First Advantage Corp

Latest Results (19.05.2026):

First Advantage Corp reported results for the first quarter of 2026. The company delivered record quarterly performance with revenues of $385.2 million (up 8.6% year-over-year), GAAP net income of $2.2 million (diluted EPS $0.01) and strong non‑GAAP results: Adjusted EBITDA of $105.3 million (27.3% margin) and Adjusted Net Income of $45.1 million (Adjusted diluted EPS $0.26). Management reaffirmed full‑year 2026 guidance and continued active capital allocation through share repurchases and voluntary debt prepayments.

Revenue

Q1 2026 revenues were $385.2M, an 8.6% increase versus Q1 2025, with strength cited across retail & e‑commerce, transportation & logistics, and the gig economy.

GAAP Profitability

GAAP net income for Q1 2026 was $2.2M (0.6% margin), producing diluted GAAP EPS of $0.01 versus a loss in Q1 2025.

Adjusted / Non‑GAAP Results

Adjusted EBITDA was $105.3M (27.3% margin). Adjusted Net Income was $45.1M and Adjusted diluted EPS was $0.26, up materially versus the year‑ago quarter.

Cash Flow & Balance Sheet

Net cash provided by operating activities was $49.4M in Q1 2026. Cash and cash equivalents were $225.9M at quarter‑end and long‑term debt (net of deferred financing costs) was about $2.057B.

Capital Allocation

During Q1 2026 First Advantage repurchased $19.5M of shares under a $100M program and made a $25M voluntary first‑lien prepayment (Feb 27). Subsequent to quarter‑end it repurchased an additional $13.8M through May 1 and made another voluntary $25M principal prepayment in early May.

Guidance

The company reaffirmed full‑year 2026 guidance: revenues $1,625M–$1,700M; Adjusted EBITDA $460M–$485M; Adjusted Net Income $200M–$220M; Adjusted diluted EPS $1.15–$1.25.

Operational/Strategic Notes

Management highlighted continued momentum from its verticalized go‑to‑market strategy, AI‑enabled products, and a high customer retention rate (~97%), which it says supports durable growth opportunities across the employee lifecycle.