FIRST ADVANTAGE CORP (FA) Form 10-Q — Nov 5, 2026
First Advantage reported Q3 2026 revenue of $465.8 million, up 13.8% year over year, with net income of $20.5 million versus $2.6 million a year earlier and diluted EPS of $0.12. For the nine months, the company swung to net income of $39.6 million from a $38.3 million loss in 2025, helped by revenue growth, operating leverage, and a 30.1% drop in net interest expense following term loan paydowns of $95 million. As a subsequent event, First Advantage acquired a U.S.-based data platform and small background screening business for $125.0 million in cash on November 4, 2026, funded partly with a $45.0 million revolver draw.
Key figures
- Eps
- 0.12
- Revenue
- 465776000
- Net Income
- 20489000
- Revenue Yoy
- 13.8%
- Cash Position
- 240902000
- Shares Outstanding
- 171970264
- Total assets
- 3748659000
- Total equity
- 1324657000
- Adjusted ebitda q3
- 136516000
- Nine month revenue
- 1299740000
- Interest expense q3
- 30438000
- Nine month net income
- 39571000
- Q3 revenue prior year
- 409151000
- Adjusted ebitda margin q3
- 29.3%
- Share repurchases nine month
- 38313000
- Subsequent acquisition value
- 125000000
- Interest expense decrease pct
- 24.0%
- Subsequent acquisition debt draw
- 45000000
- Repurchase authorization remaining
- 61600000
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