next year. The fall is expected to result from CVS’ transition to the lowest-net-cost pricing model and taking a more deliberate approach to client renewals and the selling season. Product actions and market exit by some of the company’s health plan customers will also likely play a role.

Medical cost utilization remains a key risk to Aetna’s recovery despite the improvement seen in the first half of 2026. Macroeconomic factors, including inflation, tariffs, interest rates, unemployment and supply-chain disruption, can affect costs, consumer behavior and cash flow across the enterprise.   

Our Take on CVS StockCVS Health’s latest results show strength across key parts of the business and continued progress in Aetna’s margin recovery. Pharmacy & Consumer Wellness maintained solid momentum, while Health Services benefited from drug mix and brand inflation. Health Care Benefits also gained from strength in the Government business. The raised full-year guidance adds to the positive outlook.

At the same time, Caremark’s 340B pressures and expected membership declines remain notable near-term hurdles, while higher medical cost utilization could slow Aetna’s margin recovery.

The stock has outperformed its industry, sector and peers over the past 12 months. Valuation also remains attractive, with CVS trading at a lower sales multiple than its industry and peers. Given these factors, existing shareholders may want to retain their position. Prospective investors, however, should wait for a more favorable entry point.

CVS carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

CLEAR Secure (NYSE:YOU) reported fiscal second-quarter 2026 results marked by double-digit bookings and revenue growth, expanding profitability and record quarterly free cash flow, while management highlighted continued investment in airport services and its CLEAR1 identity platform.

The company ended the quarter with 43.5 million total members, up 30% year over year, and 8.3 million active CLEAR+ members, up 15.2%. Total bookings rose 32.8% to $295.9 million, while revenue increased 26.6% to $277.8 million.

Founder, Chair and Chief Executive Officer Caryn Seidman Becker said the company generated $189 million in free cash flow during the quarter, a 60% increase from a year earlier. She also said CLEAR surpassed the 35% adjusted EBITDA margin target established at the time of its IPO five years ago, reporting a 36.4% adjusted EBITDA margin.

Travel products drive member growth Management attributed travel-business momentum to its “home-to-gate” strategy, which combines airport security access with mobile travel tools, concierge services and other airport offerings. Becker said the company’s mobile app, which includes calendar synchronization, travel guidance, airport wayfinding and live updates, is averaging 1 million monthly users.

CLEAR continued expanding its airport footprint during the quarter. Chief Financial Officer Jen Hsu said Indianapolis and Bentonville became the company’s two newest CLEAR+ airport locations. CLEAR Concierge, its service offering airport assistance, expanded to seven additional locations and is now available in 39 airports.

The company also cited continued rollout of its eGates, which covered more than 70% of its network at quarter-end. According to Becker, the gates enable member verification in under five seconds. Hsu said eGates improved labor efficiency, with direct salaries and benefits declining to 17.3% of revenue from the prior-year period, an improvement of approximately 450 basis points.

“That efficiency has turned what was once a pure cost center into a driver of top-line growth,” Hsu said, adding that the company has redeployed ambassadors from lane operations toward hospitality and sales-related initiatives such as concierge services.

CLEAR also began testing new airport commerce initiatives. Becker said the company launched its first concessions partnership at Newark and is beginning a Starbucks pilot at LaGuardia, where members can order coffee in advance for pickup on their way to a gate.

Effective July 1, CLEAR increased standard membership pricing by $10 to $219, with changes also made across many airline pricing tiers. Family-member pricing remained at $125. Hsu said early retention rates have remained healthy following the increases and management sees additional long-term pricing opportunities.

CLEAR1 identity platform expands Beyond travel, management emphasized opportunities for CLEAR1, the company’s business-to-business identity platform. Becker said rising concerns around synthetic identities, deepfakes and fraud are increasing demand for stronger identity-verification systems across workforce, healthcare, consumer and government applications.

During the quarter, CLEAR introduced an identity framework featuring three proprietary products: Vertex, Apex and Helix. Becker said Vertex is intended to provide a stronger identity foundation beyond document-only verification; Apex adds multilayer validation for higher-risk uses such as Medicare; and Helix is designed for high-stakes settings and uses witness verification.

The company said it is developing a GovTech vertical, citing opportunities to address fraud, waste and abuse across federal and state programs. Becker pointed to CLEAR’s longstanding work with the Department of Homeland Security and said the company is working with agency leaders around secure and customer-focused identity experiences.

Hsu said CLEAR1 signed a significant number of new partners in the quarter, with average deal sizes increasing. Net-new customer signings increased more than 50% sequentially from the first quarter, while the pipeline grew more than 50% quarter over quarter, she said. The company is seeing demand from channel partnerships, government, healthcare, workforce and consumer verticals.

Management noted that larger CLEAR1 contracts could create variability in the timing of bookings. Becker said the company intends to pursue large contracts as it expands the platform.

Margins, cash flow and outlook CLEAR reported operating income of $83 million and adjusted EBITDA of $101.1 million, representing approximately 900 basis points of adjusted EBITDA margin expansion year over year. Hsu said the company delivered about 70% adjusted EBITDA flow-through during the quarter.

Net cash provided by operating activities totaled $201.2 million, and free cash flow reached $189 million. The company ended the quarter with $959 million, or more than $7 per share, in cash and marketable securities. During the third quarter to date, CLEAR repurchased approximately $22 million of shares at an average price of $52.73.

Hsu noted that the company expects negative free cash flow in the third quarter because it will settle an accrued partnership liability with its credit-card partner. The company disclosed an approximately $315 million accrued partnership liability that is scheduled to be paid in the third quarter, though management said the payment is already reflected in full-year guidance.

Third-quarter revenue guidance: $284 million to $287 million. Third-quarter total bookings guidance: $311 million to $316 million. Full-year 2026 free-cash-flow guidance: at least $480 million, raised from at least $465 million. At the midpoint, the third-quarter outlook implies year-over-year revenue growth of 24.6% and bookings growth of 20.5%, according to the company.

Management also discussed future network expansion, including potential opportunities in Canada and Mexico, while Becker said the company remains focused on building more comprehensive U.S. airport coverage before pursuing international markets more broadly. President Michael Barkin added that CLEAR has approval through its TSA partnership to enroll international members from 42 visa-waiver countries and is seeing organic growth from those members using the U.S. network.

