First Advantage Corporation

First Advantage Reports Third Quarter 2026 Results

First Advantage delivered Q3 2026 revenue of $465.8 million, up 13.8% year-over-year, with GAAP net income of $20.5 million ($0.12 diluted EPS) versus just $2.6 million a year ago. Adjusted results were equally strong: Adjusted EBITDA rose 15.2% to $136.5 million (29.3% margin) and Adjusted Diluted EPS grew 26.7% to $0.38, while operating cash flow reached $63.8 million. The company raised full-year 2026 guidance across every metric, with the new low end of each range exceeding the prior high end — revenue now guided to $1.720B-$1.745B and Adjusted EBITDA to $488M-$498M. FA also announced the acquisition of Data Diver Technologies, an AI-powered criminal and court records data platform, and prepaid $45 million of debt as deleveraging continues alongside the Sterling integration.

•3d ago

First Advantage Acquires Data Diver Technologies, Advancing Proprietary Data and Technology Strategy

First Advantage announced the acquisition of Data Diver Technologies, LLC, a data platform leveraging AI and automation, in a transaction valued at approximately $125 million. Data Diver has been a key third-party data provider to First Advantage for years, and the deal brings proprietary criminal and court records plus automated fulfillment capabilities in-house, expanding FA's one-billion-plus proprietary record database and U.S. jurisdictional coverage. The acquisition vertically integrates a critical data supplier, supporting faster turnaround times and product innovation; Data Diver's management team will remain with First Advantage.

•3d ago

First Advantage and ID.me Announce FCRA-Compliant Identity Fraud Detection Product, Setting a New Standard for Hiring Trust

First Advantage and ID.me announced an exclusive strategic partnership and launched an FCRA-compliant digital identity verification product for recruitment, hiring, and onboarding. The product uses AI-driven fraud detection and appears within First Advantage's background screening reports, addressing recruitment fraud that existing products could not tackle in an FCRA-compliant way. The deal positions First Advantage to monetize identity fraud detection across its base of over 80,000 customers, though no financial terms were disclosed.

•19d ago

First Advantage Reports Second Quarter 2026 Results

First Advantage delivered Q2 revenue of $448.8 million, representing 14.9% year-over-year growth, with Adjusted EBITDA reaching $128.5 million. Management raised full-year 2026 guidance, now projecting revenue between $1.67 billion and $1.71 billion and Adjusted Diluted EPS between $1.23 and $1.29. The company returned capital to shareholders through $18.7 million in share repurchases and executed $45 million in voluntary debt prepayments subsequent to quarter-end.

•3mo ago

Fountain Asset Corp Announces Appointment of New CEO and Directors

Fountain Asset Corp. appointed Mr. Geoff Barratt as its new Chief Executive Officer and director, effective immediately, alongside the appointment of Mr. Michael Shuh as a director. These changes fill the vacancies left by the departure of former CEO Andrew Parks and the resignations of directors Michael Galloro, Paul Kelly, and Morris Prychidny. Mr. Barratt brings extensive experience from Morgan Stanley and the Ontario Teachers' Pension Plan, while Mr. Shuh is a veteran of the Canadian capital markets and SPAC sector.

•3mo ago

First Advantage Named to TIME’s 2026 List of America’s Best Companies

First Advantage was ranked #1 in Background Screening and Identity Verification on TIME’s 2026 list of America’s Best Companies. The list evaluates companies based on employee satisfaction, financial performance, and sustainability transparency, requiring a minimum of $100 million in revenue. The company serves over 80,000 customers worldwide, including approximately two-thirds of the Fortune 100, and conducts more than 200 million screens annually.

•3mo ago

First Advantage Reports First Quarter 2026 Results

First Advantage reported Q1 2026 revenue of $385.2 million, up 8.6% year-over-year, with Adjusted EBITDA rising 14.3% to $105.3 million. The company reaffirmed its full-year 2026 guidance for revenue of $1.625 billion to $1.700 billion and Adjusted EBITDA of $460 million to $485 million. Capital allocation efforts included $19.5 million in share repurchases and a voluntary $25 million debt prepayment made subsequent to the quarter end.

•6mo ago