First Advantage Corp (FA) Financial Statements
Industry: Computer Processing & Data Preparation (Services)
In fiscal 2025, First Advantage reported revenue of $1.57B, up 83.0% from $860.2M the year before. Net income was -$34.8M (a -2.2% net margin), or -$0.20 per diluted share. Operating margin was 8.4%. Operating activities generated $195.1M of cash, leaving $188.5M of free cash flow. At fiscal year end, First Advantage held $3.83B in total assets against $2.52B in total liabilities, including $240.0M of cash and equivalents.
Open the full interactive First Advantage financials → Quarterly statements, key ratios, valuation history and price charts.
First Advantage Key Stats
| Share Price | $19.25 |
|---|---|
| Market Cap | $3.33B |
| Revenue YoY Growth | +83.0% |
| 52-Week Range | $8.95 – $24.12 |
| Shares Outstanding | 171.7 million (basic, 2026 Q2) |
First Advantage Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $712.3M | $810.0M | $763.8M | $860.2M | $1.57B |
| Operating Income | $63.8M | $94.3M | $81.5M | -$62.4M | $132.5M |
| Pre-Tax Income | $24.9M | $85.1M | $48.5M | -$114.6M | -$37.3M |
| Income Tax | -$8.9M | $20.5M | $11.2M | -$4.3M | -$2.4M |
| Net Income | $16.1M | $64.6M | $37.3M | -$110.3M | -$34.8M |
| Diluted EPS | $0.11 | $0.43 | $0.26 | -$0.74 | -$0.20 |
First Advantage Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $409.2M | $420.0M | $385.2M | $448.8M |
| Net Income | $2.6M | $3.5M | $2.2M | $16.9M |
| Diluted EPS | $0.01 | $0.02 | $0.01 | $0.10 |
First Advantage Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $292.6M | $391.7M | $213.8M | $168.7M | $240.0M |
| Current Assets | $466.2M | $566.2M | $373.7M | $476.0M | $561.7M |
| Total Assets | $1.89B | $1.89B | $1.63B | $3.92B | $3.83B |
| Current Liabilities | $109.3M | $100.8M | $85.0M | $250.7M | $230.5M |
| Total Long-Term Debt | $554.8M | $556.6M | $558.5M | $2.14B | $2.11B |
| Total Liabilities | $754.3M | $759.2M | $723.9M | $2.62B | $2.52B |
| Shareholders' Equity | $1.13B | $1.13B | $906.7M | $1.31B | $1.31B |
First Advantage Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $148.7M | $212.8M | $162.8M | $28.2M | $195.1M |
| Cash From Investing | -$72.4M | -$48.6M | -$66.8M | -$1.65B | -$54.1M |
| Cash From Financing | $63.8M | -$59.2M | -$273.6M | $1.58B | -$70.8M |
| Free Cash Flow | $141.4M | $206.6M | $160.7M | $26.5M | $188.5M |
Figures from First Advantage's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full First Advantage financials page for every line item.
First Advantage Company Profile
| Ticker | FA |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Processing & Data Preparation (Services) |
| Headquarters | Atlanta, Georgia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001210677 |
Frequently Asked Questions
What was First Advantage's revenue in fiscal 2025?
First Advantage (FA) reported revenue of $1.57B for fiscal 2025.
What is First Advantage's annual revenue history?
First Advantage's annual revenue by fiscal year: 2021: $712.3M; 2022: $810.0M; 2023: $763.8M; 2024: $860.2M; 2025: $1.57B.
What was First Advantage's net income in fiscal 2025?
First Advantage reported net income of -$34.8M for fiscal 2025.
What was First Advantage's earnings per share (EPS) in fiscal 2025?
First Advantage's diluted EPS was -$0.20 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did First Advantage generate in fiscal 2025?
First Advantage generated $188.5M of free cash flow in fiscal 2025.
What was First Advantage's revenue last quarter?
In its most recent reported quarter (2026 Q2), First Advantage reported revenue of $448.8M.
How much debt does First Advantage have?
First Advantage reported $2.11B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of First Advantage are outstanding?
First Advantage reported a weighted average of 171.7 million basic shares outstanding in 2026 Q2.
What is First Advantage's market cap?
Based on its latest closing price, First Advantage (FA) has a market capitalization of about $3.33B.
When does First Advantage's fiscal year end?
First Advantage's fiscal year end, as registered with the SEC, is December 31.
Where is First Advantage headquartered?
First Advantage lists its business address in Atlanta, Georgia in its SEC filings.