About CLEAR Secure (NYSE:YOU) 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.

The new enterprise offering combines CLEAR+, CLEAR Concierge, TSA PreCheck® enrollment, and the CLEAR mobile app into a seamless corporate travel program designed to set a new standard for business travel.

, /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, announced the launch of CLEAR Corporate Memberships, an industry-first enterprise offering that gives companies a seamless way to support business travelers through the entire day of travel. Making its formal debut at the Global Business Travel Association (GBTA) Convention 2026 in Chicago, CLEAR Corporate Memberships brings together CLEAR+, CLEAR Concierge, TSA PreCheck® enrollment, and the CLEAR app into a single corporate program designed to help business travelers move with greater speed, certainty, and predictability from home to gate.

Business travel is increasingly unpredictable and volatile. According to industry research, nearly nine in ten business travelers experienced travel disruptions in 2025, and U.S. companies spend an estimated $17 billion annually managing the impact of delays and cancellations. Travel day uncertainty leads to lost productivity, increased stress for travelers and travel managers, and negative impacts to employee engagement and retention.

While organizations carefully plan and invest heavily in managing travel, the day-of-travel experience remains largely overlooked. CLEAR Corporate Memberships is designed to help business travelers gain greater transparency, control and efficiency to the travel experience.  The result is companies achieving improved productivity, increased engagement and lower travel costs.

"Business travelers deserve every opportunity to make their trips more predictable and efficient," said Michael Barkin, President of CLEAR. "Companies invest significant resources getting employees where they need to be, yet the day of travel remains uncertain, leading to stress and underutilized time. CLEAR Corporate Memberships deliver the tools that business travelers need to deliver the best results for their organizations with the least friction in their travel. With CLEAR, the new standard of travel is seamless."

CLEAR Corporate Memberships include:

A seamless home-to-gate experience with a CLEAR+ membership, including access to CLEAR's airport eGates: Every enrolled employee gets a full CLEAR+ membership, using biometric identity verification and eGate technology to move through security in seconds. The CLEAR app: Real-time security wait times, airport traffic patterns, and gate distances, so employees can plan their travel day before they leave home, the office, or a meeting. CLEAR Concierge: A dedicated CLEAR Ambassador can be booked to meet travelers, handle bags, and escort them through security all the way to the gate — the fastest way through the airport, with none of the stress. TSA PreCheck® enrollment, with in-person support: On-site enrollment events and travel fairs for both CLEAR and TSA PreCheck®, so employees can enroll without leaving the workplace. Seamless personal travel: With CLEAR membership, employees can use the same eGates, app, and Concierge access on their own trips, supporting employee satisfaction and retention. CLEAR Corporate Memberships brings the company's trusted travel offerings into a single enterprise program, helping companies support employees across the full day of travel with predictability, ease, and speed.

For more information about CLEAR Corporate Memberships, visit CLEAR Corporate Travel.

About CLEAR
The mission of CLEAR, the secure identity company, is to strengthen security and create frictionless experiences. With over 43 million Members and a growing network of partners across the world, CLEAR's secure identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you—making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we do not sell biometric or sensitive personal data. For more information, visit clearme.com.

Forward-Looking Statements
This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This includes, without limitation, statements regarding the expected benefits, performance, capabilities, availability and market adoption of CLEAR Corporate Memberships, including its ability to improve the predictability, efficiency and ease of business travel, increase employee productivity and engagement, and reduce travel costs. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including customer adoption of CLEAR Corporate Memberships, the successful implementation, availability and performance of the program and its component offerings, risks associated with the deployment, design and performance of eGates, regulatory approvals, and those described in the Company's filings within the Securities and Exchange Commission, including the sections titled "Risk Factors" in our Annual Report on Form 10-K. The Company disclaims any obligation to update any forward-looking statements contained herein.

CLEAR
[email protected]

SOURCE CLEAR

, /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, has released financial results for the second quarter 2026 on its Investor Relations website at https://ir.clearme.com.

Second Quarter Financial Highlights

(percentage change is expressed as year-over-year, unless otherwise specified)

Revenue of $277.8 million was up 26.6%; Total Bookings of $295.9 million increased 32.8% Operating income of $83.0 million, representing a 29.9% operating income margin Net income of $72.3 million, representing a 26.0% net income margin Adjusted EBITDA of $101.1 million, representing a 36.4% Adjusted EBITDA margin and 900 basis points of year-over-year margin expansion, exceeding long-term Adjusted EBITDA margin target of 35% Earnings per Common Share Basic and Diluted of $0.50 and $0.49, respectively Net cash provided by operating activities of $201.2 million; Free Cash Flow of $189.0 million Operational Achievements

Total CLEAR Members grew to 43.5 million, up 30.0% year-over-year and Active CLEAR+ Members grew to 8.3 million, up 15.2% year-over-year, as of June 30, 2026 62 CLEAR+ airports, including second quarter launches of Northwest Arkansas (Bentonville) and Indianapolis, and 280 retail locations with TSA PreCheck® Enrollment Provided by CLEAR as of June 30, 2026 eGates launched across 50 airports as of today; on track for network wide rollout in 2026 CLEAR Concierge, a premium, personalized on-demand airport service now offered at 39 airports Continued strong momentum in CLEAR1 across core verticals Capital Allocation Activities

Approximately $22.2 million returned to shareholders in the second quarter of 2026, related to our regular quarterly dividend of $0.15 per share and distributions Clear Secure, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share, payable on September 24, 2026 to shareholders of record of Class A Common Stock as of the close of business on September 10, 2026 Third Quarter and Full Year 2026 Guidance

Third quarter 2026 Revenue of $284-287 million, representing 24.6% year-over-year growth at the midpoint Third quarter 2026 Total Bookings of $311-316 million, representing 20.5% year-over-year growth at the midpoint Full Year 2026 Free Cash Flow guidance increased from at least $465 million to at least $480 million, representing at least 39.9% year-over-year growth "Identity has become critical infrastructure and CLEAR has firmly established itself as the trusted, secure identity company. Our second quarter results demonstrate the strength we are seeing across CLEAR Travel and CLEAR1, and we have never been better positioned for what's ahead," said Caryn Seidman Becker, CLEAR's CEO.

