FIRST ADVANTAGE CORP

Listed Company

FACIK 0001210677NasdaqLarge AcceleratedServices-Computer Processing & Data PreparationFY ends Dec 31

Period

FY 2025

Revenue

$1.57B

Net Income

$-34.82M

Total Assets

$3.83B

Equity

$1.31B

Shares Out

171.54M

Op. Cash Flow

$195.13M

FA$20.55+21.10% · past yearDBEQ Basic

Daily closing prices

Business

First Advantage Corporation is a global software and data company providing comprehensive identity solutions, criminal background screening, credential verifications, drug and health screening, and continuous risk monitoring to a large customer base worldwide. The company offers pre-onboarding screening, post-onboarding monitoring, and adjacent products through AI-powered proprietary technology platforms and proprietary databases containing over one billion records integrated with primary and third-party data sources. First Advantage serves diverse industries including healthcare, transportation, retail, e-commerce, and financial services across numerous countries and territories, with the majority of revenues generated in the United States.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
REVENUES	1,574	860	764	810	712
Cost of services (exclusive of depreciation and amortization below)	855	449	387	409	352
Product and technology expense	102	64	49	52	46
Selling, general, and administrative expense	236	264	117	117	108
Depreciation and amortization	249	146	129	138	143
Total operating expenses	1,442	923	682	716	648
INCOME (LOSS) FROM OPERATIONS	132	−62	82	94	64
Interest expense, net	169	52	33	9	25
Loss on extinguishment of debt	1	383,000	0	0	14
Total other expense, net	170	52	33	9	39
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES	−37	−115	48	85	25
(Benefit) provision for income taxes	−2	−4	11	20	9
NET (LOSS) INCOME	−35	−110	37	65	16
Foreign currency translation income (loss)	17	−16	1	−21	−4
COMPREHENSIVE (LOSS) INCOME	−18	−126	38	44	12
Basic net (loss) income per share	−0.2	−0.74	0.26	0.43	0.11
Diluted net (loss) income per share	−0.2	−0.74	0.26	0.43	0.11
Weighted average number of shares outstanding - basic	173	149	144	150	140
Weighted average number of shares outstanding - diluted	173	149	146	152	142

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	240	169	214	392	293
Restricted cash	86,000	795,000	138,000	141,000	148,000
Accounts receivable (net of allowance for doubtful accounts of $8,084 and $3,832 at December 31, 2025 and 2024, respectively)	297	267	143	144	156
Prepaid expenses and other current assets	15	31	13	25	14
Income tax receivable	9	9	4	3	2
Total current assets	562	476	374	566	466
Property and equipment, net	251	308	79	114	154
Goodwill	2,144	2,125	821	793	794
Other intangible assets	857	988	344	0	—
Deferred tax asset, net	4	6	3	2	1
Other assets	16	21	10	13	6
TOTAL ASSETS	3,834	3,923	1,631	1,886	1,887
Accounts payable	110	121	47	55	54
Accrued compensation	61	53	16	23	30
Accrued liabilities	49	45	16	16	22
Current portion of long-term debt	0	22	0	—	0
Current portion of operating lease liability	4	4	3	5	0
Income tax payable	2	2	264,000	724,000	3
Deferred revenues	5	4	2	1	873,000
Total current liabilities	230	251	85	101	109
Long-term debt (net of deferred financing costs of $34,498 and $41,861 at December 31, 2025 and 2024, respectively)	2,080	2,121	558	557	555
Deferred tax liability, net	190	223	71	91	85
Operating lease liability, less current portion	6	9	6	8	0
Other liabilities	14	12	3	3	6
Total liabilities	2,520	2,616	724	759	754
COMMITMENTS AND CONTINGENCIES (Note 13)	—	—	—	—	—
Common stock - $0.001 par value; 1,000,000,000 shares authorized, 174,190,461 and 173,171,145 shares issued and outstanding as of December 31, 2025 and 2024, respectively	174,000	173,000	145,000	149,000	153,000
Additional paid-in-capital	1,528	1,504	977	1,176	1,165
Accumulated deficit	−195	−160	−50	−27	−31
Accumulated other comprehensive loss	−20	−37	−21	−22	−2
Total equity	1,314	1,307	907	1,127	1,132
TOTAL LIABILITIES AND EQUITY	3,834	3,923	1,631	1,886	1,887

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of deferred financing costs	6	3	2	2	6
Bad debt expense (recovery)	705,000	158,000	−56,000	207,000	−17,000
Deferred taxes	−31	−31	−19	5	−3
Share-based compensation	24	32	15	8	10
Loss on foreign currency exchange rates	0	0	8,000	91,000	−575,000
Loss (gain) on disposal and impairment of long-lived assets	2	−275,000	2	1	76,000
Change in fair value of interest rate swaps	5	−11	116,000	−12	−2
Accounts receivable	−30	21	2	9	−41
Prepaid expenses and other assets	12	−2	13	5	−11
Accounts payable	−16	−25	−9	3	8
Accrued compensation and accrued liabilities	6	7	−9	−11	9
Deferred revenues	735,000	762,000	788,000	91,000	196,000
Operating lease liabilities	−35,000	−883,000	−1	−898,000	0
Other liabilities	−1	−961,000	347,000	5	−87,000
Income taxes receivable and payable, net	338,000	321,000	−929,000	−3	1
Net cash provided by operating activities	195	28	163	213	149
Capitalized software development costs	−48	−31	−26	−22	−16
Purchases of property and equipment	−7	−2	−2	−6	−7
Acquisitions of businesses, net of cash acquired	0	−1,620	−41	−19	−49
Other investing activities	122,000	89,000	2	−1	305,000
Net cash used in investing activities	−54	−1,652	−67	−49	−72
Proceeds from issuance of common stock under share-based compensation plans	4	15	5	4	387,000
Net settlement of share-based compensation plan awards	−4	−14	−350,000	−378,000	−332,000
Cash dividends paid	−133,000	−255,000	−218	0	0
Payments of debt issuance costs	0	−38	0	0	−1
Payments on deferred purchase agreements	0	−703,000	−938,000	−884,000	−705,000
Payments on finance lease obligations	0	−6,000	−104,000	−884,000	−2
Share repurchases	0	0	−59	−61	0
Net cash (used in) provided by financing activities	−71	1,581	−274	−59	64
Effect of exchange rate on cash, cash equivalents, and restricted cash	362,000	−2	−301,000	−6	−278,000
Increase (decrease) in cash, cash equivalents, and restricted cash	71	−44	−178	99	140
Cash paid for interest	162	66	46	27	23
Property and equipment acquired on account	3	539,000	118,000	105,000	4
Non-cash property and equipment additions	0	540,000	0	0	—
Excise taxes on share repurchases incurred but not paid	0	0	490,000	0	0
Dividends declared but not paid	0	0	614,000	0	0

Filings

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Frequently asked questions

What is FIRST ADVANTAGE CORP's CIK number?

FIRST ADVANTAGE CORP's SEC CIK number is 0001210677 (1210677). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find FIRST ADVANTAGE CORP's SEC filings?

All of FIRST ADVANTAGE CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did FIRST ADVANTAGE CORP last report earnings?

FIRST ADVANTAGE CORP (FA) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-210077). This is FIRST ADVANTAGE CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is FIRST ADVANTAGE CORP's most recent earnings 8-K?

FIRST ADVANTAGE CORP's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001193125-26-210077. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View FIRST ADVANTAGE CORP's latest earnings 8-K →
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