Condensed Financial Information of Registrant (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheets

Sterling Check Corp. (Parent Company Only)

Condensed Balance Sheets

(in thousands, except share amounts)	December 31, 2020		December 31, 2021
ASSETS
Cash and cash equivalents	$	8	$	8
Investment in subsidiaries of Parent	583,176		709,616
Total assets	$	583,184	$	709,624
LIABILITIES AND STOCKHOLDERS’ EQUITY
Commitments and contingencies (See note 12)
STOCKHOLDERS’ EQUITY:
Preferred stock ($0.01 par value; 100,000,000 shares authorized; no shares issued or outstanding)	—		—
Common stock ($0.01 par value; 239,600,000 shares authorized and 88,554,962 shares issued and outstanding as of December 31, 2020; and 1,000,000,000 shares authorized and 95,854,795 shares issued and 95,746,975 shares outstanding as of December 31, 2021, respectively)	1		68
Additional paid-in capital	770,714		916,578
Common stock held in treasury (107,820 shares in 2019 and 2020)	(897)		(897)
Accumulated deficit	(187,691)		(206,218)
Accumulated other comprehensive (loss) income	1,057		93
Total stockholders’ equity	583,184		709,624
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	583,184	$	709,624

Condensed Statements of Operations and Comprehensive Loss

Sterling Check Corp. (Parent Company Only)

Condensed Statements of Operations and Comprehensive Loss

(in thousands, except share and per share data)	December 31, 2019		December 31, 2020		December 31, 2021
Equity in net loss of subsidiaries	$	(46,682)	$	(52,293)	$	(18,527)
NET LOSS	(46,682)		(52,293)		(18,527)
Subsidiaries’ other comprehensive income	806		2,421		(964)
COMPREHENSIVE LOSS	$	(45,876)	$	(49,872)	$	(19,491)
Net loss per share attributable to stockholders
Basic	$	(0.53)	$	(0.59)	$	(0.21)
Diluted	$	(0.53)	$	(0.59)	$	(0.21)
Weighted average number of shares outstanding—basic      and diluted
Basic	88,154,830		88,345,312		90,218,386
Diluted	88,154,830		88,345,312		90,218,386