First Advantage Corporation (FA)
Industrials · Specialty Business Services · NasdaqGS
First Advantage Corporation revenue & earnings — last 6 fiscal years
| Metric | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $481.77M | $712.29M | $810.02M | $763.76M | $860.21M | $1.57B |
| Gross profit | — | — | $401.10M | $376.98M | $411.29M | $719.08M |
| Net income | $34.25M | $16.05M | $64.60M | $37.29M | $-110.27M | $-34.82M |
| Net margin | 7.1% | 2.3% | 8.0% | 4.9% | -12.8% | -2.2% |
Source: First Advantage Corporation SEC filings (10-K).
What growth is priced into FA stock?
At today's market cap of $2.68B, First Advantage Corporation is priced for free-cash-flow growth of about 7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $140.87M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 16.7%/yr over the last five fiscal years and revenue 26.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 6 years of First Advantage Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeFirst Advantage Corporation financial history by metric
About First Advantage Corporation
First Advantage Corporation provides employment background screening, digital identity, and verification solutions internationally. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products. The company also provides post-onboarding solutions, including criminal records monitoring, I-9 verification, healthcare sanctions, motor vehicle records, social media screening, and global sanctions and licenses; and adjacent products comprising fleet/vehicle compliance, hiring tax credits and incentives, and investigative research. Its products and solutions are used by executive management, human resources, talent acquisition, risk, compliance, vendor management, safety, global enterprises, mid-sized, and small companies. The company was formerly known as Fastball Intermediate, Inc. and changed its name to First Advantage Corporation in March 2021. First Advantage Corporation was founded in 2002 and is based in Atlanta, Georgia.
First Advantage Corporation — frequently asked questions
What is First Advantage Corporation's revenue?
First Advantage Corporation (FA) reported revenue of $1.57B for fiscal year 2025, up 83.0% from the prior year, according to its SEC filings.
Is First Advantage Corporation profitable?
No — FA reported a net loss of $-34.82M in fiscal 2025.
What is FA's P/E ratio?
First Advantage Corporation trades at a price-to-earnings ratio of about 312.8 based on the latest data in our nightly-refreshed cache.
How fast is First Advantage Corporation growing?
FA's revenue grew at roughly 26.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does First Advantage Corporation have?
As of fiscal year 2025, FA carried roughly $2.08B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is First Advantage Corporation's gross margin?
FA's gross margin was 45.7% in fiscal 2025 — gross profit of $719.08M on revenue of $1.57B.
What is First Advantage Corporation's market cap?
First Advantage Corporation (FA) has a market capitalization of about $2.68B, based on the latest data in our nightly-refreshed cache.
When does First Advantage Corporation's fiscal year end?
FA's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into FA stock?
At today's market cap of $2.68B, First Advantage Corporation is priced for free-cash-flow growth of about 7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $140.87M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 16.7%/yr over the last five fiscal years and revenue 26.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from First Advantage Corporation's official SEC filings (10-K and 10-Q), covering 6 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.