First Advantage Corp

Latest Results (05.10.2025):

First Advantage Corp reported its financial results for the second quarter of 2025, demonstrating solid performance with revenues reaching $390.6 million. Despite expenses related to the acquisition of Sterling Check Corp., the company maintained strong adjusted earnings and reaffirmed its full-year guidance.

Revenue Growth

First Advantage Corp achieved revenues of $390.6 million in Q2 2025, a significant increase from $184.5 million in the same quarter of the previous year, showcasing robust top-line growth.

Net Income and Margins

The company reported a net income of $0.3 million with a net income margin of 0.1%. This includes $7.3 million in expenses related to the Sterling acquisition and $41.3 million in depreciation and amortization.

Adjusted EBITDA

Adjusted EBITDA for the quarter was $113.9 million, reflecting an Adjusted EBITDA Margin of 29.2%, slightly down from 30.2% in Q2 2024.

Earnings Per Share

First Advantage Corp reported a GAAP diluted net income per share of $0.00, while the adjusted diluted earnings per share were $0.27, demonstrating improved profitability on a non-GAAP basis.

Cash Flow

Cash flows from operations stood at $37.3 million, with adjusted operating cash flows totaling $47.7 million after accounting for $10.4 million in cash costs associated with the Sterling acquisition and integration.

Full Year 2025 Guidance Reaffirmed

The company reaffirmed its full-year 2025 guidance, projecting revenues between $1.5 billion and $1.6 billion, Adjusted EBITDA of $410 million to $450 million, Adjusted Net Income of $152 million to $182 million, and Adjusted Diluted Earnings Per Share ranging from $0.86 to $1.03.