AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
First Advantage revenue grew 14.9% YoY to $448.8M in Q2 2026, driven by 10.6% growth from existing customers and new customer acquisitions, with net income of $16.9M versus $0.3M prior year.
Biggest Revenue Drivers
Sterling$209.5M+2.6% YoY
Sterling Check Corp. acquired October 31, 2024; provides global background screening and compliance services.
First Advantage Americas$216.0M+32.5% YoY
Legacy First Advantage U.S., Canada, and Latin America segment; growth from existing customer upsell/cross-sell and new customer go-lives.
Biggest Revenue Drivers
Total revenue: $448.8M+14.9% YoY
Sterling$209.5M+2.6% YoY
Sterling Check Corp. acquired October 31, 2024; provides global background screening and compliance services.
First Advantage Americas$216.0M+32.5% YoY
Legacy First Advantage U.S., Canada, and Latin America segment; growth from existing customer upsell/cross-sell and new customer go-lives.
First Advantage International$23.3M-4.6% YoY
Europe, India, and Asia Pacific operations; decline reflects macroeconomic headwinds in international markets.
Largest Expense Items
Cost of services$244.8M+17.8% YoY
$29.8M increase in third-party data expenses due to revenue volume growth; cost of services as % of revenue increased to 54.5% from 53.2%.
Depreciation and amortization$61.9MFlat YoY
Unchanged at $61.9M; primarily acquisition-related intangible asset amortization.
Selling, general, and administrative$57.8M+0.6% YoY
$3.0M increase in incentive/commission expenses offset by $2.1M cost-savings from 2025 restructuring and $1.8M foreign exchange gains.
Product and technology expense$27.3M+6.2% YoY
$2.8M increase in personnel and software costs for product platform investments, partially offset by lower integration services costs.
Watch Items from the Filing
First Advantage International segment Adjusted EBITDA margin collapsed to 5.5% in Q2 2026 from 16.7% prior year; segment revenues declined 4.6% YoY amid macroeconomic uncertainty and geopolitical risks.
Company carries $2.06B term loan debt with springing leverage covenant on $250M revolver (7.75x max if >40% utilized). Voluntary $50M prepayments in H1 2026 and additional $45M in August 2026 demonstrate active deleveraging.
Company repurchased 3.2M shares for $38.1M in H1 2026 under $100M program authorized February 2026; $61.8M authorization remaining; share count declining from buybacks and debt prepayment prioritization.
Operating cash flow of $123M in H1 2026 versus $56.8M prior year reflects revenue growth and lower interest payments post-refinancing; company has $237.9M cash and $249.3M revolving capacity available.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Staples ScottChief Executive OfficerGrant or award · Mar 2, 2026
Marks Steven IrwinChief Financial OfficerGrant or award · Mar 2, 2026
About FIRST ADVANTAGE CORP (FA): stock profile, AI score and financials
FIRST ADVANTAGE CORP (FA) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores FA at 64.9/100 on a composite quality score built from its SEC filings, placing it at rank #507 of 2,925 stocks — the top 25% of the AI-ranked universe. FA scores in the top quartile across earnings quality (94.3), revenue growth (93.8). Areas of concern include institutional flow (34.9) and balance sheet strength (38.1), which score below median versus the broader universe. Shareholder dilution risk is elevated at 44.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), FIRST ADVANTAGE CORP reports quarterly revenue of $448.8M, net income of $16.9M, an operating margin of 12.7%. Top institutional holders of FA by reported 13-F value include Silver Lake Group, L.L.C., PRICE T ROWE ASSOCIATES, BlackRock, based on the most recent SEC filings. FA trades on the Nasdaq exchange and files with the SEC under CIK 1210677. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FIRST ADVANTAGE CORP directly from SEC EDGAR.