Conference Call Details

CLEAR will host a conference call to discuss these results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants. Listeners can access the live webcast at https://event.choruscall.com/mediaframe/webcast.html?webcastid=NTtHOW8v. A webcast replay will be available after the event on the investor relations website at https://ir.clearme.com.

About CLEAR

The mission of CLEAR, the secure identity company, is to strengthen security and create frictionless experiences. With over 43 million Members and a growing network of partners across the world, CLEAR's secure identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you—making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we do not sell biometric or sensitive personal data. For more information, visit clearme.com.

Key Performance Indicators

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Total Bookings (in millions)

$    222.9

$    260.1

$    287.1

$    291.7

$    295.9

Total CLEAR Members (in thousands)

33,472

35,751

37,998

40,986

43,501

Active CLEAR+ Members (in thousands)

7,227

7,399

7,616

8,167

8,329

Definitions of Key Performance Indicators

To evaluate performance of the business, we utilize a variety of other non-GAAP financial reporting and performance measures. These key measures include Total Bookings, Total CLEAR Members, and Active CLEAR+ Members.

Total Bookings

Total Bookings represent our total revenue plus the change in deferred revenue during the period. Total Bookings in any particular period reflect sales to new and renewing CLEAR+ subscribers plus any accrued billings to partners. Management believes that Total Bookings is an important measure of the current health and growth of the business and views it as a leading indicator.

Total CLEAR Members

We define Total CLEAR Members as the cumulative number of Members that have registered for the CLEAR platform since inception as of the end of the period. This includes Members who have enrolled through CLEAR+, trials, single-use product purchases, other non-paid uses of the CLEAR platform, and associated family accounts. Total CLEAR Members exclude members who are solely marketing opt-ins and purged accounts, and are adjusted to remove identified duplicate non-paid accounts. Management views this metric as an important tool to analyze the efficacy of our growth and marketing initiatives as new Members are potentially a current and leading indicator of revenues.

Active CLEAR+ Members

We define Active CLEAR+ Members as the number of members with an active CLEAR+ subscription as of the end of the period. This includes CLEAR+ members who have an activated payment method, plus associated family accounts and is inclusive of Members who are in a trial or in a billing grace period. Management views this as an important tool to measure the growth of its CLEAR+ product.

Prior period Active CLEAR+ Members have been recast to reflect the removal of certain lapsed accounts identified in connection with a billing system transformation project undertaken during 2025. This recast had no impact on our consolidated financial statements or non-GAAP financial measures.  There has been no other change in the calculation of Active CLEAR+ Members.

CLEAR SECURE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(dollars in thousands, except share and per share data)

June 30,
2026

December 31,
2025

Assets

Current assets:

Cash and cash equivalents

$       128,228

$        85,734

Marketable securities

831,040

614,439

Accounts receivable

1,263

1,925

Prepaid revenue share fee

31,347

29,679

Prepaid expenses and other current assets

31,656

32,837

Total current assets

1,023,534

764,614

Property and equipment, net

62,714

59,331

Right of use asset, net

97,215

100,048

Intangible assets, net

2,528

2,753

Goodwill

62,684

62,684

Restricted cash

2,852

2,764

Other assets

326,805

311,198

Total assets

$     1,578,332

$     1,303,392

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$         6,175

$         7,156

Accrued liabilities

404,692

236,543

Deferred revenue

572,989

516,201

Total current liabilities

983,856

759,900

Other long term liabilities

351,313

339,107

Total liabilities

1,335,169

1,099,007

Commitments and contingencies

Class A Common Stock, $0.00001 par value - 1,000,000,000 shares authorized; 101,961,485 and
101,940,628 shares issued and outstanding, respectively, as of June 30, 2026 and 97,988,039 and
97,986,631 shares issued and outstanding as of December 31, 2025

1

1

Class B Common Stock, $0.00001 par value - 100,000,000 shares authorized; 151,787 shares issued
and outstanding as of June 30, 2026 and 351,787 shares issued and outstanding as of December 31, 2025

—

—

Class C Common Stock, $0.00001 par value - 200,000,000 shares authorized; 14,246,787 shares
issued and outstanding as of June 30, 2026 and 15,745,891 shares issued and outstanding as of
December 31, 2025

—

—

Class D Common Stock, $0.00001 par value - 100,000,000 shares authorized; 18,380,246 shares
issued and outstanding as of June 30, 2026 and 19,130,246 shares issued and outstanding as of
December 31, 2025

—

—

Accumulated other comprehensive (loss) income

(753)

840

Treasury stock at cost, 0 shares as of June 30, 2026 and December 31, 2025

—

—

Retained earnings

158,350

119,791

Additional paid-in capital

48,645

57,102

Total stockholders' equity attributable to Clear Secure, Inc.

206,243

177,734

Non-controlling interests

36,920

26,651

Total stockholders' equity

243,163

204,385

Total liabilities and stockholders' equity

$     1,578,332

$     1,303,392

 CLEAR SECURE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(dollars in thousands, except share and per share data)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue

$       277,757

$       219,467

$       530,760

$       430,835

Operating expenses:

Cost of revenue share fee

39,289

31,198

76,167

60,765

Cost of direct salaries and benefits

47,997

47,699

96,249

98,441

Research and development

17,772

18,229

37,223

37,228

Sales and marketing

17,152

14,485

33,106

27,871

General and administrative

65,934

58,532

129,571

113,270

Depreciation and amortization

6,661

6,768

13,491

13,300

Operating income

82,952

42,556

144,953

79,960

Other income (expense):

Interest income, net

7,932

5,805

14,693

11,958

Other income (expense), net

471

(4,055)

2,454

(3,607)

Income before tax

91,355

44,306

162,100

88,311

Income tax expense

(19,045)

(6,431)

(33,406)

(11,853)

Net income

72,310

37,875

128,694

76,458

Less: net income attributable to non-controlling interests

22,260

13,153

39,849

26,331

Net income attributable to Clear Secure, Inc.

