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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 3 quarters since 2021. Compare with HRT stock chart to see long term trends.

HRT Stock Compared to Quarterly

HRT Income Statement

Revenue, Net:198711000
Revenue Per Share:2.5029
Cost of Goods & Services Sold:112403000
Selling, General & Admin Expense:48267000
Total Operating Expenses:178731000
Operating Income:19980000
Income Taxes:902000
Net Income:11564000
Earnings Per Share, Basic:0.15
Shares Outstanding, Basic Avg:79392937

HRT Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:18061000
Change in Accounts Receiveable:29852000
Net Cash from Operations:-2015000
Net Cash from Operations Per Share:-0.0254
Net Cash from Financing Activities:-20533000
Property, Plant & Equipment Purchases:1867000
Net Cash from Investing Activities:-4529000
Net Change in Cash & Equivalents:-27077000

HRT Balance Sheet

Cash and Cash Equivalents:88717000
Accounts Receivable, Net:171999000
Total Current Assets:275184000
Property, Plant & Equipment, Net:10421000
Total Assets:1521841000
Accounts Payable:9510000
Current Portion of Long-Term Debt:8350000
Total Short-Term Liabilities:129282000
Long Term Debt, Non-Current Portion:687304000
Total Liabilities:1058080000

Insider Trading

SEC Form 4
Carey James D   Director
348,077 sh at $14
Carey James D   Director
1,504,981 sh at $15
STONE POINT CAPITAL LLC   Director and 10% Owner
824,156 sh at $15
STONE POINT CAPITAL LLC   Director and 10% Owner
650,834 sh at $15
6,805 sh at $15
STONE POINT CAPITAL LLC   Director and 10% Owner
29,991 sh at $15
25,109 sh at $12
STONE POINT CAPITAL LLC   Director and 10% Owner
106,642 sh at $15
STONE POINT CAPITAL LLC   Director and 10% Owner
237,093 sh at $14

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Massachusetts Financial Services Co /Ma/
2,405,691 sh
741,909 sh
Rubric Capital Management Lp
1,523,266 sh
1,523,266 sh
Simcoe Capital Management, LLC
1,260,525 sh
1,260,525 sh
Vanguard Group Inc
1,124,494 sh
22,719 sh
Blackrock Inc.
1,006,910 sh
23,943 sh
Jennison Associates LLC
975,307 sh
254,352 sh
Emerald Advisers, LLC
883,124 sh
80,684 sh
Emerald Mutual Fund Advisers Trust
752,686 sh
-62,614 sh
Geode Capital Management, LLC
381,012 sh
20,347 sh
Blair William & Co
347,435 sh
243,690 sh
JPMorgan Chase & Co
308,156 sh
-101,279 sh
Brant Point Investment Management LLC
307,982 sh
-94,366 sh
Ghisallo Capital Management LLC
225,000 sh
Northern Trust Corp
191,559 sh
-10,571 sh
Charles Schwab Investment Management Inc
160,609 sh
4,713 sh
American Century Companies Inc
122,107 sh
-1,546,277 sh
Renaissance Technologies LLC
88,400 sh
77,500 sh
Vontobel Holding Ltd.
68,998 sh
-5,098 sh
Bank Of New York Mellon Corp
66,612 sh
8,527 sh
Exoduspoint Capital Management, Lp
60,291 sh
-58,504 sh
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.