First Advantage Corp balance sheet
At the end of fiscal 2025, First Advantage Corp had total assets of $3.83bn, total liabilities of $2.52bn and shareholders' equity of $1.31bn. It held $240m in cash against $2.11bn of debt.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 81 | 153 | 293 | 392 | 214 | 169 | 240 | 238 |
| Receivables | — | 111 | 156 | 144 | 143 | 267 | 297 | 309 |
| Total current assets | — | 278 | 466 | 566 | 374 | 476 | 562 | 581 |
| Goodwill | — | 770 | 794 | 793 | 821 | 2,125 | 2,144 | 2,135 |
| Total assets | — | 1,764 | 1,887 | 1,886 | 1,631 | 3,923 | 3,834 | 3,747 |
| Accounts payable | — | 44 | 54 | 55 | 47 | 121 | 110 | 124 |
| Deferred revenue (current) | — | 0 | 1 | 1 | 2 | 4 | 5 | 5 |
| Total current liabilities | — | 98 | 109 | 101 | 85 | 251 | 230 | 230 |
| Short-term debt | — | 7 | 0 | — | 0 | 22 | 0 | — |
| Long-term debt | — | 779 | 555 | 557 | 558 | 2,121 | 2,080 | 2,034 |
| Total debt | 0 | 812 | 565 | 565 | 565 | 2,185 | 2,115 | 2,034 |
| Total liabilities | — | 969 | 754 | 759 | 724 | 2,616 | 2,520 | 2,453 |
| Shareholders' equity | — | 794 | 1,132 | 1,127 | 907 | 1,307 | 1,314 | 1,294 |
| Shares outstanding | — | 130m | 153m | 149m | 145m | 173m | 174m | 172m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 143 | 267 | 266 | 283 | 291 | 297 | 288 | 309 |
| Total current assets | 467 | 476 | 472 | 503 | 542 | 562 | 539 | 581 |
| Goodwill | 822 | 2,125 | 2,128 | 2,143 | 2,140 | 2,144 | 2,138 | 2,135 |
| Total assets | 1,657 | 3,923 | 3,872 | 3,871 | 3,856 | 3,834 | 3,754 | 3,747 |
| Accounts payable | 71 | 121 | 116 | 112 | 128 | 110 | 107 | 124 |
| Deferred revenue (current) | 2 | 4 | 5 | 5 | 5 | 5 | 5 | 5 |
| Total current liabilities | 121 | 251 | 241 | 253 | 240 | 230 | 203 | 230 |
| Short-term debt | — | 22 | 22 | 22 | 0 | 0 | — | — |
| Long-term debt | 560 | 2,121 | 2,117 | 2,104 | 2,103 | 2,080 | 2,057 | 2,034 |
| Total debt | 560 | 2,143 | 2,139 | 2,126 | 2,103 | 2,080 | 2,057 | 2,034 |
| Total liabilities | 736 | 2,616 | 2,593 | 2,572 | 2,555 | 2,520 | 2,460 | 2,453 |
| Shareholders' equity | 921 | 1,307 | 1,279 | 1,299 | 1,302 | 1,314 | 1,294 | 1,294 |
| Shares outstanding | 146m | 173m | 174m | 174m | 174m | 174m | 173m | 172m |
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