$        50,050

$        24,722

$        88,845

$        50,127

Net income per share of Class A Common Stock and Class B
Common Stock

Net income per common share basic, Class A

$           0.50

$           0.26

$           0.89

$           0.53

Net income per common share basic, Class B

$           0.50

$           0.26

$           0.89

$           0.53

Net income per common share diluted, Class A

$           0.49

$           0.26

$           0.87

$           0.52

Net income per common share diluted, Class B

$           0.49

$           0.26

$           0.87

$           0.52

Weighted-average shares of Class A Common Stock outstanding, basic

100,694,482

92,990,661

99,954,645

94,150,710

Weighted-average shares of Class B Common Stock outstanding, basic

151,787

612,443

229,135

644,659

Weighted-average shares of Class A Common Stock outstanding, diluted

102,768,573

94,418,159

102,037,728

95,667,917

Weighted-average shares of Class B Common Stock outstanding, diluted

151,787

612,443

229,135

644,659

CLEAR SECURE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(dollars in thousands)

Six Months Ended June 30,

2026

2025

Operating activities:

Net income

$       128,694

$        76,458

Adjustments to reconcile net income to net cash provided from operating activities:

Depreciation of property and equipment

13,266

11,142

Amortization of intangible assets

225

2,158

Noncash lease expense

3,161

3,219

Impairment of strategic investment

—

4,719

Equity-based compensation

22,399

18,091

Deferred income tax

18,296

934

Amortization of revolver loan costs

66

66

Gain on divestiture of a business

—

(635)

Premium amortization and (discount accretion), net on marketable securities

(873)

(85)

Changes in operating assets and liabilities:

Accounts receivable

662

(708)

Prepaid expenses and other assets

2,096

6,683

Prepaid revenue share fee

(1,668)

795

Accounts payable

(702)

(6,871)

Accrued and other long term liabilities

151,999

112,439

Deferred revenue

56,788

(824)

Operating lease liabilities

(2,885)

(6,250)

Net cash provided by operating activities

$       391,524

$       221,331

Investing activities:

Purchases of marketable securities

(568,346)

(242,914)

Sales of marketable securities

349,894

269,466

Proceeds from divestiture

—

2,700

Purchase of strategic investment

—

(514)

Purchases of property and equipment

(17,059)

(12,147)

Net cash (used in) provided by investing activities

$      (235,511)

$        16,591

Financing activities:

Repurchase of Class A Common Stock

(1,238)

(126,345)

Payment of dividend

(30,181)

(23,502)

Payment of special dividend

(20,105)

(25,316)

Distributions to members

(9,875)

(9,839)

Tax distribution to members

(17,229)

(25,986)

Payment of taxes on net settled stock-based awards

(20,303)

(4,939)

Debt issuance costs

(325)

—

Payments under tax receivable agreements

(14,254)

(334)

Net cash used in financing activities

$      (113,510)

$      (216,261)

Net increase (decrease) in cash, cash equivalents, and restricted cash

42,503

21,661

Cash, cash equivalents, and restricted cash, beginning of period

88,498

70,348

Exchange rate effect on cash and cash equivalents, and restricted cash

79

70

Cash, cash equivalents, and restricted cash, end of period

$       131,080

$        92,079

Non-GAAP Financial Measures 

In addition to our results as determined in accordance with GAAP, we disclose Adjusted EBITDA, Adjusted EBITDA Margin, and Free Cash Flow as non-GAAP financial measures that management believes provide useful information to investors. These measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for net income, net income margin, net cash provided by (used in) operating activities or any other operating performance measure calculated in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies. Our Non-GAAP financial measures are expressed in thousands, unless otherwise indicated. We periodically reassess the components of our Non-GAAP adjustments for changes in how we evaluate our performance and changes in how we make financial and operational decisions to ensure the adjustments remain relevant and meaningful.

Adjusted EBITDA and Adjusted EBITDA Margin

We define Adjusted EBITDA as net income adjusted for income taxes, interest (income), net, depreciation and amortization, impairment and losses on asset disposals, equity-based compensation expense, net other (income) expense excluding sublease rental income, acquisition-related costs and changes in fair value of contingent consideration. We define Adjusted EBITDA Margin as Adjusted EBITDA expressed as percentage of revenue. Adjusted EBITDA and Adjusted EBITDA Margin are important financial measures used by management and our board of directors ("Board") to evaluate business performance. We believe Adjusted EBITDA and Adjusted EBITDA Margin assist investors in evaluating the performance of the Company's core operations by excluding certain items that impact the comparability of results from period to period.

Free Cash Flow

We define Free Cash Flow as net cash (used in) provided by operating activities adjusted for purchases of property. We believe Free Cash Flow provides useful information to management and investors about the Company's liquidity and cash flow trends. With regards to our CLEAR+ subscription service, we generally collect cash from our Members upfront for annual subscriptions. As a result, when the business is growing Free Cash Flow can be a real time indicator of the current trajectory of the business. 

See below for reconciliations of these non-GAAP financial measures to their most comparable GAAP measures.

Cautionary Note Concerning Forward-Looking Statements

This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's future financial or business performance, strategies or expectations, and as such are not historical facts. This includes, without limitation, statements regarding the Company's financial position, capital structure, business strategy and plans and objectives of management for future operations, as well as statements regarding business momentum, growth, anticipated demand for our products and services and our business prospects during 2026, as well as expected impacts from our pricing actions, and our guidance for the third quarter and full year 2026.  In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "guidance," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "target," "will" or "would" or the negative of these words or other similar terms or expressions, although not all forward-looking statements contain these identifying words.

