What is the 13F Pro Quality Score for FA?

13F Pro ranks FIRST ADVANTAGE CORP (FA) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FA's current score at https://13fpro.ai/company/FA (free sign-up required for the full ranking).

Which hedge funds own the most FA stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of FA include Silver Lake Group, L.L.C., PRICE T ROWE ASSOCIATES /MD/, BlackRock,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/FA as soon as new 13F filings post.

Where does 13F Pro source FA data?

All FIRST ADVANTAGE CORP fundamentals and ownership data come directly from SEC EDGAR. FIRST ADVANTAGE CORP files with the SEC under CIK 1210677. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FA in?

FIRST ADVANTAGE CORP (FA) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives FA's revenue?

Per FIRST ADVANTAGE CORP's latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Sterling ($209.5M, +2.6% YoY); First Advantage Americas ($216.0M, +32.5% YoY); First Advantage International ($23.3M, -4.6% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/FA.

What are FA's largest expenses?

FIRST ADVANTAGE CORP's latest 10-Q reports these as the largest expense items: Cost of services ($244.8M, +17.8% YoY); Depreciation and amortization ($61.9M, Flat YoY); Selling, general, and administrative ($57.8M, +0.6% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is FA research updated on 13F Pro?

FA's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

FIRST ADVANTAGE CORP(FA)Stock Analysis

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13F Pro Quality Score

66.2/100

Rank #439 of 2,961 stocksTOP 25%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

93.7/100

Profitability

53.7/100

Balance Sheet

38.6/100

Earnings Quality

94.2/100

Free Cash Flow

65.3/100

Institutional Flow

35.4/100

Revenue Scale

59.9/100

Dilution Risk

45.4/100

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Why FA Scores 66/100

exact factor attribution · 2026-09-11

FA's composite is driven by revenue growth and earnings quality, held back by capital efficiency. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+8.7 pts

94th pct

Earnings quality

+4.4 pts

94th pct

Free cash flow

+2.3 pts

65th pct

Scale

+1.5 pts

60th pct

Earnings growth

+0.8 pts

66th pct

Profitability

+0.6 pts

54th pct

Shareholder dilution

-0.2 pts

45th pct

Institutional flow

-0.7 pts

35th pct

Capital efficiency

-1.1 pts

39th pct

Latest change (2026-08-10): 56 → 60 · ↑ Profit margin 28→45; ↑ Free cash flow 66→75; despite ↓ Earnings growth 30→17

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

FA Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for FIRST ADVANTAGE CORP (FA), a Technology sector company. 13F Pro's AI-powered ranking engine scores FA at 66.2/100 on a 32-signal composite quality model, placing it at rank #439 of 2,961 stocks — the top 25% of the AI-ranked universe. FA scores in the top quartile across earnings quality (94.2), revenue growth (93.7). Areas of concern include institutional flow (35.4) and balance sheet strength (38.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 45.4/100, 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. FIRST ADVANTAGE CORP's 13F Pro composite quality score has ranged between 39 and 66 since 2022, currently 66.2 — an improving long-term trajectory across 64 quarterly and live scoring snapshots.

✦

Fun facts about FIRST ADVANTAGE CORP

Quirks, history, and lore behind FA — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology services company · mid-cap · listed on Nasdaq · headquartered in Atlanta, Georgia.
2
The Numbers
Annual revenue in the range of roughly $700 million, serving tens of thousands of employers across multiple industries worldwide.
3
The History
Built through decades of acquisitions in the background-screening space, it went public on Nasdaq in 2021 after being taken private by a private equity firm years earlier.
4
The Secret
Every time a company wants to know if a job applicant is who they say they are, this firm is often quietly doing the criminal records check, employment verification, and drug screening behind the scenes.
5
The Lore
It operates in over 200 countries and territories, making it one of the largest global background screening providers on earth — a business that booms every time hiring booms.
6
The Giveaway
Its two-letter ticker spells out a clear head start — fitting for a company whose entire job is helping employers verify candidates before they get hired.

