Business
First Advantage Reports First Quarter 2025 Results
Reaffirms Full Year 2025 Guidance First Quarter 2025 Highlights1 Revenues of $354.6 millionNet Loss of $(41.2) million, a net loss margin of (11.6)%, includes
About this update from First Advantage Corporation
[{"type":"text","content":"Reaffirms Full Year 2025 Guidance\nFirst Quarter 2025 Highlights1 Revenues of $354.6 millionNet Loss of $(41.2) million, a net loss margin of (11.6)%, includes $15.3 million of expenses related to the acquisition of Sterling Check Corp. (“Sterling”) and related integration, and $41.2 million of Sterling depreciation and amortizationAdjusted Net Income of $30.5 millionAdjusted EBITDA of $92.1 million; Adjusted EBITDA Margin of 26.0%GAAP Diluted Net Loss Per Share of $(0.24), includes $0.07 per share of expenses incurred related to the Sterling acquisition and related integrationAdjusted Diluted Earnings Per Share of $0.17Cash Flows from Operations of $19.5 million; Adjusted Operating Cash Flows of $33.3 million, after adjusting for $13.8 million of cash costs directly associated with the Sterling acquisition and related integration Reaffirming Full Year 2025 Guidance Reaffirming full year 2025 guidance ranges, including the expected benefits of realized 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 $1.032 ATLANTA, May 08, 2025 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of global software and data in the HR technology industry, today announced financial results for the first quarter ended March 31, 2025. Key Financials (Amounts in millions, except per share data and percentages) Three Months Ended March 31, 2025 2024Revenues $354.6 $169.4 Income (loss) from operations $7.6 $(0.7)Net loss $(41.2) $(2.9)Net loss margin (11.6)% (1.7)%Diluted net loss per share $(0.24) $(0.02)Adjusted EBITDA1 $92.1 $46.6 Adjusted EBITDA Margin1 26.0% 27.5%Adjusted Net Income1 $30.5 $24.8 Adjusted Diluted Earnings Per Share1 $0.17 $0.17 1 Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings Per Share, and Adjusted Operating Cash Flows are non-GAAP measures. Please see the schedules accompanying this earnings release for a reconciliation of these measures to their most directly comparable respective GAAP measures. “We are pleased that First Advantage delivered solid financial performance in the first quarter, exceeding our expectations. We are continuing to see strong traction through upsell, cross-sell, and new logos, ...