NASDAQ : FA
First Advantage Corporation — Financial statements
Industrials · Specialty Business Services · United States
Last price 20.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.60B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
First Advantage Corporation (FA) reported revenue of 1.66B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.66B | 1.57B | 860.21M | 763.76M | 810.02M | 712.29M |
| Revenue | 1.66B | 1.57B | 860.21M | 763.76M | 810.02M | 712.29M |
| Cost of Revenue | 911.08M | 855.31M | 448.91M | 386.78M | 408.93M | 352.17M |
| Gross Profit | 752.05M | 719.08M | 411.29M | 376.98M | 401.10M | 360.12M |
| Selling, General & Admin | 230.01M | 236.18M | 263.94M | 116.73M | 116.64M | 107.98M |
| Research & Development | 100.89M | 101.85M | 63.82M | 49.26M | 51.93M | 45.51M |
| Operating Expenses | 579.99M | 586.62M | 473.68M | 295.47M | 306.82M | 296.30M |
| Operating Income | 172.06M | 132.47M | -62.38M | 81.52M | 94.28M | 63.82M |
| Interest Expense | -142.45M | -172.37M | -61.45M | -46.44M | -14.20M | -25.07M |
| Interest & Investment Income | 3.70M | 3.70M | 9.60M | 13.40M | 5.00M | 100.00K |
| EBT Excluding Unusual Items | 33.31M | -36.20M | -114.23M | 48.48M | 85.08M | 38.85M |
| Merger & Restructuring Charges | 5.60M | |||||
| Other Unusual Items | -1.53M | -1.05M | -383.00K | -13.94M | ||
| Pretax Income | 37.38M | -37.25M | -114.61M | 48.48M | 85.08M | 24.91M |
| Income Tax Expense | 12.23M | -2.43M | -4.34M | 11.18M | 20.48M | 8.86M |
| Earnings From Continuing Operations | 25.14M | -34.82M | -110.27M | 37.29M | 64.60M | 16.05M |
| Net Income to Company | 25.14M | -34.82M | -110.27M | 37.29M | 64.60M | 16.05M |
| Net Income | 25.14M | -34.82M | -110.27M | 37.29M | 64.60M | 16.05M |
| Net Income to Common | 25.14M | -34.82M | -110.27M | 37.29M | 64.60M | 16.05M |
| Shares Outstanding (Basic) | 173.12M | 173.20M | 148.58M | 144.08M | 150.23M | 140.48M |
| Shares Outstanding (Diluted) | 173.69M | 173.20M | 148.58M | 146.23M | 151.81M | 141.69M |
| EPS (Basic) | 0.15 | -0.20 | -0.74 | 0.26 | 0.43 | 0.11 |
| EPS (Diluted) | 0.15 | -0.20 | -0.74 | 0.26 | 0.43 | 0.11 |
| Free Cash Flow | 248.96M | 188.49M | 26.48M | 160.74M | 206.60M | 141.36M |
| Free Cash Flow Per Share | 1.43 | 1.09 | 0.18 | 1.10 | 1.36 | 1.00 |
| Gross Margin | 45.22% | 45.67% | 47.81% | 49.36% | 49.52% | 50.56% |
| Operating Margin | 10.35% | 8.41% | -7.25% | 10.67% | 11.64% | 8.96% |
| Profit Margin | 1.51% | -2.21% | -12.82% | 4.88% | 7.98% | 2.25% |
| Free Cash Flow Margin | 14.97% | 11.97% | 3.08% | 21.04% | 25.51% | 19.85% |
| EBITDA | 421.15M | 381.05M | 83.53M | 210.99M | 232.52M | 206.64M |
| EBITDA Margin | 25.32% | 24.20% | 9.71% | 27.62% | 28.71% | 29.01% |
| D&A For EBITDA | 249.09M | 248.58M | 145.92M | 129.47M | 138.25M | 142.81M |
| EBIT | 172.06M | 132.47M | -62.38M | 81.52M | 94.28M | 63.82M |
| EBIT Margin | 10.35% | 8.41% | -7.25% | 10.67% | 11.64% | 8.96% |
| Effective Tax Rate | 32.73% | 23.07% | 24.07% | 35.57% | ||