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What's Driving FA's Business? Latest 10-Q Breakdown

AI-extracted from FIRST ADVANTAGE CORP's 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.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$448.8M

Net Income

Q2 2026

$16.9M

Free Cash Flow

Q2 2026

$68.9M

Operating Margin

Q2 2026

12.7%

ROIC

Q2 2026

6.9%

D/E Ratio

Q2 2026

1.57

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+83.0% YoY

$1.57BFY 2025

FY22 $810.0MFY23 $763.8MFY24 $860.2MFY25 $1.57B

Net Income

+68.4% YoY

$-34.8MFY 2025

FY22 $64.6MFY23 $37.3MFY24 $-110.3MFY25 $-34.8M

Operating Income

+312.3% YoY

$132.5MFY 2025

FY22 $94.3MFY23 $81.5MFY24 $-62.4MFY25 $132.5M

EPS (Diluted)

+73.0% YoY

$-0.20FY 2025

FY22 $0.43FY23 $0.26FY24 $-0.74FY25 $-0.20

Total Assets

-2.3% YoY

$3.83BFY 2025

FY22 $1.89BFY23 $1.63BFY24 $3.92BFY25 $3.83B

Total Debt

-3.2% YoY

$2.11BFY 2025

FY22 $556.6MFY23 $564.7MFY24 $2.19BFY25 $2.11B

Op. Cash Flow

+592.0% YoY

$195.1MFY 2025

FY22 $212.8MFY23 $162.8MFY24 $28.2MFY25 $195.1M

Free Cash Flow

+611.9% YoY

$188.5MFY 2025

FY22 $206.6MFY23 $160.7MFY24 $26.5MFY25 $188.5M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.57B +83.0%	$860.2M +12.6%	$763.8M -5.7%	$810.0M +13.7%	$712.3M +50.8%	$472.4M
Net Income	$-34.8M +68.4%	$-110.3M -395.7%	$37.3M -42.3%	$64.6M +302.5%	$16.1M +133.8%	$-47.5M
Operating Income	$132.5M +312.3%	$-62.4M -176.5%	$81.5M -13.5%	$94.3M +47.7%	$63.8M +3228.6%	$-2.0M
EPS (Diluted)	$-0.20 +73.0%	$-0.74 -384.6%	$0.26 -39.5%	$0.43 +290.9%	$0.11 +129.7%	$-0.37
Total Assets	$3.83B -2.3%	$3.92B +140.6%	$1.63B -13.5%	$1.89B -0.0%	$1.89B +7.0%	$1.76B
Total Debt	$2.11B -3.2%	$2.19B +286.9%	$564.7M +1.5%	$556.6M +0.3%	$554.8M -31.6%	$811.6M
Operating Cash Flow	$195.1M +592.0%	$28.2M -82.7%	$162.8M -23.5%	$212.8M +43.1%	$148.7M +104.1%	$72.9M
Free Cash Flow	$188.5M +611.9%	$26.5M -83.5%	$160.7M -22.2%	$206.6M +46.2%	$141.4M +109.3%	$67.5M

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Available Research

13F Pro tracks comprehensive data for FIRST ADVANTAGE CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FA

Silver Lake Group, L.L.C.
$1.6B89,557,840 sh
PRICE T ROWE ASSOCIATES INC /MD/
$283.5M15,706,958 sh
BlackRock, Inc.
$217.7M12,063,590 sh
Capital World Investors
$193.0M10,690,358 sh
FMR LLC
$138.1M7,652,905 sh
ALLIANCEBERNSTEIN L.P.
$89.6M7,620,910 sh
CAT ROCK CAPITAL MANAGEMENT LP
$76.3M4,228,018 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$74.3M4,118,357 sh
BAMCO INC /NY/
$63.2M3,502,140 sh
VANGUARD CAPITAL MANAGEMENT LLC
$62.3M3,451,299 sh

Fund	Value	Shares
Silver Lake Group, L.L.C.	$1.6B	89,557,840
PRICE T ROWE ASSOCIATES INC /MD/	$283.5M	15,706,958
BlackRock, Inc.	$217.7M	12,063,590
Capital World Investors	$193.0M	10,690,358
FMR LLC	$138.1M	7,652,905
ALLIANCEBERNSTEIN L.P.	$89.6M	7,620,910
CAT ROCK CAPITAL MANAGEMENT LP	$76.3M	4,228,018
VANGUARD PORTFOLIO MANAGEMENT LLC	$74.3M	4,118,357
BAMCO INC /NY/	$63.2M	3,502,140
VANGUARD CAPITAL MANAGEMENT LLC	$62.3M	3,451,299

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Is FA a good stock to buy?

13F Pro's AI-powered analysis of FIRST ADVANTAGE CORP (FA) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FA are available on the FA stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. FA is classified as a mid company.

Which hedge funds own FA?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FA. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FIRST ADVANTAGE CORP's investment landscape.