Clear Secure Inc
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
YOU$55.74+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Stockholders' Equity
(dollars in thousands, except share data)
| Class A · Class B · Class C · Class D · Additional paid in capital · Accumulated other comprehensive loss · Treasury Stock · Accumulated deficit · Total stockholders’ 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 · Number of shares · Amount | |||||||||||||||||||||||||||
| Balance, January 1, 2024 | 91,786,941 | $1 | 907,234 | $— | 32,234,914 | $— | 25,796,690 | $— | $304,992 | $2,050 | — | $— | $(73,714) | $233,329 | $135,895 | $369,224 | |||||||||||
| Net income | — | — | — | — | — | — | — | — | — | — | — | — | 18,806 | 18,806 | 13,282 | 32,088 | |||||||||||
| Other comprehensive income | — | — | — | — | — | — | — | — | — | (1,835) | — | — | — | (1,835) | (1,148) | (2,983) | |||||||||||
| Equity-based compensation expense, net of forfeitures | — | — | — | — | — | — | — | — | 6,684 | — | — | — | — | 6,684 | 4,185 | 10,869 | |||||||||||
| Net share settlements of stock-based awards | 183,167 | — | — | — | — | — | — | — | (1,298) | — | — | — | — | (1,298) | (812) | (2,110) | |||||||||||
| Distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (10,564) | (10,564) | |||||||||||
| Tax distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (4,558) | (4,558) | |||||||||||
| Exchange of shares | 1,625,803 | — | — | — | (1,625,803) | — | — | — | 3 | — | — | — | — | 3 | (3) | — | |||||||||||
| Dividends | — | — | — | — | — | — | — | — | (8,481) | — | — | — | — | (8,481) | — | (8,481) | |||||||||||
| Special dividend | — | — | — | — | — | — | — | — | (28,828) | — | — | — | — | (28,828) | (28,828) | ||||||||||||
| Repurchase and retirement of Class A Common Stock | (4,416,759) | — | — | — | — | — | — | — | (52,514) | — | — | — | — | (52,514) | (32,868) | (85,382) | |||||||||||
| Balance, March 31, 2024 | 89,179,152 | $1 | 907,234 | $— | 30,609,111 | $— | 25,796,690 | $— | $220,558 | $215 | — | $— | $(54,908) | $165,866 | $103,409 | $269,275 | |||||||||||
| Net income | — | — | — | — | — | — | — | — | — | — | — | — | 24,119 | 24,119 | 14,472 | 38,591 | |||||||||||
| Other comprehensive income | — | — | — | — | — | — | — | — | — | (776) | — | — | — | (776) | (451) | (1,227) | |||||||||||
| Equity-based compensation expense, net of forfeitures | — | — | — | — | — | — | — | — | 6,624 | — | — | — | — | 6,624 | 3,847 | 10,471 | |||||||||||
| Net share settlements of stock-based awards | 287,541 | — | — | — | — | — | — | — | (685) | — | — | — | — | (685) | (1,819) | (2,504) | |||||||||||
| Distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (5,018) | (5,018) | |||||||||||
| Tax distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (7,367) | (7,367) | |||||||||||
| Exchange of shares | 6,316,858 | — | — | — | (6,316,858) | — | — | — | 19,763 | — | — | — | — | 19,763 | (19,763) | — | |||||||||||
| Dividends | — | — | — | — | — | — | — | — | (9,339) | — | — | — | — | (9,339) | — | (9,339) | |||||||||||
| Repurchase and retirement of Class A Common Stock | (3,566,853) | — | — | — | — | — | — | (52,036) | — | — | — | — | (52,036) | (12,582) | (64,618) | ||||||||||||
| Balance, June 30, 2024 | 92,216,698 | $1 | 907,234 | $— | 24,292,253 | $— | 25,796,690 | $— | $184,885 | $(561) | — | $— | $(30,789) | $153,536 | $74,728 | $228,264 | |||||||||||
| Class A · Class B · Class C · Class D · Additional paid in capital · Accumulated other comprehensive loss · Treasury Stock · Accumulated deficit · Total stockholders’ 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 · 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 loss | — | — | — | — | — | — | — | — | — | — | — | — | (5,224) | (5,224) | (3,049) | (8,273) | |||||||||||
| Other comprehensive income | — | — | — | — | — | — | — | — | — | 938 | — | — | — | 938 | 658 | 1,596 | |||||||||||
| Equity-based compensation expense, net of forfeitures | (3,079) | — | — | — | — | — | — | — | 10,151 | — | 3,079 | — | — | 10,151 | 6,257 | 16,408 | |||||||||||
| Net share settlements of stock-based awards | 155,049 | — | — | — | — | — | — | — | (946) | — | (83,584) | — | — | (946) | (1,462) | (2,408) | |||||||||||
| Warrant expense | — | — | — | — | — | — | — | — | 366 | — | — | — | — | 366 | 257 | 623 | |||||||||||
| Exercise of warrants | 534,655 | — | — | — | — | — | — | — | 1,615 | — | — | — | — | 1,615 | (1,615) | — | |||||||||||
| Tax distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (13,886) | (13,886) | |||||||||||
| Exchange of shares | 2,048,773 | — | — | — | (2,048,773) | — | — | — | 6,189 | — | — | — | — | 6,189 | (6,189) | — | |||||||||||
| Repurchase and retirement of Class A Common Stock | (281,838) | — | — | — | — | — | — | — | (7,380) | — | — | — | — | (7,380) | 911 | (6,469) | |||||||||||
| Balance, March 31, 2023 | 90,214,391 | $1 | 907,234 | $— | 36,242,191 | $— | 25,796,690 | $— | $404,385 | $(591) | — | $— | $(107,021) | $296,774 | $201,738 | $498,512 | |||||||||||
| Net income | — | — | — | — | — | — | — | — | — | — | — | — | 4,011 | 4,011 | 4,023 | 8,034 | |||||||||||
| Other comprehensive loss | — | — | — | — | — | — | — | — | — | (736) | — | — | — | (736) | (504) | (1,240) | |||||||||||
| Equity-based compensation expense, net of forfeitures | — | — | — | — | — | — | — | — | 8,415 | — | — | — | — | 8,415 | 6,244 | 14,659 | |||||||||||
| Net share settlements of stock-based awards | 144,341 | — | — | — | — | — | — | — | (655) | — | — | — | — | (655) | (740) | (1,395) | |||||||||||
| Tax distribution to members | — | — | — | — | — | — | — | — | — | — | — | — | (26) | (26) | (17) | (43) | |||||||||||
| Exchange of shares | 150,000 | — | — | — | (150,000) | — | — | — | 165 | — | — | — | — | 165 | (165) | — | |||||||||||
| Special dividend | — | — | — | — | — | — | — | — | (18,089) | — | — | — | — | (18,089) | — | (18,089) | |||||||||||
| Repurchase and retirement of Class A Common Stock | (1,533,357) | — | — | — | — | — | — | (22,928) | — | — | — | — | (22,928) | (15,700) | (38,628) | ||||||||||||
| Balance, June 30, 2023 | 88,975,375 | $1 | 907,234 | $— | 36,092,191 | $— | 25,796,690 | $— | $371,293 | $(1,327) | — | $— | $(103,036) | $266,931 | $194,879 | $461,810 | |||||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.