First Advantage Earnings Reports

First Advantage delivered solid financial performance in the second quarter of 2025, meeting the high end of its expectations despite macroeconomic uncertainties. The company reported revenues of $390.6 million and adjusted diluted earnings per share of $0.27, driven by a balanced vertical strategy and consistent market execution. Strategic priorities, including the integration of Sterling Check Corp. and advancements in product and technology, contributed to the results, alongside momentum in international markets and strong interest in Digital Identity solutions.

First Advantage reported strong financial performance in Q1 2025, exceeding expectations with revenues of $354.6 million, a significant increase from the prior year, driven by the Sterling acquisition. The company reported a net loss due to acquisition-related expenses and depreciation and amortization, but achieved positive adjusted net income and adjusted EBITDA, reaffirming its full-year guidance.

First Advantage reported Q4 2024 revenues of $307.1 million and a net loss of $(100.4) million, which includes $97.1 million of expenses related to the Sterling acquisition. Adjusted net income was $30.2 million, and adjusted EBITDA was $82.9 million. Full year 2025 guidance includes revenues of $1.5 billion to $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 of $0.86 to $1.03.

First Advantage reported revenues of $199.1 million and a net loss of $(8.9) million for the third quarter of 2024. The company's adjusted EBITDA was $64.0 million with a margin of 32.2%. They closed the acquisition of Sterling on October 31, 2024, and are maintaining standalone full-year 2024 guidance while issuing combined company guidance including Sterling.

First Advantage reported revenues of $184.5 million for Q2 2024, a slight decrease of 0.4% compared to the previous year. Net income was $1.9 million, which includes $9.2 million of expenses related to the acquisition of Sterling Check Corp. The company reaffirmed its full-year 2024 guidance for revenues, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted Earnings Per Share.

First Advantage reported revenues of $169.4 million and a net loss of $(2.9) million for Q1 2024. The company reaffirmed its full-year 2024 guidance. The acquisition of Sterling Check Corp. is progressing towards closing.

First Advantage reported Q4 2023 revenues of $202.6 million and net income of $14.8 million. The company also announced a definitive agreement to acquire Sterling Check Corp. in a transaction valued at approximately $2.2 billion.

First Advantage reported revenue of $200.4 million and net income of $10.8 million. The company's Adjusted EBITDA margin was 32.3%. They acquired Infinite ID, a U.S.-based digital identity solutions company, for $41 million.

First Advantage reported second quarter results with revenues of $185.3 million and net income of $9.8 million. The company reaffirmed its full-year 2023 guidance, but expects results at the lower end of the guidance ranges due to macroeconomic headwinds.

First Advantage reported first quarter results, generating revenues of $175.5 million and a net income of $1.9 million. The company reaffirmed its full-year 2023 guidance, expecting revenues of $770 million to $810 million, Adjusted EBITDA of $240 million to $255 million, Adjusted Net Income of $145 million to $155 million, and Adjusted Diluted Earnings Per Share of $1.00 to $1.07.

First Advantage Corporation reported flat revenue growth for the fourth quarter of 2022, with a slight increase on a constant currency basis. Net income saw a significant increase compared to the prior year. The company achieved a higher Adjusted EBITDA margin and generated substantial cash flow from operations.

First Advantage reported a 6.8% increase in revenue to $206.0 million and a 5.7% increase in net income to $17.2 million compared to the prior-year period. However, Adjusted Net Income decreased by 5.1% to $40.0 million. The company's performance was impacted by foreign currency headwinds and macro-related softness in its International segment.

First Advantage reported a revenue increase of 15.3% and an Adjusted EBITDA growth of 8.0% compared to the prior-year period. The company also announced a share repurchase program with authorization to purchase up to $50 million of its common stock.

First Advantage reported strong Q1 2022 results, with revenues increasing by 43.8% year-over-year to $189.9 million and net income reaching $13.0 million, a significant improvement from the prior-year period's net loss of $(19.4) million.

First Advantage reported strong Q3 2021 results, with revenues up 41.0% to $192.9 million and net income of $16.3 million, compared to a net loss in the prior year. The company also announced two acquisitions and raised its full-year 2021 guidance.