First Advantage Corporation (FA)

Nasdaq Industrials Human Resource & Employment Services S&P SmallCap 600

$23.53

+0.40 (+1.73%)

Close of Nov 06, 2026 · end-of-day data

Source: First Advantage Corporation's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$481.77M	$712.29M	$810.02M	$763.76M	$860.21M	$1.57B
Research & development	$33.24M	$45.51M	$51.93M	$49.26M	$63.82M	$101.85M
Selling, general & admin	$85.08M	$107.98M	$116.64M	$116.73M	$263.94M	$236.18M
Operating income	$92.17M	$63.82M	$94.28M	$81.52M	-$62.38M	$132.47M
Interest expense	$51.96M	$25.12M	—	—	—	—
Pre-tax income	$41.15M	$24.91M	$85.08M	$48.48M	-$114.61M	-$37.25M
Income tax	-$6.90M	$8.86M	$20.48M	$11.18M	-$4.34M	-$2.43M
Net income	$34.25M	$16.05M	$64.60M	$37.29M	-$110.27M	-$34.82M
EBITDA	$107.07M	$133.22M	$164.28M	$148.92M	$14.82M	$244.27M
EPS (basic)	$0.23	$0.11	$0.43	$0.26	$-0.74	$-0.20
EPS (diluted)	$0.21	$0.11	$0.43	$0.26	$-0.74	$-0.20
Diluted shares	163.88M	141.69M	151.81M	146.23M	148.58M	173.20M
Operating margin	19.1%	9.0%	11.6%	10.7%	-7.3%	8.4%
Net margin	7.1%	2.3%	8.0%	4.9%	-12.8%	-2.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$80.75M	$292.64M	$391.65M	$213.77M	$168.69M	$240.00M
Short-term investments	—	$941.00K	$1.96M	$0	—	—
Receivables	—	$155.77M	$143.81M	$142.69M	$266.80M	$297.28M
Total current assets	—	$466.16M	$566.20M	$373.74M	$475.99M	$561.70M
Goodwill	—	$793.89M	$793.08M	$820.65M	$2.12B	$2.14B
Total assets	—	$1.89B	$1.89B	$1.63B	$3.92B	$3.83B
Total current liabilities	—	$109.31M	$100.79M	$85.04M	$250.69M	$230.46M
Short-term debt	—	$0	—	$0	$21.85M	$0
Long-term debt	—	$554.85M	$556.65M	$558.46M	$2.12B	$2.08B
Total debt	—	$554.85M	$556.65M	$558.46M	$2.14B	$2.08B
Total liabilities	—	$754.34M	$759.21M	$723.92M	$2.62B	$2.52B
Shareholders' equity	—	$1.13B	$1.13B	$906.73M	$1.31B	$1.31B

