FA on Nasdaq

FIRST ADVANTAGE CORP

Computer processing and data preparation services company.

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Last updated Oct 18, 2026.

Overview

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  • TickerFA on Nasdaq
  • IndustryServices-Computer Processing & Data Preparation
  • Business address1 Concourse Parkway Ne, Suite 200, Attn: Bret T. Jardine, Esq., Atlanta, Ga 303282
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.4%Operating margin3
-2.2%Net margin3
83.0%Revenue growth, 20253
-2.7%Return on equity3
1.58×Debt to equity3
$188.5MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Sterling brought in 49% of the revenue FIRST ADVANTAGE CORP broke down this way in fiscal 2025.

  1. Sterling$775.1M349%up 587% from 2024
  2. First Advantage Americas$700.0M344%up 7% from 2024
  3. First Advantage International$99.3M36%up 10% from 2024
Business segments by year
Business segments202320242025
Sterling$0$112.9M$775.1M
First Advantage Americas$672.1M$656.9M$700.0M
First Advantage International$91.7M$90.4M$99.3M

Regions

United States brought in 86% of the revenue FIRST ADVANTAGE CORP broke down this way in fiscal 2025.

  1. United States$1.4B386%up 82% from 2024
  2. Outside the United States$223.4M314%up 87% from 2024
Regions by year
Regions202320242025
United States$660.6M$740.5M$1.4B
Outside the United States$103.2M$119.7M$223.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development6¢$101.9M
  • Selling, general and admin15¢$236.2M
  • Other costs78¢$1.2B
  • Income tax0¢$2.4M

Out of $1.6B in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$6.6M
  • Kept or used elsewhere97¢$188.5M

Out of $195.1M of cash from operations.3

Financial statements

Revenue4563$1.6B in 2025+227% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $481.8M$481.8M20192021: $712.3M$712.3M2021+48%2022: $810.0M$810.0M2022+14%2023: $763.8M$763.8M2023−6%2024: $860.2M$860.2M2024+13%2025: $1.6B$1.6B2025+83%
Operating income4563$132.5M in 2025+44% since 2019
-$100.0M-$50.0M0$50.0M$100.0M$150.0M2019: $92.2M$92.2M20192021: $63.8M$63.8M2021−31%2022: $94.3M$94.3M2022+48%2023: $81.5M$81.5M2023−14%2024: -$62.4M-$62.4M20242025: $132.5M$132.5M2025
Net income4563-$34.8M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2019: $34.2M$34.2M20192021: $16.1M$16.1M2021−53%2022: $64.6M$64.6M2022+302%2023: $37.3M$37.3M2023−42%2024: -$110.3M-$110.3M20242025: -$34.8M-$34.8M2025−68%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
REVENUES$1.6B$860.2M$763.8M
Cost of services (exclusive of depreciation and amortization below)$855.3M$448.9M$386.8M
Product and technology expense$101.9M$63.8M$49.3M
Selling, general, and administrative expense$236.2M$263.9M$116.7M
Depreciation and amortization$248.6M$145.9M$129.5M
Total operating expenses$1.4B$922.6M$682.2M
INCOME (LOSS) FROM OPERATIONS$132.5M-$62.4M$81.5M
Interest expense, net$168.7M$51.8M$33.0M
Loss on extinguishment of debt$1.1M$383.0K$0
Total other expense, net$169.7M$52.2M$33.0M
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES-$37.3M-$114.6M$48.5M
(Benefit) provision for income taxes-$2.4M-$4.3M$11.2M
NET (LOSS) INCOME-$34.8M-$110.3M$37.3M
Foreign currency translation income (loss)$17.0M-$16.2M$1.2M
COMPREHENSIVE (LOSS) INCOME-$17.8M-$126.4M$38.5M
Basic net (loss) income per share-$0.20-$0.74$0.26
Diluted net (loss) income per share-$0.20-$0.74$0.26
Weighted average number of shares outstanding - basic173.2M shares148.6M shares144.1M shares
Weighted average number of shares outstanding - diluted173.2M shares148.6M shares146.2M shares

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Leadership

Who has led FIRST ADVANTAGE CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John W. Long2006–2007
  2. Anand K. Nallathambi2007–2009
  3. Scott Staples2021–now

