Every material Form 8-K First Advantage has filed with the SEC since May 09, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
First Advantage reported third quarter 2026 revenue of $465.8 million, up 13.8% from a year earlier, and net income of $20.5 million, or $0.12 per diluted share, versus $2.6 million a year earlier. The company raised its full year 2026 guidance across all four metrics and announced the acquisition of Data Diver Technologies, an AI and data platform.
Q3 2026 revenue was $465.8 million, up 13.8% year over year; Adjusted Diluted EPS was $0.38, up from $0.30.
Full year 2026 revenue guidance raised to $1.720 billion to $1.745 billion from $1.670 billion to $1.710 billion.
Full year 2026 Adjusted Diluted EPS guidance raised to $1.30 to $1.33 from $1.23 to $1.29.
Company announced the acquisition of Data Diver Technologies, LLC; the filing does not disclose its price.
First Advantage reported second-quarter 2026 revenue of $448.8 million, up 14.9% from a year earlier, and GAAP net income of $16.9 million, compared with $0.3 million in the same period of 2025. The company raised its full-year 2026 guidance for revenue, Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS, and separately added Silver Lake employee Sharon Binger to its board effective August 6, 2026.
Q2 2026 revenue of $448.8 million, up 14.9%; GAAP diluted EPS of $0.10 versus $0.00 a year earlier
Adjusted Diluted EPS of $0.35, up 29.6% from $0.27
Full-year 2026 revenue guidance raised to $1.67 billion to $1.71 billion from $1.625 billion to $1.70 billion
Sharon Binger appointed Class I director effective August 6, 2026, at Silver Lake's request; board increased to nine directors
First Advantage reported first quarter 2026 results, with revenue up 8.6% to $385.2 million and GAAP net income of $2.2 million, compared with a net loss of $41.2 million a year earlier. The company reaffirmed its full year 2026 guidance and said it made a $25 million voluntary debt prepayment on May 6, 2026, and has repurchased shares under a $100 million program. For shareholders, the move to GAAP profit and the unchanged outlook are the main signals, though the company's headline profit figures are non-GAAP adjusted measures.
Revenue of $385.2 million, up 8.6% from $354.6 million in the first quarter of 2025.
GAAP net income of $2.2 million, or $0.01 per diluted share, versus a net loss of $41.2 million, or $0.24 per share, a year earlier.
Adjusted Diluted EPS of $0.26 versus $0.17 a year earlier; Adjusted EBITDA of $105.3 million, up 14.3%.
Full year 2026 guidance reaffirmed: revenues of $1,625 million to $1,700 million and Adjusted Diluted EPS of $1.15 to $1.25.
First Advantage reported fourth-quarter 2025 revenue of $420.0 million, up from $307.1 million a year earlier, and net income of $3.5 million, compared with a net loss of $100.4 million in the prior-year quarter. For full-year 2025, revenue rose to $1,574.4 million from $860.2 million, while the company posted a net loss of $34.8 million, narrower than the $110.3 million loss in 2024. The board also approved a $100 million share repurchase program and the company introduced 2026 guidance for revenue of $1,625 million to $1,700 million.
Q4 2025 diluted EPS was $0.02 versus a loss of $0.62 in Q4 2024; Q4 Adjusted Diluted EPS was $0.30 versus $0.18
Full-year 2025 revenue was $1,574.4 million; the net loss was $34.8 million, or $(0.20) per diluted share
Board approved a share repurchase program of up to $100 million with no expiration date
2026 guidance: revenue of $1,625 million to $1,700 million and Adjusted Diluted EPS of $1.15 to $1.25
First Advantage Corporation disclosed that director Bianca Stoica resigned from its Board of Directors and the Compensation Committee, effective immediately, after notifying the Board on January 29, 2026. The filing states her resignation was not due to any disagreement with the company, its management, or the Board on operations, policies or practices. The filing does not name a successor or provide financial figures.
Bianca Stoica notified the Board of her resignation on January 29, 2026.
Resignation covers her seat on the Board and on the Compensation Committee, effective immediately.
The company states the resignation was not due to any disagreement on operations, policies or practices.
First Advantage reported third quarter 2025 revenue of $409.2 million, up from $199.1 million a year earlier, and net income of $2.6 million versus a net loss of $8.9 million. The company narrowed its full year 2025 guidance, with refined midpoints at or above its original guidance midpoints for Adjusted EBITDA and Adjusted Diluted EPS. The year-over-year comparison includes the Sterling Check Corp. acquisition, which the company closed on October 31, 2024.
