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HRT Price Correlated With Financials For HireRight Holdings

Free historical financial statements for HireRight Holdings Corp.. See how revenue, income, cash flow, and balance sheet financials have changed over 5 quarters since 2021. Compare with HRT stock chart to see long term trends.

HRT Stock Compared to Quarterly

HRT Income Statement

Revenue, Net:210303000
Revenue Per Share:2.6458
Cost of Goods & Services Sold:110848000
Selling, General & Admin Expense:49378000
Total Operating Expenses:178172000
Operating Income:32131000
Income Taxes:-69704000
Net Income:93289000
Earnings Per Share, Basic:1.17
Shares Outstanding, Basic Avg:79484907

HRT Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:17946000
Change in Accounts Receiveable:-10448000
Net Cash from Operations:35061000
Net Cash from Operations Per Share:0.4411
Net Cash from Financing Activities:-2088000
Property, Plant & Equipment Purchases:1210000
Net Cash from Investing Activities:-4942000
Net Change in Cash & Equivalents:28031000

HRT Balance Sheet

Cash and Cash Equivalents:147814000
Accounts Receivable, Net:165944000
Total Current Assets:330825000
Property, Plant & Equipment, Net:9492000
Total Assets:1605640000
Accounts Payable:11355000
Current Portion of Long-Term Debt:8350000
Total Short-Term Liabilities:132730000
Long Term Debt, Non-Current Portion:684565000
Total Liabilities:1047938000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
GENERAL ATLANTIC, L.P.   Director and 10% Owner
408,099 sh at $13
$5,185,760
Buy
GENERAL ATLANTIC GENPAR (BERMUDA), L.P.   Director and 10% Owner
408,099 sh at $13
$5,185,760
Buy
GENERAL ATLANTIC, L.P.   Director and 10% Owner
279,113 sh at $13
$3,491,816
Buy
GENERAL ATLANTIC GENPAR (BERMUDA), L.P.   Director and 10% Owner
279,113 sh at $13
$3,491,816
Buy
GENERAL ATLANTIC, L.P.   Director and 10% Owner
591,824 sh at $12
$7,013,106
Buy
GENERAL ATLANTIC GENPAR (BERMUDA), L.P.   Director and 10% Owner
591,824 sh at $12
$7,013,106
Buy
GENERAL ATLANTIC, L.P.   Director and 10% Owner
520,108 sh at $11
$5,525,463
Buy
GENERAL ATLANTIC GENPAR (BERMUDA), L.P.   Director and 10% Owner
520,108 sh at $11
$5,525,463
Buy
GENERAL ATLANTIC, L.P.   Director and 10% Owner
554,988 sh at $10
$5,351,802
Buy
GENERAL ATLANTIC GENPAR (BERMUDA), L.P.   Director and 10% Owner
554,988 sh at $10
$5,351,802
Buy
STONE POINT CAPITAL LLC   Director and 10% Owner
62,257 sh at $9
$586,635
Buy
Carey James D   Director
62,257 sh at $9
$586,635
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
General Atlantic LLC
29,719,898 sh
 
$453,526
Stone Point Capital LLC
18,401,140 sh
 
$280,802
Indaba Capital Management, L.P.
2,767,440 sh
-856,981 sh
-24%
$42,231
-$9,272
Ameriprise Financial Inc
2,484,335 sh
8,329 sh
0%
$37,911
$2,726
Massachusetts Financial Services Co /Ma/
2,473,472 sh
-19,502 sh
-1%
$37,745
$2,320
Rubric Capital Management Lp
1,523,266 sh
 
