HireRight Results Presentation Deck
Q1 2022 Highlights
Q1 revenues up 33% to $199M on higher volumes and increasing average order values
Strength in key verticals: Health care and Technology continue to outpace market
Net revenue retention remains strong at 130%
▪ Q1 2022 International driven orders up 47% vs Q1 2021 (approximately 15% of revenues)
Adjusted EBITDA up 55% to $42M, driven by improved productivity and operating leverage
Margin improved more than 300 bps to 21%
Net leverage improved 20 bps to 3.5x from year-end and over 4 turns compared to Q1 2021
Working capital usage increased in the quarter resulting from higher sales, mix of international sales
and a traditionally slower seasonal collection cycle
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