Clear Secure (YOU) Stock Analysis & Winston Score
Clear Secure runs a biometric identity verification service used mostly at airports across the United States. Members enroll their fingerprints and iris scans, then use CLEAR kiosks to skip the ID-check line before TSA security. The company also sells identity verification tools to sports stadiums, healthcare providers, and other businesses through its platform. CLEAR makes money by charging members an annual subscription fee, currently around $189 per year, plus fees from enterprise partners who use its identity technology. It operates primarily in the U.S., with over 20 million enrolled members and kiosks at more than 50 airports. The business benefits from high switching costs once members are enrolled and from long-term contracts with airports and venues. The main risk is competition from TSA PreCheck and other government-run programs, as well as any regulatory changes around how biometric data can be collected and stored.
Winston Score: 67/100 — Good
A decent business — some strong pillars, some weaker.
- Quality: Exceptional (28/30)
- Growth: Mixed (7/20)
- Cash Flow: Exceptional (10/10)
- Stability: Good (5/10)
- Valuation: Good (6/10)
- Ownership: Good (10/15)



