Stocks Technology FA
NASDAQ · TechnologyFirst Advantage Corp (FA)
First Advantage Corp brought in $1.7B of revenue over the twelve months to September 30, 2026, up 17.7% from a year earlier. Net income was $43M, a net margin of 2.5%. Operating cash flow minus capital spending left $188.5M of free cash flow in fiscal 2025. At September 30, 2026 it held $240.9M in cash against $2B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about First Advantage Corp
- Net worth
- First Advantage Corp has a market value (market cap) of $4B at the latest share price, and shareholders' equity of $1.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.6B (+83.0% year on year), with a net loss of $34.8M. Over the 12 months to September 30, 2026: revenue $1.7B, net income $43M.
- Cash flow
- In fiscal 2025 operations brought in $195.1M of cash; after $6.6M of capital spending, free cash flow was $188.5M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- First Advantage Corp's next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- First Advantage Corp paid dividends of $1.50 per share in fiscal 2024.
What First Advantage Corp does
First Advantage Corp is registered with the SEC under industry code SIC 7374 (Services-Computer Processing & Data Preparation). Its shares trade on NASDAQ under the ticker FA.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.6B | -$34.8M | -$0.20 | $188.5M |
| 2024 | $860.2M | -$110.3M | -$0.74 | $26.5M |
| 2023 | $763.8M | $37.3M | $0.26 | $160.7M |
| 2022 | $810M | $64.6M | $0.43 | $206.6M |
| 2021 | $712.3M | $16.1M | $0.11 | $141.4M |
| 2019 | $481.8M | $34.3M | $0.21 | $65M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FA ranks in Technology
Dividends
First Advantage Corp paid $1.50 per share in fiscal 2024.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2024 | $1.50 | n/a | n/a |
| 2023 | $1.50 | n/a | n/a |
Latest SEC filings
What First Advantage Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 14% to $465.8M versus the same quarter last year; diluted EPS $0.12 versus $0.01.
- November 5, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- August 12, 2026Other event 8-K
- August 10, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 15% to $448.8M versus the same quarter last year; diluted EPS $0.10 versus $0.00.
- August 6, 2026
- July 28, 2026Passive stake (5% or more) SCHEDULE 13G
What is FA worth? A DCF from its reported cash flow
Insider trades
What the people running First Advantage Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 1, 2026 | Nairne DouglasGlobal Chief Operating Officer | Exercised options | 6,826 | - |
| October 20, 2026 | Nairne DouglasGlobal Chief Operating Officer | Exercised options | 7,000 | - |
| September 16, 2026 | Smith Joelle MPresident | Exercised options | 16,498 | - |
| September 16, 2026 | Smith Joelle MPresident | Shares withheld for tax | 6,554 | $141.3K |
| August 12, 2026 | Slta V (Gp), L.L.C.Director, 10% owner | Soldindirect | 12,500,000 | $275.2M |
| August 12, 2026 | Slta V (Gp), L.L.C.Director, 10% owner | Other changeindirect | 4,028,842 | - |
| June 8, 2026 | Clark James LindseyDirector | Soldpre-planned (10b5-1) | 4,921 | $77.2K |
| June 5, 2026 | Clark James LindseyDirector | Received as pay | 12,805 | - |
Who owns FA
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Silver Lake Group, L.L.C.13G, passive with 4 related filers | 42.8% | November 6, 2026 |
| T. Rowe Price Associates, Inc.13G, passive | 9.2% | August 14, 2026 |
| Capital World Investors13G, passive | 6.2% | August 12, 2026 |
| Fmr LLC13G, passive with 1 related filers | 5.2% | May 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 179 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Silver Lake Group, L.L.C. | 89,557,840 | 0 |
| BlackRock, Inc. | 12,063,590 | +6,073,445 |
| Capital World Investors | 10,690,358 | +291,644 |
| Fmr LLC | 7,652,905 | -1,424,776 |
| Alliancebernstein L.P. | 7,620,910 | -287,480 |
| Cat Rock Capital Management LP | 4,228,018 | 0 |
| Vanguard Portfolio Management LLC | 4,118,357 | +593,576 |
| Bamco Inc | 3,502,140 | -248,033 |
| Vanguard Capital Management LLC | 3,451,299 | +4,379 |
| Boston Partners | 3,230,897 | +533,196 |
| State Street Corp | 3,220,986 | +1,325,591 |
| Dimensional Fund Advisors LP | 3,107,859 | +1,007,938 |
| American Century Companies Inc | 2,277,976 | +1,990 |
| Geode Capital Management, LLC | 2,197,223 | +104,110 |
| Emerald Advisers, LLC | 2,188,875 | +1,041,010 |
| Sunriver Management LLC | 1,940,912 | -1,091,799 |
| Jpmorgan Chase & Co | 1,855,581 | -1,035,957 |
| Emerald Mutual Fund Advisers Trust | 1,425,858 | +753,142 |
| Jennison Associates LLC | 1,177,058 | +550,776 |
| Morgan Stanley | 1,020,872 | +269,867 |
Insiders
10 insiders reported holding 77,116,590 shares in total, about $1.81B at the last price.
| Holder | Shares |
|---|---|
| Slta V (Gp), L.L.C.Director, 10% owner | 73,028,99873,028,998 held indirectly |
| Staples ScottChief Executive Officer, Director | 3,670,516 |
| Sim JudithDirector | 73,950 |
| Bell Susan R.Director | 73,950 |
| Price Bridgett RDirector | 62,572 |
| Nairne DouglasGlobal Chief Operating Officer | 61,283 |
| Clark James LindseyDirector | 56,844 |
| Smith Joelle MPresident | 47,268 |
| Marks Steven IrwinChief Financial Officer | 34,201 |
| Jardine Bret TChief Legal Officer | 7,008 |
Questions about FA
What does First Advantage Corp do?
First Advantage Corp is a company in the Technology sector, listed on NASDAQ as FA. Its shares trade on NASDAQ under the ticker FA.
What is First Advantage Corp's net worth?
First Advantage Corp has a market value (market cap) of $4B at the latest share price, and shareholders' equity of $1.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is First Advantage Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $43M on revenue of $1.7B, a net margin of 2.5%.
How much revenue does First Advantage Corp make?
Over the twelve months to September 30, 2026 First Advantage Corp reported revenue of $1.7B. That is 17.7% more than a year earlier.
When did First Advantage Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the passive stake changed from November 6, 2026.
When is First Advantage Corp's next earnings report?
First Advantage Corp's next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does First Advantage Corp pay a dividend?
Yes. First Advantage Corp paid dividends of $1.50 per share in fiscal 2024.
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Where the numbers come from
Financial figures are the values First Advantage Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.