Overview
- IndustryServices-Computer Processing & Data Preparation1
- HeadquartersIndependence, Ohio1
- Incorporated inDE2
- Business addressSterling Checkcorp Inc., 6150 Oak Tree Boulevard, Suite 490, Independence, Oh 441312
- Filer category, Emerging growth company2
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Sterling Check Corp. (“the Company,” “Sterling,” “we,” “us” or “our”) is incorporated in the state of Delaware and its principal executive offices are at 6150 Oak Tree Boulevard, Suite 490, Independence, Ohio. Our phone number is 1 (800) 853-3228 and our website address is www.sterlingcheck.com. Our common stock is traded on the Nasdaq Stock Market LLC under the symbol “STER”.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Selling, general and admin24¢$173.8M
- Other costs74¢$533.5M
- Income tax2¢$12.4M
Out of $719.6M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2023
- Capital spending3¢$2.6M
- Share buybacks70¢$67.8M
- Kept or used elsewhere27¢$26.5M
Out of $96.9M of cash from operations.5
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenue | $497.1M6 | $454.1M7 | $641.9M5 | $766.8M5 | $719.6M5 | |
| Selling, general and admin | $147.2M6 | $122.6M7 | $198.7M5 | $175.5M5 | $173.8M5 | |
| Operating expenses | $641.5M5 | $707.8M5 | $673.0M5 | |||
| Operating income | -$13.4M6 | -$23.1M7 | $368.0K5 | $59.0M5 | $46.6M5 | |
| Income before tax | -$29.0M5 | $28.1M5 | $12.3M5 | |||
| Income tax | -$11.8M6 | -$11.6M7 | -$10.5M5 | $8.7M5 | $12.4M5 | |
| Net income | -$46.7M6 | -$52.3M7 | -$18.5M5 | $19.4M5 | -$116.0K5 | |
| Earnings per share | -$0.536 | -$0.597 | -$0.215 | $0.215 | $0.005 | |
| Earnings per share (diluted) | -$0.536 | -$0.597 | -$0.215 | $0.205 | $0.005 | |
| Shares (weighted, basic) | 90.2M shares5 | 94.1M shares5 | 91.6M shares5 | |||
| Shares (weighted, diluted) | 90.2M shares5 | 98.9M shares5 | 91.6M shares5 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Cash | $55.4M6 | $50.3M7 | $66.6M6 | $48.0M7 | $103.1M5 | $54.2M5 |
| Receivables | $127.9M7 | $139.6M5 | $142.2M5 | |||
| Current assets | $162.9M6 | $200.0M7 | $270.7M5 | $224.8M5 | ||
| Property, plant and equipment | $11.1M7 | $10.3M5 | $7.7M5 | |||
| Goodwill | $852.5M5 | $849.6M5 | $879.4M5 | |||
| Intangible assets | $297.1M7 | $241.0M5 | $230.2M5 | |||
| Total assets | $1.3B6 | $1.4B7 | $1.4B5 | $1.4B5 | ||
| Accounts payable | $31.1M7 | $38.4M5 | $38.9M5 | |||
| Short-term debt | $6.5M7 | $7.5M5 | $15.0M5 | |||
| Current liabilities | $86.0M6 | $129.9M7 | $133.7M5 | $148.1M5 | ||
| Long-term debt | $602.3M6 | $499.1M7 | $494.0M5 | $479.8M5 | ||
| Total liabilities | $732.9M6 | $662.6M7 | $670.6M5 | $661.5M5 | ||
| Retained earnings | -$206.2M7 | -$186.4M5 | -$186.6M5 | |||
| Shareholders’ equity | $665.9M6 | $627.1M7 | $583.2M5 | $709.6M5 | $736.6M5 | $701.9M5 |
| Shares outstanding | 88.6M shares6 | 95.7M shares7 | 96.7M shares5 | 93.2M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Cash from operations | $36.2M6 | $36.2M7 | $68.6M5 | $104.3M5 | $96.9M5 | |
| Depreciation and amortization | $82.1M5 | $73.1M5 | $62.9M5 | |||
| Stock-based compensation | $32.6M5 | $23.8M5 | $34.6M5 | |||
| Capital spending | $5.3M6 | $2.3M7 | $3.2M5 | $4.5M5 | $2.6M5 | |
| Free cash flow | $30.9M | $33.9M | $65.4M | $99.8M | $94.3M | |
| Cash from investing | -$85.4M5 | -$20.1M5 | -$69.5M5 | |||
| Share buybacks | $07 | $05 | $14.0M5 | $67.8M5 | ||
| Cash from financing | -$1.1M5 | -$25.9M5 | -$75.9M5 | |||
| Dividend per share | $0.005 |
Corporate structure
Sterling Check Corp. sits at the top of its group. 9 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Sterling Check Corp.
