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Clear Secure, Inc. (YOU)

Vertical SaaS

SaaS Metrics & Investor Data — Q1 2026

analyticsEditorial Financial Analysis

Financial Performance & Trajectory

Clear Secure, Inc. (YOU) is demonstrating accelerating top-line momentum, with trailing revenue reaching $0.91B in Q1 2026, up from $0.86B in Q3 2025. The YoY growth rate has notably expanded from 11.4% in Q3 2025 to 18.5% in Q1 2026, signaling a clear reacceleration in the business. This growth is highly capital-efficient, as evidenced by a superb free cash flow (FCF) margin of 44.4% in Q1 2026, up from 38.1% in Q4 2025. The combination of accelerating revenue and expanding FCF margins indicates a business scaling profitably, with strong operating leverage and high incremental margins.

Operational & Go-to-Market (GTM) Efficiency

The company’s Rule of 40 score has improved significantly, rising from 51.4 in Q3 2025 to 62.9 in Q1 2026, placing YOU firmly in the elite tier of SaaS efficiency. This metric, which sums revenue growth and FCF margin, underscores that the business is not sacrificing profitability for growth. While specific Net Revenue Retention (NRR) and CAC payback data are unavailable, the sustained high FCF margins and accelerating growth suggest a highly efficient GTM engine. The widening gap between growth and profitability implies that reinvestments in R&D and sales are yielding strong incremental returns, likely driven by land-and-expand dynamics within its vertical SaaS platform.

Market Valuation & Sentiment

YOU trades at an EV/Revenue multiple of 6.0x, a modest discount to its 6.5x level in Q4 2025 despite improved operational metrics. This compression may reflect broader market caution or sector rotation, but the valuation remains reasonable relative to the 62.9 Rule of 40 score. Insider activity shows net selling of $910.5K over the last 10 filings, a minor signal that warrants monitoring but is not alarming at this scale. Wall Street consensus is a Buy, with an average price target of $64.25, implying meaningful upside from current levels. The analyst split (4 Buys, 4 Holds, 1 Sell) suggests constructive but not euphoric sentiment, aligning with the company’s strong but not flawless execution.

Disclaimer: The editorial financial analysis above is generated using data sourced from SEC EDGAR filings and Wall Street consensus ratings. This analysis is provided for informational and educational purposes only and does not constitute financial, investment, or professional advice. Readers should conduct their own research or consult with a registered financial advisor before making any investment decisions.

Clear Secure, Inc. (YOU) is a Vertical SaaS SaaS company with a market cap of N/A as of Q1 2026. The company trades at N/A EV/Revenue and has delivered +18.5% revenue growth year-over-year. With a gross margin of N/A and FCF margin of 44.4%, Clear Secure, Inc. scores 63 on the Rule of 40 — placing it in the top quartile of public SaaS companies tracked by SaaSDB.

compare_arrowsSector Benchmarking

Latest company metrics compared to the Vertical SaaS sector medians

Rule of 40
Outperforming
62.9%vs 30.2% median

Rule of 40 is 62.9% (sector median: 30.2%) — outperforming peers by 32.7%.

Revenue Growth
Outperforming
18.5%vs 15.5% median

Revenue Growth is 18.5% (sector median: 15.5%) — outperforming peers by 3.0%.

FCF Margin
Outperforming
44.4%vs 11.9% median

FCF Margin is 44.4% (sector median: 11.9%) — outperforming peers by 32.6%.

monitoringInvestor Metrics

Market Cap
N/A
Q1 2026
Enterprise Value
N/A
Q1 2026
Revenue (TTM)
$913.0M
Q1 2026
18.5%
Year-over-year
N/A
Enterprise Value multiple
N/A
Price-to-Sales
N/A
Gross profit margin
21.3%
Operating income margin

From the makers of SaaSDB

B

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rocket_launchFounder & Operator Metrics

62.9
Revenue growth + FCF margin
44.4%
Free cash flow margin
N/A
Gross profit margin
Operating leverage
-15.6x
Margin expansion vs revenue growth
R&D intensity
8%
R&D as % of TTM revenue

Not publicly disclosed by this company: Net Revenue Retention·Gross Retention·ARR·ARR Growth·CAC Payback

trending_upEfficiency & Investment Trends

Insider Trading Activity

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90-Day Insider Sentiment: Bearish / Net Selling. Insiders executed 5 sell transactions (totaling $1.7M) with zero buys. Last activity on Jun 16, 2026.

DateInsiderTitleTransactionSharesPriceValue
2026-06-17Alclear Investments, LLCDirectorSELL3,153$53.03$167K
2026-06-17Seidman Becker CarynChief Executive OfficerSELL3,153$53.03$167K
2026-06-15Henry ShawnDirectorGRANT4,705$0.00$0
2026-06-11Hollister Kathryn ADirectorGRANT4,194$0.00$0
2026-06-11Collins TomagoDirectorGRANT4,194$0.00$0
2026-06-11Henry ShawnDirectorGRANT4,194$0.00$0
2026-06-11BOYD JEFFERY HDirectorGRANT4,194$0.00$0
2026-06-11Scher PeterDirectorGRANT4,194$0.00$0
2026-06-11Wiener AdamDirectorGRANT4,194$0.00$0
2026-06-11Levine Marne L.DirectorGRANT4,194$0.00$0
2026-06-05Henry ShawnDirectorGRANT6,741$0.00$0
2026-06-05Scher PeterDirectorGRANT6,741$0.00$0
2026-06-05Hollister Kathryn ADirectorGRANT6,741$0.00$0
2026-06-05Collins TomagoDirectorGRANT6,741$0.00$0
2026-06-03McLaughlin KyleEVP, AviationSELL8,000$56.20$450K
2026-05-29Barkin Michael ZPresidentSELL11,550$56.29$650K
2026-05-18Schlegel JonathanChief Security OfficerSELL4,412$59.02$260K
2026-04-02Barkin Michael ZPresidentGRANT64,599$0.00$0
2026-04-02Hsu JenniferChief Financial OfficerGRANT7,106$0.00$0
2026-04-02Hollister Kathryn ADirectorGRANT530$0.00$0

Analyst Ratings

BuyAvg. price target: $64.25as of 2026-06-08
Buy 4 (44%)Hold 4 (44%)Sell 1 (11%)

From the makers of SaaSDB

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compare_arrowsCompare Clear Secure, Inc. Against Sector Peers