The forward-looking statements contained in this release are based on current expectations and beliefs concerning future developments and their potential effects on the Company. Investors are cautioned that any and such forward looking statement are not guarantees of future performance or results and involve risks and uncertainties (some of which are beyond the Company's control), and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including but not limited to: risks relating to adding and retaining Members and partners, including Active CLEAR+ Members, or failing to increase the utilization of our platform; our inability to meet stakeholder expectations or maintain the value and reputation of our brand; failure to successfully compete, and the highly competitive market in which we operate; risks associated with the increased adoption of new technological solutions and services, including first-party identity verification solutions and credential authentication solutions; public confidence in, and acceptance of, identity platforms and biometrics generally, and our platform specifically; failure to successfully implement strategies to increase adoption of our platform or expand into new verticals; risks associated with our commercial agreements and strategic alliances, as well as potential indemnification obligations and certain of our agreements with first parties; risks related to the dependence of portions of our business and results of operations on concessionaire agreements; risks associated with our growth and ability to develop and introduce platform features and offerings, and the need for adequate research and development resources; risks associated with any decline or disruption in the travel industry or a general economic downturn; risks related to our need for additional capital to support our business growth and objectives, and risks that this capital may not be available to us on reasonable terms (or at all) and may result in shareholder dilution; risks associated with acquisitions and other strategic transactions; the need for high-quality personnel; risks associated with the complexity of our platform, including the negative impacts of any errors, system failures or the successful implementation of upgrades or new technology; the risk that our marketing efforts may not be effective; risks associated with changes in the Internet browsers and mobile device accessibility of Members; the ability to maintain our corporate culture; risks associated with payment processing; risks relating to prospective public private partnerships in airports; potential adverse impacts of climate change; our limited experience operating outside of the United States and risks associated with international operations; risks associated with breaches of our information technology systems or those of first parties upon which we rely, protection of our intellectual property, technology and confidential information and failures by first-party technology and devices on which our business relies; our reliance on first-party technology and information systems and our ability to find alternatives if such technology and information systems fail; potential liability due to the infringement on first-party intellectual property by technologies that we incorporate into our products; our ability to meet the standards set for our airport operations by governmental stakeholders; the risk that we may be sued by first parties for alleged infringement, misappropriation or other violations of intellectual property and other proprietary rights; risks associated with the actual or perceived failure to comply with applicable biometrics, artificial intelligence, health information and data privacy laws; failure to comply with the constantly evolving laws and regulations that we are or may become subject to; potential legal proceedings, regulatory disputes and governmental inquiries; coverage afforded under our insurance policies may be inadequate; risks associated with the use of "open source" software; limitations of the SAFETY Act's liability protections; risks associated with our financial performance, including the risk of increased expenses and net losses in the near term and our ability to achieve or sustain profitability in the future; the failure of our estimates or judgments relating to our critical accounting policies; the risk that our focus on delivering a safe, reliable, predictable and frictionless Member experience may not maximize short-term financial results, which may yield results that conflict with the market's expectations and could result in our stock price being negatively affected; risks associated with our structure as a holding company, and our reliance on Alclear Holdings, LLC for certain distributions; risks associated with dividend payments and share repurchases; risks associated with our organizational structure, including those related to our Tax Receivable Agreement; the control of the Company by our co-founder, whose interests in our business may be different than those of our other stockholders; restrictions under our Credit Agreement; the unpredictable nature of tax attributes that will impact our tax treatment; substantial future sales of shares of our Class A Common Stock could cause our stock price to fall; failure to maintain adequate internal controls; the risk that provisions in our charter documents and certain rules imposed by regulatory authorities may delay or prevent our acquisition by a first party; the volatility of our stock price; risks related to the founder performance-based restricted stock unit awards granted at the time of our initial public offering; future issuances of securities, including preferred securities, the terms of which could adversely affect the voting power or value of our Common Stock; and other risks and uncertainties indicated in the Company's Securities and Exchange Commission (the "SEC") common stock reports or documents filed or to be filed with the SEC. Forward-looking statements included in this release speak only as of the date of this release or any earlier date specified for such statements. The Company disclaims any obligation to update any forward looking statements contained herein. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on the Company's behalf may be qualified in their entirety by this Cautionary Note Concerning Forward-Looking Statements .

Reconciliation of Net Income to Adjusted EBITDA and Net Income Margin to Adjusted EBITDA Margin:

Three Months Ended June 30,

Six Months Ended June 30,

(In thousands)

2026

2025

2026

2025

Net income

$      72,310

$      37,875

$    128,694

$      76,458

Income tax expense

19,045

6,431

33,406

11,853

Interest (income), net

(7,932)

(5,805)

(14,693)

(11,958)

Other (income) expense, net

(26)

4,499

(1,564)

4,504

Depreciation and amortization

6,661

6,768

13,491

13,300

Equity-based compensation expense

11,088

10,292

22,399

18,091

Adjusted EBITDA

$    101,146

$     60,060

$    181,733

$    112,248

Revenue

$    277,757

$    219,467

$    530,760

$    430,835

Net income Margin

26.0 %

17.3 %

24.2 %

17.7 %

Adjusted EBITDA Margin

36.4 %

27.4 %

34.2 %

26.1 %

Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow:

Three Months Ended June 30,

Six Months Ended June 30,

(In thousands)

2026

2025

2026

2025

Net cash provided by operating activities

$       201,168

$       122,984

$       391,524

$       221,331

Purchases of property and equipment

(12,186)

(5,063)

(17,059)

(12,147)

Free Cash Flow

$       188,982

$       117,921

$       374,465

$       209,184

Investor Contact
CLEAR
[email protected]

Media Contact
CLEAR
[email protected]

SOURCE CLEAR

Caryn Seidman Becker, Chief Executive Officer of Clear Secure, Inc. (YOU +8.45%), reported a sale of ~121,000 shares of Class A Common Stock on July 14, 2026 and July 16, 2026, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$6.4 millionShares sold (indirectly held)120,640Post-transaction shares (directly held)630,890Post-transaction shares (indirectly held)151,787Post-transaction value$42.60 millionTransaction value based on SEC Form 4 weighted average sale price ($53.40); post-transaction value based on July 16, 2026 market close ($54.43).

Key questionsWhat was the nature of this disposition?
The transaction was executed via Alclear Investments, LLC, an entity controlled by Seidman Becker. It involved the exercise of 120,640 options that were immediately sold as Class A Common Stock to fulfill the requirements of a Rule 10b5-1 trading plan adopted in March of 2026.How has the stock performed relative to this activity?
Shares were priced at $53.40 at the time of the transaction, while the company has delivered an 84% return over the 12 months ending July 16, 2026. As of the July 16, 2026 market close, the stock was priced at $54.43.What is the current financial profile of Clear Secure?
Clear Secure maintains a market capitalization of $5.5 billion and reported trailing twelve-month revenue of $942.4 million and net income of $122.6 million. The company employs 3,301 full-time personnel across its New York City-based operations.Does the CEO maintain a significant equity stake?
Yes, following this transaction, Seidman Becker retains a total of 782,677 shares across direct and indirect holdings. Furthermore, the CEO maintains substantial equity exposure through ~18.2 million indirect derivative securities held through Alclear Investments.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$54.65Market Capitalization$5.5 billionRevenue (TTM)$942.4 millionNet Income (TTM)$122.6 millionCompany SnapshotClear Secure operates a secure identity-verification platform with CLEAR Plus as its primary revenue-generating subscription service, offering air travelers expedited airport security access and a comprehensive network of member benefits.The company generates revenue through recurring subscription fees from its membership-based model, which provides members with streamlined identity enrollment, verification, and linking services across multiple touchpoints.Clear Secure primarily targets frequent air travelers and business professionals seeking to reduce time spent in airport security lines, with expansion opportunities across additional identity verification use cases and verticals.Clear Secure, Inc. operates a sophisticated identity-verification platform, demonstrating strong profitability with trailing 12-month net income of $122.6 million. The company's subscription-based business model leverages recurring revenue streams from its CLEAR Plus membership service, providing a predictable revenue base and high customer lifetime value.