- Goldman Sachs Filed SCHEDULE 13G/A on Sterling Check Corp., latest Feb 6, 2025 (5 filings since Feb 14, 2022)
- Wellington Management Company Filed SC 13G/A on Sterling Check Corp., latest Nov 8, 2024 (3 filings since Feb 6, 2023)
- Melanie Laird Filed SC 13G/A on Sterling Check Corp., latest Oct 10, 2024
- Ross M. Cummings Filed SC 13G on Sterling Check Corp., latest Feb 14, 2022
- Sterling Check Corp. Independence, Ohio
- A-Check America, LLC Subsidiary · Delaware, United States
- Employment Background Investigation, LLC Subsidiary · Maryland, United States
- RISQ Group Holdings Pty Ltd. Subsidiary · Australia
- Sterling (EMEA) Ltd. Subsidiary · United Kingdom
- Sterling Asia Pacific Pty Ltd. Subsidiary · Australia
- Sterling Backcheck Canada Corp. Subsidiary · Canada
- Sterling Infosystems Inc. Subsidiary · Delaware, United States
- Sterling Intermediate Corp. Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Sterling Check Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $42.6M5 Dec 31, 2023 | $50.2M5 Dec 31, 2022 | −15.1% |
| Accumulated depreciation | $34.9M5 Dec 31, 2023 | $39.9M5 Dec 31, 2022 | −12.4% |
| Property and equipment, net | $7.7M5 Dec 31, 2023 | $10.3M5 Dec 31, 2022 | −25.6% |
| Operating-lease assets (leased space) | $6.5M5 Dec 31, 2023 | $20.1M5 Dec 31, 2022 | −67.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $54.2M5 Dec 31, 2023 | $103.1M5 Dec 31, 2022 | −47.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $879.4M5 Dec 31, 2023 | $849.6M5 Dec 31, 2022 | +3.5% |
| Intangible assets, net (excluding goodwill) | $230.2M5 Dec 31, 2023 | $241.0M5 Dec 31, 2022 | −4.5% |
| Finite-lived intangibles, gross | $891.4M5 Dec 31, 2023 | $842.7M5 Dec 31, 2022 | +5.8% |
| Accumulated amortization | $661.1M5 Dec 31, 2023 | $601.7M5 Dec 31, 2022 | +9.9% |
| Finite-lived intangibles, net | $230.2M5 Dec 31, 2023 | $241.0M5 Dec 31, 2022 | −4.5% |
Leadership
Who has led Sterling Check Corp., and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerJoshua L. Peirez Nov 4, 2024 to Nov 4, 202410
Board members and other officers (19)
- OfficerRichard S. Dziadzio Jun 6, 2024 to Nov 4, 202411
- OfficerJoshua L. Peirez Sep 22, 2021 to Sep 24, 202412
- OfficerPeter Walker Sep 22, 2021 to Sep 26, 202313
- OfficerSteven L. Barnett Sep 22, 2021 to Nov 4, 202414
- OfficerTheresa Strong Sep 22, 2021 to Nov 4, 202415
- OfficerStonehill Robyn Price Dec 2, 2021 to Nov 4, 202416
- Board memberBertrand Eric Arnaud Villon Jun 5, 2023 to Jun 5, 202317
- Board memberKristin Ann Johnsen Jul 3, 2023 to Nov 4, 202418
- Board memberJagtar Narula Dec 15, 2023 to Nov 4, 202419
- Board memberAdrian M. Jones Sep 22, 2021 to Nov 4, 202420
- Board memberArthur J. Rubado Iii. Sep 22, 2021 to Sep 22, 202121
- Board memberChristopher A.s. Crampton Sep 22, 2021 to Sep 29, 202122
- Board memberJill Larsen Sep 22, 2021 to Nov 4, 202423
- Board memberJoshua L. Peirez Sep 22, 2021 to Nov 4, 202412
- Board memberL. Frederick Sutherland Sep 22, 2021 to Nov 4, 202424
- Board memberMark E. Jennings Sep 22, 2021 to Nov 4, 202425
- Board memberMichael J. Grebe Sep 22, 2021 to Nov 4, 202426
- Board memberMohit Kapoor Sep 22, 2021 to Nov 4, 202427
- Board memberWilliam Mitchell Greenblatt Sep 22, 2021 to Sep 22, 202128
