Clear Secure Inc

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

About 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$55.09-1.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

(Note 15)

Net Income (Loss) per Common Share

Below is the calculation of basic and diluted net income (loss) per common share:

	Three Months Ended June 30, 2024		Three Months Ended June 30, 2023
	Class A	Class B	Class A	Class B
Basic:
Net income attributable to Clear Secure, Inc.	$23,884	$236	$3,971	$40
Weighted-average number of shares outstanding, basic	91,984,045	907,234	89,569,933	907,234
Net income per common share, basic:	$0.26	$0.26	$0.04	$0.04
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$23,884	$236	$3,971	$40
Add: reallocation of net income (loss) to Clear Secure, Inc. to reflect dilutive impact	31	(1)	12	—
Net income attributable to Clear Secure, Inc. used to calculate net loss per common share, diluted	23,915	234	3,983	40
Weighted-average number of shares outstanding used to calculate net income per common share, basic	91,984,045	907,234	89,569,933	907,234
Effect of dilutive shares	620,974	—	802,511	—
Weighted-average number of shares outstanding, diluted	92,605,019	907,234	90,372,444	907,234
Net income per common share, diluted:	$0.26	$0.26	$0.04	$0.04

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
	Class A	Class B	Class A	Class B
Basic:
Net income (loss) attributable to Clear Secure, Inc.	$42,507	$419	$(1,201)	$(12)
Weighted-average number of shares outstanding, basic	91,907,842	907,234	89,318,481	907,234
Net income (loss) per common share, basic:	$0.46	$0.46	$(0.01)	$(0.01)
Diluted:
Net income (loss) attributable to Clear Secure, Inc. used to calculate net loss per common share, basic	$42,507	$419	$(1,201)	$(12)
Add: reallocation of net income (loss) to Clear Secure, Inc. to reflect dilutive impact	218	(1)	—	—
Net income (loss) attributable to Clear Secure, Inc. used to calculate net loss per common share, diluted	42,725	418	(1,201)	(12)
Weighted-average number of shares outstanding used to calculate net income (loss) per common share, basic	91,907,842	907,234	89,318,481	907,234
Effect of dilutive shares	737,575	—	—	—
Weighted-average number of shares outstanding, diluted	92,645,417	907,234	89,318,481	907,234
Net income (loss) per common share, diluted:	$0.46	$0.46	$(0.01)	$(0.01)

After evaluating the potential dilutive effect under the if-converted method, the outstanding Alclear Units for the assumed exchange of non-controlling interests were determined to be anti-dilutive and thus were excluded from the computation of diluted earnings per share.

The following tables present potentially dilutive securities excluded from the computations of diluted earnings (loss) per share of Class A Common Stock and Class B Common Stock for the three and six months ended June 30, 2024 and June 30, 2023:

	Class A	Class B
Exchangeable Alclear Units	24,292,253	25,796,690
RSU’s	749,301	—
Total	25,041,554	25,796,690

	Class A	Class B
Exchangeable Alclear Units	36,092,191	25,796,690
RSA’s	13,856	—
RSU’s	3,617,422	—
Total	39,723,469	25,796,690

For both the three and six months ended June 30, 2024, the Company has excluded 4,575,939 potentially dilutive shares from the tables above as they had performance conditions that were not achieved as of the end of the periods above.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.