v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 198,424 $ 160,387 $ 564,218 $ 442,614
Operating expenses:        
Cost of revenue share fee 28,592 22,885 79,049 63,674
Cost of direct salaries and benefits 44,825 35,337 125,198 102,687
Research and development 17,424 11,790 54,939 56,044
Sales and marketing 11,607 9,735 34,236 30,032
General and administrative 53,919 56,101 162,180 170,323
Depreciation and amortization 6,970 5,260 19,503 15,416
Operating income 35,087 19,279 89,113 4,438
Other income (expense):        
Interest income, net 7,252 7,677 25,424 21,463
Other income, net 436 661 1,291 1,569
Income before tax 42,775 27,617 115,828 27,470
Income tax expense (4,751) (754) (7,125) (846)
Net income 38,024 26,863 108,703 26,624
Less: net income attributable to non-controlling interests 14,559 11,517 42,313 12,491
Net income attributable to Clear Secure, Inc. 23,465 15,346 66,390 14,133
Common Class A        
Other income (expense):        
Net income attributable to Clear Secure, Inc. $ 23,243 $ 15,192 $ 65,748 $ 13,991
Net income per share of Class A Common Stock and Class B Common Stock (Note 16)        
Net income per common share, basic (in USD per share) $ 0.25 $ 0.17 $ 0.71 $ 0.16
Net income per common share, diluted (in USD per share) $ 0.25 $ 0.17 $ 0.71 $ 0.15
Weighted-average shares of common stock outstanding, basic (in shares) 92,702,778 89,189,192 92,174,755 89,436,795
Weighted-average shares of common stock outstanding, diluted (in shares) 94,279,071 89,968,555 93,263,943 90,503,162
Common Class B        
Other income (expense):        
Net income attributable to Clear Secure, Inc. $ 224 $ 154 $ 643 $ 142
Net income per share of Class A Common Stock and Class B Common Stock (Note 16)        
Net income per common share, basic (in USD per share) $ 0.25 $ 0.17 $ 0.71 $ 0.16
Net income per common share, diluted (in USD per share) $ 0.25 $ 0.17 $ 0.71 $ 0.15
Weighted-average shares of common stock outstanding, basic (in shares) 891,582 907,234 901,979 907,234
Weighted-average shares of common stock outstanding, diluted (in shares) 891,582 907,234 901,979 907,234

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