| Advertising Expenses | 4.80M | 2.90M | 1.90M | 2.90M | 1.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 237.90M | 240.00M | 168.69M | 213.77M | 391.65M | 292.64M |
| Short-Term Investments | 1.96M | 941.00K | ||||
| Trading Asset Securities | 2.07M | 3.11M | 11.57M | 197.00K | ||
| Cash & Short-Term Investments | 239.97M | 240.00M | 171.80M | 213.77M | 405.18M | 293.78M |
| Accounts Receivable | 309.28M | 297.28M | 266.80M | 142.69M | 143.81M | 155.77M |
| Other Receivables | 7.28M | 9.01M | 8.67M | 3.71M | 3.23M | 2.29M |
| Receivables | 316.56M | 306.29M | 275.47M | 146.40M | 147.04M | 158.06M |
| Prepaid Expenses | 24.40M | 15.32M | 27.93M | 13.43M | 13.84M | 12.07M |
| Restricted Cash | 110.00K | 86.00K | 795.00K | 138.00K | 141.00K | 148.00K |
| Other Current Assets | 2.10M | |||||
| Total Current Assets | 581.05M | 561.70M | 475.99M | 373.74M | 566.20M | 466.16M |
| Property, Plant & Equipment | 227.27M | 260.13M | 321.20M | 86.72M | 124.20M | 154.31M |
| Goodwill | 2.14B | 2.14B | 2.12B | 820.65M | 793.08M | 793.89M |
| Other Intangible Assets | 785.06M | 857.11M | 987.95M | 344.01M | 397.18M | 464.35M |
| Long-Term Deferred Tax Assets | 4.29M | 4.18M | 5.68M | 2.79M | 2.42M | 1.41M |
| Other Long-Term Assets | 14.42M | 7.08M | 7.54M | 2.74M | 2.75M | 6.46M |
| Total Assets | 3.75B | 3.83B | 3.92B | 1.63B | 1.89B | 1.89B |
| Accounts Payable | 124.25M | 109.89M | 120.87M | 47.02M | 54.95M | 53.98M |
| Accrued Expenses | 87.68M | 94.47M | 85.64M | 25.57M | 34.60M | 43.98M |
| Current Portion of Long-Term Debt | 18.00K | 6.49M | 22.10M | 1.58M | ||
| Current Portion of Leases | 3.12M | 3.58M | 4.26M | 3.35M | 5.06M | |
| Current Income Taxes Payable | 1.32M | 2.30M | 1.94M | 264.00K | 724.00K | 2.57M |
| Current Unearned Revenue | 5.25M | 5.03M | 4.27M | 1.86M | 1.06M | 873.00K |
| Other Current Liabilities | 8.30M | 8.70M | 11.60M | 5.40M | 4.40M | 7.90M |
| Total Current Liabilities | 229.94M | 230.46M | 250.69M | 85.04M | 100.79M | 109.31M |
| Long-Term Debt | 2.03B | 2.08B | 2.12B | 558.46M | 556.65M | 554.85M |
| Long-Term Leases | 4.16M | 5.53M | 9.17M | 5.93M | 7.88M | |
| Long-Term Deferred Tax Liabilities | 172.27M | 190.25M | 222.74M | 71.27M | 90.56M | 84.65M |
| Other Long-Term Liabilities | 13.15M | 13.97M | 11.97M | 3.22M | 3.34M | 5.54M |
| Total Liabilities | 2.45B | 2.52B | 2.62B | 723.92M | 759.21M | 754.34M |
| Common Stock | 172.00K | 174.00K | 173.00K | 145.00K | 149.00K | 153.00K |
| Additional Paid-In Capital | 1.54B | 1.53B | 1.50B | 977.29M | 1.18B | 1.17B |
| Retained Earnings | -214.11M | -194.63M | -159.81M | -49.55M | -27.36M | -31.44M |
| Comprehensive Income & Other | -33.11M | -20.30M | -37.33M | -21.16M | -22.33M | -1.64M |
| Total Common Equity | 1.29B | 1.31B | 1.31B | 906.73M | 1.13B | 1.13B |
| Shareholders' Equity | 1.29B | 1.31B | 1.31B | 906.73M | 1.13B | 1.13B |
| Total Liabilities & Equity | 3.75B | 3.83B | 3.92B | 1.63B | 1.89B | 1.89B |
| Total Debt | 2.04B | 2.10B | 2.16B | 569.32M | 569.59M | 554.85M |