Clear Secure maintains a competitive advantage through its proprietary identity verification technology, established member network, and strategic positioning within the critical airport security ecosystem.

What this transaction means for investorsThe sale of 120,640 Clear Secure shares by CEO Caryn Seidman Becker through Alclear Investments, which she owns, came at a time when the stock had nearly doubled from the 52-week low of $28.39 reached last August. Seidman Becker sold for a weighted average price of $53.40.

Even so, her sale does not suggest a cause for investor concern, given it was a non-discretionary transaction executed automatically as part of a pre-established Rule 10b5-1 plan. Such plans allow insiders to sell shares at predetermined times to avoid concerns of trading on non-public information.

In addition, the disposition involved converting 120,640 Class C shares into Class A and selling them. This tactic is a fairly common practice adopted by executives.

Moreover, Seidman Becker maintains a sizable equity stake in the company post-transaction, indicating her alignment with shareholder interests. Her Alclear Investments holds over 18 million derivative securities, while she retains over 600,000 directly-held shares.

Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Clear Secure. The Motley Fool has a disclosure policy.

Clear Secure (YOU - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this airport security company have returned -2.5% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Internet - Software industry, to which Clear Secure belongs, has gained 5.5% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Clear Secure is expected to post earnings of $0.40 per share, indicating a change of +53.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -11.3% over the last 30 days.

The consensus earnings estimate of $1.61 for the current fiscal year indicates a year-over-year change of +43.8%. This estimate has changed -9.6% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $1.93 indicates a change of +19.9% from what Clear Secure is expected to report a year ago. Over the past month, the estimate has changed -14.2%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Clear Secure.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Clear Secure, the consensus sales estimate of $269.9 million for the current quarter points to a year-over-year change of +23%. The $1.09 billion and $1.26 billion estimates for the current and next fiscal years indicate changes of +20.5% and +15.7%, respectively.

Last Reported Results and Surprise HistoryClear Secure reported revenues of $253 million in the last reported quarter, representing a year-over-year change of +19.7%. EPS of $0.38 for the same period compares with $0.32 a year ago.

Compared to the Zacks Consensus Estimate of $244.73 million, the reported revenues represent a surprise of +3.38%. The EPS surprise was +8.57%.

Over the last four quarters, Clear Secure surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Clear Secure is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Clear Secure. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

, /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, today announced that it will report financial results for the second quarter ending June 30, 2026 at approximately 6:00 a.m. ET on Wednesday, August 5, 2026. At 8:00 a.m. ET, results will be discussed via live webcast and teleconference.

Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1 215-268-9854 for international participants. Listeners can access the live webcast HERE. A webcast replay will be available after the event on the investor relations website at https://ir.clearme.com.

About CLEAR
The mission of CLEAR, the secure identity company, is to strengthen security and create frictionless experiences. With over 41 million Members and a growing network of partners across the world, CLEAR's secure identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you—making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we do not sell biometric or sensitive personal data. For more information, visit clearme.com.

Investor Contact
[email protected]

Media Contact
[email protected]

SOURCE CLEAR

Clear Secure (YOU - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this airport security company have returned +9.9%, compared to the Zacks S&P 500 composite's +4.3% change. During this period, the Zacks Internet - Software industry, which Clear Secure falls in, has gained 11.1%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Clear Secure is expected to post earnings of $0.44 per share for the current quarter, representing a year-over-year change of +69.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.7%.

The consensus earnings estimate of $1.79 for the current fiscal year indicates a year-over-year change of +59.8%. This estimate has changed +0.3% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $2.27 indicates a change of +26.8% from what Clear Secure is expected to report a year ago. Over the past month, the estimate has changed +0.9%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Clear Secure is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Clear Secure, the consensus sales estimate for the current quarter of $270.25 million indicates a year-over-year change of +23.1%. For the current and next fiscal years, $1.1 billion and $1.29 billion estimates indicate +22.2% and +17.2% changes, respectively.

Last Reported Results and Surprise HistoryClear Secure reported revenues of $253 million in the last reported quarter, representing a year-over-year change of +19.7%. EPS of $0.38 for the same period compares with $0.32 a year ago.

Compared to the Zacks Consensus Estimate of $244.73 million, the reported revenues represent a surprise of +3.38%. The EPS surprise was +8.57%.

Over the last four quarters, Clear Secure surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Clear Secure is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Clear Secure. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Clear Secure (YOU - Free Report) closed the most recent trading day at $55.91, moving -1.46% from the previous trading session. This change lagged the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.16%.

Coming into today, shares of the airport security company had gained 3.2% in the past month. In that same time, the Computer and Technology sector gained 0.38%, while the S&P 500 gained 2.14%.

The upcoming earnings release of Clear Secure will be of great interest to investors. It is anticipated that the company will report an EPS of $0.44, marking a 69.23% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $270.25 million, up 23.14% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.79 per share and revenue of $1.1 billion, indicating changes of +59.82% and +22.22%, respectively, compared to the previous year.

Any recent changes to analyst estimates for Clear Secure should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.28% higher within the past month. Currently, Clear Secure is carrying a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Clear Secure has a Forward P/E ratio of 31.79 right now. This indicates a premium in contrast to its industry's Forward P/E of 19.77.

The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.

However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.

Our proprietary system currently recommends Clear Secure (YOU - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.

Here are three of the most important factors that make the stock of this airport security company a great growth pick right now.

Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Clear Secure is 137.3%, investors should actually focus on the projected growth. The company's EPS is expected to grow 59.4% this year, crushing the industry average, which calls for EPS growth of 23.7%.

Impressive Asset Utilization RatioGrowth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric shows how efficiently a firm is utilizing its assets to generate sales.

