Clear Secure Inc (NYSE: YOU) is a secure identity company that connects consumers and businesses to verified identity through biometric, document, and device-based verification. The company makes money primarily through CLEAR+, a consumer travel subscription service that provides access to dedicated fast lanes at airport security checkpoints nationwide. CLEAR has operated in airports for over 15 years as of the 10-K filed February 25, 2026. Beyond the airport lane, the CLEAR Travel portfolio includes TSA PreCheck Enrollment Provided by CLEAR, CLEAR Concierge premium services, expedited passport services, a free CLEAR mobile app, and CLEAR ID mobile-first identity solutions. The company also operates CLEAR1, a business-to-business identity verification product that combines biometric, document, and device signals with verified data sources for enterprise partners. Revenue comes from two distinct channels: consumer subscriptions and B2B identity verification contracts.

Revenue model

Consumer subscription fees from CLEAR+, a travel-focused membership granting access to dedicated airport security lanes. Additional consumer revenue from premium services including CLEAR Concierge and expedited passport services. B2B revenue from CLEAR1, an identity verification platform sold to enterprise partners.

Products and services

CLEAR+: consumer travel subscription with dedicated airport security lane access. TSA PreCheck Enrollment Provided by CLEAR. CLEAR Concierge: premium travel service. Expedited passport services. CLEAR app: free mobile trip-planning tool (Home to Gate). CLEAR ID: mobile-first identity solution. CLEAR1: B2B multi-layered identity verification combining biometric, document, and device signals.

Customers and end markets

Consumer end market: travelers seeking faster, predictable airport security experiences. B2B end market: enterprise partners requiring identity verification solutions. International travelers are cited as a target customer segment for expanded CLEAR Travel products.

Value-chain role

Identity verification intermediary sitting between consumers and physical or digital access points, including airport security checkpoints and enterprise authentication systems.

Geographic exposure

United States, with airport security checkpoints described as nationwide. No specific international footprint supported by the filing excerpts.

Source: SEC 10-K, filed 2026-02-25

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