Clear Secure Inc

For the period ended Sep 30, 2024. Filed Nov 7, 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.

Sep 30, 2024 · Filed Nov 7, 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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Contents

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 income (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 loss	—	—	—	—	—		—		—		—		—		(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 loss	—	—	—	—	—		—		—		—		—		(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
Net income	—	—	—	—	—		—		—		—		—		—		—		—		23,465		23,465		14,559		38,024
Other comprehensive income	—	—	—	—	—		—		—		—		—		2,033		—		—		—		2,033		1,027		3,060
Equity-based compensation expense, net of forfeitures	—	—	—	—	—		—		—		—		4,218		—		—		—		—		4,218		2,130		6,348
Net share settlements of stock-based awards	141,300	—	—	—	—		—		—		—		(782)		—		—		—		—		(782)		(1,333)		(2,115)
Distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(4,532)		(4,532)
Tax distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(3,453)		(3,453)
Exchange of shares	5,321,675	—	(30,000)	—	(4,541,675)		—		(750,000)		—		23,489		—		—		—		—		23,489		(23,489)		—
Dividends	—	—	—	—	—		—		—		—		(9,398)		—		—		—		—		(9,398)		—		(9,398)
Repurchase and retirement of Class A Common Stock	(4,000,000)	—	—	—		—		—		—		(67,591)		—		—		—		—		(67,591)		(7,569)		(75,160)
Balance, September 30, 2024	93,679,673	$1	877,234	$—	19,750,578		$—		25,046,690		$—		$134,821		$1,472		—		$—		$(7,324)		$128,970		$52,068		$181,038

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
Net income	—	—	—	—	—		—		—		—		—		—		—		—		15,346		15,346		11,517		26,863
Other comprehensive income	—	—	—	—	—		—		—		—		—		833		—		—		—		833		565		1,398
Equity-based compensation expense, net of forfeitures	—	—	—	—	—		—		—		—		2,721		—		—		—		—		2,721		1,845		4,566
Net share settlements of stock-based awards	73,374	—	—	—	—		—		—		—		(218)		—		—		—		—		(218)		(673)		(891)
Distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(4,322)		(4,322)
Tax distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(13,718)		(13,718)
Exchange of shares	1,315,502	—	—	—	(1,315,502)		—		—		—		5,171		—		—		—		—		5,171		(5,171)		—
Dividends	—	—	—	—	—		—		—		—		(6,304)		—		—		—		—		(6,304)		—		(6,304)
Repurchase and retirement of Class A Common Stock	(510,000)	—	—	—		—		—		—		(8,576)		—		—		—		—		(8,576)		(2,451)		(11,027)
Balance, September 30, 2023	89,854,251	$1	907,234	$—	34,776,689		$—		25,796,690		$—		$364,087		$(494)		—		$—		$(87,690)		$275,904		$182,471		$458,375

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.