YOU at a glance
Clear Secure, Inc. (YOU, SEC CIK 1856314) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 16, 2026 and Form 4 insider filings as recently as September 30, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Clear Secure, Inc. (YOU) reported revenue of $900.8 million (up 16.9% from FY2024) and net income of $109.2 million.
- As of June 30, 2026, 33 institutional investment managers tracked by SignalX reported holding Clear Secure, Inc. (YOU) shares worth $3.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by McLaughlin Kyle on September 3, 2026 of 4,499 shares at $44.47 per share.
- In the last 90 days, YOU insiders reported 0 open-market purchases ($0) and 34 open-market sales ($73.6M) on Form 4, a net sale of $73.6M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $900.8M
- +16.9% vs prior year
- Insiders · 90 days
- 0 buys · 34 sells
- Net −$73.6M
- 13F holders
- 33 funds
- $3.1B · +2 vs prior quarter
- Latest 8-K
- Sep 16, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: secure identity platform connecting physical and digital experiences via CLEAR+ consumer travel subscriptions and B2B identity verification (CLEAR1)
- New emphasis on international travelers from 42 countries added to CLEAR+ offerings, expanding global addressable market in 2025
- Strategic expansion of CLEAR1 B2B partnerships targeting Healthcare, Workforce, and Government sectors with multi-layered identity verification
- Total CLEAR Members grew 31% YoY to 38 million with 3,708 Ambassadors and 166 CLEAR+ lanes across 60 airports nationwide
- Integration of 61 airports and 340 retail locations providing TSA PreCheck® Enrollment with CLEAR, plus priority lanes at 9 sports and entertainment venues
Risk Factors
- Regulatory/legal risk: Transition from LIBOR to SOFR benchmark mandated by Credit Agreement amendment, impacting interest rate exposure through June 28, 2026
- Financial risk: $100 million revolving credit facility with $67.8 million borrowing capacity unused as of Dec 31, 2025, no outstanding debt
- Operational risk: $174.3 million non-cancelable future lease payments for office space, including $15.0 million due within 12 months as of Dec 31, 2025
- Market disruption risk: Increased capital expenditures $17.3 million in 2025 for eGates deployment to improve Member experience, indicating tech-driven competition pressure
- Macroeconomic risk: $6.0 million committed marketing spend on sports stadiums through 2026, potentially exposed to fluctuating consumer attendance trends
Management Discussion & Analysis
- Revenue $900.8M, up 17% YoY (+$130.3M) from $770.5M driven by 6% increase in Active CLEAR+ Members and membership price increases
- Operating income $186.5M vs $123.2M in prior year, net income $168.1M vs $225.3M; adjusted EBITDA margin 29% vs 24% YoY
- Best segment: CLEAR+ subscriptions driving revenue growth; worst: Research & Development expense flat at $72.4M with no growth benefit
- Free Cash Flow $343.1M, up from $283.7M; Capex $29.3M; no specific dividend or buyback disclosed
- Management highlights growth in Total CLEAR Members +31% to 37,998K and warns risks from TSA checkpoint policy changes and macroeconomic factors impacting travel
AI summary of the YOU 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $277.8M, up $58.3M or 27% YoY, driven by 15% Active CLEAR+ Member growth and price increases
- Net income $72.3M, up $34.4M; net margin 26.0% vs 17.3% YoY
- Adjusted EBITDA margin 36.4% vs 27.4% YoY, with Adjusted EBITDA $101.1M vs $60.1M
- Operating cash flow $201.2M vs $123.0M; capital expenditures $12.2M vs $5.1M
- Total Bookings $295.9M, up 33% YoY; Active CLEAR+ Members 8.329M, up 15%
Risk Factors
- No material risk-factor changes from the Annual Report on Form 10-K
- Carried-forward risks may include additional unknown or currently immaterial risks becoming material
- Share repurchase execution risk, with $250.3 million remaining under authorization
- Equity dilution risk from issuance of 2,449,104 Class A shares to non-controlling interest holders
- Insider selling risk, with 13,872 shares subject to the Chief Accounting Officer’s Rule 10b5-1 plan
AI summary of the YOU 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- President Michael Barkin transitioning to advisory role October 15, 2026
- Barkin resigning from Board October 15 without operational or policy disagreement
Item 2.02: Results of Operations and Financial Condition
- Q2 fiscal 2026 results covered quarter ended June 30, 2026
- Press release furnished as Exhibit 99.1 contains financial results and GAAP-to-non-GAAP reconciliations
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Rob O’Hare appointed director and Audit Committee member, expanding the Board to 10 directors
- Affirm CFO adds public-company finance, fintech, reporting, and risk-management expertise
AI summaries of YOU 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for YOU
Don't miss the next YOU filing
- Alerts as it files. A push when YOU files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut YOU, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Hollister Kathryn A | M | Sep 30, 2026 | 284 | - |
| Hollister Kathryn A | M | Sep 30, 2026 | 284 | - |
| McLaughlin Kyle | Sell | Sep 3, 2026 | 4,499 | $44.47 |
| Liu Dennis W. | Sell | Sep 3, 2026 | 2,104 | $44.47 |
| Barkin Michael Z | Sell | Sep 3, 2026 | 11,444 | $45.00 |
| McLaughlin Kyle | F | Sep 1, 2026 | 4,693 | $42.97 |
| McLaughlin Kyle | M | Sep 1, 2026 | 9,192 | - |
| Liu Dennis W. | F | Sep 1, 2026 | 3,955 | $42.97 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $613.6M | $770.5M | $900.8M |
| Operating Income | $20.1M | $123.2M | $186.5M |
| Net Income | - | $169.7M | $109.2M |
| Op. Margin | 3.3% | 16.0% | 20.7% |
| Net Margin | - | 22.0% | 12.1% |
| Balance Sheet | |||
| Total Assets | $1.0B | $1.2B | $1.3B |
| Equity | $233.3M | $198.4M | $177.7M |
| ROE | - | 85.5% | 61.4% |
| Cash Flow | |||
| Operating CF | $225.0M | $295.7M | $372.5M |
| CapEx | $25.6M | $12.0M | $29.3M |
Source: XBRL data in Clear Secure, Inc. (YOU)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate YOU share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 33 | $3.12B |
| Q1 2026 | 31 | $2.53B |
| Q4 2025 | 29 | $1.79B |
| Q3 2025 | 30 | $1.71B |
| Q2 2025 | 30 | $1.39B |
| Q1 2025 | 27 | $943.6M |
| Q4 2024 | 23 | $885.3M |
| Q3 2024 | 22 | $604.5M |
- FMR LLC (Fidelity)+1.18M (+99%)
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- Citadel Advisors LLC−1.14M (-92%)
- Millennium Management−322.6K (-98%)
- Two Sigma Investments−263.7K (-61%)
- Renaissance Technologies LLC−76.1K (-2%)
- Invesco Ltd−40.3K (-3%)
- Bridgewater Associates LP+50.7K
- Allstate+6.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 225 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
YOU filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 30, 2026 | - | - | - |
| 8-K | Sep 16, 2026 | - | Analysis | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Aug 3, 2026 | - | - | - |
| 4 | Jul 30, 2026 | - | - | - |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 16, 2026 | - | - | - |
| 4 | Jul 16, 2026 | - | - | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jun 29, 2026 | - | - | - |
| 4 | Jun 26, 2026 | - | - | - |
| 4 | Jun 26, 2026 | - | - | - |
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YOU SEC filings: frequently asked questions
Are YOU insiders buying or selling?
In the last 90 days, Clear Secure, Inc. (YOU) officers, directors and 10% owners reported no open-market purchases and 34 open-market sales worth $73.6 million by 5 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold YOU stock?
As of June 30, 2026, the largest Clear Secure, Inc. (YOU) holders among the 13F filers tracked by SignalX were BlackRock ($886.6 million), Vanguard Portfolio Management LLC ($433.1 million), Vanguard Capital Management LLC ($237.3 million), State Street Corp ($206.2 million), Renaissance Technologies LLC ($182.6 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was YOU's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Clear Secure, Inc. (YOU) reported revenue of $900.8 million (up 16.9% from FY2024) and net income of $109.2 million. The figures come from the XBRL data in the 10-K.
What are the main risks in YOU's latest 10-K?
In the 10-K filed February 25, 2026, Clear Secure, Inc. (YOU) flagged: Regulatory/legal risk: Transition from LIBOR to SOFR benchmark mandated by Credit Agreement amendment, impacting interest rate exposure through June 28, 2026. Financial risk: $100 million revolving credit facility with $67.8 million borrowing capacity unused as of Dec 31, 2025, no outstanding debt. (AI summary of the Risk Factors section.)
What did YOU report in its latest 8-K?
Clear Secure, Inc. (YOU) filed an 8-K on September 16, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). President Michael Barkin transitioning to advisory role October 15, 2026.
What are the latest YOU SEC filings?
Clear Secure, Inc. (YOU) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 16, 2026 and a Form 4 insider filing on September 30, 2026.
What is YOU's SEC CIK number?
Clear Secure, Inc. (YOU)'s SEC Central Index Key (CIK) is 1856314. EDGAR lists every YOU filing under that number.
Ask anything about YOU
The research agent reads YOU's filings, financials, insider trades and 13F holders, then answers with sources.