v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 115,919 $ 67,558 $ 309,181 $ 173,294
Operating expenses:        
Cost of revenue share fee 14,743 9,926 39,198 25,995
Cost of direct salaries and benefits 26,918 18,128 75,211 46,113
Research and development 16,508 13,347 46,353 33,293
Sales and marketing 10,530 9,949 29,721 25,806
General and administrative 108,389 44,816 202,508 116,290
Depreciation and amortization 4,531 3,988 13,243 9,190
Operating loss (65,700) (32,596) (97,053) (83,393)
Other income (expense):        
Interest income (expense), net 1,636 (120) 1,830 (333)
Other income (expense), net (2,031) (11) (1,834) (11)
Loss before tax (66,095) (32,727) (97,057) (83,737)
Income tax benefit (expense) 536 (60) 381 (277)
Net loss (65,559) (32,787) (96,676) (84,014)
Less: net loss attributable to non-controlling interests (28,795) (15,872) (42,430) (65,095)
Net loss attributable to Clear Secure, Inc. (36,764) (16,915) (54,246) (18,919)
Common Class A        
Other income (expense):        
Net loss attributable to Clear Secure, Inc. $ (36,315) $ (16,675) $ (53,549) $ (18,650)
Net loss per share of Class A Common Stock and Class B Common Stock (Note 17)        
Net loss per common share, basic (in USD per share) $ (0.44) $ (0.23) $ (0.67) $ (0.26)
Net loss per common share, diluted (in USD per share) $ (0.44) $ (0.23) $ (0.67) $ (0.26)
Weighted-average number of shares outstanding, Basic (in shares) 82,426,486 72,285,100 79,527,484 72,124,741
Weighted-average number of shares outstanding, Diluted (in shares) 82,426,486 72,285,100 79,527,484 72,124,741
Common Class B        
Other income (expense):        
Net loss attributable to Clear Secure, Inc. $ (449) $ (240) $ (697) $ (269)
Net loss per share of Class A Common Stock and Class B Common Stock (Note 17)        
Net loss per common share, basic (in USD per share) $ (0.44) $ (0.23) $ (0.67) $ (0.26)
Net loss per common share, diluted (in USD per share) $ (0.44) $ (0.23) $ (0.67) $ (0.26)
Weighted-average number of shares outstanding, Basic (in shares) 1,022,669 1,042,234 1,035,641 1,042,234
Weighted-average number of shares outstanding, Diluted (in shares) 1,022,669 1,042,234 1,035,641 1,042,234

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