Clear Secure, Inc.

For the period ended Sep 30, 2026. Filed Nov 4, 2026.

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.

Sep 30, 2026 · Filed Nov 4, 2026

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 Changes in Stockholders' Equity

(dollars in thousands, except share data)

Class A · Class B · Class C · Class D · Additional paid in capital · Accumulated other comprehensive income · Treasury Stock · Retained earnings · Total stockholders’ equity attributable to Clear Secure, Inc. · Non-controlling Interest · Total stockholders’ equity
Number of shares · Amount · Number of Shares · Amount · Number of Shares · Amount · Number of Shares · Amount · Number of Shares · Amount
Balance, January 1, 2026	97,986,631	$1	351,787	$—	15,745,891		$—		19,130,246		$—		$57,102		$840		—		$—		$119,791		$177,734		$26,651		$204,385
Net income	—	—	—	—	—		—		—		—		—		—		—		—		38,795		38,795		17,589		56,384
Other comprehensive loss	—	—	—	—	—		—		—		—		—		(1,155)		—		—		—		(1,155)		(395)		(1,550)
Equity-based compensation expense, net of forfeitures	—	—	—	—	—		—		—		—		8,628		—		—		—		—		8,628		2,939		11,567
Net share settlements of stock-based awards	371,788	—	—	—	—		—		—		—		(9,371)		—		—		—		—		(9,371)		(3,874)		(13,245)
Distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(4,948)		(4,948)
Tax distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(6,708)		(6,708)
Exchange of shares	2,179,104	—	(200,000)	—	(1,479,104)		—		(500,000)		—		2,708		—		—		—		—		2,708		(2,708)		—
Dividends	—	—	—	—		—		—		—		—		—		—		—		(15,064)		(15,064)		—		(15,064)
Special Dividends	—	—	—	—	—		—		—		—		—		—		—		—		(20,105)		(20,105)			(20,105)
Tax Receivable Agreement and related changes to deferred tax assets associated with adjustments in tax basis	—	—	—	—	—		—		—		—		4,156		—		—		—		—		4,156			4,156
Repurchase and retirement of Class A Common Stock	(39,901)	—	—	—	—		—		—		—		(978)		—		—		—		—		(978)		(260)		(1,238)
Balance, March 31, 2026	100,497,622	$1	151,787	$—	14,266,787		$—		18,630,246		$—		$62,245		$(315)		—		$—		$123,417		$185,348		$28,286		$213,634
Net income	—	—	—	—	—		—		—		—		—		—		—		—		50,050		50,050		22,260		72,310
Other comprehensive loss	—	—	—	—	—		—		—		—		—		(438)		—		—		—		(438)		(142)		(580)
Equity-based compensation expense, net of forfeitures	—	—	—	—	—		—		—		—		8,588		—		—		—		—		8,588		2,776		11,364
Net share settlements of stock-based awards	1,173,006	—	—	—	—		—		—		—		(23,105)		—		—		—		—		(23,105)		(8,419)		(31,524)
Distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(4,927)		(4,927)
Tax distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(2,748)		(2,748)
Exchange of shares	270,000	—	—	—	(20,000)		—		(250,000)		—		166		—		—		—		—		166		(166)		—
Dividends	—	—	—	—	—		—		—		—		—		—		—		—		(15,117)		(15,117)		—		(15,117)
Tax Receivable Agreement and related changes to deferred tax assets associated with adjustments in tax basis	—	—	—	—	—		—		—		—		751		—		—		—		—		751		—		751
Repurchase and retirement of Class A Common Stock	—	—	—	—		—		—		—		—		—		—		—		—		—		—		—
Balance, June 30, 2026	101,940,628	$1	151,787	$—	14,246,787		$—		18,380,246		$—		$48,645		$(753)		—		$—		$158,350		$206,243		$36,920		$243,163

Balance, June 30, 2026	101,940,628	$1	151,787	$—	14,246,787	$—	18,380,246	$—	$48,645	$(753)	—	$—	$158,350	$206,243	$36,920		$243,163
Net income	—	—	—	—	—	—	—	—	—	—	—	—	53,171	53,171	22,171		75,342
Other comprehensive loss	—	—	—	—	—	—	—	—	—	(1,808)	—	—	—	(1,808)	(579)		(2,387)
Equity-based compensation expense, net of forfeitures	—	—	—	—	—	—	—	—	10,521	—	—	—	—	10,521	3,360		13,881
Net share settlements of stock-based awards	238,516	—	—	—	—	—	—	—	(5,420)	—	—	—	—	(5,420)	(1,729)		(7,149)
Distribution to members	—	—	—	—	—	—	—	—	—	—	—	—	—	—	(4,759)		(4,759)
Tax distribution to members	—	—	—	—	—	—	—	—	—	—	—	—	—	—	(3,705)		(3,705)
Conversion of shares	151,787	—	(151,787)	—	18,380,246	—	(18,380,246)	—	—	—	—	—	—	—		—
Exchange of shares	847,261	—	—	—	(847,261)	—	—	—	(5)	—	—	—	—	(5)	5		—
Dividends	—	—	—	—	—	—	—	—	—	—	—	—	(15,077)	(15,077)	—		(15,077)
Tax Receivable Agreement and related changes to deferred tax assets associated with adjustments in tax basis	—	—	—	—	—	—	—	—	2,120	—	—	—	—	2,120	—		2,120
Repurchase and retirement of Class A Common Stock	(3,699,272)	—	—	—	—	—	—	—	(55,861)	—	—	—	(73,682)	(129,543)	(41,404)		(170,947)
Balance, September 30, 2026	99,478,920	$1	—	$—	31,779,772	$—	—	$—	$—	$(2,561)	—	$—	$122,762	$120,202	$10,280		$130,482

