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FIRST ADVANTAGE CORP

FIRST ADVANTAGE CORP is a computer processing and data preparation services company.1 It is headquartered in Atlanta, Georgia.1 Its shares trade on Nasdaq under the symbol FA.1

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Last updated Oct 21, 2026.

Overview

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  • TickerFA on Nasdaq1
  • IndustryServices-Computer Processing & Data Preparation1
  • HeadquartersAtlanta, Georgia1
  • Business address1 Concourse Parkway Ne, Suite 200, Attn: Bret T. Jardine, Esq., Atlanta, Ga 303282
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.4%Operating margin4
-2.2%Net margin4
83.0%Revenue growth, 20254
-2.7%Return on equity4
1.58×Debt to equity4
$188.5MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Sterling brought in 49% of the revenue FIRST ADVANTAGE CORP broke down this way in fiscal 2025.

  1. Sterling$775.1M449%up 587% from 2024
  2. First Advantage Americas$700.0M444%up 7% from 2024
  3. First Advantage International$99.3M46%up 10% from 2024
Business segments by year
Business segments202320242025
Sterling$0$112.9M$775.1M
First Advantage Americas$672.1M$656.9M$700.0M
First Advantage International$91.7M$90.4M$99.3M

Regions

United States brought in 86% of the revenue FIRST ADVANTAGE CORP broke down this way in fiscal 2025.

  1. United States$1.4B486%up 82% from 2024
  2. Outside the United States$223.4M414%up 87% from 2024
Regions by year
Regions202320242025
United States$660.6M$740.5M$1.4B
Outside the United States$103.2M$119.7M$223.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development6¢$101.9M
  • Selling, general and admin15¢$236.2M
  • Other costs78¢$1.2B
  • Income tax0¢$2.4M

Out of $1.6B in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$6.6M
  • Kept or used elsewhere97¢$188.5M

Out of $195.1M of cash from operations.4

Financial statements

Revenue5674$1.6B in 2025+227% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $481.8M$481.8M20192021: $712.3M$712.3M2021+48%2022: $810.0M$810.0M2022+14%2023: $763.8M$763.8M2023−6%2024: $860.2M$860.2M2024+13%2025: $1.6B$1.6B2025+83%
Operating income5674$132.5M in 2025+44% since 2019
-$100.0M-$50.0M0$50.0M$100.0M$150.0M2019: $92.2M$92.2M20192021: $63.8M$63.8M2021−31%2022: $94.3M$94.3M2022+48%2023: $81.5M$81.5M2023−14%2024: -$62.4M-$62.4M20242025: $132.5M$132.5M2025
Net income5674-$34.8M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2019: $34.2M$34.2M20192021: $16.1M$16.1M2021−53%2022: $64.6M$64.6M2022+302%2023: $37.3M$37.3M2023−42%2024: -$110.3M-$110.3M20242025: -$34.8M-$34.8M2025−68%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
REVENUES$1.6B$860.2M$763.8M
Cost of services (exclusive of depreciation and amortization below)$855.3M$448.9M$386.8M
Product and technology expense$101.9M$63.8M$49.3M
Selling, general, and administrative expense$236.2M$263.9M$116.7M
Depreciation and amortization$248.6M$145.9M$129.5M
Total operating expenses$1.4B$922.6M$682.2M
INCOME (LOSS) FROM OPERATIONS$132.5M-$62.4M$81.5M
Interest expense, net$168.7M$51.8M$33.0M
Loss on extinguishment of debt$1.1M$383.0K$0
Total other expense, net$169.7M$52.2M$33.0M
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES-$37.3M-$114.6M$48.5M
(Benefit) provision for income taxes-$2.4M-$4.3M$11.2M
NET (LOSS) INCOME-$34.8M-$110.3M$37.3M
Foreign currency translation income (loss)$17.0M-$16.2M$1.2M
COMPREHENSIVE (LOSS) INCOME-$17.8M-$126.4M$38.5M
Basic net (loss) income per share-$0.20-$0.74$0.26
Diluted net (loss) income per share-$0.20-$0.74$0.26
Weighted average number of shares outstanding - basic173.2M shares148.6M shares144.1M shares
Weighted average number of shares outstanding - diluted173.2M shares148.6M shares146.2M shares

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Corporate structure

FIRST ADVANTAGE CORP sits at the top of its group. 63 entities, 20 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FIRST ADVANTAGE CORP

