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$55.09-1.3%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 September 30, 2026		Three Months Ended September 30, 2025
	Class A	Class B	Class A	Class B
Basic:
Net income attributable to Clear Secure, Inc.	$53,170	$1	$28,131	$148
Weighted-average number of shares outstanding, basic	101,190,200	1,650	95,912,490	503,961
Net income per common share, basic:	$0.53	$0.53	$0.29	$0.29
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$53,170	$1	$28,131	$148
Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact	96	—	75	(3)
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted	53,266	1	28,206	145
Weighted-average number of shares outstanding used to calculate net income per common share, basic	101,190,200	1,650	95,912,490	503,961
Effect of dilutive shares	1,526,880	—	1,920,301	—
Weighted-average number of shares outstanding, diluted	102,717,080	1,650	97,832,791	503,961
Net income per common share, diluted:	$0.52	$0.52	$0.29	$0.29

	Nine Months Ended September 30, 2026		Nine Months Ended September 30, 2025
	Class A	Class B	Class A	Class B
Basic:
Net income attributable to Clear Secure, Inc.	$141,801	$215	$77,915	$491
Weighted-average number of shares outstanding, basic	100,371,022	152,473	94,744,889	597,245
Net income per common share, basic:	$1.41	$1.41	$0.82	$0.82
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$141,801	$215	$77,913	$491
Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact	657	(3)	342	(6)
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted	142,458	212	78,255	485
Weighted-average number of shares outstanding used to calculate net income per common share, basic	100,371,022	152,473	94,744,889	597,245
Effect of dilutive shares	1,859,178	—	1,720,710	—
Weighted-average number of shares outstanding, diluted	102,230,200	152,473	96,465,599	597,245
Net income per common share, diluted:	$1.39	$1.39	$0.81	$0.81

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 nine months ended September 30, 2026 and 2025:

	Class A	Class B
Exchangeable Alclear Units	31,779,772	—
RSUs	105,342	—
Total	31,885,114	—

	Class A	Class B
Exchangeable Alclear Units	15,945,891	19,630,246
RSUs	85,314	—
Total	16,031,205	19,630,246

For both the three and nine months ended September 30, 2026, the Company has excluded 893,234 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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