v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue $ 277,757 $ 219,467 $ 530,760 $ 430,835
Operating expenses:        
Cost of revenue share fee 39,289 31,198 76,167 60,765
Cost of direct salaries and benefits 47,997 47,699 96,249 98,441
Research and development 17,772 18,229 37,223 37,228
Sales and marketing 17,152 14,485 33,106 27,871
General and administrative 65,934 58,532 129,571 113,270
Depreciation and amortization 6,661 6,768 13,491 13,300
Operating income 82,952 42,556 144,953 79,960
Other income (expense):        
Interest income, net 7,932 5,805 14,693 11,958
Other income (expense), net 471 (4,055) 2,454 (3,607)
Income before tax 91,355 44,306 162,100 88,311
Income tax expense (19,045) (6,431) (33,406) (11,853)
Net income 72,310 37,875 128,694 76,458
Less: net income attributable to non-controlling interests 22,260 13,153 39,849 26,331
Net income attributable to Clear Secure, Inc. 50,050 24,722 88,845 50,127
Class A        
Other income (expense):        
Net income attributable to Clear Secure, Inc. $ 49,975 $ 24,560 $ 88,642 $ 49,785
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) $ 0.50 $ 0.26 $ 0.89 $ 0.53
Net income per common share, diluted (in USD per share) $ 0.49 $ 0.26 $ 0.87 $ 0.52
Weighted-average shares of common stock outstanding, basic (in shares) 100,694,482 92,990,661 99,954,645 94,150,710
Weighted-average shares of common stock outstanding, diluted (in shares) 102,768,573 94,418,159 102,037,728 95,667,917
Class B        
Other income (expense):        
Net income attributable to Clear Secure, Inc. $ 75 $ 162 $ 203 $ 341
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) $ 0.50 $ 0.26 $ 0.89 $ 0.53
Net income per common share, diluted (in USD per share) $ 0.49 $ 0.26 $ 0.87 $ 0.52
Weighted-average shares of common stock outstanding, basic (in shares) 151,787 612,443 229,135 644,659
Weighted-average shares of common stock outstanding, diluted (in shares) 151,787 612,443 229,135 644,659