First Advantage Corp income statement
In fiscal 2025, First Advantage Corp reported revenue of $1.57bn, up 83.0% on the year before, operating income of $132m (a 8.4% margin) and net income of −$34.8m, or −$0.20 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 482 | 472 | 712 | 810 | 764 | 860 | 1,574 | 1,663 |
| Research and development | 33 | 32 | 46 | 52 | 49 | 64 | 102 | 101 |
| Selling, general and administrative | 85 | 67 | 108 | 117 | 117 | 264 | 236 | 224 |
| Operating income | 92 | −2 | 64 | 94 | 82 | −62 | 132 | 178 |
| Interest expense | 52 | 48 | 25 | — | — | — | — | — |
| Net interest income | — | −47 | −25 | −9 | −33 | −52 | −169 | −139 |
| Income before tax | 41 | −59 | 25 | 85 | 48 | −115 | −37 | 37 |
| Income tax | −7 | −11 | 9 | 20 | 11 | −4 | −2 | 12 |
| Net income | 34 | −47 | 16 | 65 | 37 | −110 | −35 | 25 |
| Diluted EPS | $0.21 | −$0.37 | $0.11 | $0.43 | $0.26 | −$0.74 | −$0.20 | $0.15 |
| Diluted shares (average) | 164m | 130m | 142m | 152m | 146m | 149m | 173m | 173m |
| EBITDA | 107 | 60 | 133 | 164 | 149 | 15 | 244 | 289 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 199 | 307 | 355 | 391 | 409 | 420 | 385 | 449 |
| Research and development | 13 | 25 | 27 | 26 | 25 | 24 | 25 | 27 |
| Selling, general and administrative | 46 | 139 | 66 | 57 | 57 | 56 | 53 | 58 |
| Operating income | 9 | −81 | 8 | 38 | 42 | 45 | 34 | 57 |
| Net interest income | −17 | −24 | −47 | −45 | −40 | −37 | −30 | −32 |
| Income before tax | −8 | −105 | −39 | −7 | 2 | 7 | 3 | 25 |
| Income tax | 1 | −4 | 2 | −8 | −1 | 4 | 1 | 8 |
| Net income | −9 | −100 | −41 | 0 | 3 | 3 | 2 | 17 |
| Diluted EPS | −$0.06 | −$0.67 | −$0.24 | $0.00 | $0.01 | $0.02 | $0.01 | $0.10 |
| EBITDA | 25 | −51 | 35 | 65 | 70 | 73 | 61 | 85 |
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