The combination of accelerating revenue growth, record margins, strong FCF generation, and capital return enhancements suggests operational leverage is improving. Traders should monitor whether the company can maintain this momentum, especially given the raised 2026 FCF guidance.
Price Chart
Executive Summary
Clear Secure (YOU) reported strong Q4 and full-year 2025 results with revenue up 16.7% YoY to $240.8 million and full-year revenue of $900.8 million, up 16.9%. The company delivered record profitability and raised its dividend while increasing its share repurchase program. It also issued bullish 2026 guidance, including at least 28.2% YoY growth in free cash flow.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $240.8 million (+16.7% YoY)
- Full-year 2025 revenue: $900.8 million (+16.9% YoY)
- Adjusted EBITDA margin expanded 870 bps YoY to 33.2% in Q4
- Full-year free cash flow: $343.1 million
- 2026 FCF guidance: at least $440 million (+28.2% YoY)
- Declared 20% higher quarterly dividend and a special dividend
- Increased share repurchase authorization by $125 million to $250.3 million remaining
Financial Impact
Revenue growth of ~17%, significant margin expansion, and FCF growth of at least 28% in 2026
Segment Breakdown
| Segment |
|---|
| CLEAR Travel |
| CLEAR1 |
Risk Factors
- Valuation could become stretched if growth expectations are not met
- Heavy reliance on travel industry trends and consumer spending on premium services
- Competition in identity verification and airport security services
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001856314-26-000004 |
| Document: you-20260225.htm | 0001856314-26-000004 |
| Document: 0001856314-26-000004-index-headers.html | 0001856314-26-000004 |
| Document: 0001856314-26-000004-index.html | 0001856314-26-000004 |
| Document: 0001856314-26-000004.txt | 0001856314-26-000004 |
| CONTEXT: Previous Earnings (2026-02-25) | 0001856314-26-000004 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $45.62 | awaiting T+5 | — | $45.86 (+0.53%) |
Oct 21, 2026 6d ago | Press Release | $45.14 | awaiting T+5 | — | $45.86 (+1.60%) |
Sep 16, 2026 5w ago | 8-K | $40.67 $38.90 | ▼ −4.35% | ▼ −6.92% | $45.86 (+12.76%) |
Sep 3, 2026 7w ago | Insider Cluster | $44.33 $42.24 | ▼ −4.71% | ▼ −3.51% | $45.86 (+3.45%) |
Aug 7, 2026 11w ago | Insider Cluster | $51.21 $43.84 | ▼ −14.39% | ▼ −14.35% | $45.86 (−10.45%) |
Aug 5, 2026 11w ago | 8-K | $56.46 $46.16 | ▼ −18.24% | ▼ −18.59% | $45.86 (−18.77%) |
Aug 5, 2026 11w ago | Press Release | $56.46 $46.16 | ▼ −18.24% | ▼ −18.59% | $45.86 (−18.77%) |
Jul 30, 2026 12w ago | 3 | $55.24 $51.29 | ▼ −7.15% | ▼ −10.66% | $45.86 (−16.98%) |
Jul 17, 2026 14w ago | Insider Cluster | $57.18 $52.24 | ▼ −8.64% | ▼ −8.21% | $45.86 (−19.80%) |
Jul 15, 2026 14w ago | Insider Cluster | $54.43 $51.85 | ▲ +4.74% | ▲ +3.07% | $45.86 (+15.74%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers