YOU
Clear Secure, Inc.
YOU's fundamentals are strong: revenue grew 23% and its operating margin rose 7 points to 26%. At 33x earnings, it's trading in line with its usual 32x. Analysts expect that strong growth to continue, though they disagree widely on how much.
YOU Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
YOU's revenue, profitability, cash flow and balance sheet are all currently healthy.
YOU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $32.82 | -42% |
| Forward | 25x | $56.79 | — |
| Fair | 32x | $54.08 | -4.8% |
| Current | 33x | $56.79 | — |
| Expensive | 50x | $85.27 | +50% |
Historical ranges are pointers, not guarantees.
YOU's PE is in its fair range at 33x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
YOU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for YOU, with profitability improving. However, they disagree widely on these estimates.
YOU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.31 | +35% |
| Q3 2026 | $1.71 | +1.8% |
| Q2 2026 | $1.48 | -9.8% |
| Q1 2026 | $1.25 | -24% |
| Q4 2025 | $1.12 | -29% |
| Q3 2025 | $1.68 | +95% |
| Q2 2025 | $1.64 | +110% |
| Q1 2025 | $1.64 | +169% |
| Q4 2024 | $1.58 | +394% |
YOU earned $1.71 per share over the past year, up 1.8% from the year before.
YOU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $292.9M | +28% |
| Q2 2026 | $277.8M | +27% |
| Q1 2026 | $253M | +20% |
| Q4 2025 | $240.8M | +17% |
| Q3 2025 | $229.2M | +16% |
| Q2 2025 | $219.5M | +18% |
| Q1 2025 | $211.4M | +18% |
| Q4 2024 | $206.3M | +21% |
YOU's revenue has grown year over year for 21 quarters in a row: $293M last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | +5.4 points |
| Q2 2026 | 30% | +11 points |
| Q1 2026 | 25% | +6.8 points |
| Q4 2025 | 22% | +5.9 points |
| Q3 2025 | 23% | +5.3 points |
| Q2 2025 | 19% | +3.1 points |
| Q1 2025 | 18% | +4.5 points |
| Q4 2024 | 17% | +7.3 points |
YOU's operating margin was 28% last quarter, up 5.4 points from the same quarter a year ago.
YOU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$103.8M | -$50.4M |
| Q2 2026 | $189M | +60% |
| Q1 2026 | $185.5M | +103% |
| Q4 2025 | $187.4M | +40% |
| Q3 2025 | -$53.5M | -$15.6M |
| Q2 2025 | $117.9M | +7.2% |
| Q1 2025 | $91.3M | +18% |
| Q4 2024 | $133.9M | +49% |
YOU usually generates cash, though not every quarter: the latest was −$104M, but it generated $458M over the past year.
YOU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +28% | +28.5M shares |
| 1 year | +34% | +33.5M shares |
| 3 years | +44% | +40.4M shares |
| 5 years | +79% | +58M shares |
| Available history | +79% | +57.8M shares |
YOU has 131M diluted shares, up 34% from a year ago, despite $174M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $170.9M |
| Q2 2026 | — |
| Q1 2026 | $1.2M |
| Q4 2025 | $1.8M |
| Q3 2025 | $5.9M |
| Q2 2025 | $24.6M |
| Q1 2025 | $101.7M |
| Q4 2024 | $47.8M |
YOU spent $174M buying back its own shares over the past year, down 3.4% from the year before.
YOU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.6x | Very low |
YOU has more cash than debt.
YOU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.1 | Neutral |
| Stochastic | 50.9 | Neutral |
YOU's weekly RSI is 64 (neutral) and its Stochastic is 51 (neutral).
YOU PE vs Technology Sector
| Metric | YOU | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 28x | 19% above |
| PE % | 55 | 43 | 12 pts above |
YOU is trading at 33x earnings, a 19% premium to the Technology sector's median of 28x.
YOU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $46.6 | 22% above |
| 20 week MA | $47.7 | 19% above |
| 50 week MA | $46.3 | 23% above |
| 100 week MA | $37.5 | 51% above |
| 200 week MA | $30.4 | 87% above |
YOU is in an uptrend: it's above all five of its weekly moving averages, and 87% above its 200-week average.
YOU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $48.0 | $30.3 | -37% |
| 2022 | $30.3 | $26.8 | -12% |
| 2023 | $26.8 | $20.7 | -23% |
| 2024 | $20.7 | $27.2 | +32% |
| 2025 | $27.2 | $35.9 | +32% |
| 2026 YTD | $35.9 | $56.8 | +58% |
YOU is up 58% so far in 2026, after finishing lower in three of the previous five years.