v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue $ 613,579 $ 437,434 $ 253,953
Operating expenses:      
Cost of revenue share fee 88,647 56,267 37,206
Cost of direct salaries and benefits 142,820 104,787 67,730
Research and development 74,444 66,799 47,490
Sales and marketing 43,525 41,679 35,200
General and administrative 222,356 278,174 168,902
Depreciation and amortization 21,649 18,792 12,358
Operating income (loss) 20,138 (129,064) (114,933)
Other income (expense)      
Interest income (expense), net 29,013 6,586 (349)
Other income (expense), net 1,461 4,980 344
Income (loss) before tax 50,612 (117,498) (114,938)
Income tax benefit (expense) (724) 2,062 (233)
Net income (loss) 49,888 (115,436) (115,171)
Less: net income (loss) attributable to non-controlling interests 21,780 (49,863) (79,089)
Net income (loss) attributable to Clear Secure, Inc. 28,108 (65,573) (36,082)
Common Class A      
Other income (expense)      
Net income (loss) attributable to Clear Secure, Inc. $ 27,825 $ (64,768) $ (35,590)
Net income (loss) per share of Class A and B Common Stock (Note 16)      
Net income (loss) per common share, basic (in USD per share) $ 0.31 $ (0.80) $ (0.48)
Net income (loss) per common share, diluted (in USD per share) $ 0.31 $ (0.80) $ (0.48)
Weighted- average shares of Common Stock outstanding      
Weighted-average shares of Class A and B Common Stock outstanding, basic (in shares) 89,695,439 81,117,184 75,515,242
Weighted-average shares of Class A and B Common Stock outstanding, diluted (in shares) 90,709,811 81,117,184 75,515,242
Common Class B      
Other income (expense)      
Net income (loss) attributable to Clear Secure, Inc. $ 282 $ (805) $ (492)
Net income (loss) per share of Class A and B Common Stock (Note 16)      
Net income (loss) per common share, basic (in USD per share) $ 0.31 $ (0.80) $ (0.48)
Net income (loss) per common share, diluted (in USD per share) $ 0.31 $ (0.80) $ (0.48)
Weighted- average shares of Common Stock outstanding      
Weighted-average shares of Class A and B Common Stock outstanding, basic (in shares) 907,234 1,007,686 1,042,234
Weighted-average shares of Class A and B Common Stock outstanding, diluted (in shares) 907,234 1,007,686 1,042,234

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