HRT · Hireright Holdings Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $173.20M | - | $188.26M | $192.12M | $175.45M | - | $210.30M | $176.98M | $198.71M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $54.73M | - | $48.59M | $56.13M | $59.73M | - | $49.38M | $43.22M | $48.27M | - |
| Total Operating Expenses | $165.54M | - | $162.07M | $173.47M | $176.59M | - | $178.17M | $159.77M | $143.82M | - |
| D&A | $19.17M | - | $19.06M | $18.77M | $18.42M | - | $17.95M | $18.24M | $18.24M | - |
| Operating Income | $7.66M | - | $26.19M | $18.65M | ($1.15M) | - | $32.13M | $17.21M | $19.98M | - |
| Interest Expense | $17.73M | - | $22.45M | $13.54M | $12.40M | - | $8.46M | $18.21M | $7.56M | - |
| Income Tax | ($6.53M) | - | $4.45M | $2.36M | ($5.94M) | - | ($69.70M) | $430.0K | $818.0K | - |
| Net Income | ($3.27M) | - | ($1.66M) | $2.51M | ($7.91M) | - | $93.29M | $24.45M | $11.56M | - |
| EPS - Basic | ($0.05) | - | ($0.02) | $0.03 | ($0.10) | - | $1.17 | ($0.06) | $0.15 | - |
| EPS - Diluted | ($0.05) | - | ($0.02) | $0.03 | ($0.10) | - | $1.17 | ($0.06) | $0.15 | - |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $77.28M | $123.42M | $103.22M | $77.49M | $127.41M | $162.09M | $146.51M | $118.44M | $87.61M | $111.03M |
| Accounts Receivable | $131.04M | $120.72M | $139.56M | $142.40M | $134.31M | $136.66M | $165.94M | $176.37M | $172.00M | $142.47M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $8.77M | $9.50M | $11.74M | $10.54M | $9.44M | $11.57M | $11.36M | $7.12M | $9.51M | $13.69M |
| Current Assets | $229.79M | $263.70M | $268.89M | $239.07M | $281.92M | $318.80M | $330.82M | $312.57M | $275.18M | $277.27M |
| Total Assets | $1.50B | $1.55B | $1.56B | $1.51B | $1.57B | $1.61B | $1.61B | $1.54B | $1.52B | $1.52B |
| Current Liabilities | $130.75M | $147.35M | $152.23M | $143.89M | $146.80M | $126.20M | $132.73M | $140.46M | $129.28M | $143.27M |
| Long-term Debt | $723.46M | $726.77M | $726.34M | $680.51M | $681.85M | $683.21M | $684.57M | $685.93M | $687.30M | $688.68M |
| Total Liabilities | $1.04B | $1.08B | $1.08B | $1.02B | $1.03B | $1.04B | $1.05B | $1.07B | $1.06B | $1.08B |
| Stockholders' Equity | $449.81M | $451.17M | $459.16M | $486.40M | $538.98M | $568.32M | $557.70M | $478.47M | $253.09M | $445.72M |
| Retained Earnings | ($230.62M) | ($227.35M) | ($222.84M) | ($221.19M) | ($223.70M) | ($215.79M) | ($231.06M) | ($324.35M) | ($348.80M) | ($360.36M) |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($9.23M) | - | - | - | ($5.01M) | - | - | - | $3.19M | - |
| Investing Cash Flow | ($5.55M) | - | - | - | ($4.61M) | - | - | - | ($2.67M) | - |
| Financing Cash Flow | ($30.92M) | - | - | - | ($26.67M) | - | - | - | ($20.53M) | - |
| CapEx | $2.65M | - | - | - | $693.0K | - | - | - | $1.87M | - |
| Free Cash Flow | ($11.88M) | - | - | - | ($5.71M) | - | - | - | $1.32M | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 4.4% | - | 13.9% | 9.7% | -0.7% | - | 15.3% | 9.7% | 10.1% | - |
| EBITDA margin | 15.5% | - | 24.0% | 19.5% | 9.8% | - | 23.8% | 20.0% | 19.2% | - |
| Net margin | -1.9% | - | -0.9% | 1.3% | -4.5% | - | 44.4% | 13.8% | 5.8% | - |
| Free cash flow margin | -6.9% | - | - | - | -3.3% | - | - | - | 0.7% | - |
| FCF / Net income | 3.63 | - | - | - | 0.72 | - | - | - | 0.11 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 31.6% | - | 25.8% | 29.2% | 34.0% | - | 23.5% | 24.4% | 24.3% | - |
| Effective tax rate | - | - | 159.2% | 48.4% | - | - | -295.5% | 1.7% | 6.6% | - |
| Return on assets | -0.2% | - | -0.1% | 0.2% | -0.5% | - | 5.8% | 1.6% | 0.8% | - |
| Return on equity | -0.7% | - | -0.4% | 0.5% | -1.5% | - | 16.7% | 5.1% | 4.6% | - |
| Return on invested capital | 0.5% | - | 1.1% | 0.8% | -0.1% | - | 2.6% | 1.5% | 2.0% | - |
| Liquidity | ||||||||||
| Current ratio | 1.76 | 1.79 | 1.77 | 1.66 | 1.92 | 2.53 | 2.49 | 2.23 | 2.13 | 1.94 |
| Quick ratio | 1.76 | 1.79 | 1.77 | 1.66 | 1.92 | 2.53 | 2.49 | 2.23 | 2.13 | 1.94 |
| Cash ratio | 0.59 | 0.84 | 0.68 | 0.54 | 0.87 | 1.28 | 1.10 | 0.84 | 0.68 | 0.77 |
| Leverage | ||||||||||
| Debt / Equity | 1.61 | 1.61 | 1.58 | 1.40 | 1.27 | 1.20 | 1.23 | 1.43 | 2.72 | 1.55 |
| Debt / Assets | 0.48 | 0.47 | 0.47 | 0.45 | 0.43 | 0.43 | 0.43 | 0.44 | 0.45 | 0.45 |
| Debt / EBITDA | 26.96 | - | 16.05 | 18.19 | 39.48 | - | 13.67 | 19.35 | 17.98 | - |
| Interest coverage | 0.4x | - | 1.2x | 1.4x | -0.1x | - | 3.8x | 0.9x | 2.6x | - |
| Equity multiplier | 3.35 | 3.43 | 3.40 | 3.10 | 2.91 | 2.83 | 2.88 | 3.23 | 6.01 | 3.42 |
| Liabilities / Assets | 0.69 | 0.70 | 0.69 | 0.68 | 0.66 | 0.65 | 0.65 | 0.69 | 0.70 | 0.71 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | - | 0.12 | 0.13 | 0.11 | - | 0.13 | 0.11 | 0.13 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 276d | - | 271d | 271d | 279d | - | 288d | 364d | 316d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.3% | - | -10.5% | 8.6% | -11.7% | - | 2.6% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -18.5% | 8.4% | - | - | 21.4% | - | - | - |
| Net income growth (YoY) | 58.7% | - | - | -89.7% | - | - | 1181.3% | - | - | - |
| EPS growth (YoY) | 50.0% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -108.1% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -16.5% | -20.6% | -17.7% | 1.7% | 113.0% | 27.5% | 110.9% | - | - | 73.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$721.88M totalService$516.00M · 71.5%
Surcharge$205.87M · 28.5%
Geographic
$721.88M totalUS$666.91M · 92.4%
Non Us$54.96M · 7.6%
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing HireRight Holdings Corp against the 5 most active filers in the same SIC group.