Business
First Advantage Reports First Quarter 2026 Results
Delivers Another Record Quarter and Reaffirms Full Year 2026 Guidance First Quarter 2026 Highlights1 Revenues of $385.2 million (8.6% growth year-over-year)Net income of $2.2 million (0.6% margin); Diluted net income per share of $0.01Adjusted EBITDA of $105.3 million (27.3% margin)Adjusted Net Income of $45.1 million; Adjusted Diluted Earnings Per Share of $0.26Cash Flows from Operations of $49.4 millionSubsequent to the end of the quarter, voluntary debt prepayment of $25 million made on May 6
About this update from First Advantage Corporation
Delivers Another Record Quarter and Reaffirms Full Year 2026 Guidance First Quarter 2026 Highlights1 ATLANTA, May 07, 2026 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a global software and data company, today announced financial results for the first quarter ended March 31, 2026. Key Financials (Amounts in millions, except per share data and percentages) 1 Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, and Adjusted Diluted Earnings Per Share are non-GAAP measures. Please see the end of this earnings release for definitions and schedules with reconciliations of these measures to their most directly comparable respective GAAP measures.Note: "NA" indicates not applicable information; "NM" indicates not meaningful information. “Continuing our positive momentum from 2025, we generated exceptional financial results in the first quarter, with year-over-year revenue growth of 8.6%. Our sales engine is clearly humming. Our verticalized go-to-market strategy and diversified customer base, with our focus on enterprise customers, have enabled us to consistently outpace broader hiring market trends. We are seeing positive momentum across key verticals including retail & e-commerce, transportation & logistics, and gig economy, and are continuing to deliver upsell, cross-sell, and new logo wins through our innovative solutions, while also maintaining our high customer retention rate of 97%. Spanning across the employee lifecycle, our comprehensive solutions, including Digital Identity, continue to resonate with customers and open up meaningful growth opportunities,” said Scott Staples, Chief Executive Officer. “We are building on our position of strength through the disciplined execution of our FA 5.0 growth strategy. First Advantage operates at scale, leveraging our AI-enabled products and technologies to help customers navigate increasingly complex human capital risks. Our proprietary data assets, large scale physical fulfillment networks, compliance expertise, consultative approach, and deep system integrations uniquely position us to deliver durable, long-term shareholder value in an evolving technology landscape,” Staples concluded. Reaffirming Full Year 2026 Guidance “We are reaffirming our full year 2026 guidance in light of our strong performance in the first quarter and our latest view of the macroeco...
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