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Technology

Clear Secure, Inc. (YOU)

Technology $5.6B market cap

Data as of July 17, 2026

Environment
70.00
People
78.00
Leadership
72.00

Environment story

Clear Secure discloses limited environmental data. The company acknowledges climate change risks to airport operations and notes potential regulatory compliance costs. No Scope 1, 2, or 3 emissions data disclosed. No net-zero target articulated. The company is primarily a service provider (identity verification platform) with no material direct operational emissions from manufacturing or energy-intensive processes disclosed. However, the company does not address supply-chain carbon (e.g., cloud infrastructure via AWS) or provide renewable energy commitments. Starting score of 100 reduced by 15 for undisclosed Scope 3 emissions and 15 for absent/unclear net-zero target. No verified physical decarbonization initiatives disclosed. No major environmental controversies identified in filings.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

  • Climate Risk Acknowledgment
    10-K discloses that extreme weather and climate change may disrupt operations and increase compliance costs.
    Identified but not actioned; no mitigation strategy disclosed.

Social story

Clear Secure provides limited public disclosure on social metrics. No CEO-to-median-worker pay ratio disclosed in filings; unable to assess penalty. No active union-suppression activities, strikes, or labor disputes documented in 10-K. Leadership diversity not quantified in filings; diversity breakdown for executives/board not disclosed, preventing assessment. Supply chain (e.g., biometric hardware, cloud vendors like AWS) ethics not detailed; no human-rights audits or conflict minerals policies disclosed. Employee turnover rate not reported. The company emphasizes retention of high-quality personnel and notes risks around key personnel attrition (especially CEO Seidman Becker, at-will). Wage increases and Ambassador compensation restructuring noted for 2025. No evidence of formal DEI programs, supplier diversity programs, or civil-rights audits in 10-K.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

  • Personnel Retention Focus
    Company emphasizes attraction and retention of high-quality talent and notes use of equity incentives.
    Stated strategy; effectiveness not independently verified.
  • Compensation Adjustments
    2025 saw wage increases and Ambassador compensation structure changes.
    Cost of direct salaries and benefits increased 11% YoY; positive wage action but limited scope disclosed.

Governance story

Clear Secure exhibits concerning governance structure issues. Dual-class share structure exists: Class A, Class B, Class C, and Class D Common Stock with unequal voting rights, conferring control to founder-aligned members (Founder Post-IPO Members). 10-K explicitly states 'we are controlled by the Founder Post-IPO Members, whose interests in our business may be different than yours.' Penalized 20 points for dual-class supermajority structure. Board independence not disclosed in 10-K; unable to calculate percentage, but absence of disclosure suggests potential risk. No material lobbying expenditures targeting environmental deregulation disclosed. No active antitrust proceedings, SEC enforcement actions, or material regulatory fines documented in 10-K. Company operates under TSA/DHS regulatory frameworks and discloses extensive compliance requirements but no enforcement actions. Founder CEO (Seidman Becker) is at-will employee with no employment agreement. Tax Receivable Agreement with Alclear members requires significant ongoing payments (85% of tax savings), creating potential conflicts. Share repurchase program authorized ($625.5M cumulative as of Feb 2026) and executed ($126.3M in 2025); dividend program active ($0.125-$0.320/share quarterly and special). Revolving credit facility of $100M available; no outstanding debt. No insider trading violations or material governance controversies identified.

Criticisms on file

  • Dual-class voting structure concentrating control in Founder Post-IPO Members; founder CEO has no employment agreement and is at-will employee
    Source: YOU_10k.txt, Risk Factors: 'we are controlled by the Founder Post-IPO Members, whose interests in our business may be different than yours' and 'we depend on the continued services and performance of our key personnel, including our Chairman and Chief Executive Officer, Ms. Seidman Becker...We do not have an employment agreement with Ms. Seidman Becker, and she and, other key members of our senior management team, are at-will employees.'
  • Tax Receivable Agreement (TRA) creates ongoing obligation to pay 85% of tax savings to Alclear members, potential conflict of interest
    Source: YOU_10k.txt, MD&A: 'The Company maintains a TRA with the Alclear Members that provides for the payment by us to the Alclear Members of 85% of the amount of cash savings, if any, in U.S. federal, state and local income tax...The actual increase in tax basis, as well as the amount and timing of any payments under these agreements, varies depending upon a number of factors.'

Disclosed initiatives

  • Regulatory Compliance & Audits
    Subject to TSA annual operational audits, TSA-CLEAR Quality Assurance program, FISMA High Rating for information security, and SAFETY Act Qualified Anti-Terrorism Technology certification.
    Demonstrates commitment to security standards; no violations noted.
  • Internal Controls Framework
    Company maintains information security measures and FISMA High Rating designation; documented risk of cybersecurity breaches and third-party vulnerabilities.
    Proactive disclosure of cybersecurity risks; no material breaches documented in filings.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Clear Secure, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Clear Secure, Inc. in the app for interactive charts and portfolio building.

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