Clear Secure, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 2025
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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Condensed Consolidated Statements of Operations
(dollars in thousands, except share and per share data)
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $211,368 | $179,049 |
| Operating expenses: | ||
| Cost of revenue share fee | 29,567 | $24,364 |
| Cost of direct salaries and benefits | 50,742 | $40,288 |
| Research and development | 18,999 | $20,104 |
| Sales and marketing | 13,386 | $11,622 |
| General and administrative | 54,738 | $52,890 |
| Depreciation and amortization | 6,532 | $6,092 |
| Operating income | 37,404 | 23,689 |
| Other income (expense): | ||
| Interest income, net | 6,153 | $9,925 |
| Other income, net | 448 | $439 |
| Income before tax | 44,005 | 34,053 |
| Income tax expense | (5,422) | $(1,965) |
| Net income | 38,583 | 32,088 |
| Less: net income attributable to non-controlling interests | 13,178 | 13,282 |
| Net income attributable to Clear Secure, Inc. | $25,405 | $18,806 |
| Net income per share of Class A Common Stock and Class B Common Stock (Note 14) | ||
| Net income per common share basic, Class A | $0.26 | $0.20 |
| Net income per common share basic, Class B | $0.26 | $0.20 |
| Net income per common share diluted, Class A | $0.26 | $0.20 |
| Net income per common share diluted, Class B | $0.26 | $0.20 |
| Weighted-average shares of Class A Common Stock outstanding, basic | 95,323,648 | 91,831,639 |
| Weighted-average shares of Class B Common Stock outstanding, basic | 677,234 | 907,234 |
| Weighted-average shares of Class A Common Stock outstanding, diluted | 96,840,018 | 92,506,108 |
| Weighted-average shares of Class B Common Stock outstanding, diluted | 677,234 | 907,234 |
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