FIRST ADVANTAGE CORP FA
First Advantage Corporation ("First Advantage" or the "Company") is a global software and data company. We provide comprehensive, end-to-end identity solutions, criminal background screening, credential verifications, drug and health screening, and continuous risk monitoring. Combining AI-powered proprietary technology platforms with proprietary data, primary source data, and third-party data, we help organizations hire with confidence and manage risk across the entire employee lifecycle.
We transform screening data into actionable intelligence—with benchmarking, insights, and continuous monitoring that help organizations make smarter workforce decisions.
With over 80,000 customers worldwide—including approximately two-thirds of the Fortune 100—we deliver fast, comprehensive, and reliable identity verification, screening, and monitoring solutions for employers, their candidates, and their employees. We conduct more than 200 million screens annually across over 200 countries and territories, supported by decades of experience and proprietary databases containing over 1 billion records.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- All other countries
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $1.35B | $740.5M | $660.6M |
| All other countries | $223.4M | $119.7M | $103.2M |
As the company reported it, from the “Reportable Segments - Schedule of Revenues by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.57B | $860.2M | $763.8M | $810.0M | $712.3M | $472.4M | $481.8M | — |
| R&D | $101.9M | $63.8M | $49.3M | $51.9M | $45.5M | $32.2M | $33.2M | — |
| SG&A | $236.2M | $263.9M | $116.7M | $116.6M | $108.0M | $66.9M | $85.1M | — |
| Total operating expenses | $1.44B | $922.6M | $682.2M | $715.7M | $648.5M | $474.4M | $389.6M | — |
| Operating income | $132.5M | -$62.4M | $81.5M | $94.3M | $63.8M | -$2.0M | $92.2M | — |
| Interest expense | $168.7M | $51.8M | $33.0M | $9.2M | $25.0M | $47.4M | $52.0M | — |
| Pre-tax income | -$37.3M | -$114.6M | $48.5M | $85.1M | $24.9M | -$58.8M | $41.1M | — |
| Income tax | $2.4M | $4.3M | $11.2M | $20.5M | $8.9M | $11.4M | $6.9M | — |
| Net income | -$34.8M | -$110.3M | $37.3M | $64.6M | $16.1M | -$47.5M | $34.2M | — |
| EPS, basic | -0.20 | -0.74 | 0.26 | 0.43 | 0.11 | -0.37 | 0.23 | — |
| EPS, diluted | -0.20 | -0.74 | 0.26 | 0.43 | 0.11 | -0.37 | 0.21 | — |
| Shares, diluted (wtd. avg.) | 173.2M | 148.6M | 146.2M | 151.8M | 141.7M | 130.0M | 163.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $240.0M | $168.7M | $213.9M | $391.8M | $292.8M | $153.0M | $80.7M | $30.3M |
| Short-term investments | — | — | $0 | $2.0M | $941.0K | $1.3M | — | — |
| Receivables | $297.3M | $266.8M | $142.7M | $143.8M | $155.8M | $111.4M | — | — |
| Total current assets | $561.7M | $476.0M | $373.7M | $566.2M | $466.2M | $277.8M | — | — |
| Property, plant and equipment | $250.9M | $307.5M | $79.4M | $113.5M | $154.3M | $190.3M | — | — |
| Goodwill | $2.14B | $2.12B | $820.7M | $793.1M | $793.9M | $770.1M | — | — |
| Other intangibles | $857.1M | $987.9M | $344.0M | $397.2M | $464.4M | $523.4M | — | — |
| Total assets | $3.83B | $3.92B | $1.63B | $1.89B | $1.89B | $1.76B | — | — |
| Accounts payable | $109.9M | $120.9M | $47.0M | $54.9M | $54.0M | $44.1M | — | — |
| Short-term debt | $0 | $21.9M | $0 | — | $0 | $6.7M | — | — |
| Total current liabilities | $230.5M | $250.7M | $85.0M | $100.8M | $109.3M | $97.8M | — | — |
| Long-term debt | $2.08B | $2.12B | $558.5M | $556.6M | $554.8M | $778.6M | — | — |
| Total liabilities | $2.52B | $2.62B | $723.9M | $759.2M | $754.3M | $969.4M | — | — |
| Retained earnings | -$194.6M | -$159.8M | -$49.5M | -$27.4M | -$31.4M | -$47.5M | — | — |
| Total equity | $1.31B | $1.31B | $906.7M | $1.13B | $1.13B | $794.3M | $779.7M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $195.1M | $28.2M | $162.8M | $212.8M | $148.7M | $72.9M | $71.6M | — |
| Depreciation and amortisation | $111.8M | $77.2M | $67.4M | $70.0M | $69.4M | $62.3M | $14.9M | — |
| Stock-based compensation | $24.5M | $31.8M | $15.3M | $7.9M | $9.5M | $1.9M | $1.2M | — |
| Capital expenditure | $6.6M | $1.7M | $2.1M | $6.2M | $7.3M | $5.3M | $6.6M | — |
| Investing cash flow | -$54.1M | -$1.65B | -$66.8M | -$48.6M | -$72.4M | -$15.6M | -$17.8M | — |
| Financing cash flow | -$70.8M | $1.58B | -$273.6M | -$59.2M | $63.8M | $46.4M | -$3.2M | — |
| Buybacks | — | — | $59.5M | $60.5M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-177294.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $481.8M | $472.4M | $712.3M | $810.0M | $763.8M | $860.2M | $1.57B |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | $34.2M | -$47.5M | $16.1M | $64.6M | $37.3M | -$110.3M | -$34.8M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7374
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ADP | AUTOMATIC DATA PROCESSING INC | $120.83B | 27.8x | 6.7% |
| WDAY | Workday, Inc. | $51.49B | 81.1x | 13.1% |
| RDDT | Reddit, Inc. | $27.75B | 55.1x | 69.4% |
| VRSK | Verisk Analytics, Inc. | $25.66B | 30.2x | 6.6% |
| TOST | Toast, Inc. | $18.91B | 58.4x | 24.1% |
| HNGE | Hinge Health, Inc. | $8.81B | — | 50.6% |
| RNG | RingCentral, Inc. | $7.01B | 173.7x | 4.8% |
| PEGA | PEGASYSTEMS INC | $5.99B | 17.1x | 16.6% |