  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G/A on FIRST ADVANTAGE CORP, latest Aug 14, 2026 (3 filings since Aug 14, 2025)
  • Capital World Investors Filed SCHEDULE 13G/A on FIRST ADVANTAGE CORP, latest Aug 12, 2026 (2 filings since Feb 13, 2026)
  • BlackRock Filed SCHEDULE 13G on FIRST ADVANTAGE CORP, latest Jul 28, 2026
  • FMR LLC Filed SCHEDULE 13G on FIRST ADVANTAGE CORP, latest May 6, 2026 (3 filings since May 12, 2025)
  • SLTA V (GP), L.L.C. Filed SC 13G/A on FIRST ADVANTAGE CORP, latest Feb 9, 2024 (2 filings since Feb 11, 2022)
  • FIRST ADVANTAGE CORP Atlanta, Georgia
    • A-Check America, LLC Subsidiary · Delaware, United States
    • AIM Screening (M) Sdn Bhd Subsidiary · Malaysia
    • AIM Screening Ltd. Subsidiary · New Zealand
    • AIM Screening Ltd. (HKG) Subsidiary · Hong Kong
    • Bishops Services LLC Subsidiary · Delaware, United States
    • Checkwell Decision Inc. Subsidiary · Philippines
    • Corporate Screening Services LLC Subsidiary · Ohio, United States
    • Employment Background Investigation, LLC Subsidiary · Maryland, United States
    • FADV (Australia) PTY Limited Subsidiary · Australia
    • FADV B.V. Subsidiary · Netherlands
    • FADV Cooperatief UA Subsidiary · Netherlands
    • FADV Malaysia Sdn. Bhd Subsidiary · Malaysia
    • Fastball Parent, Inc. Subsidiary · Delaware, United States
    • First Advantage (Beijing) Co. Ltd Subsidiary · China
    • First Advantage (HK) Limited Subsidiary · Hong Kong
    • First Advantage (Zhuhai) Co. Subsidiary · China
    • First Advantage Acquisitions, Inc. Subsidiary · Delaware, United States
    • First Advantage Australasia Pty Ltd. Subsidiary · Australia
    • First Advantage Australia Pty Ltd. Subsidiary · Australia
    • First Advantage Background Services Corp. Subsidiary · Florida, United States
    • First Advantage BackTrack Reports, LLC Subsidiary · Delaware, United States
    • First Advantage Bangladesh Ltd. Subsidiary · Bangladesh
    • First Advantage Canada, Inc. Subsidiary · Canada
    • First Advantage Enterprise Screening Corporation Subsidiary · Delaware, United States
    • First Advantage Europe Ltd. Subsidiary · United Kingdom
    • and 37 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FIRST ADVANTAGE CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$668.5M4 Dec 31, 2025$651.4M4 Dec 31, 2024+2.6%
Accumulated depreciation$417.6M4 Dec 31, 2025$343.8M4 Dec 31, 2024+21.5%
Property and equipment, net$250.9M4 Dec 31, 2025$307.5M4 Dec 31, 2024−18.4%
Operating-lease assets (leased space)$9.3M4 Dec 31, 2025$13.7M4 Dec 31, 2024−32.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$240.0M4 Dec 31, 2025$168.7M4 Dec 31, 2024+42.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.1B4 Dec 31, 2025$2.1B4 Dec 31, 2024+0.9%
Finite-lived intangibles, gross$1.3B4 Dec 31, 2025$1.3B4 Dec 31, 2024+0.5%
Accumulated amortization-$480.3M4 Dec 31, 2025-$342.5M4 Dec 31, 2024−40.2%
Finite-lived intangibles, net$857.1M4 Dec 31, 2025$987.9M4 Dec 31, 2024−13.2%

Properties, in its own words

Our corporate office is located at 1 Concourse Parkway NE, Suite 200, Atlanta, GA 30328 under a lease agreement that expires on January 31, 2030, with one five-year renewal option. This property also houses our executive offices. We also lease office space in Manila, Philippines and in Bangalore and Mumbai, India, where our Operations Centers of Excellence are located. Additionally, we lease office space in Fishers, Indiana, for certain significant operational and support functions. We believe that our executive and other offices are adequate for our immediate needs and that we will obtain additional or substitute space, as needed, on commercially reasonable terms.