Q3 2025 revenue of $409.2 million versus $199.1 million in Q3 2024; Adjusted EBITDA of $118.5 million versus $64.0 million
GAAP diluted EPS of $0.01 versus a loss of $0.06 per share; Adjusted Diluted EPS of $0.30 versus $0.26
Full year 2025 Adjusted EBITDA guidance narrowed to $430 million to $440 million from $410 million to $450 million
Voluntary principal repayment of $25 million after quarter end, bringing 2025 principal repayments to $70.5 million
First Advantage reported second-quarter 2025 revenue of $390.6 million, up from $184.5 million a year earlier, and adjusted diluted EPS of $0.27 versus $0.21. GAAP net income fell to $0.3 million from $1.9 million, which the company tied to $7.3 million of Sterling acquisition and integration expenses and $41.3 million of Sterling depreciation and amortization. The company reaffirmed its full-year 2025 guidance, so management's outlook for revenue, Adjusted EBITDA and Adjusted EPS is unchanged.
Q2 2025 revenues were $390.6 million, compared with $184.5 million in Q2 2024.
GAAP net income was $0.3 million ($0.00 per diluted share), down from $1.9 million ($0.01), and includes $7.3 million of Sterling-related expenses.
Adjusted diluted EPS was $0.27 versus $0.21; Adjusted EBITDA was $113.9 million versus $55.8 million.
Full-year 2025 guidance reaffirmed as of August 7, 2025: revenues $1.5 billion to $1.6 billion, Adjusted EBITDA $410 million to $450 million, Adjusted diluted EPS $0.86 to $1.03.
On July 30, 2025, a First Advantage subsidiary signed Amendment No. 5 to its first lien credit agreement with Bank of America, N.A. as administrative agent. The amendment lowers the interest rate margin on the term loan due October 31, 2031 and on the $250.0 million revolving credit facility due October 31, 2029, each by 0.50%, which reduces the company's borrowing costs under those facilities.
Term loan due October 31, 2031: rate cut 0.50% to 2.50%-2.75% plus SOFR, based on the first lien ratio
$250.0 million revolving credit facility due October 31, 2029: rate cut 0.50% to 2.25%-2.75% plus SOFR
Amendment dated July 30, 2025, filed as Exhibit 10.1 and disclosed under Items 1.01 and 2.03
First Advantage reported first-quarter 2025 revenue of $354.6 million, up from $169.4 million a year earlier, but its net loss widened to $41.2 million from $2.9 million. The company said the increase reflects its acquisition of Sterling Check Corp., and it reaffirmed full-year 2025 guidance, including revenue of $1.5 billion to $1.6 billion and adjusted diluted EPS of $0.86 to $1.03.
Q1 2025 revenue was $354.6 million versus $169.4 million in Q1 2024; GAAP diluted net loss per share was $(0.24) versus $(0.02).
Adjusted Diluted EPS was $0.17 in both periods; Adjusted EBITDA rose to $92.1 million from $46.6 million.
Full-year 2025 guidance was reaffirmed as of May 8, 2025, including Adjusted EBITDA of $410 million to $450 million.
Inaugural investor day is scheduled for May 28, 2025, in New York City.
First Advantage reported fourth quarter and full year 2024 results, which include costs from its Sterling acquisition, closed October 31, 2024. Full year revenue rose to $860.2 million from $763.8 million, but the company posted a net loss of $110.3 million versus net income of $37.3 million a year earlier, and adjusted diluted EPS fell to $0.82 from $1.00. The company also introduced 2025 guidance of $1.5 billion to $1.6 billion in revenue and $410 million to $450 million in adjusted EBITDA.
Full year 2024 revenue was $860.2 million, compared with $763.8 million in 2023
Full year 2024 GAAP net loss was $110.3 million, including $130.5 million of expenses tied to the Sterling acquisition
Full year 2024 adjusted diluted EPS was $0.82, compared with $1.00 in 2023
2025 guidance: revenue $1.5 billion to $1.6 billion; adjusted EBITDA $410 million to $450 million; adjusted diluted EPS $0.86 to $1.03
First Advantage reported third-quarter 2024 revenue of $199.1 million, down 0.6% from a year earlier, and a net loss of $8.9 million versus net income of $10.8 million in the prior-year quarter. The company closed its Sterling acquisition on October 31, 2024, and kept its standalone full-year 2024 guidance while issuing combined-company guidance that includes Sterling, which shareholders will need to weigh against the lower quarterly results.
