Clear Secure Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
YOU$55.74+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Redeemable Capital Units and Stockholders’ Equity
| Class A · Class B · Class C · Class D · Accumulated Other Comprehensive Income · Treasury Stock · Accumulated Deficit · Total Equity Attributable to Clear Secure Inc. · Non-Controlling Interest · Total Stockholders' Equity | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Shares · Amount · Number of Shares · Amount · Number of Shares · Amount · Number of Shares · Amount · Additional Paid in Capital · Number of Shares · Amount | ||||||||||||||||
| Balance, January 1, 2023 | 87,760,831 | $1 | 907,234 | $— | 38,290,964 | $— | 25,796,690 | $— | $394,390 | $(1,529) | 80,505 | $— | $(101,797) | $291,065 | $219,856 | $510,921 |
| Net income | — | — | — | — | — | — | — | — | — | — | — | — | 28,108 | 28,108 | 21,780 | 49,888 |
| Other comprehensive income | — | — | — | — | — | — | — | — | — | 3,579 | — | — | — | 3,579 | 2,362 | 5,941 |
| Equity-based compensation expense, net of forfeitures | (3,079) | — | — | — | — | — | — | — | 22,782 | — | 3,079 | — | — | 22,782 | 15,312 | 38,094 |
| Net share settlements of stock-based awards | 551,178 | — | — | — | — | — | — | — | (2,436) | — | (83,584) | — | — | (2,436) | (4,378) | (6,814) |
| Warrant expense | — | — | — | — | — | — | — | — | 366 | — | — | — | — | 366 | 257 | 623 |
| Exercise of warrants | 534,655 | — | — | — | — | — | — | — | 1,615 | — | — | — | — | 1,615 | (1,615) | — |
| Distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (42,674) | (42,674) |
| Tax distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | (25) | (25) | (34,593) | (34,618) |
| Exchange of shares | 6,056,050 | — | — | — | (6,056,050) | — | — | — | 20,691 | — | — | — | — | 20,691 | (20,691) | — |
| Special dividends | — | — | — | — | — | — | — | — | (67,998) | — | — | — | — | (67,998) | — | (67,998) |
| Dividends | — | — | — | — | — | — | — | — | (14,466) | — | — | — | — | (14,466) | — | (14,466) |
| Repurchase and retirement of Class A Common Stock | (3,112,694) | — | — | — | — | — | — | — | (49,952) | — | — | — | — | (49,952) | (19,721) | (69,673) |
| Balance, December 31, 2023 | 91,786,941 | $1 | 907,234 | $— | 32,234,914 | $— | 25,796,690 | $— | $304,992 | $2,050 | — | $— | $(73,714) | $233,329 | $135,895 | $369,224 |
| Class A · Class B · Class C · Class D · Accumulated Other Comprehensive Income · Treasury Stock · Accumulated Deficit · Total Equity Attributable to Clear Secure Inc. · Non-Controlling Interest · Total Stockholders' Equity | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Shares · Amount · Number of Shares · Amount · Number of Shares · Amount · Number of Shares · Amount · Additional Paid in Capital · Number of Shares · Amount | ||||||||||||||||
| Balance, January 1, 2022 | 76,393,256 | $1 | 1,042,234 | $— | 44,598,167 | $— | 26,709,821 | $— | $313,845 | $(103) | 223,069 | $— | $(36,130) | $277,613 | $261,855 | $539,468 |
| Net loss | — | — | — | — | — | — | — | — | — | — | — | — | (65,573) | (65,573) | (49,863) | (115,436) |
| Other comprehensive loss | — | — | — | — | — | — | — | — | — | (1,426) | — | — | — | (1,426) | (1,244) | (2,670) |
| IPO expenses | — | — | — | — | — | — | — | — | (156) | — | — | — | — | (156) | (141) | (297) |
| Equity-based compensation expense, net of forfeitures | (215,229) | — | — | — | — | — | — | — | 36,266 | — | 215,229 | — | — | 36,266 | 25,196 | 61,462 |
| Warrant expense | — | — | — | — | — | — | — | — | 43,090 | — | — | — | — | 43,090 | 33,943 | 77,033 |
| Tax distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | (94) | (94) | (77) | (171) |
| Exchange of shares | 7,414,377 | — | — | — | (6,501,246) | — | (913,131) | — | 21,343 | — | — | — | — | 21,343 | (21,343) | — |
