Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 77,285 $ 123,416
Accounts receivable, net of allowance for credit losses of $5,182 and $5,422 at March 31, 2024 and December 31, 2023, respectively 131,037 120,724
Prepaid expenses and other current assets 21,472 19,556
Total current assets 229,794 263,696
Property and equipment, net 7,916 6,393
Right-of-use assets, net 5,608 6,150
Intangible assets, net 282,196 297,401
Goodwill 836,568 837,514
Cloud computing software, net 34,450 36,144
Deferred tax assets 83,491 76,736
Other non-current assets 24,887 24,256
Total assets 1,504,910 1,548,290
Current liabilities    
Accounts payable 8,769 9,496
Accrued expenses and other current liabilities 94,194 100,963
Accrued salaries and payroll 20,285 29,392
Debt, current portion 7,500 7,500
Total current liabilities 130,748 147,351
Debt, long-term portion 723,455 726,767
Tax receivable agreement liability, long-term portion 162,669 183,835
Deferred tax liabilities 10,616 10,817
Other non-current liabilities 10,287 10,757
Total liabilities 1,037,775 1,079,527
Commitments and contingent liabilities (Note 12)
Stockholders' equity    
Preferred stock, $0.001 par value, authorized 100,000,000 shares; none issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value, authorized 1,000,000,000 shares; 80,201,053 and 80,199,299 shares issued, and 67,352,961 and 67,351,207 shares outstanding as of March 31, 2024 and December 31, 2023, respectively 80 80
Additional paid-in capital 827,173 823,621
Treasury stock, at cost; 12,848,092 shares repurchased at March 31, 2024 and December 31, 2023 (137,596) (137,596)
Accumulated deficit (230,621) (227,350)
Accumulated other comprehensive loss (9,225) (7,587)
Total HireRight Holdings Corporation stockholders' equity 449,811 451,168
Noncontrolling interest 17,324 17,595
Total stockholders’ equity 467,135 468,763
Total liabilities and stockholders’ equity $ 1,504,910 $ 1,548,290
Treasury stock (in shares) 12,848,092 12,848,092