Right now, Clear Secure has an S/TA ratio of 0.75, which means that the company gets $0.75 in sales for each dollar in assets. Comparing this to the industry average of 0.61, it can be said that the company is more efficient.

While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Clear Secure looks attractive from a sales growth perspective as well. The company's sales are expected to grow 22.2% this year versus the industry average of 8.4%.

Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

There have been upward revisions in current-year earnings estimates for Clear Secure. The Zacks Consensus Estimate for the current year has surged 0.3% over the past month.

Bottom LineWhile the overall earnings estimate revisions have made Clear Secure a Zacks Rank #1 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination positions Clear Secure well for outperformance, so growth investors may want to bet on it.

In the latest close session, Clear Secure (YOU - Free Report) was up +1.56% at $56.03. This change outpaced the S&P 500's 1.18% gain on the day. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 2.07%.

Shares of the airport security company have depreciated by 0.5% over the course of the past month, outperforming the Computer and Technology sector's loss of 5.33%, and the S&P 500's loss of 2.9%.

Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. The company is expected to report EPS of $0.43, up 65.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $270.16 million, indicating a 23.1% upward movement from the same quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.78 per share and a revenue of $1.1 billion, indicating changes of +58.93% and +22.04%, respectively, from the former year.

Investors should also pay attention to any latest changes in analyst estimates for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Clear Secure presently features a Zacks Rank of #2 (Buy).

Looking at valuation, Clear Secure is presently trading at a Forward P/E ratio of 30.99. Its industry sports an average Forward P/E of 18.67, so one might conclude that Clear Secure is trading at a premium comparatively.

The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 33% echelons of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

CLEAR1 helps organizations verify callers before they reach a live agent, reducing fraud and streamlining support operations

, /PRNewswire/ -- CLEAR® (NYSE: YOU), the secure identity company, today announced an integration with Amazon Web Services (AWS) to bring CLEAR1, CLEAR's secure identity platform, to contact centers powered by Amazon Connect. The integration allows organizations to verify a caller's identity before or during a support interaction, designed to help reduce fraud and streamline contact center operations.

Contact centers are a critical touchpoint for customer support, but they can also be vulnerable to fraud, impersonation, and high-friction verification processes. With CLEAR1 and Amazon Connect, organizations can add identity verification earlier in the support journey before customers speak with an agent, helping teams handle sensitive requests with greater confidence and reduce time spent on manual verification steps.

"We're proud to partner with Amazon Web Services to bring our secure identity platform to contact centers at scale," said Brett Romanoff, EVP, CLEAR1. "By integrating CLEAR1 into Amazon Connect, organizations can strengthen protection against fraud while creating a more seamless experience for both agents and customers."

When a customer calls a support center powered by Amazon Connect, they can choose to verify their identity through CLEAR. If they opt in, they receive a secure SMS link to complete verification on their phone. Once verified, the call is routed to an agent, who receives the verification result in real time, helping teams move more quickly and confidently on requests such as password resets, account updates, and other high-risk actions.

"Customers expect fast, easy support the moment they call in," said Amy Belcher, Director, Global ISV Partners, AWS. "With CLEAR1 and Amazon Connect, organizations can verify callers in seconds, eliminate repetitive security questions, and let agents focus on what matters most: solving customer problems."

About CLEAR
The mission of CLEAR, the secure identity company, is to strengthen security and create frictionless experiences. With over 41 million Members and a growing network of partners across the world, CLEAR's secure identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you—making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we do not sell biometric or sensitive personal data. For more information, visit clearme.com.

Forward-Looking Statements
This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This includes, without limitation, statements regarding the expected benefits, performance, capabilities, availability, and market adoption of CLEAR1 and its integration with Amazon Connect, including the ability to enhance identity verification, reduce fraud, streamline contact center operations, and improve customer and agent experiences. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including customer adoption of the Company's products and services, the successful implementation and performance of the integration, changes in market conditions, and those described in the Company's filings within the Securities and Exchange Commission, including the sections titled "Risk Factors" in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.

CLEAR
[email protected]

SOURCE CLEAR

Clear Secure (YOU - Free Report) closed at $52.73 in the latest trading session, marking a +1.48% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.44%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.

Coming into today, shares of the airport security company had lost 13.49% in the past month. In that same time, the Computer and Technology sector gained 0.98%, while the S&P 500 gained 0.08%.

Analysts and investors alike will be keeping a close eye on the performance of Clear Secure in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.43, marking a 65.38% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $270.16 million, reflecting a 23.1% rise from the equivalent quarter last year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.78 per share and revenue of $1.1 billion, indicating changes of +58.93% and +22.04%, respectively, compared to the previous year.

It is also important to note the recent changes to analyst estimates for Clear Secure. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Clear Secure is currently a Zacks Rank #2 (Buy).

Investors should also note Clear Secure's current valuation metrics, including its Forward P/E ratio of 29.19. This denotes a premium relative to the industry average Forward P/E of 18.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Clear Secure (YOU - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this airport security company have returned -12.7% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Internet - Software industry, to which Clear Secure belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Clear Secure is expected to post earnings of $0.43 per share for the current quarter, representing a year-over-year change of +65.4%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

For the current fiscal year, the consensus earnings estimate of $1.78 points to a change of +58.9% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $2.25 indicates a change of +26.2% from what Clear Secure is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Clear Secure is rated Zacks Rank #2 (Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Clear Secure, the consensus sales estimate of $270.16 million for the current quarter points to a year-over-year change of +23.1%. The $1.1 billion and $1.28 billion estimates for the current and next fiscal years indicate changes of +22% and +16.5%, respectively.

Last Reported Results and Surprise HistoryClear Secure reported revenues of $253 million in the last reported quarter, representing a year-over-year change of +19.7%. EPS of $0.38 for the same period compares with $0.32 a year ago.

Compared to the Zacks Consensus Estimate of $244.73 million, the reported revenues represent a surprise of +3.38%. The EPS surprise was +8.57%.