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- A-Check America, LLC Delaware3
- Employment Background Investigation, LLC Maryland3
- RISQ Group Holdings Pty Ltd. Australia3
- Sterling (EMEA) Ltd. United Kingdom3
- Sterling Asia Pacific Pty Ltd. Australia3
- Sterling Backcheck Canada Corp. Canada (British Columbia)3
- Sterling Infosystems Inc. Delaware3
- Sterling Intermediate Corp. Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Sterling Ultimate Parent Corp.Jun 30, 2015 to Aug 23, 20212
Timeline
- Nov 4, 2024New chief executive Joshua L. Peirez becomes CEO10
- Oct 31, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer29
- Oct 29, 20248-K Other events30
- Oct 21, 20248-K Other events31
- Sep 5, 20248-K Other events32
- Aug 30, 20248-K Executive or director change33
- Aug 8, 20248-K Results of operations34
- Jun 5, 20248-K Executive or director change35
- May 28, 20248-K Other events36
- May 22, 20248-K Shareholder vote37
- May 9, 20248-K Results of operations38
- Mar 1, 20248-K Entered a material agreement; Shareholder vote39
- Feb 29, 20248-K Results of operations; Regulation FD disclosure40
Calendar
When it reported results
- Aug 8, 2024Reported quarterly or annual results34
- May 9, 2024Reported quarterly or annual results38
- Feb 29, 2024Reported quarterly or annual results40
- Nov 8, 2023Reported quarterly or annual results41
- Aug 8, 2023Reported quarterly or annual results42
- May 9, 2023Reported quarterly or annual results43
- Mar 2, 2023Reported quarterly or annual results44
- Nov 9, 2022Reported quarterly or annual results45
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
247 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 31 major events, 141 insider forms, 10 large holders, 53 other. The latest 20:
- Feb 6, 2025SCHEDULE 13G/A EDGAR
- Nov 12, 202415-12G EDGAR
- Nov 8, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
- Nov 6, 2024SC 13G/A STERLING QE Q3 2024 FILING - GSCO EDGAR
- Nov 4, 2024EFFECT EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
- Nov 4, 20244 EDGAR
The 247 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
30 open-market trades by officers, directors and large owners since October 2021: 4 buys and 26 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Broad Street Control Advisors, L.L.C.10% owner | Sale | 49,807,744 | Form 4 | ||
| Oct 16, 2024 | Montague Street Asset Management LLC10% owner | Sale | 1,114,000 | $17.13 | $19.1M | Form 4 |
| Oct 15, 2024 | Montague Street Asset Management LLC10% owner | Sale | 300,000 | $17.18 | $5.2M | Form 4 |
| Sep 20, 2024 | Greenblatt Steven Jacob10% owner | Sale | 22,278 | $16.96 | $377.8K | Form 4 |
| Aug 1, 2024 | Paglia LouSee Remarks | Sale | 12,500 | $15.68 | $196.0K | Form 4 |
| Jul 15, 2024 | Paglia LouSee Remarks | Sale | 17,526 | $15.19 | $266.2K | Form 4 |
| Jul 12, 2024 | Paglia LouSee Remarks | Sale | 21,913 | $15.19 | $332.9K | Form 4 |
| Jul 11, 2024 | Paglia LouSee Remarks | Sale | 47,000 | $15.15 | $712.0K | Form 4 |
| Jun 12, 2024 | Paglia LouSee Remarks | Sale | 861 | $15.53 | $13.4K | Form 4 |
| Jun 5, 2024 | Paglia LouSee Remarks | Sale | 200 | $15.69 | $3.1K | Form 4 |
| Dec 22, 2023 | Jones Adrian MDirector | Buy | 157 | $13.44 | $2.1K | Form 4 |
