Net Income (Loss) per Common Share

3 Months Ended

Mar. 31, 2024

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


	Three Months Ended March 31, 2024
	Class A		Class B
Basic:
Net income attributable to Clear Secure, Inc.	$	18,622	$	184
Weighted-average number of shares outstanding, basic	91,831,639		907,234
Net income per common share, basic:	$	0.20	$	0.20
Diluted:
Net income attributable to Clear Secure, Inc. used to calculate net income per common share, basic	$	18,622	$	184
Add: reallocation of net income (loss) to Clear Secure, Inc. to reflect dilutive impact	57		(1)
Net income attributable to Clear Secure, Inc. used to calculate net loss per common share, diluted	18,679		183
Weighted-average number of shares outstanding used to calculate net income per common share, basic	91,831,639		907,234
Effect of dilutive shares	674,469		—
Weighted-average number of shares outstanding, diluted	92,506,108		907,234
Net income per common share, diluted:	$	0.20	$	0.20


	Three Months Ended March 31, 2023
	Class A		Class B
Basic:
Net loss attributable to Clear Secure, Inc.	$	(5,173)	$	(51)
Weighted-average number of shares outstanding, basic	89,555,385		907,234
Weighted-average vested warrants	59,406		—
Weighted-average number of shares outstanding used to calculate net loss per common share, basic	89,614,791		907,234
Net loss per common share, basic:	$	(0.06)	$	(0.06)
Diluted:
Net loss attributable to Clear Secure, Inc. used to calculate net loss per common share, basic	$	(5,173)	$	(51)
Weighted-average number of shares outstanding used to calculate net loss per common share, basic	89,614,791		907,234
Effect of dilutive shares	—		—
Weighted-average number of shares outstanding, diluted	89,614,791		907,234
Net loss per common share, diluted:	$	(0.06)	$	(0.06)

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 (loss) per share of Class A and Class B common stock for the three months ended March 31, 2024 and 2023:


	Three Months Ended March 31, 2024
	Class A	Class B
Exchangeable Alclear Units	30,609,111	25,796,690
RSU’s	823,456	—
Total	31,432,567	25,796,690


	Three Months Ended March 31, 2023
	Class A	Class B
Exchangeable Alclear Units	36,242,191	25,796,690
RSA’s	60,044	—
RSU’s	4,094,124	—
Total	40,396,359	25,796,690

For the three months ended March 31, 2024, the Company has excluded 4,824,090 potentially dilutive shares from the tables above as they had performance conditions that were not achieved as of the end of the periods above.