First Advantage Q3 revenue more than doubles to $409.2M; narrows 2025 guidance
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.