| Dec 22, 2023 | GOLDMAN SACHS GROUP INC10% owner | Buy | 157 | $13.44 | $2.1K | Form 4 |
| Dec 13, 2023 | Jones Adrian MDirector | Sale | 157 | $13.58 | $2.1K | Form 4 |
| Dec 13, 2023 | GOLDMAN SACHS GROUP INC10% owner | Sale | 157 | $13.58 | $2.1K | Form 4 |
| Aug 10, 2023 | BARNETT STEVEN LSee Remarks | Sale | 10,000 | $13.20 | $132.0K | Form 4 |
| Jun 30, 2023 | Jones Adrian MDirector | Sale | 1,145,486 | $11.73 | $13.4M | Form 4 |
| Jun 30, 2023 | Broad Street Principal Investments, L.L.C.10% owner | Sale | 1,145,486 | $11.73 | $13.4M | Form 4 |
| Jun 12, 2023 | Jones Adrian MDirector | Sale | 9,000,000 | $11.73 | $105.6M | Form 4 |
| Jun 12, 2023 | GOLDMAN SACHS & CO. LLC10% owner | Sale | 9,000,000 | $11.73 | $105.6M | Form 4 |
| Oct 18, 2022 | BARNETT STEVEN LSee Remarks | Sale | 27,826 | $19.61 | $545.7K | Form 4 |
All 30 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Goldman SachsSCHEDULE 13G/A, 5 filings Feb 14, 2022 to Feb 6, 202546
- Wellington Management CompanySC 13G/A, 3 filings Feb 6, 2023 to Nov 8, 202447
- Melanie LairdSC 13G/A, 1 filing Oct 10, 202448
- Ross M. CummingsSC 13G, 1 filing Feb 14, 202249
SEC filer profile
How Sterling Check Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSterling Check Corp.1
- CIK0001645070
- Filer status<br>emerging growth company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)7374 Services-Computer Processing & Data Preparation1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business addressSterling Checkcorp Inc., 6150 Oak Tree Boulevard, Suite 490, Independence, OH 441311
- Phone191754852411
- Shares outstanding97,989,463 as of Aug 1, 20249
- Public float$529.9M as of Jun 30, 20235
- On EDGAR sinceJun 30, 20151
- Filings334 in all: 4 (149), 425 (46), 8-K (32), 3 (22), 10-Q (9), CORRESP (8), D/A (7), SC 13G/A (6)1
All 36 form types
D (5), S-8 (4), S-8 POS (4), 10-K (3), DEF 14A (3), DEFA14A (3), DRSLTR (3), EFFECT (3), SC 13G (3), 144 (2), 424B3 (2), ARS (2), DRS/A (2), UPLOAD (2), 15-12G (1), 25-NSE (1), 3/A (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14C (1), DRS (1), POS AM (1), S-1 (1), S-1/A (1), S-3 (1), S-3/A (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) Mar 6, 2024
Quarterly report (10-Q) Aug 8, 2024
Proxy statement (DEF 14A) Apr 9, 2024
Latest 8-K (8-K) Oct 31, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARRichard S. Dziadzio, Officer
- 12SEC EDGARJoshua L. Peirez, Officer
- 13SEC EDGARPeter Walker, Officer
- 14SEC EDGARSteven L. Barnett, Officer
- 15SEC EDGARTheresa Strong, Officer
- 16SEC EDGARStonehill Robyn Price, Officer
- 17
- 18SEC EDGARKristin Ann Johnsen, Board member
- 19SEC EDGARJagtar Narula, Board member
- 20SEC EDGARAdrian M. Jones, Board member
- 21SEC EDGARArthur J. Rubado Iii., Board member
- 22
- 23SEC EDGARJill Larsen, Board member
- 24
- 25SEC EDGARMark E. Jennings, Board member
- 26SEC EDGARMichael J. Grebe, Board member
- 27SEC EDGARMohit Kapoor, Board member
- 28
- 29
- 30SEC EDGAROther events
- 31SEC EDGAROther events
- 32SEC EDGAROther events
- 33SEC EDGARExecutive or director change
- 34SEC EDGARResults of operations
- 35SEC EDGARExecutive or director change
- 36SEC EDGAROther events
- 37SEC EDGARShareholder vote
- 38SEC EDGARResults of operations
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