In addition to leveraging public cloud vendors, we maintain data centers across the globe. Our public cloud vendors and data centers are equipped with redundant power, cooling, and fire suppression. We also ensure that our data centers maintain connectivity to major internet service providers and are protected and surveilled by our Global Network Operations Center. In the event of a disaster or emergency, each data center can rely on a backup located outside of the primary site’s region where all critical data is replicated. In the event of a service failure, critical customer-facing solutions are set to resume service at the designated backup location.

Item 2 of the 10-K filed Feb 26, 2026.11

Leadership

Who has led FIRST ADVANTAGE CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John W. Long2006–2007
  2. Anand K. Nallathambi2007–2009
  3. Scott Staples2021–now

President

  1. Anand K. Nallathambi2006–2009
  2. Howard Tischler2006–2009
  3. Bart Kenneth Valdez2006–2008
  4. Elizabeth Henricks2006–2007
  5. Evan T. Barnett2006–2009
  6. Joann M. Laing2008
  7. Joseph K. Jaeger2021–2024
  8. Joelle M. Smith2024–now

Chief financial officer

  1. John Lamson2006–2009
  2. David L. Gamsey2021–2024

Chief operating officer

  1. Douglas Nairne2024–now
2010201520202025
Board members and other officers (34)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • A-Check America, LLC Delaware3
  • AIM Screening (M) Sdn Bhd Malaysia3
  • AIM Screening Ltd. New Zealand3
  • AIM Screening Ltd. (HKG) Hong Kong3
  • AIM Screening Pte Ltd. Singapore3
  • AIM Screening Pty Ltd. Australia3
  • Bishops Services LLC Delaware3
  • Checkwell Decision Inc. Philippines3
  • Corporate Screening Services LLC Ohio3
  • Employment Background Investigation, LLC Maryland3
  • FADV (Australia) PTY Limited Australia3
  • FADV B.V. Netherlands3
  • FADV Cooperatief UA Netherlands3
  • FADV Malaysia Sdn. Bhd Malaysia3
  • Fastball Parent, Inc. Delaware3
  • First Advantage (Beijing) Co. Ltd China3
  • First Advantage (HK) Limited Hong Kong3
  • First Advantage (Zhuhai) Co. China3
  • First Advantage Acquisitions, Inc. Delaware3
  • First Advantage Australasia Pty Ltd. Australia3
  • First Advantage Australia Pty Ltd. Australia3
  • First Advantage BackTrack Reports, LLC Delaware3
  • First Advantage Background Services Corp. Florida3
  • First Advantage Bangladesh Ltd. Bangladesh3
All 68 listed subsidiaries
  • First Advantage Canada, Inc. Canada3
  • First Advantage Enterprise Screening Corporation Delaware3
  • First Advantage Europe Ltd. United Kingdom3
  • First Advantage Form I9 Compliance LLC Delaware3
  • First Advantage Global Operating Center Private Limited India3
  • First Advantage Holdings, LLC Delaware3
  • First Advantage Indian Holdings, LLC Delaware3
  • First Advantage Infinite ID LLC New York3
  • First Advantage Japan K.K. Japan3
  • First Advantage Limited Hong Kong3
  • First Advantage New Zealand Limited New Zealand3
  • First Advantage Occupational Health Services, LLC. Florida3
  • First Advantage Philippines, Inc. Philippines3
  • First Advantage Poland sp z.o.o. Poland3
  • First Advantage Priderock Holding Company, Inc. Alabama3
  • First Advantage Private Limited India3
  • First Advantage Pte. Ltd. Singapore3
  • First Advantage Quest Research Corporation Cayman Islands3
  • First Advantage Quest Research Group Ltd. British Virgin Islands3
  • First Advantage Quest Research Limited British Virgin Islands3
  • First Advantage Tax Consulting Services, LLC Delaware3
  • First Advantage U.S., LLC Delaware3
  • First Hospital Laboratories, LLC Virginia3
  • IDASAN Singapore Pte Ltd. Singapore3
  • MultiLatin Advisors S.A. de CV Mexico3
  • National Credit Audit Corporation Illinois3
  • National Crime Check Pty Ltd. Australia3
  • RISQ Group Holdings Pty Ltd. Australia3
  • RISQ Group Management Consulting (Beijing) Co. China3
  • STS SID LLC Delaware3
  • Sterling (EMEA) Ltd. United Kingdom3
  • Sterling Asia Pacific Pty Ltd. Australia3
  • Sterling Backcheck Canada Corp. Canada (British Columbia)3
  • Sterling EMEA B.V Netherlands3
  • Sterling EMEA Holdings UK Ltd. United Kingdom3
  • Sterling EMEA sp. z.o.o. Poland3
  • Sterling Information Resources Private Limited India3
  • Sterling Infosystems Brazil Ltda. Brazil3
  • Sterling Infosystems Colombia S.A.S. Colombia3
  • Sterling Infosystems Inc. Delaware3
  • Sterling Infosystems Mexico S.A. de C.V. Mexico3
  • Sterling Latin America Ltd. United Kingdom3
  • Sterling Talent Solutions Philippines, Inc. Philippines3
  • TP Verify Screening Services LLP India3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 12, 20268-K Other events56
  2. Aug 6, 20268-K Results of operations; Executive or director change57
  3. Jun 8, 20268-K Shareholder vote58
  4. May 7, 20268-K Results of operations59
  5. Feb 26, 20268-K Results of operations60
  6. Jan 30, 20268-K Executive or director change61
  7. Nov 6, 20258-K Results of operations62
  8. Aug 7, 20258-K Results of operations63
  9. Aug 4, 20258-K Entered a material agreement; New debt or obligation64
  10. Jun 9, 20258-K Shareholder vote65
  11. May 8, 20258-K Results of operations66
  12. Feb 27, 20258-K Results of operations67
  13. Jun 23, 2021New chief executive Scott Staples becomes CEO12
  14. Apr 2, 2007New chief executive Anand K. Nallathambi becomes CEO13
  15. Feb 14, 2006New chief executive John W. Long becomes CEO14

