FA · First Advantage Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $1.57B | $860.21M | $763.76M | $810.02M | $481.77M |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| R&D | $101.85M | $63.82M | $49.26M | $51.93M | $33.24M |
| SG&A | $236.18M | $263.94M | $116.73M | $116.64M | $85.08M |
| Total Operating Expenses | $1.44B | $922.59M | $682.25M | $715.75M | $389.60M |
| D&A | $111.80M | $77.20M | $67.40M | $70.00M | $14.90M |
| Operating Income | $132.47M | ($62.38M) | $81.52M | $94.28M | $92.17M |
| Interest Expense | - | - | - | - | $51.96M |
| Income Tax | ($2.43M) | ($4.34M) | $11.18M | $20.48M | ($6.90M) |
| Net Income | ($34.82M) | ($110.27M) | $37.29M | $64.60M | $16.05M |
| EPS - Basic | ($0.20) | ($0.74) | $0.26 | $0.43 | $0.23 |
| EPS - Diluted | ($0.20) | ($0.74) | $0.26 | $0.43 | $0.11 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $240.00M | $168.69M | $213.77M | $391.65M | $292.64M |
| Accounts Receivable | $297.28M | $266.80M | $142.69M | $143.81M | $155.77M |
| Inventory | - | - | - | - | - |
| Accounts Payable | $109.89M | $120.87M | $47.02M | $54.95M | $53.98M |
| Current Assets | $561.70M | $475.99M | $373.74M | $566.20M | $466.16M |
| Total Assets | $3.83B | $3.92B | $1.63B | $1.89B | $1.89B |
| Current Liabilities | $230.46M | $250.69M | $85.04M | $100.79M | $109.31M |
| Long-term Debt | $2.08B | $2.12B | $558.46M | $556.65M | $554.85M |
| Total Liabilities | $2.52B | $2.62B | $723.92M | $759.21M | $754.34M |
| Stockholders' Equity | $1.31B | $1.31B | $906.73M | $1.13B | $1.13B |
| Retained Earnings | ($194.63M) | ($159.81M) | ($49.55M) | ($27.36M) | ($31.44M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | $195.13M | $28.20M | $162.82M | $212.77M | $148.68M |
| Investing Cash Flow | ($54.13M) | ($1.65B) | ($66.85M) | ($48.60M) | ($17.79M) |
| Financing Cash Flow | ($70.76M) | $1.58B | ($273.56M) | ($59.15M) | ($3.18M) |
| CapEx | $6.63M | $1.72M | $2.08M | $6.17M | $6.58M |
| Free Cash Flow | $188.49M | $26.48M | $160.74M | $206.60M | $142.10M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | - | - | - | - | - |
| Operating margin | 8.4% | -7.3% | 10.7% | 11.6% | 19.1% |
| EBITDA margin | 15.5% | 1.7% | 19.5% | 20.3% | 22.2% |
| Net margin | -2.2% | -12.8% | 4.9% | 8.0% | 3.3% |
| Free cash flow margin | 12.0% | 3.1% | 21.0% | 25.5% | 29.5% |
| FCF / Net income | -5.41 | -0.24 | 4.31 | 3.20 | 8.85 |
| R&D / Revenue | 6.5% | 7.4% | 6.5% | 6.4% | 6.9% |
| SG&A / Revenue | 15.0% | 30.7% | 15.3% | 14.4% | 17.7% |
| Effective tax rate | - | - | 23.1% | 24.1% | -75.4% |
| Return on assets | -0.9% | -2.8% | 2.3% | 3.4% | 0.9% |
| Return on equity | -2.7% | -8.4% | 4.1% | 5.7% | 1.4% |
| Return on invested capital | 3.1% | -1.4% | 4.3% | 4.3% | 5.5% |
| Liquidity | |||||
| Current ratio | 2.44 | 1.90 | 4.39 | 5.62 | 4.26 |
| Quick ratio | 2.44 | 1.90 | 4.39 | 5.62 | 4.26 |
| Cash ratio | 1.04 | 0.67 | 2.51 | 3.89 | 2.68 |
| Leverage | |||||
| Debt / Equity | 1.58 | 1.62 | 0.62 | 0.49 | 0.49 |
| Debt / Assets | 0.54 | 0.54 | 0.34 | 0.30 | 0.29 |
| Debt / EBITDA | 8.52 | 143.18 | 3.75 | 3.39 | 5.18 |
| Interest coverage | - | - | - | - | 1.8x |
| Equity multiplier | 2.92 | 3.00 | 1.80 | 1.67 | 1.67 |
| Liabilities / Assets | 0.66 | 0.67 | 0.44 | 0.40 | 0.40 |
| Efficiency | |||||
| Asset turnover | 0.41 | 0.22 | 0.47 | 0.43 | 0.26 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 69d | 113d | 68d | 65d | 118d |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | 63.7x | 30.2x | 173.1x |
| P / B | 1.9x | 2.1x | 2.7x | 1.8x | 2.4x |
| P / S | 1.6x | 3.2x | 3.2x | 2.4x | 5.6x |
| EV / EBITDA | 17.8x | 319.6x | 18.6x | 13.0x | 27.6x |
| Growth | |||||
| Revenue growth (YoY) | 83.0% | 12.6% | -5.7% | 68.1% | - |
| Revenue CAGR (3y) | 24.8% | 21.3% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -13.5% | 2.3% | - |
| Net income growth (YoY) | 68.4% | - | -42.3% | 302.5% | - |
| EPS growth (YoY) | 73.0% | - | -39.5% | 290.9% | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | 611.9% | -83.5% | -22.2% | 45.4% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | 0.5% | 44.1% | -19.5% | -0.5% | - |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.76
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Processing & Data Preparation
Comparing FIRST ADVANTAGE CORP against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Aug 18, 2023 | $1.5000 |