---
schema_version: "secwatch.filing_event.v1"
accession: "0001645070-24-000073"
form_type: "8-K"
ticker: null
cik: "0001645070"
company_name: "Sterling Check Corp."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:10:02.369655+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sterling Q1 revenue up 3.8% to $186M but net loss of $8M; adjusted EBITDA down 15.5%

## Summary
- Revenue $186.0M, +3.8% YoY; organic constant currency revenue declined 4.9%.
- GAAP net loss $8.0M ($0.09 diluted loss) vs prior year net income $0.6M.
- Adjusted EBITDA $38.5M, -15.5% YoY; margin 20.7%, down 470 bps.
- Adjusted EPS $0.19 diluted, -20.8% YoY, due to mix shift toward lower-margin revenues.
- Acquired Vault for ~$76M in Jan; pending merger with First Advantage announced Feb 28.

## SEC filing metadata
- accession: 0001645070-24-000073
- form_type: 8-K
- cik: 0001645070
- company_name: Sterling Check Corp.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645070/000164507024000073/0001645070-24-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645070/000164507024000073/ster-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001645070-24-000073
- JSON: https://secwatch.observer/filing/0001645070-24-000073.json
- Plain text: https://secwatch.observer/filing/0001645070-24-000073.txt

## Key facts
- Earnings Releases
  Sterling Check Corp. reported for the first quarter ended March 31, 2024 results: revenue $186.0 million, net income $(7,955), EPS $(0.09) per diluted share.
  - Period: for the first quarter ended March 31, 2024
  - Revenue: $186.0 million
  - Net income: $(7,955)
  - EPS: $(0.09) per diluted share
  - Result: reported results
  source text: results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights All results compared to prior-year period. • Revenues increased 3.8% year-over-year to $186.0 million. Organic constant currency revenue decreased 4.9% and inorganic revenue growth was 8.7%. Organic revenue growth included growth of 11% year-over-year from the combination of new
  evidence_url: https://www.sec.gov/Archives/edgar/data/1645070/000164507024000073/0001645070-24-000073-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.