| Net Cash (Debt) | -1.80B | -1.86B | -1.99B | -355.54M | -164.41M | -261.06M |
| Net Cash Per Share | -10.37 | -10.71 | -13.36 | -2.43 | -1.08 | -1.84 |
| Filing Date Shares Outstanding | 171.75M | 174.32M | 173.51M | 145.16M | 147.78M | 152.94M |
| Total Common Shares Outstanding | 171.57M | 174.19M | 173.17M | 145.07M | 148.73M | 152.90M |
| Working Capital | 351.11M | 331.24M | 225.31M | 288.70M | 465.41M | 356.85M |
| Book Value Per Share | 7.54 | 7.54 | 7.55 | 6.25 | 7.57 | 7.41 |
| Tangible Book Value | -1.63B | -1.69B | -1.81B | -257.94M | -63.64M | -126.00M |
| Tangible Book Value Per Share | -9.48 | -9.69 | -10.43 | -1.78 | -0.43 | -0.82 |
| Machinery | 40.94M | 36.46M | 32.05M | 26.58M | 23.42M | 20.46M |
| Leasehold Improvements | 1.28M | 1.28M | 3.01M | 2.27M | 2.96M | 3.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 25.14M | -34.82M | -110.27M | 37.29M | 64.60M | 16.05M |
| Depreciation & Amortization | 253.60M | 253.09M | 149.26M | 129.47M | 138.25M | 142.81M |
| Other Amortization | 6.12M | 6.31M | 2.62M | 1.81M | 1.80M | 5.94M |
| Loss (Gain) From Sale of Assets | 8.49M | 2.15M | -275.00K | 1.61M | 1.26M | 76.00K |
| Loss (Gain) From Sale of Investments | -9.75M | 4.84M | -10.51M | 116.00K | -12.43M | -2.28M |
| Stock-Based Compensation | 20.42M | 24.46M | 31.76M | 15.27M | 7.86M | 9.53M |
| Provision & Write-off of Bad Debts | 2.99M | 705.00K | 158.00K | -56.00K | 207.00K | -17.00K |
| Other Operating Activities | -25.14M | -34.47M | -34.38M | -19.49M | 4.69M | 10.44M |
| Change in Accounts Receivable | -30.12M | -29.67M | 20.77M | 2.34M | 9.15M | -40.84M |
| Change in Accounts Payable | 12.50M | -16.02M | -25.45M | -8.50M | 2.98M | 7.52M |
| Change in Unearned Revenue | 475.00K | 735.00K | 762.00K | 788.00K | 91.00K | 196.00K |
| Change in Income Taxes | 2.14M | 338.00K | 321.00K | -929.00K | -3.04M | 1.31M |
| Change in Other Net Operating Assets | -5.52M | 17.48M | 3.42M | 3.11M | -2.65M | -2.05M |
| Operating Cash Flow | 261.34M | 195.13M | 28.20M | 162.82M | 212.77M | 148.68M |
| Capital Expenditures | -12.38M | -6.63M | -1.72M | -2.08M | -6.17M | -7.31M |
| Cash Acquisitions | -1.62B | -41.12M | -19.05M | -48.93M | ||
| Sale (Purchase) of Intangibles | -53.51M | -47.62M | -30.55M | -25.61M | -22.36M | -16.48M |
| Other Investing Activities | 2.07M | 122.00K | 89.00K | 1.97M | -1.02M | 305.00K |
| Investing Cash Flow | -63.83M | -54.13M | -1.65B | -66.85M | -48.60M | -72.43M |
| Long-Term Debt Issued | 1.68B | 261.41M | ||||
| Total Debt Issued | 1.68B | 261.41M | ||||
| Long-Term Debt Repaid | -70.46M | -59.21M | -104.00K | -884.00K | -512.11M | |
| Total Debt Repaid | -100.00M | -70.46M | -59.21M | -104.00K | -884.00K | -512.11M |
| Net Debt Issued (Repaid) | -100.00M | -70.46M | 1.62B | -104.00K | -884.00K | -250.70M |
| Issuance of Common Stock | 5.87M | 3.75M | 14.65M | 4.57M | 3.52M | 321.19M |
| Repurchase of Common Stock | -38.18M | -58.99M | -60.53M | |||
| Common Dividends Paid | -313.00K | |||||
