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First Advantage Corporation 10-Q Filings

FA NASDAQ

Every 10-Q that First Advantage Corporation (FA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow FA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FA filings page.

Rhea-AI Summary

First Advantage Corporation reported strong year-over-year improvement for the quarter ended June 30, 2026. Revenues were $448,763, up from $390,633, driven by higher volumes and upselling and cross-selling to existing customers plus new wins, mainly in the First Advantage Americas and Sterling segments. Net income rose to $16,914 from $308, with diluted EPS of $0.10. For the first six months, revenues reached $833,964 and net income $19,082, compared with a loss of $40,886 a year earlier.

Operating cash flow increased to $123,027 for the first half of 2026, supporting voluntary term-loan repayments of $50,000 and share repurchases of 3,241,846 shares for $38,111 under a $100,000 authorization, leaving $61,800 available. Long-term borrowings under the First Lien Credit Facility were $2,064,537 and cash and cash equivalents were $237,900 at June 30, 2026. Cost of services grew with volume and higher third-party data usage, modestly pressuring margins, while interest expense declined on lower rates and favorable interest rate swap movements.

Rhea-AI Summary

First Advantage Corporation reported stronger results for the three months ended March 31, 2026. Revenues rose to $385.2 million from $354.6 million, driven by growth from both existing and new customers, especially in the Americas and Sterling segments.

Income from operations increased to $33.5 million from $7.6 million, as product and technology and selling, general, and administrative expenses declined. Net income improved to $2.2 million, compared with a net loss of $41.2 million a year earlier, helped by lower interest expense.

The company generated $49.4 million in net cash from operating activities and used $19.5 million to repurchase about 1.73 million shares under a new $100 million authorization. Long-term debt under the First Lien Credit Facility was $2.06 billion, and cash and cash equivalents were $225.9 million at quarter end.

Rhea-AI Summary

First Advantage Corporation reported higher scale following the Sterling acquisition. Q3 revenue was $409,151,000, up from $199,119,000 a year ago, with income from operations of $42,243,000. Net income was $2,593 (basic and diluted EPS $0.01), reflecting larger depreciation and amortization and higher interest expense.

For the first nine months, revenue reached $1,154,372,000 and net loss was $(38,293,000). Operating cash flow was strong at $129,185,000. Cash and cash equivalents were $216,848,000 and long‑term debt, net, was $2,103,110,000 as of September 30, 2025.

The company amended its first‑lien credit facility on July 30, 2025, lowering interest margins; it prepaid $40,000,000 of term debt year‑to‑date and subsequently repaid $25,000,000 on November 5, 2025. Segment revenue in Q3 was led by Sterling ($198,601,000), with Americas at $182,343,000 and International at $28,207,000. Shares outstanding were 174,114,958 as of October 31, 2025.