Clear Secure Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I - FINANCIAL INFORMATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except share and per share data)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $32,885 | $57,900 |
| Marketable securities | 511,812 | 665,197 |
| Accounts receivable | 639 | 526 |
| Prepaid revenue share fee | 25,179 | 24,402 |
| Prepaid expenses and other current assets | 25,222 | 22,009 |
| Total current assets | 595,737 | 770,034 |
| Property and equipment, net | 57,760 | 62,611 |
| Right of use asset, net | 111,046 | 115,874 |
| Intangible assets, net | 16,875 | 20,825 |
| Goodwill | 62,757 | 62,757 |
| Restricted cash | 3,410 | 4,501 |
| Other assets | 10,992 | 8,407 |
| Total assets | $858,577 | $1,045,009 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $10,876 | $11,781 |
| Accrued liabilities | 129,731 | 164,015 |
| Deferred revenue | 417,078 | 376,253 |
| Total current liabilities | 557,685 | 552,049 |
| Other long term liabilities | 119,854 | 123,736 |
| Total liabilities | 677,539 | 675,785 |
| Commitments and contingencies (Note 18) | ||
| Class A Common Stock, $0.00001 par value - 1,000,000,000 shares authorized; 93,679,673 and 91,786,941 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 1 | 1 |
| Class B Common Stock, $0.00001 par value - 100,000,000 shares authorized; 877,234 and 907,234 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Class C Common Stock, $0.00001 par value - 200,000,000 shares authorized; 19,750,578 and 32,234,914 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Class D Common Stock, $0.00001 par value - 100,000,000 shares authorized; 25,046,690 and 25,796,690 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Accumulated other comprehensive income | 1,472 | 2,050 |
| Treasury stock at cost, 0 shares as of September 30, 2024 and December 31, 2023 | — | — |
| Accumulated deficit | (7,324) | (73,714) |
| Additional paid-in capital | 134,821 | 304,992 |
| Total stockholders’ equity attributable to Clear Secure, Inc. | 128,970 | 233,329 |
| Non-controlling interest | 52,068 | 135,895 |
| Total stockholders’ equity | 181,038 | 369,224 |
| Total liabilities and stockholders’ equity | $858,577 | $1,045,009 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.