Clear Secure, Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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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.
Jun 30, 2026 · Filed Aug 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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, 2026 | Three Months Ended June 30, 2025 | |||
|---|---|---|---|---|
| Class A | Class B | Class A | Class B | |
| Basic: | ||||
| Net income attributable to Clear Secure, Inc. | $49,975 | $75 | $24,560 | $162 |
| Weighted-average number of shares outstanding, basic | 100,694,482 | 151,787 | 92,990,661 | 612,443 |
| Net income per common share, basic: | $0.50 | $0.50 | $0.26 | $0.26 |
| Diluted: | ||||
| Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic | $49,975 | $75 | $24,560 | $162 |
| Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact | 122 | (1) | 57 | (2) |
| Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted | 50,097 | 74 | 24,617 | 160 |
| Weighted-average number of shares outstanding used to calculate net income per common share, basic | 100,694,482 | 151,787 | 92,990,661 | 612,443 |
| Effect of dilutive shares | 2,074,091 | — | 1,427,498 | — |
| Weighted-average number of shares outstanding, diluted | 102,768,573 | 151,787 | 94,418,159 | 612,443 |
| Net income per common share, diluted: | $0.49 | $0.49 | $0.26 | $0.26 |
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||
|---|---|---|---|---|
| Class A | Class B | Class A | Class B | |
| Basic: | ||||
| Net income attributable to Clear Secure, Inc. | $88,642 | $203 | $49,785 | $341 |
| Weighted-average number of shares outstanding, basic | 99,954,645 | 229,135 | 94,150,710 | 644,659 |
| Net income per common share, basic: | $0.89 | $0.89 | $0.53 | $0.53 |
| Diluted: | ||||
| Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic | $88,642 | $203 | $49,785 | $341 |
| Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact | 371 | (3) | 215 | (4) |
| Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted | 89,013 | 200 | 50,000 | 337 |
| Weighted-average number of shares outstanding used to calculate net income per common share, basic | 99,954,645 | 229,135 | 94,150,710 | 644,659 |
| Effect of dilutive shares | 2,083,083 | — | 1,517,207 | — |
| Weighted-average number of shares outstanding, diluted | 102,037,728 | 229,135 | 95,667,917 | 644,659 |
| Net income per common share, diluted: | $0.87 | $0.87 | $0.52 | $0.52 |
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, 2026 and 2025:
| Class A | Class B | |
|---|---|---|
| Exchangeable Alclear Units | 14,246,787 | 18,380,246 |
| RSU’s | 30,781 | — |
| Total | 14,277,568 | 18,380,246 |
| Class A | Class B | |
|---|---|---|
| Exchangeable Alclear Units | 18,913,114 | 19,630,246 |
| RSU’s | 155,721 | — |
| Total | 19,068,835 | 19,630,246 |
For both the three and six months ended June 30, 2026, the Company has excluded 5,253,880 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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