FIRST ADVANTAGE CORPFAEarnings & Financial Report
First Advantage Corp is a leading global provider of end-to-end workforce screening and background verification solutions. It serves clients across diverse sectors including technology, healthcare, finance, retail, and manufacturing, ranging from small businesses to large multinational enterprises, helping reduce hiring risks, meet regulatory requirements, and build secure, trusted work environments globally.
Revenue
$354.6M
Gross Profit
N/A
Operating Profit
$7.6M
Net Profit
$-41.2M
Gross Margin
N/A
Operating Margin
2.1%
Net Margin
-11.6%
YoY Growth
109.3%
EPS
$-0.24
FIRST ADVANTAGE CORP Q1 FY2025 Financial Summary
FIRST ADVANTAGE CORP reported revenue of $354.6M (up 109.3% YoY) for Q1 FY2025, with a net profit of $-41.2M (down 1316.6% YoY) (-11.6% margin).
Key Financial Metrics
| Total Revenue | $354.6M |
|---|---|
| Net Profit | $-41.2M |
| Gross Margin | N/A |
| Operating Margin | 2.1% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
FIRST ADVANTAGE CORP Q1 FY2025 revenue of $354.6M breaks down across 4 segments, led by Sterling at $187.2M (52.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Sterling | $187.2M | 52.8% |
| First Advantage Americas | $144.9M | 40.9% |
| First Advantage International | $22.5M | 6.3% |
| Intersegment Revenues | $1.3M | 0.4% |
FIRST ADVANTAGE CORP Revenue by Segment — Quarterly Trend
FIRST ADVANTAGE CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Sterling and First Advantage Americas) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Sterling | $185.9M | $198.6M | $203.4M | $187.2M |
| First Advantage Americas | $209.9M | — | — | $144.9M |
| First Advantage International | $24.2M | $28.2M | $24.4M | $22.5M |
| Intersegment Revenues | — | $1.5M | $1.6M | $1.3M |
FIRST ADVANTAGE CORP Annual Revenue by Year
FIRST ADVANTAGE CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.6B |
| 2024 | $860.2M |
| 2023 | $763.8M |
| 2022 | $810.0M |
FIRST ADVANTAGE CORP Quarterly Revenue & Net Profit History
FIRST ADVANTAGE CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $420.0M | +36.8% | $3.5M | 0.8% |
| Q3 FY2025 | $409.2M | +105.5% | $2.6M | 0.6% |
| Q2 FY2025 | $390.6M | +111.7% | $308.0K | 0.1% |
| Q1 FY2025 | $354.6M | +109.3% | $-41.2M | -11.6% |
| Q4 FY2024 | $307.1M | +51.6% | $-100.4M | -32.7% |
| Q3 FY2024 | $199.1M | -0.6% | $-8.9M | -4.4% |
| Q2 FY2024 | $184.5M | -0.4% | $1.9M | 1.0% |
| Q1 FY2024 | $169.4M | -3.5% | $-2.9M | -1.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $169.4M | $184.5M | $199.1M | $307.1M | $354.6M | $390.6M | $409.2M | $420.0M |
| YoY Growth | -3.5% | -0.4% | -0.6% | 51.6% | 109.3% | 111.7% | 105.5% | 36.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.63B | $1.64B | $1.66B | $3.92B | $3.87B | $3.87B | $3.86B | $3.83B |
| Liabilities | $724.2M | $722.6M | $736.4M | $2.62B | $2.59B | $2.57B | $2.55B | $2.52B |
| Equity | $907.7M | $913.3M | $920.7M | $1.31B | $1.28B | $1.30B | $1.30B | $1.31B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $38.3M | $32.0M | $43.5M | $-85.7M | $19.5M | $37.3M | $72.4M | $65.9M |