HireRight Results Presentation Deck
3nd Quarter Financial Highlights
Revenue
(millions)
(1)
$210.3
I
2022
10.5%
See Reference / Definitions
$188.3
Lower revenue based on reduced hiring volumes driven by
economic headwinds
▪ Technology and Services verticals exhibiting stabilization
New Logos added $15 million of revenue in Q3 2023
High Gross Retention Rate - 96.8%
2023
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AEBITDA and Margin(¹)
(millions)
■
$54.0
25.7%
2022
Margin
+ 201bps
$52.1
27.7%
2023
Significant AEBITDA margin improvement despite lower
revenue
5
Restructuring plan driving improved operating leverage
enabled by technology stack
Gross and EBITDA Margins benefiting from increased
automation, offshoring and restructuring initiatives
Adjusted Net Income(¹)
(millions)
$29.8
2022
17.5%
$24.6
2023
Primarily driven by lower revenue, higher net interest
expense
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