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

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(Note 16)

Net Income per Common Share

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

	Three Months Ended September 30, 2024		Three Months Ended September 30, 2023
	Class A	Class B	Class A	Class B
Basic:
Net income attributable to Clear Secure, Inc.	$23,243	$224	$15,192	$154
Weighted-average number of shares outstanding, basic	92,702,778	891,582	89,189,192	907,234
Net income per common share, basic:	$0.25	$0.25	$0.17	$0.17
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$23,243	$224	$15,192	$154
Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact	68	(3)	29	(1)
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted	23,311	220	15,221	153
Weighted-average number of shares outstanding used to calculate net income per common share, basic	92,702,778	891,582	89,189,192	907,234
Effect of dilutive shares	1,576,293	—	779,363	—
Weighted-average number of shares outstanding, diluted	94,279,071	891,582	89,968,555	907,234
Net income per common share, diluted:	$0.25	$0.25	$0.17	$0.17

	Nine Months Ended September 30, 2024		Nine Months Ended September 30, 2023
	Class A	Class B	Class A	Class B
Basic:
Net income attributable to Clear Secure, Inc.	$65,748	$643	$13,991	$142
Weighted-average number of shares outstanding, basic	92,174,755	901,979	89,436,795	907,234
Net income per common share, basic:	$0.71	$0.71	$0.16	$0.16
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$65,748	$643	$13,991	$142
Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact	132	(6)	(21)	(2)
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted	65,880	637	13,970	140
Weighted-average number of shares outstanding used to calculate net income per common share, basic	92,174,755	901,979	89,436,795	907,234
Effect of dilutive shares	1,089,188	—	1,066,367	—
Weighted-average number of shares outstanding, diluted	93,263,943	901,979	90,503,162	907,234
Net income per common share, diluted:	$0.71	$0.71	$0.15	$0.15

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 per share of Class A Common Stock and Class B Common Stock for the three and nine months ended September 30, 2024 and September 30, 2023:

	Class A	Class B
Exchangeable Alclear Units	19,750,578	25,046,690
RSU’s	460,559	—
Total	20,211,137	25,046,690

	Class A	Class B
Exchangeable Alclear Units	34,776,689	25,796,690
RSU’s	592,397	—
Total	35,369,086	25,796,690

For both the three and nine months ended September 30, 2024, the Company has excluded 4,504,834 potentially dilutive shares from the tables above as they had performance conditions that were not achieved as of the end of the periods above.

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