President

  1. Anand K. Nallathambi2006–2009
  2. Howard Tischler2006–2009
  3. Bart Kenneth Valdez2006–2008
  4. Elizabeth Henricks2006–2007
  5. Evan T. Barnett2006–2009
  6. Joann M. Laing2008
  7. Joseph K. Jaeger2021–2024
  8. Joelle M. Smith2024–now

Chief financial officer

  1. John Lamson2006–2009
  2. David L. Gamsey2021–2024

Chief operating officer

  1. Douglas Nairne2024–now
2010201520202025
Board members and other officers (35)

Timeline

  1. Jun 23, 2021New chief executive Scott Staples becomes CEO10
  2. Apr 2, 2007New chief executive Anand K. Nallathambi becomes CEO11
  3. Feb 14, 2006New chief executive John W. Long becomes CEO12

Filings

249 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 99 insider forms, 11 large holders, 79 other. The latest 20:

  1. Sep 18, 20264 PRIMARY DOCUMENT EDGAR
  2. Aug 14, 20263 EDGAR
  3. Aug 14, 20264 EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 12, 2026SCHEDULE 13G/A EDGAR
  6. Aug 12, 20268-K EDGAR
  7. Aug 12, 2026424B7 EDGAR
  8. Aug 10, 2026FWP EDGAR
  9. Aug 10, 2026S-3ASR EDGAR
  10. Aug 6, 202610-Q EDGAR
  11. Aug 6, 20268-K EDGAR
  12. Jul 28, 2026SCHEDULE 13G EDGAR
  13. Jun 10, 20264 PRIMARY DOCUMENT EDGAR
  14. Jun 8, 2026144 EDGAR
  15. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  16. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  17. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  18. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  19. Jun 8, 20268-K EDGAR
  20. Jun 3, 20264 PRIMARY DOCUMENT EDGAR

The 249 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 11 such filings since October 2021, the latest 10:

  1. Aug 14, 2026SCHEDULE 13G/A
  2. Aug 12, 2026SCHEDULE 13G/A
  3. Jul 28, 2026SCHEDULE 13G
  4. May 6, 2026SCHEDULE 13G
  5. Feb 13, 2026SCHEDULE 13G
  6. Nov 14, 2025SCHEDULE 13G/A
  7. Nov 5, 2025SCHEDULE 13G/A
  8. Aug 14, 2025SCHEDULE 13G
  9. May 12, 2025SCHEDULE 13G
  10. Feb 9, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Silver Lake Group, L.L.C.89,557,840$1.6B35.3%No change
BlackRock, Inc.12,063,590$217.7M0.0%+6,073,445
Capital World Investors10,690,358$193.0M0.0%+291,644
Fmr LLC7,652,905$138.1M0.0%−1,424,776
Alliancebernstein L.P.7,620,910$89.6M0.0%−287,480
Cat Rock Capital Management LP4,228,018$76.3M17.7%No change
Vanguard Portfolio Management LLC4,118,357$74.3M0.0%+593,576
Bamco Inc /ny/3,502,140$63.2M0.1%−248,033
Vanguard Capital Management LLC3,451,299$62.3M0.0%+4,379
Boston Partners3,230,897$59.5M0.1%+533,196
State Street Corp3,220,986$58.1M0.0%+1,325,591
Dimensional Fund Advisors LP3,107,859$56.1M0.0%+1,007,938
American Century Companies Inc2,277,976$41.1M0.0%+1,990
Geode Capital Management, LLC2,197,223$39.7M0.0%+104,110
Emerald Advisers, LLC2,188,875$39.5M0.9%+1,041,010
Sunriver Management LLC1,940,912$35.0M5.5%−1,091,799
Jpmorgan Chase & Co1,855,581$33.7M0.0%−1,035,957
Emerald Mutual Fund Advisers Trust1,425,858$25.7M0.9%+753,142
Jennison Associates LLC1,177,058$21.2M0.0%+550,776
Morgan Stanley1,020,872$18.4M0.0%+269,867
Cortland Associates Inc/mo881,185$15.9M2.3%−24,154
Northern Trust Corp825,364$14.9M0.0%+155,433
Palisade Capital Management, LP805,144$14.5M0.7%−904,143
Ameriprise Financial Inc772,765$13.9M0.0%New
Charles Schwab Investment Management Inc729,945$13.2M0.0%+62,348

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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