Key Highlights

  • Clear Secure, Inc. (NYSE:YOU) trades at USD 57.91 after a 27.67% one-week gain and a 40.29% one-month gain, though the latest session was down 1.98%, in a published Mid cap screener snapshot.
  • Third quarter Revenue was USD 292.9 million, up 27.8% from USD 229.2 million, with total bookings of USD 323.5 million, up 24.4%, and adjusted EBITDA of USD 103.9 million, a 35.5% margin.
  • Net income was USD 75.3 million against USD 45.1 million, diluted EPS was USD 0.52 against USD 0.29, and total CLEAR members reached 46.7 million, up 30.7%.
  • Fourth quarter revenue guidance is USD 299 million to USD 302 million, and full-year free Cash Flow guidance was raised to at least USD 490 million from USD 480 million.

What Moved Clear Secure (40.29% in a Month)

The snapshot dated November 5, 2026 shows Clear Secure, Inc. (NYSE:YOU) at USD 57.91, down 1.98% on the latest session after gains of 27.67% on the week and 40.29% on the month. The company released third quarter results at 6:00 a.m. ET on November 4, 2026, ahead of an 8:00 a.m. ET call. Revenue grew 27.8% to USD 292.9 million, and nine month revenue was USD 823.6 million. Net Income attributable to the company was USD 53.2 million against USD 28.3 million. Active CLEAR+ members were 8.5 million, up 14.5%. Free cash flow was negative USD 103.8 million because about USD 315 million went to settle accrued Partnership liabilities, while nine month free cash flow was USD 270.6 million.

Why an Identity Platform Re-Rates After Results

No single catalyst beyond results was identified, and the mechanisms are visible in the release. Revenue growth of 27.8% with a 35.5% adjusted EBITDA Margin shows operating leverage, and guided fourth quarter growth of 24.8% at the midpoint keeps the pace high. Bookings guidance of USD 335 million to USD 340 million implies 17.6% growth at the midpoint, slower than the 24.4% reported. Capital returns also matter: the buyback authorization rose by USD 175.0 million, leaving about USD 254.4 million, after USD 170.9 million of third quarter repurchases, and a USD 0.15 Dividend is payable December 24, 2026 to holders of record on December 10, 2026. Larger Buybacks shrink the share count, which lifts per share earnings, but they also use cash that the partnership settlement already drained.

Valuation, Liquidity and Risks After the Run

Clear Secure, Inc. (NYSE:YOU) is up 8.65% over three months and down 0.86% over six months, so the month's rally sits inside a flat half year. A published quote near USD 47.76 carried a Market Value of about USD 4.92 billion, and at USD 57.91 simple arithmetic puts it near USD 5.97 billion, calculated, inside the USD 2 billion to USD 10 billion mid cap band. A few large orders can still move the price, spreads can widen, and the move may reverse. Slowing bookings growth, negative reported cash flow and elevated valuation are the main risks.

Where Things Stand

The stock rose because a revenue and EBITDA beat, a higher cash flow floor and large buybacks reset expectations, and Clear Secure, Inc. (NYSE:YOU) now sits on the mid cap leaderboard for the week at 27.67% and the month at 40.29%, among 969 mid cap names screened. The 1.98% latest session decline shows momentum can fade quickly, and the negative USD 103.8 million quarterly free cash flow reflects a one-off partnership settlement of about USD 315 million rather than weaker operations. Revenue of USD 292.9 million and 46.7 million members anchor the story. This is context, not a forecast.