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

12 Months Ended

Dec. 31, 2023

Sterling Check Corp. (Parent Company Only)

Condensed Balance Sheets


	December 31,
(in thousands, except share and par value amounts)	2023		2022
ASSETS
Cash and cash equivalents	$	1,061	$	11
Investment in subsidiaries of Parent	700,883		736,635
Total assets	$	701,944	$	736,646
LIABILITIES AND STOCKHOLDERS’ EQUITY
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred stock ($0.01 par value; 100,000,000 shares authorized; no shares issued or outstanding)	—		—
Common stock ($0.01 par value; 1,000,000,000 shares authorized; 99,966,158 shares issued and 93,194,403 shares outstanding as of December 31, 2023; 97,765,120 shares issued and 96,717,883 shares outstanding as of December 31, 2022)	98		76
Additional paid-in capital	983,283		942,789
Common stock held in treasury (6,771,755 shares and 1,047,237 shares as of December 31, 2023 and 2022, respectively)	(88,918)		(14,859)
Accumulated deficit	(186,564)		(186,448)
Accumulated other comprehensive loss	(5,955)		(4,912)
Total stockholders’ equity	701,944		736,646
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	701,944	$	736,646

Sterling Check Corp. (Parent Company Only)

Condensed Statements of Operations and Comprehensive Income (Loss)


	Year Ended December 31,
(in thousands, except share and per share data)	2023		2022		2021
Equity in net (loss) income of subsidiaries	$	(116)	$	19,410	$	(18,527)
NET (LOSS) INCOME	(116)		19,410		(18,527)
Subsidiaries’ other comprehensive loss	(1,043)		(5,005)		(964)
COMPREHENSIVE (LOSS) INCOME	$	(1,159)	$	14,405	$	(19,491)

Net (loss) income per share attributable to stockholders
Basic	$	0.00	$	0.21	$	(0.21)
Diluted	$	0.00	$	0.20	$	(0.21)
Weighted average number of shares outstanding—basic and diluted
Basic	91,587,311		94,052,435		90,218,386
Diluted	91,587,311		98,866,004		90,218,386