Clear Secure Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
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 exhibitsContents
Consolidated Balance Sheets
(dollars in thousands, except share and per share data)
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $66,892 | $57,900 |
| Marketable securities | 542,605 | 665,197 |
| Accounts receivable | 511 | 526 |
| Prepaid revenue share fee | 24,652 | 24,402 |
| Prepaid expenses and other current assets | 27,558 | 22,009 |
| Total current assets | 662,218 | 770,034 |
| Property and equipment, net | 56,869 | 62,611 |
| Right of use asset, net | 108,885 | 115,874 |
| Intangible assets, net | 15,300 | 20,825 |
| Goodwill | 62,757 | 62,757 |
| Restricted cash | 3,456 | 4,501 |
| Other assets | 285,447 | 8,407 |
| Total assets | $1,194,932 | $1,045,009 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $18,020 | $11,781 |
| Accrued liabilities | 185,281 | 164,015 |
| Deferred revenue | 439,753 | 376,253 |
| Total current liabilities | 643,054 | 552,049 |
| Other long term liabilities | 313,938 | 123,736 |
| Total liabilities | 956,992 | 675,785 |
| Commitments and contingencies (Note 18) | ||
| Class A Common Stock, $0.00001 par value—1,000,000,000 shares authorized; 96,794,826 and 91,786,941 shares issued and outstanding as of December 31, 2024 and 2023, respectively. | 1 | 1 |
| Class B Common Stock, $0.00001 par value—100,000,000 shares authorized; 677,234 and 907,234 shares issued and outstanding as of December 31, 2024 and 2023, respectively. | — | — |
| Class C Common Stock, $0.00001 par value—200,000,000 shares authorized; 15,287,620 and 32,234,914 shares issued and outstanding as of December 31, 2024 and 2023, respectively | — | — |
| Class D Common Stock, $0.00001 par value—100,000,000 shares authorized; 24,896,690 and 25,796,690 shares issued and outstanding as of December 31, 2024 and 2023, respectively | — | — |
| Accumulated other comprehensive income | 343 | 2,050 |
| Treasury stock at cost, 0 shares as of December 31, 2024 and 2023, respectively | — | — |
| Retained earnings (accumulated deficit) | 83,778 | (73,714) |
| Additional paid-in capital | 114,231 | 304,992 |
| Total stockholders’ equity attributable to Clear Secure, Inc. | 198,353 | 233,329 |
| Non-controlling interest | 39,587 | 135,895 |
| Total stockholders’ equity | 237,940 | 369,224 |
| Total liabilities and stockholders’ equity | $1,194,932 | $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.