Clear Secure, Inc. Class A (YOU)

In the past six months, Clear Secure, Inc. stock has experienced several notable events and price movements. As of October 27, 2025, the stock closed at $31.84. Over the past month, the stock has fallen by 14.55%, underperforming the Computer and Technology sector and the S&P 500. The share price as of October 22, 2025, was $32.52, representing a 7.80% decline from $35.27 on October 23, 2024. Key financial events include strong Q1 2025 and Q2 2025 earnings reports, a share repurchase program, and a regular quarterly cash dividend declaration.

Demand for Clear Secure's products and services is highly likely to exhibit seasonality consistent with general travel patterns. This would typically mean higher demand during peak travel seasons such as summer holidays, Thanksgiving, and Christmas, and lower demand during off-peak travel periods. Recent reports indicate a general tourism decline in 2025 in some US states due to economic pressures and shifting international travel patterns, which would indirectly impact Clear Secure's travel-related services.

Clear Secure, Inc. operates a secure identity platform, primarily in the United States, focusing on identity verification through biometrics. The company operates within the Technology sector, specifically in the Software & IT Services industry, with a strong presence in travel technology and identity verification. The company's core business revolves around its proprietary biometric identity platform, which uses fingerprint and iris scans to verify identity for both digital and physical experiences. Major products and services include CLEAR Plus, RESERVE powered by CLEAR, Home to Gate, CLEAR1 (formerly CLEAR Verified), TSA PreCheck Enrollment Provided by CLEAR, and Sora ID.

Clear Secure's operations are primarily concentrated in the United States. The company has a presence in 62 locations, which include 52 airports and 10 Staples retail locations. Clear Secure plans to expand its in-airport presence to all 58 airports it currently serves, expecting to reach approximately 59 airports by year-end. Beyond airports, the company is also expanding its out-of-airport presence to venues such as the Oculus in New York and the Mall of America.

Clear Secure's brand reputation in the past year has been shaped by its continued expansion and strategic partnerships, alongside ongoing scrutiny regarding its security protocols and ethical considerations. Positive developments include a partnership with LinkedIn and continued expansion and innovation. However, the company has faced reputation challenges, including security incidents and ethical criticisms.

Clear Secure, Inc. has a mixed ownership structure comprising institutional, insider, and individual investors. As of October 28, 2025, institutional investors own 73.80% of the stock, while company insiders own 39.73%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., Durable Capital Partners LP, State Street Corp, Renaissance Technologies Llc, Arrowstreet Capital, Limited Partnership, and First Trust Advisors Lp. Significant individual and insider owners include Durable Capital Partners LP, General Atlantic LLC, Delta Air Lines Inc, Gapco Aiv Interholdco Ac LP, General Atlantic Partners Aiv Ac LP, General Atlantic LP, and Kenneth Cornick.