v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue $ 253,003 $ 211,368
Operating expenses:    
Cost of revenue share fee 36,878 29,567
Cost of direct salaries and benefits 48,252 50,742
Research and development 19,451 18,999
Sales and marketing 15,954 13,386
General and administrative 63,637 54,738
Depreciation and amortization 6,830 6,532
Operating income 62,001 37,404
Other income (expense):    
Interest income, net 6,761 6,153
Other income, net 1,983 448
Income before tax 70,745 44,005
Income tax expense (14,361) (5,422)
Net income 56,384 38,583
Less: net income attributable to non-controlling interests 17,589 13,178
Net income attributable to Clear Secure, Inc. 38,795 25,405
Class A    
Other income (expense):    
Net income attributable to Clear Secure, Inc. $ 38,795 $ 25,225
Net income per share of Class A Common Stock and Class B Common Stock (Note 14)    
Net income per common share, basic (in USD per share) $ 0.39 $ 0.26
Net income per common share, diluted (in USD per share) $ 0.38 $ 0.26
Weighted-average shares of Class A and B Common Stock outstanding, basic (in shares) 99,206,588 95,323,648
Weighted-average shares of Class A and B Common Stock outstanding, diluted (in shares) 101,047,591 96,840,018
Class B    
Other income (expense):    
Net income attributable to Clear Secure, Inc. $ 120 $ 179
Net income per share of Class A Common Stock and Class B Common Stock (Note 14)    
Net income per common share, basic (in USD per share) $ 0.39 $ 0.26
Net income per common share, diluted (in USD per share) $ 0.38 $ 0.26
Weighted-average shares of Class A and B Common Stock outstanding, basic (in shares) 307,343 677,234
Weighted-average shares of Class A and B Common Stock outstanding, diluted (in shares) 307,343 677,234