$23,245
Citadel Advisors LLC
1,294,045 sh
64,980 sh
5%
$19,747
$2,282
Vanguard Group Inc
1,245,691 sh
9,145 sh
1%
$19,009
$1,438
Blackrock Inc.
1,105,218 sh
-8,597 sh
-1%
$16,864
$1,036
Jennison Associates LLC
1,087,196 sh
84,025 sh
8%
$16,591
$2,336
Invenomic Capital Management Lp
914,019 sh
-30,962 sh
-3%
$13,948
$520
Emerald Advisers, LLC
844,583 sh
-249 sh
0%
$12,888
$883
Driehaus Capital Management LLC
691,890 sh
-17,587 sh
-2%
$10,558
$476
State Street Corp
392,220 sh
3,570 sh
1%
$5,985
$462
Emerald Mutual Fund Advisers Trust
359,754 sh
-392,932 sh
-52%
$5,490
-$5,206
Geode Capital Management, LLC
353,047 sh
-19,482 sh
-5%
$5,387
$94
Blair William & Co
278,837 sh
-58,903 sh
-17%
$4,255
-$544
Intrinsic Edge Capital Management LLC
252,518 sh
252,518 sh
NEW
$3,853
$3,853
Federated Hermes, Inc.
223,875 sh
223,875 sh
NEW
$3,416
$3,416
Royce & Associates Lp
221,550 sh
111,550 sh
101%
$3,381
$1,818
COMPANY PROFILE
Organization, Basis of Presentation and Consolidation, and Significant Accounting Policies Organization

HireRight GIS Group Holdings LLC (“HGGH”), was formed in July 2018 in connection with the combination of two groups of companies: the HireRight Group and the General Information Services (“GIS”) Group, each of which includes a number of wholly-owned subsidiaries that conduct the Company’s business in the United States, as well as other countries. Since July 2018, the combined group of companies and their subsidiaries have operated as a unified operating company providing screening and compliance services, predominantly under the HireRight brand.

Corporate Conversion and Stock Split

On October 15, 2021, HGGH converted into a Delaware corporation and changed its name to HireRight Holdings Corporation (“HireRight” or the “Company”). In conjunction with the conversion, all of HGGH’s outstanding equity interests were converted into shares of common stock of HireRight Holdings Corporation. The conversion and related transactions are referred to herein as the “Corporate Conversion”. The Corporate Conversion did not affect the assets and liabilities of HGGH, which became the assets and liabilities of HireRight Holdings Corporation.

On October 18, 2021, HireRight Holdings Corporation effected a one-for-15.969236 reverse stock split (the “Stock Split”). All shares of the Company’s common stock, stock-based instruments, and per-share data included in the condensed consolidated financial statements give retroactive effect to the Stock Split.

Initial Public Offering

On November 2, 2021, the Company completed its initial public offering (“IPO”), in which the Company issued 22,222,222 shares of its common stock. The shares began trading on the New York Stock Exchange on October 29, 2021 under the symbol “HRT”. The shares were sold at an IPO price of $19.00 per share for net proceeds of $393.5 million, after deducting underwriting discounts and commissions of $23.2 million and other offering costs payable by the Company of $5.5 million. On November 30, 2021, the Company issued an additional 2,424 shares pursuant to the partial exercise of the underwriters’ option to purchase additional shares for net proceeds of an immaterial amount.

Income Tax Receivable Agreement

In connection with the Company’s IPO, the Company entered into an income tax receivable agreement (the “TRA”), which provides for the payment by the Company over a period of approximately 12 years to pre-IPO equityholders or their permitted transferees of 85% of the benefits, if any, that the Company and its subsidiaries realize, or are deemed to realize (calculated using certain assumptions) in U.S. federal, state, and local income tax savings as a result of the utilization (or deemed utilization) of certain existing tax attributes. As of March 31, 2022 and December 31, 2021, the Company recorded a total liability of $210.6 million in connection with the projected obligations under the TRA on its condensed consolidated balance sheets.

Basis of Presentation and Principles of Consolidation

The unaudited condensed consolidated financial statements include the Company’s accounts and those of its wholly-owned subsidiaries. The unaudited condensed consolidated financial statements are presented in accordance with generally accepted accounting principles in the United States of America ("GAAP") and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting.

Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Therefore, these condensed consolidated financial

statements should be read in conjunction with the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on March 21, 2022 (the “Annual Report”). The

Data imported from HireRight Holdings Corp. SEC filings. Check original filings before making any investment decision.