Cash flow

fiscal years · USD

Fiscal year	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$71.58M	$148.68M	$212.77M	$162.82M	$28.20M	$195.13M
Capital expenditures	$6.58M	$7.31M	$6.17M	$2.08M	$1.72M	$6.63M
Free cash flow	$65.00M	$141.36M	$206.60M	$160.74M	$26.48M	$188.49M
Investing cash flow	-$17.79M	-$72.43M	-$48.60M	-$66.85M	-$1.65B	-$54.13M
Financing cash flow	-$3.18M	$63.85M	-$59.15M	-$273.56M	$1.58B	-$70.76M
Share buybacks	—	—	$60.53M	$59.48M	—	—
Stock-based compensation	$1.22M	$9.53M	$7.86M	$15.27M	$31.76M	$24.46M
Depreciation & amortization	$14.90M	$69.40M	$70.00M	$67.40M	$77.20M	$111.80M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$202.56M	$169.42M	$184.55M	$199.12M	$307.12M	$354.59M	$390.63M	$409.15M	$420.02M	$385.20M	$448.76M	$465.78M
Research & development	$10.89M	$12.47M	$13.68M	$12.91M	$24.77M	$27.16M	$25.68M	$25.14M	$23.89M	$24.61M	$27.27M	$27.30M
Selling, general & admin	$27.85M	$40.66M	$38.64M	$46.05M	$138.59M	$65.58M	$57.47M	$57.46M	$55.66M	$53.48M	$57.81M	$57.58M
Operating income	$29.38M	-$726.00K	$9.90M	$9.11M	-$80.67M	$7.62M	$37.74M	$42.24M	$44.87M	$33.52M	$57.02M	$60.11M
Pre-tax income	$16.47M	-$4.30M	$2.55M	-$8.08M	-$104.79M	-$38.96M	-$7.30M	$1.79M	$7.22M	$3.31M	$25.06M	$29.05M
Income tax	$1.65M	-$1.39M	$689.00K	$782.00K	-$4.42M	$2.23M	-$7.61M	-$798.00K	$3.75M	$1.14M	$8.14M	$8.57M
Net income	$14.81M	-$2.91M	$1.86M	-$8.86M	-$100.37M	-$41.19M	$308.00K	$2.59M	$3.47M	$2.17M	$16.91M	$20.49M
EBITDA	$46.78M	$14.77M	$25.60M	$25.01M	-$50.57M	$35.22M	$65.44M	$70.24M	$73.37M	$61.32M	$84.52M	$88.41M
EPS (basic)	$0.10	$-0.02	$0.01	$-0.06	$-0.67	$-0.24	$0.00	$0.01	$0.02	$0.01	$0.10	$0.12
EPS (diluted)	$0.11	$-0.02	$0.01	$-0.06	$-0.67	$-0.24	$0.00	$0.01	$0.02	$0.01	$0.10	$0.12
Diluted shares	-166.90K	143.59M	145.86M	144.10M	4.73M	172.76M	175.07M	175.55M	127.52K	174.92M	173.23M	175.44M
Operating margin	14.5%	-0.4%	5.4%	4.6%	-26.3%	2.1%	9.7%	10.3%	10.7%	8.7%	12.7%	12.9%
Net margin	7.3%	-1.7%	1.0%	-4.4%	-32.7%	-11.6%	0.1%	0.6%	0.8%	0.6%	3.8%	4.4%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$213.77M	$245.44M	$269.56M	$307.39M	$168.69M	$171.99M	$184.26M	$216.85M	$240.00M	$225.91M	$237.90M	$240.90M
Short-term investments	$0	$600.00K	—	—	—	—	—	—	—	—	—	—
Receivables	$142.69M	$129.01M	$130.77M	$143.02M	$266.80M	$266.05M	$283.08M	$291.03M	$297.28M	$287.68M	$309.28M	$350.26M
Total current assets	$373.74M	$399.55M	$427.23M	$466.98M	$475.99M	$471.80M	$502.85M	$542.43M	$561.70M	$539.32M	$581.05M	$626.64M
Goodwill	$820.65M	$819.63M	$819.14M	$822.28M	$2.12B	$2.13B	$2.14B	$2.14B	$2.14B	$2.14B	$2.14B	$2.14B
Total assets	$1.63B	$1.63B	$1.64B	$1.66B	$3.92B	$3.87B	$3.87B	$3.86B	$3.83B	$3.75B	$3.75B	$3.75B
Total current liabilities	$85.04M	$93.20M	$99.10M	$121.35M	$250.69M	$241.00M	$253.39M	$239.83M	$230.46M	$203.50M	$229.94M	$256.21M
Short-term debt	$0	—	—	—	$21.85M	$21.85M	$21.85M	$0	$0	—	—	—
Long-term debt	$558.46M	$558.91M	$559.37M	$559.84M	$2.12B	$2.12B	$2.10B	$2.10B	$2.08B	$2.06B	$2.03B	$1.99B
Total debt	$558.46M	$558.91M	$559.37M	$559.84M	$2.14B	$2.14B	$2.13B	$2.10B	$2.08B	$2.06B	$2.03B	$1.99B
Total liabilities	$723.92M	$724.17M	$722.64M	$736.42M	$2.62B	$2.59B	$2.57B	$2.55B	$2.52B	$2.46B	$2.45B	$2.42B
Shareholders' equity	$906.73M	$907.74M	$913.31M	$920.71M	$1.31B	$1.28B	$1.30B	$1.30B	$1.31B	$1.29B	$1.29B	$1.32B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$56.74M	$38.33M	$32.04M	$43.49M	-$85.67M	$19.47M	$37.34M	$72.37M	$65.94M	$49.43M	$73.60M	$63.80M
Capital expenditures	$287.00K	$321.00K	$649.00K	$416.00K	$334.00K	$485.00K	$1.23M	$1.13M	$3.79M	$2.81M	$4.65M	$3.59M
Free cash flow	$56.45M	$38.01M	$31.39M	$43.07M	-$86.00M	$18.99M	$36.11M	$71.24M	$62.16M	$46.62M	$68.94M	$60.21M
Investing cash flow	-$4.92M	-$7.03M	-$6.78M	-$7.90M	-$1.63B	-$11.08M	-$12.74M	-$13.48M	-$16.83M	-$14.02M	-$19.50M	-$23.10M
Financing cash flow	-$2.99M	$689.00K	-$476.00K	$942.00K	$1.58B	-$5.99M	-$15.11M	-$23.92M	-$25.73M	-$44.26M	-$40.98M	-$41.63M
Share buybacks	—	—	—	—	—	—	—	—	—	$19.69M	$18.87M	$204.00K
Stock-based compensation	$4.82M	$4.75M	$5.05M	$9.50M	$12.46M	$7.97M	$5.74M	$5.72M	$5.03M	$4.43M	$5.24M	$5.08M
Depreciation & amortization	$17.40M	$15.50M	$15.70M	$15.90M	$30.10M	$27.60M	$27.70M	$28.00M	$28.50M	$27.80M	$27.50M	$28.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.