Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue $ 253,953 $ 230,796 $ 192,284
Operating expenses:      
Cost of revenue share fee 37,206 33,191 32,288
Cost of direct salaries and benefits 67,730 40,524 60,030
Research and development 47,490 32,038 21,222
Sales and marketing 35,200 16,381 36,014
General and administrative 168,902 118,168 91,577
Depreciation and amortization 12,358 9,423 7,316
Operating income (loss) (114,933) (18,929) (56,163)
Other income (expense)      
Interest income (expense), net (349) 612 1,942
Other income (expense), net 344 9,023 0
Income (loss) before tax (114,938) (9,294) (54,221)
Income tax benefit (expense) (233) (16) 0
Net income (loss) (115,171) (9,310) (54,221)
Less: net (loss) attributable to non-controlling interests (79,089)
Net (loss) attributable to Clear Secure, Inc. (36,082)
Common Class A      
Other income (expense)      
Net (loss) attributable to Clear Secure, Inc. $ (35,590)    
Net (loss) per share of Class A and B Common Stock (Note 16)      
Basic (in USD per share) $ (0.48)
Diluted (in USD per share) $ (0.48)
Weighted- average shares of Common Stock outstanding      
Basic (in shares) 75,515,242
Diluted (in shares) 75,515,242
Common Class B      
Other income (expense)      
Net (loss) attributable to Clear Secure, Inc. $ (492)    
Net (loss) per share of Class A and B Common Stock (Note 16)      
Basic (in USD per share) $ (0.48)
Diluted (in USD per share) $ (0.48)
Weighted- average shares of Common Stock outstanding      
Basic (in shares) 1,042,234
Diluted (in shares) 1,042,234