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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 186,745 $ 149,871 $ 365,794 $ 282,227
Operating expenses:        
Cost of revenue share fee 26,093 21,219 50,457 40,789
Cost of direct salaries and benefits 40,085 34,204 80,373 67,350
Research and development 17,411 22,310 37,515 44,254
Sales and marketing 11,007 10,788 22,629 20,297
General and administrative 55,371 56,144 108,261 114,222
Depreciation and amortization 6,441 4,989 12,533 10,156
Operating income (loss) 30,337 217 54,026 (14,841)
Other income (expense):        
Interest income, net 8,247 7,394 18,172 13,786
Other income, net 416 634 855 908
Income (loss) before tax 39,000 8,245 73,053 (147)
Income tax expense (409) (211) (2,374) (92)
Net income (loss) 38,591 8,034 70,679 (239)
Less: net income attributable to non-controlling interests 14,472 4,023 27,754 974
Net income (loss) attributable to Clear Secure, Inc. 24,119 4,011 42,925 (1,213)
Common Class A        
Other income (expense):        
Net income (loss) attributable to Clear Secure, Inc. $ 23,884 $ 3,971 $ 42,507 $ (1,201)
Net income (loss) per share of Class A Common Stock and Class B Common Stock (Note 15)        
Net income (loss) per common share, basic (in USD per share) $ 0.26 $ 0.04 $ 0.46 $ (0.01)
Net income (loss) per common share, diluted (in USD per share) $ 0.26 $ 0.04 $ 0.46 $ (0.01)
Weighted-average shares of common stock outstanding, basic (in shares) 91,984,045 89,569,933 91,907,842 89,318,481
Weighted-average shares of common stock outstanding, diluted (in shares) 92,605,019 90,372,444 92,645,417 89,318,481
Common Class B        
Other income (expense):        
Net income (loss) attributable to Clear Secure, Inc. $ 236 $ 40 $ 419 $ (12)
Net income (loss) per share of Class A Common Stock and Class B Common Stock (Note 15)        
Net income (loss) per common share, basic (in USD per share) $ 0.26 $ 0.04 $ 0.46 $ (0.01)
Net income (loss) per common share, diluted (in USD per share) $ 0.26 $ 0.04 $ 0.46 $ (0.01)
Weighted-average shares of common stock outstanding, basic (in shares) 907,234 907,234 907,234 907,234
Weighted-average shares of common stock outstanding, diluted (in shares) 907,234 907,234 907,234 907,234

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