Net Income per Common Share

3 Months Ended

Mar. 31, 2026

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


	Three Months Ended March 31, 2026
	Class A		Class B
Basic:
Net income attributable to Clear Secure, Inc.	$	38,795	$	120
Weighted-average number of shares outstanding, basic	99,206,588		307,343
Net income per common share, basic:	$	0.39	$	0.39
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$	38,795	$	120
Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact	86		(2)
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted	38,881		118
Weighted-average number of shares outstanding used to calculate net income per common share, basic	99,206,588		307,343
Effect of dilutive shares	1,841,003		—
Weighted-average number of shares outstanding, diluted	101,047,591		307,343
Net income per common share, diluted:	$	0.38	$	0.38


	Three Months Ended March 31, 2025
	Class A		Class B
Basic:
Net income attributable to Clear Secure, Inc.	$	25,225	$	179
Weighted-average number of shares outstanding, basic	95,323,648		677,234
Net income per common share, basic:	$	0.26	$	0.26
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$	25,225	$	179
Add: reallocation of net income to Clear Secure, Inc. to reflect dilutive impact	63		(2)
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, diluted	25,288		177
Weighted-average number of shares outstanding used to calculate net income per common share, basic	95,323,648		677,234
Effect of dilutive shares	1,516,370		—
Weighted-average number of shares outstanding, diluted	96,840,018		677,234
Net income per common share, diluted:	$	0.26	$	0.26

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 months ended March 31, 2026 and 2025:


	Three Months Ended March 31, 2026
	Class A	Class B
Exchangeable Alclear Units	14,266,787	18,630,246
RSU’s	256,306	—
Total	14,523,093	18,630,246


	Three Months Ended March 31, 2025
	Class A	Class B
Exchangeable Alclear Units	15,196,670	24,896,690
RSU’s	242,569	—
Total	15,439,239	24,896,690

For the three months ended March 31, 2026, the Company has excluded 5,452,710 potentially dilutive shares from the tables above as they had performance conditions that were not achieved as of the end of the periods.