What does Clear Secure do?

Clear Secure runs CLEAR, a platform that confirms who you are using biometrics such as your face or fingerprints. It is best known for dedicated lanes that let paying members move through airport security checkpoints faster. It also lets other businesses use its identity checks, and it offers digital ID tools like a free mobile ID and identity verification for online services.

What is Clear Secure's fair value?

On an owner-earnings DCF, Clear Secure's most-likely fair value is about $118, versus a recent price near $43. A margin-of-safety estimate, not a price target. Analysis, not advice.

Technology · Software - Application · YOU

What Clear Secure Does & How It Makes Money (YOU)

Updated October 2026 · reflects Clear Secure's latest reported financials

Biometric secure identity platform powering fast airport security lanes. Most of its revenue comes from CLEAR Plus, a paid consumer subscription for faster airport security lanes.

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How Clear Secure makes money

Most of its revenue comes from CLEAR Plus, a paid consumer subscription for faster airport security lanes. It also earns from B2B identity verification (CLEAR1, Sora ID), TSA PreCheck enrollment and renewals, and add-on services such as Concierge and RESERVE.

What Clear Secure does

Clear Secure, Inc. runs CLEAR, a secure identity platform based mainly in the United States. The platform covers enrollment, verification and linking of a person's identity, plus the back-end systems behind it. Its main consumer product is CLEAR Plus, a subscription that gives members predictable entry lanes at airport security checkpoints. Other travel services include the CLEAR mobile app, RESERVE powered by CLEAR for booking a time slot at the airport, Home to Gate for planning when to leave for the airport, CLEAR Concierge for frequent and premium travelers, families and seniors, CLEAR Perks, and TSA PreCheck enrollment and online renewal. Outside travel, CLEAR1 lets partner businesses use the identity platform to make things easier for their own customers. Sora ID adds one-click know-your-customer (KYC) checks, and the company also offers virtual queuing technology. CLEAR ID is a free mobile digital ID, and a partnership with Samsung created Samsung ID with CLEAR, which lets users add a US passport to Samsung Wallet. The company was founded in 2010, is headquartered in New York, and is a subsidiary of Alclear Investments, LLC.

Products & services

CLEAR Plus
CLEAR1
CLEAR ID
TSA PreCheck Enrollment Provided by CLEAR
Sora ID
CLEAR Concierge

What is Clear Secure worth?

On an owner-earnings DCF, Clear Secure's most-likely value is about $118 versus a recent price near $43 (172% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$34) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $43

Fair value (most likely)

$118

Range

$66–$240

No-growth floor

$34

Price

~$43

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Technology Industry Software - Application HQ United States Ticker YOU Official site

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