Clear Secure, Inc.

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

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.

Jun 30, 2025 · Filed Aug 5, 2025

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

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(Note 14)

Net Income per Common Share

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

	Three Months Ended June 30, 2025		Three Months Ended June 30, 2024
	Class A	Class B	Class A	Class B
Basic:
Net income attributable to Clear Secure, Inc.	$24,560	$162	$23,884	$236
Weighted-average number of shares outstanding, basic	92,990,661	612,443	91,984,045	907,234
Net income per common share, basic:	$0.26	$0.26	$0.26	$0.26
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$24,560	$162	$23,884	$236
Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact	57	(2)	31	(1)
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted	24,617	160	23,915	234
Weighted-average number of shares outstanding used to calculate net income per common share, basic	92,990,661	612,443	91,984,045	907,234
Effect of dilutive shares	1,427,498	—	620,974	—
Weighted-average number of shares outstanding, diluted	94,418,159	612,443	92,605,019	907,234
Net income per common share, diluted:	$0.26	$0.26	$0.26	$0.26

	Six Months Ended June 30, 2025		Six Months Ended June 30, 2024
	Class A	Class B	Class A	Class B
Basic:
Net income attributable to Clear Secure, Inc.	$49,785	$341	$42,507	$419
Weighted-average number of shares outstanding, basic	94,150,710	644,659	91,907,842	907,234
Net income per common share, basic:	$0.53	$0.53	$0.46	$0.46
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$49,785	$341	$42,507	$419
Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact	215	(4)	218	(1)
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted	50,000	337	42,725	418
Weighted-average number of shares outstanding used to calculate net income per common share, basic	94,150,710	644,659	91,907,842	907,234
Effect of dilutive shares	1,517,207	—	737,575	—
Weighted-average number of shares outstanding, diluted	95,667,917	644,659	92,645,417	907,234
Net income per common share, diluted:	$0.52	$0.52	$0.46	$0.46

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 and Class B Common Stock for the three and six months ended June 30, 2025 and 2024:

	Class A	Class B
Exchangeable Alclear Units	18,913,114	19,630,246
RSU’s	155,721	—
Total	19,068,835	19,630,246

	Class A	Class B
Exchangeable Alclear Units	24,292,253	25,796,690
RSU’s	749,301	—
Total	25,041,554	25,796,690

For both the three and six months ended June 30, 2025, the Company has excluded 5,077,231 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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