| Other Financing Activities | -2.44M | -3.91M | -53.22M | -1.29M | -1.26M | -6.33M |
| Financing Cash Flow | -134.89M | -70.76M | 1.58B | -273.56M | -59.15M | 63.85M |
| Foreign Exchange Rate Adjustments | -8.96M | 362.00K | -1.70M | -301.00K | -6.01M | -278.00K |
| Net Cash Flow | 53.66M | 70.60M | -44.43M | -177.88M | 99.01M | 139.82M |
| Free Cash Flow | 248.96M | 188.49M | 26.48M | 160.74M | 206.60M | 141.36M |
| Free Cash Flow Margin | 14.97% | 11.97% | 3.08% | 21.04% | 25.51% | 19.85% |
| Free Cash Flow Per Share | 1.43 | 1.09 | 0.18 | 1.10 | 1.36 | 1.00 |
| Levered Free Cash Flow | 215.07M | 183.22M | 73.98M | 126.20M | 167.21M | 129.07M |
| Unlevered Free Cash Flow | 297.99M | 284.63M | 109.77M | 153.42M | 174.28M | 138.80M |
| Cash Interest Paid | 146.99M | 161.80M | 65.77M | 45.70M | 27.04M | 23.03M |
| Cash Income Tax Paid | 32.60M | 30.42M | 23.39M | 31.62M | 17.48M | 10.36M |
| Change in Working Capital | -20.53M | -27.14M | -168.00K | -3.20M | 6.53M | -33.87M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.79B | 2.53B | 3.23B | 2.40B | 1.98B | 2.91B |
| Enterprise Value | 5.59B | 4.43B | 3.50B | 2.80B | 2.15B | 3.19B |
| Last Close Price | 21.59 | 14.53 | 18.73 | 16.57 | 11.71 | 17.15 |
| PE Ratio | 151.89 | 64.48 | 30.57 | 181.34 | ||
| Forward PE | 16.15 | 12.87 | 20.26 | 15.48 | 12.70 | 21.59 |
| PS Ratio | 2.29 | 1.61 | 3.76 | 3.15 | 2.44 | 4.09 |
| PB Ratio | 2.86 | 1.93 | 2.47 | 2.65 | 1.75 | 2.57 |
| P/FCF Ratio | 15.32 | 13.42 | 122.14 | 14.96 | 9.56 | 20.59 |
| P/OCF Ratio | 14.60 | 12.96 | 114.69 | 14.77 | 9.28 | 19.58 |
| PEG Ratio | 3.25 | 3.25 | 1.79 | 1.52 | 1.51 | |
| EV/Sales Ratio | 3.38 | 2.81 | 4.07 | 3.66 | 2.65 | 4.48 |
| EV/EBITDA Ratio | 13.33 | 11.63 | 41.88 | 13.26 | 9.22 | 15.44 |
| EV/EBIT Ratio | 32.64 | 33.46 | 34.33 | 22.75 | 49.99 | |
| EV/FCF Ratio | 22.56 | 23.52 | 132.12 | 17.41 | 10.38 | 22.57 |
| Debt / Equity Ratio | 1.58 | 1.59 | 1.65 | 0.63 | 0.51 | 0.49 |
| Debt / EBITDA Ratio | 4.79 | 5.43 | 24.42 | 2.63 | 2.37 | 2.69 |
| Debt / FCF Ratio | 8.20 | 11.12 | 81.46 | 3.54 | 2.76 | 3.92 |
| Net Debt / Equity Ratio | 1.39 | 1.41 | 1.52 | 0.39 | 0.15 | 0.23 |
| Net Debt / EBITDA Ratio | 4.28 | 4.87 | 23.76 | 1.69 | 0.71 | 1.26 |
| Net Debt / FCF Ratio | 7.24 | 9.85 | 74.97 | 2.21 | 0.80 | 1.85 |
| Asset Turnover | 0.44 | 0.41 | 0.31 | 0.43 | 0.43 | 0.39 |
| Quick Ratio | 2.42 | 2.37 | 1.78 | 4.24 | 5.48 | 4.13 |
| Current Ratio | 2.53 | 2.44 | 1.90 | 4.39 | 5.62 | 4.26 |
| Return on Equity (ROE) | 1.94% | -2.66% | -9.96% | 3.67% | 5.72% | 1.67% |
| Return on Assets (ROA) | 2.82% | 2.14% | -1.40% | 2.90% | 3.12% | 2.19% |
| Return on Invested Capital (ROIC) | 3.72% | 4.10% | -2.74% | 4.91% | 5.33% | 2.91% |
| Return on Capital Employed (ROCE) | 4.90% | 3.70% | -1.70% | 5.30% | 5.30% | 3.60% |
| Earnings Yield | 0.66% | -1.38% | -3.41% | 1.55% | 3.27% | 0.55% |
| FCF Yield | 6.53% | 7.45% | 0.82% | 6.68% | 10.46% | 4.86% |
| Payout Ratio | 1.95% | |||||
| Buyback Yield / Dilution | -6.44% | -16.57% | -1.61% | 3.68% | -7.14% | -8.99% |