Class A · Class B · Class C · Class D · Additional paid in capital · Accumulated other comprehensive loss · Treasury Stock · Retained Earnings · Total stockholders’ equity attributable to Clear Secure, Inc. · Non-controlling interest · Total stockholders’ equity
Number of shares · Amount · Number of shares · Amount · Number of shares · Amount · Number of shares · Amount · Number of shares · Amount
Balance, January 1, 2025	96,794,826	$1	677,234	$—	15,287,620		$—		24,896,690		$—		$114,231		$343		—		$—		$83,778		$198,353		$39,587		$237,940
Net income	—	—	—	—	—		—		—		—		—		—		—		—		25,405		25,405		13,178		38,583
Other comprehensive income	—	—	—	—	—		—		—		—		—		179		—		—		—		179		75		254
Equity-based compensation expense, net of forfeitures	—	—	—	—	—		—		—		—		5,635		—		—		—		—		5,635		2,368		8,003
Net share settlements of stock-based awards	318,367	—	—	—	—		—		—		—		(1,690)		—		—		—		—		(1,690)		(931)		(2,621)
Distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(5,011)		(5,011)
Tax distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(11,637)		(11,637)
Exchange of shares	90,950	—	—	—	(90,950)		—		—		—		45		—		—		—		—		45		(45)		—
Dividends	—	—	—	—		—		—		—		—		—		—		—		(11,720)		(11,720)			(11,720)
Special Dividends	—	—	—	—	—		—		—		—		—		—		—		—		(25,316)		(25,316)			(25,316)
Tax Receivable Agreement and related changes to deferred tax assets associated with adjustments in tax basis	—	—	—	—	—		—		—		—		173		—		—		—		—		173		—		173
Repurchase and retirement of Class A Common Stock	(4,267,758)	—	—	—	—		—		—		—		(74,374)		—		—		—		—		(74,374)		(28,286)		(102,660)
Balance, March 31, 2025	92,936,385	$1	677,234	$—	15,196,670		$—		24,896,690		$—		$44,020		$522		—		$—		$72,147		$116,690		$9,298		$125,988
Net income	—	—	—	—	—		—		—		—		—		—		—		—		24,722		24,722		13,153		37,875
Other comprehensive income	—	—	—	—	—		—		—		—		—		65		—		—		—		65		27		92
Equity-based compensation expense, net of forfeitures	—	—	—	—	—		—		—		—		7,340		—		—		—		—		7,340		3,071		10,411
Net share settlements of stock-based awards	200,002	—	—	—	—		—		—		—		(1,343)		—		—		—		—		(1,343)		(975)		(2,318)
Distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(4,828)		(4,828)
Tax distribution to members	—	—	—	—	—		—		—		—		—		—		—		—		—		—		(6,253)		(6,253)
Exchange of shares	1,675,447	—	(125,447)	—	3,716,444		—		(5,266,444)		—		2,437		—		—		—		—		2,437		(2,437)		—
Dividends	—	—	—	—	—		—		—		—		—		—		—		—		(11,782)		(11,782)		—		(11,782)
Tax Receivable Agreement and related changes to deferred tax assets associated with adjustments in tax basis	—	—	—	—	—		—		—		—		1,915		—		—		—		—		1,915		—		1,915
Repurchase and retirement of Class A Common Stock	(1,026,840)	—	—	—		—		—		—		(18,705)		—		—		—		—		(18,705)		(5,707)		(24,412)
Balance, June 30, 2025	93,784,994	$1	551,787	$—	18,913,114		$—		19,630,246		$—		$35,664		$587		—		$—		$85,087		$121,339		$5,349		$126,688

Balance, June 30, 2025	93,784,994	$1	551,787	$—	18,913,114	$—	19,630,246		$—		$35,664		$587		—		$—		$85,087		$121,339		$5,349		$126,688
Net income	—	—	—	—	—	—	—		—		—		—		—		—		28,279		28,279		16,865		45,144
Other comprehensive income	—	—	—	—	—	—	—		—		—		221		—		—		—		221		85		306
Equity-based compensation expense, net of forfeitures	—	—	—	—	—	—	—		—		7,093		—		—		—		—		7,093		2,740		9,833
Net share settlements of stock-based awards	241,344	—	—	—	—	—	—		—		(4,081)		—		—		—		—		(4,081)		(1,861)		(5,942)
Distribution to members	—	—	—	—	—	—	—		—		—		—		—		—		—		—		(4,471)		(4,471)
Tax distribution to members	—	—	—	—	—	—	—		—		—		—		—		—		—		—		1,208		1,208
Exchange of shares	3,167,223	—	(200,000)	—	(2,967,223)	—		—		2,686		—		—		—		—		2,686		(2,686)		—
Dividends	—	—	—	—	—	—	—		—		—		—		—		—		(12,119)		(12,119)		—		(12,119)
Tax Receivable Agreement and related changes to deferred tax assets associated with adjustments in tax basis	—	—	—	—	—	—	—		—		4,627		—		—		—		—		4,627		—		4,627
Repurchase and retirement of Class A Common Stock	—	—	—	—	—	—	—		—		524		—		—		—		—		524		203		727
Balance, September 30, 2025	97,193,561	$1	351,787	$—	15,945,891	$—	19,630,246		$—		$46,513		$808		—		$—		$101,247		$148,569		$17,432		$166,001

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.