| Conversion of shares | 135,000 | — | (135,000) | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Special dividend/distribution to Alclear Members | — | — | — | — | — | — | — | — | (21,905) | — | — | — | — | (21,905) | (16,250) | (38,155) |
| Net share settlements of stock-based awards | 365,320 | — | — | — | — | — | — | — | (2,175) | — | (357,793) | — | — | (2,175) | (3,236) | (5,411) |
| Repurchase and retirement of Class A Common Stock | (213,100) | — | — | — | — | — | — | — | (5,395) | — | — | — | — | (5,395) | 493 | (4,902) |
| Exercise of warrants | 3,881,207 | — | — | — | 194,043 | — | — | — | 9,477 | — | — | — | — | 9,477 | (9,477) | — |
| Balance, December 31, 2022 | 87,760,831 | $1 | 907,234 | $— | 38,290,964 | $— | 25,796,690 | $— | $394,390 | $(1,529) | 80,505 | $— | $(101,797) | $291,065 | $219,856 | $510,921 |
| Class A · Class B · Class C · Class D · Profit Units · Accumulated Other Comprehensive Income · Treasury Stock · Accumulated Deficit · Total Stockholders’ Equity Attributable to Clear Secure, Inc. · Non-Controlling Interest · Total Stockholders’ Equity | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Redeemable Capital Units · Number of Shares · Amount · Number of Shares · Amount · Number of Shares · Amount · Number of Shares · Amount · Additional Paid in Capital · Number of Units · Amount | ||||||||||||||||||||||||||||||
| Balance, January 1, 2021 | $569,251 | — | $— | — | $— | — | $— | — | $— | $— | 1,868,322 | $7,846 | $27 | — | $(494,769) | $(486,896) | $— | $(486,896) | ||||||||||||
| Net loss prior to reorganization | — | — | — | — | — | — | — | (46,848) | (46,848) | — | (46,848) | |||||||||||||||||||
| Net loss subsequent to reorganization | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (36,082) | (36,082) | (32,241) | (68,323) | ||||||||||||
| Other comprehensive loss | — | — | — | — | — | — | — | — | — | — | — | — | (78) | — | — | (78) | (93) | (171) | ||||||||||||
| Equity-based compensation expense, net of forfeitures | — | (223,069) | — | — | — | — | — | — | — | 15,894 | (26,925) | 680 | — | 223,069 | — | 16,574 | 15,123 | 31,697 | ||||||||||||
| Warrant expense | 1,100 | — | — | — | — | — | — | — | — | 1,847 | — | — | — | — | — | 1,847 | 1,043 | 2,890 | ||||||||||||
| Issuance of member units, net of costs | 81,567 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||
| Repurchase and retirement of capital units | (439) | — | — | — | — | — | — | — | — | — | — | — | — | — | (3,005) | (3,005) | — | (3,005) | ||||||||||||
| Repurchase, forfeitures and retirement of profit units | — | — | — | — | — | — | — | — | — | — | (71,247) | (56) | — | — | (8,246) | (8,302) | — | (8,302) | ||||||||||||
| Exercise of warrants prior to the reorganization transaction | 34,224 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||
| Tax distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (4,066) | (4,066) | (48) | (4,114) | ||||||||||||
| Effect of reorganization transaction | (685,703) | 59,240,306 | 1 | 1,042,234 | — | — | — | — | — | 62,858 | (1,770,150) | (8,470) | (52) | — | 556,886 | 611,223 | 74,480 | 685,703 | ||||||||||||
| Issuance of common stock upon reorganization | — | — | — | — | — | 44,598,167 | — | 26,709,821 | — | — | — | — | — | — | — | — | — | |||||||||||||
| Proceeds from IPO, net of costs | — | 15,180,000 | — | — | — | — | — | — | 233,246 | — | — | — | — | — | 233,246 | 203,591 | 436,837 | |||||||||||||
| Issuance of RSU's upon satisfaction of vesting terms | — | 196,019 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||
| Exercise of warrants | — | 2,000,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||
| Balance, December 31, 2021 | — | 76,393,256 | $1 | 1,042,234 | — | 44,598,167 | — | 26,709,821 | — | $313,845 | — | — | $(103) | 223,069 | $(36,130) | $277,613 | $261,855 | $539,468 | ||||||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.