v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue $ 211,368 $ 179,049
Operating expenses:    
Cost of revenue share fee 29,567 24,364
Cost of direct salaries and benefits 50,742 40,288
Research and development 18,999 20,104
Sales and marketing 13,386 11,622
General and administrative 54,738 52,890
Depreciation and amortization 6,532 6,092
Operating income 37,404 23,689
Other income (expense):    
Interest income, net 6,153 9,925
Other income, net 448 439
Income before tax 44,005 34,053
Income tax expense (5,422) (1,965)
Net income 38,583 32,088
Less: net income attributable to non-controlling interests 13,178 13,282
Net income attributable to Clear Secure, Inc. 25,405 18,806
Common Class A    
Other income (expense):    
Net income attributable to Clear Secure, Inc. $ 25,225 $ 18,622
Net income per share of Class A Common Stock and Class B Common Stock (Note 14)    
Net income per common share, basic (in USD per share) $ 0.26 $ 0.20
Net income per common share, diluted (in USD per share) $ 0.26 $ 0.20
Weighted- average shares of Common Stock outstanding    
Weighted-average shares of Class A and B Common Stock outstanding, basic (in shares) 95,323,648 91,831,639
Weighted-average shares of Class A and B Common Stock outstanding, diluted (in shares) 96,840,018 92,506,108
Common Class B    
Other income (expense):    
Net income attributable to Clear Secure, Inc. $ 179 $ 184
Net income per share of Class A Common Stock and Class B Common Stock (Note 14)    
Net income per common share, basic (in USD per share) $ 0.26 $ 0.20
Net income per common share, diluted (in USD per share) $ 0.26 $ 0.20
Weighted- average shares of Common Stock outstanding    
Weighted-average shares of Class A and B Common Stock outstanding, basic (in shares) 677,234 907,234
Weighted-average shares of Class A and B Common Stock outstanding, diluted (in shares) 677,234 907,234

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