All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2021; the latest 2023-03-02.
From the record
Clear Secure, Inc.'s filings since 2021 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2023-03-02) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+29.3% a year over 7 filed years; profitable in 3 of 7.
From the record
Clear Secure, Inc.'s 7 filed years say what it did: revenue went from $192 million in fiscal 2019 to $901 million in fiscal 2025, up 29.3% a year; it rose in 6 of 6 years; it never fell from a peak; net income was positive in 3 of 7 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 1.4/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Clear Secure, Inc.'s shareholder treatment is put at 1.4 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 14% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE 82%: 82¢ of profit per shareholder dollar. Leverage 84%: owes 84¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Clear Secure, Inc. earned about 82 cents of profit for every dollar of shareholders' money. Leverage: it owed about 84 cents per dollar of assets (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 23% of 218 in its family; net margin 18.7%.
From the record
Clear Secure, Inc.'s standing among 218 graded names in its industry family: revenue of $901 million in fiscal 2025 ranks in the top 34% by size; a net margin of 18.7% ranks in the top 16%; revenue growth of 27.2% a year over the last 3 filed years ranks in the top 20% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 45% of 139 in its family for leadership; chief executive since 2021.
From the record
Clear Secure, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Seidman, Becker Caryn (Chief Executive Officer, as filed), filing under that title since 2021-06-30, 5.4 years (top 40% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 3.4 years (bottom 17%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 42%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 48% of 216 in its family for room to expand.
From the record
Clear Secure, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $88 million against no long-term debt tagged leaves 6.8% of its assets as net cash, bottom 37% of its family; cash from operations less capital spending is 38.1% of revenue (top 5%); research spending of 8% of revenue (bottom 12%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 48% of 213 in its family for growth drivers.
From the record
Clear Secure, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 27.2% a year over the last three filed years against 29.3% over all 7, slowing (top 40% of its family); the newest year grew 16.9% (top 40%); research spending grew 2.7% a year (bottom 37%); capital spending grew -2.2% a year (bottom 49%) (its annual reports). Clear Secure, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 43% of 194 in its family for expectations against reality.
From the record
Clear Secure, Inc.'s newest year against its own record: revenue of $901 million in fiscal 2025 came in 11.9% below the $1.0 billion its prior three years' pace pointed to (bottom 13% of its family); net income of $168 million against a prior three-year average of $53 million (top 7%); a net margin of 18.7% against 3.7% before (top 36%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made