Q3 2024 revenue was $199.1 million, versus $200.4 million in Q3 2023; adjusted EBITDA was $64.0 million, versus $64.8 million.
GAAP diluted net loss per share was $(0.06), versus diluted net income of $0.07 per share a year earlier; adjusted diluted EPS was $0.26, versus $0.28.
The net loss includes $13.2 million of expenses related to the Sterling acquisition.
Standalone 2024 revenue guidance of $750 million to $800 million was maintained; combined-company revenue guidance is $858 million to $918 million.
First Advantage completed its acquisition of Sterling Check Corp. on October 31, 2024, valued at $2.2 billion including Sterling's assumed debt. The deal was funded with $2,185 million of borrowings under an amended credit agreement, which also extends the term loan maturity to October 31, 2031 and upsizes the revolving credit facility to $250 million, so shareholders will carry a larger debt load.
Acquisition of Sterling Check Corp. completed October 31, 2024; valued at $2.2 billion including assumed debt
Sterling holders could elect $16.73 cash or 0.979 First Advantage shares per share, with proration of about 71% cash and 29% stock
Borrower drew $2,185 million under Credit Agreement Amendment No. 4; term loans mature October 31, 2031 and revolver is $250 million
Company expects $50 million to $70 million in run-rate synergies; Q3 2024 earnings call scheduled November 12, 2024 at 8:30 a.m. ET
First Advantage Corporation promoted Joelle Smith, its President, Data, Technology, and Experience, to President of the company effective September 16, 2024. She will also take on responsibility for the go-to-market teams, including sales, customer success, and marketing, alongside the product, data, and technology organizations.
Joelle Smith, 48, promoted to President effective September 16, 2024
Base salary raised to $600,000.00, with discretionary annual cash bonus of up to $450,000.00
Equity grant with fair value of $2,500,000, split 50% stock options and 50% restricted stock units, vesting annually over four installments
Filing and press release dated September 11, 2024; CEO Scott Staples cited AI and digital products as priorities
First Advantage's president of the Americas, Joseph Jaeger, will retire effective November 1, 2024, under a retirement agreement signed September 3, 2024. The agreement extends vesting of his unvested equity awards through January 31, 2026, and provides salary continuation and a $50,000 consulting-linked commission bonus.
Joseph Jaeger, President, Americas, notified the company of his retirement on August 30, 2024; retirement effective November 1, 2024
Unvested awards include 265,942 restricted stock awards, 263,249 stock options and 29,918 restricted stock units, permitted to vest through January 31, 2026
Base salary continues for six months after the Retirement Date; 2024 annual bonus to be paid at the amount he would have received if still employed
A $50,000 commission bonus is payable at go-live of a strategic customer account, provided go-live occurs by December 31, 2025
First Advantage reported second-quarter 2024 revenue of $184.5 million, down 0.4% from a year earlier, and net income of $1.9 million, down 81%, which includes $9.2 million of expenses tied to the pending Sterling Check Corp. acquisition. The company reaffirmed its full-year 2024 guidance, while CFO David Gamsey announced his retirement and Chief Accounting Officer Steven Marks was named his successor effective November 8, 2024.
Q2 2024 revenue was $184.5 million, versus $185.3 million in Q2 2023; adjusted EBITDA was $55.8 million, flat year over year.
Net income was $1.9 million, or $0.01 per diluted share, versus $9.8 million, or $0.07 per share, a year earlier.
Adjusted diluted EPS was $0.21, versus $0.24 in the prior-year quarter.
Full-year 2024 guidance was reaffirmed: revenue of $750 million to $800 million and adjusted EBITDA of $228 million to $248 million.
First Advantage reported first quarter 2024 revenue of $169.4 million, down 3.5% from a year earlier, and a GAAP net loss of $2.9 million, compared with net income of $1.9 million in the same quarter of 2023. The results include $11.1 million of costs related to the pending Sterling acquisition, and adjusted diluted EPS fell to $0.17 from $0.19. The company reaffirmed its full-year 2024 guidance for standalone First Advantage, which excludes Sterling.
Revenues were $169.4 million, down 3.5% from $175.5 million in Q1 2023.
GAAP net loss was $2.9 million, or $(0.02) per diluted share, including $11.1 million of Sterling acquisition costs.
Adjusted diluted EPS was $0.17, down from $0.19; adjusted EBITDA was $46.6 million, down 4.1%.
Full-year 2024 guidance reaffirmed: revenues of $750 million to $800 million and adjusted diluted EPS of $0.88 to $0.98.
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