v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue $ 160,387 $ 115,919 $ 442,614 $ 309,181
Operating expenses:        
Cost of revenue share fee 22,885 14,743 63,674 39,198
Cost of direct salaries and benefits 35,337 26,918 102,687 75,211
Research and development 11,790 16,508 56,044 46,353
Sales and marketing 9,735 10,530 30,032 29,721
General and administrative 56,101 108,389 170,323 202,508
Depreciation and amortization 5,260 4,531 15,416 13,243
Operating income (loss) 19,279 (65,700) 4,438 (97,053)
Other income (expense):        
Interest income (expense), net 7,677 1,636 21,463 1,830
Other income (expense), net 661 (2,031) 1,569 (1,834)
Income (loss) before tax 27,617 (66,095) 27,470 (97,057)
Income tax benefit (expense) (754) 536 (846) 381
Net income (loss) 26,863 (65,559) 26,624 (96,676)
Less: net income (loss) attributable to non-controlling interests 11,517 (28,795) 12,491 (42,430)
Net income (loss) attributable to Clear Secure, Inc. 15,346 (36,764) 14,133 (54,246)
Common Class A        
Other income (expense):        
Net income (loss) attributable to Clear Secure, Inc. $ 15,192 $ (36,315) $ 13,991 $ (53,549)
Net income (loss) per share of Class A Common Stock and Class B Common Stock (Note 16)        
Net income (loss) per common share, basic (in USD per share) $ 0.17 $ (0.44) $ 0.16 $ (0.67)
Net income (loss) per common share, diluted (in USD per share) $ 0.17 $ (0.44) $ 0.15 $ (0.67)
Weighted-average number of shares outstanding, basic (in shares) 89,189,192 82,426,486 89,436,795 79,527,484
Weighted-average number of shares outstanding, diluted (in shares) 89,968,555 82,426,486 90,503,162 79,527,484
Common Class B        
Other income (expense):        
Net income (loss) attributable to Clear Secure, Inc. $ 154 $ (449) $ 142 $ (697)
Net income (loss) per share of Class A Common Stock and Class B Common Stock (Note 16)        
Net income (loss) per common share, basic (in USD per share) $ 0.17 $ (0.44) $ 0.16 $ (0.67)
Net income (loss) per common share, diluted (in USD per share) $ 0.17 $ (0.44) $ 0.15 $ (0.67)
Weighted-average number of shares outstanding, basic (in shares) 907,234 1,022,669 907,234 1,035,641
Weighted-average number of shares outstanding, diluted (in shares) 907,234 1,022,669 907,234 1,035,641

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