HireRight Results Presentation Deck
2nd Quarter Financial Highlights
Revenue
(millions)
(1)
■
$222.3
■
2022
13.6%
Lower revenue based on reduced hiring demand from
customers
▪ Technology and Services verticals primary drivers
New Business revenue - $13 million in Q2 2023
High Gross Retention Rate - 97.4%
See Reference / Definitions
$192.1
@ 2023 HireRight. All Rights Reserved.
2023
Adjusted EBITDA and Margin(¹)
(millions)
$53.7
24.1%
2022
Margin
+ 300 bps
$52.7
LO
27.4%
Significant Adjusted EBITDA margin improvement despite
lower revenue
5
2023
Improved operating leverage and margin expansion
benefiting from increased automation, offshoring and
restructuring initiatives
Adjusted Net Income (¹)
(millions)
$31.8
2022
19.8%
$25.5
2023
Primarily driven by lower revenue, higher net interest
expense
HIRE RIGHTView entire presentation