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Dec 31, 2024
First Advantage Q4 2024 Earnings Report
Reported results for the fourth quarter and full year 2024, completed acquisition of Sterling, and issued full year 2025 guidance.
Key Takeaways
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.
Revenues for Q4 2024 reached $307.1 million.
Net loss for Q4 2024 was $(100.4) million, including $97.1 million in expenses related to the Sterling acquisition.
Adjusted net income for Q4 2024 was $30.2 million.
Adjusted EBITDA for Q4 2024 was $82.9 million, representing a 27.0% margin.
First Advantage
First Advantage
Forward Guidance
Full year 2025 guidance ranges include the expected benefits of synergies, for 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