Over the last four quarters, Clear Secure surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Clear Secure is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Clear Secure. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

NEW YORK, May 6, 2026 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, has released financial results for the first quarter 2026 on its Investor Relations website at https://ir.clearme.com. First Quarter Financial Highlights (percentage change is expressed as year-over-year, unless otherwise specified) Revenue of $253.0 million was up 19.7%; Total Bookings of $291.7 million increased 40.8% Operating income of $62.0 million, representing a 24.5% operating income margin Net income of $56.4 million, representing a 22.3% net income margin Adjusted EBITDA of $80.6 million, representing a 31.9% Adjusted EBITDA margin and 720 basis points of year-over-year margin expansion Earnings per Common Share Basic and Diluted of $0.39 and $0.38, respectively Net cash provided by operating activities of $190.4 million; Free Cash Flow of $185.5 million Operational Achievements Total CLEAR Members grew to 41.0 million, up 31.3% year-over-year and Active CLEAR+ Members grew to 8.2 million, up 13.0% year-over-year 60 CLEAR+ airports, and 277 retail locations with TSA PreCheck® Enrollment Provided by CLEAR as of March 31, 2026 eGates launched across 43 airports as of today; on track for network wide rollout in 2026 CLEAR Concierge, a premium, personalized on-demand airport service now offered at 32 airports CLEAR1 delivered another record quarter, with bookings increasing approximately fivefold year-over-year, underscoring its strong growth trajectory Capital Allocation Activities Approximately $56.4 million returned to shareholders in the first quarter of 2026, related to our regular quarterly dividend of $0.15 per share, a special dividend of $0.20 per share, distributions and $1.2 million share repurchases Clear Secure, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share, payable on June 24, 2026 to shareholders of record of Class A Common Stock and Class B Common Stock as of the close of business on June 10, 2026 Second Quarter and Full Year 2026 Guidance Second quarter 2026 Revenue of $268-271 million, representing 22.8% year-over-year growth at the midpoint Second quarter 2026 Total Bookings of $280-285 million, representing 26.7% year-over-year growth at the midpoint Full Year 2026 Free Cash Flow guidance increased from at least $440 million to at least $465 million, representing at least 35.5% year-over-year growth "The seeds we planted to build the world's most trusted, secure identity platform are taking hold at a critical moment.

Clear Secure, Inc. (YOU) Q1 2026 Earnings Call Transcript

Clear Secure (YOU - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this airport security company have returned +17.3% over the past month versus the Zacks S&P 500 composite's +8.8% change. The Zacks Internet - Software industry, to which Clear Secure belongs, has gained 3.9% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Clear Secure is expected to post earnings of $0.39 per share for the current quarter, representing a year-over-year change of +50%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

For the current fiscal year, the consensus earnings estimate of $1.62 points to a change of +44.6% from the prior year. Over the last 30 days, this estimate has changed +0.2%.

For the next fiscal year, the consensus earnings estimate of $1.98 indicates a change of +22.6% from what Clear Secure is expected to report a year ago. Over the past month, the estimate has changed -7.9%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Clear Secure is rated Zacks Rank #2 (Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Clear Secure, the consensus sales estimate of $270.16 million for the current quarter points to a year-over-year change of +23.1%. The $1.1 billion and $1.28 billion estimates for the current and next fiscal years indicate changes of +22% and +16.5%, respectively.

Last Reported Results and Surprise HistoryClear Secure reported revenues of $253 million in the last reported quarter, representing a year-over-year change of +19.7%. EPS of $0.38 for the same period compares with $0.32 a year ago.

Compared to the Zacks Consensus Estimate of $244.73 million, the reported revenues represent a surprise of +3.38%. The EPS surprise was +8.57%.

Over the last four quarters, Clear Secure surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Clear Secure is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Clear Secure. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

Clear Secure (YOU - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, YOU crossed above the 20-day moving average, suggesting a short-term bullish trend.

A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.

The 20-day moving average can show signals that are similar to other SMAs as well. If a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.

Shares of YOU have been moving higher over the past four weeks, up 9.9%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that YOU could be poised for a continued surge.

Once investors consider YOU's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 1 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.

Investors may want to watch YOU for more gains in the near future given the company's key technical level and positive earnings estimate revisions.

CLEAR and GDIT will deliver secure digital identity management solutions to federal health and civilian agencies NEW YORK, May 20, 2026 /PRNewswire/ -- CLEAR (NYSE: YOU), the security identity company, and General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE: GD), today announced a strategic collaboration agreement to deliver secure digital identity management and verification solutions for federal health and civilian agencies. Under this agreement, CLEAR has selected GDIT as its preferred federal systems integrator for delivering CLEAR1, CLEAR's secure identity platform, into complex mission environments.

Morgan Stanley stock is in a buy zone of a base. A biometric identity name hit a new high after rebounding following a sell signal.

Users can now add a US passport to Samsung Wallet for seamless, secure travel NEW YORK, May 26, 2026 /PRNewswire/ -- CLEAR (NYSE: YOU), the secure identity company, today announced a partnership with Samsung Electronics America to launch Samsung ID with CLEAR. Together, Samsung and CLEAR are providing a safe, secure, and free mobile digital ID designed to simplify users' busy lives – available directly in Samsung Wallet.

Does Clear Secure (YOU) have what it takes to be a top stock pick for momentum investors? Let's find out.

Clear Secure (YOU - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this airport security company have returned -6.3% over the past month versus the Zacks S&P 500 composite's +5.5% change. The Zacks Internet - Software industry, to which Clear Secure belongs, has gained 5.9% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Clear Secure is expected to post earnings of $0.43 per share for the current quarter, representing a year-over-year change of +65.4%. Over the last 30 days, the Zacks Consensus Estimate has changed +8.5%.

The consensus earnings estimate of $1.78 for the current fiscal year indicates a year-over-year change of +58.9%. This estimate has changed +10.1% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $2.25 indicates a change of +26.2% from what Clear Secure is expected to report a year ago. Over the past month, the estimate has changed +13.6%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Clear Secure.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Clear Secure, the consensus sales estimate for the current quarter of $270.16 million indicates a year-over-year change of +23.1%. For the current and next fiscal years, $1.1 billion and $1.28 billion estimates indicate +22% and +16.5% changes, respectively.

Last Reported Results and Surprise HistoryClear Secure reported revenues of $253 million in the last reported quarter, representing a year-over-year change of +19.7%. EPS of $0.38 for the same period compares with $0.32 a year ago.

Compared to the Zacks Consensus Estimate of $244.73 million, the reported revenues represent a surprise of +3.38%. The EPS surprise was +8.57%.

Over the last four quarters, Clear Secure surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Clear Secure is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Clear Secure. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.