Calendar

Coming up

  1. Nov 5, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.27 a share, on Nov 6, 2025.68

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results57
  2. May 7, 2026Reported quarterly or annual results59
  3. Feb 26, 2026Reported quarterly or annual results60
  4. Nov 6, 2025Reported quarterly or annual results62
  5. Aug 7, 2025Reported quarterly or annual results63
  6. May 8, 2025Reported quarterly or annual results66
  7. Feb 27, 2025Reported quarterly or annual results67
  8. Nov 12, 2024Reported quarterly or annual results69

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

249 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 99 insider forms, 11 large holders, 79 other. The latest 20:

  1. Sep 18, 20264 PRIMARY DOCUMENT EDGAR
  2. Aug 14, 20263 EDGAR
  3. Aug 14, 20264 EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 12, 2026SCHEDULE 13G/A EDGAR
  6. Aug 12, 20268-K EDGAR
  7. Aug 12, 2026424B7 EDGAR
  8. Aug 10, 2026FWP EDGAR
  9. Aug 10, 2026S-3ASR EDGAR
  10. Aug 6, 202610-Q EDGAR
  11. Aug 6, 20268-K EDGAR
  12. Jul 28, 2026SCHEDULE 13G EDGAR
  13. Jun 10, 20264 PRIMARY DOCUMENT EDGAR
  14. Jun 8, 2026144 EDGAR
  15. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  16. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  17. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  18. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  19. Jun 8, 20268-K EDGAR
  20. Jun 3, 20264 PRIMARY DOCUMENT EDGAR

The 249 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

32 open-market trades by officers, directors and large owners since October 2021: 2 buys and 30 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 12, 2026Osnoss JosephDirectorSale12,500,000$22.02$275.2MForm 4
Jun 8, 2026Clark James LindseyDirectorSale4,921$15.69$77.2KForm 4
Jun 1, 2026Jardine Bret TChief Legal OfficerSale25,000$16.71$417.8KForm 4
May 12, 2026Jardine Bret TChief Legal OfficerSale682$16.12$11.0KForm 4
May 7, 2026Smith Joelle MPresidentSale23,334$15.00$350.0KForm 4
Mar 5, 2026Jardine Bret TChief Legal OfficerSale600$12.09$7.3KForm 4
Mar 4, 2026Jardine Bret TChief Legal OfficerSale1,090$12.32$13.4KForm 4
Mar 2, 2026Nairne DouglasGlobal Chief Operating OfficerBuy9,000$11.86$106.7KForm 4
Nov 17, 2025Jardine Bret TChief Legal OfficerSale954$13.13$12.5KForm 4
Sep 17, 2025Smith Joelle MPresidentSale9,900$15.70$155.4KForm 4
Jun 9, 2025Clark James LindseyDirectorSale4,482$18.32$82.1KForm 4
Jun 2, 2025Smith Joelle MPresidentSale45,934$16.99$780.4KForm 4
May 12, 2025Jardine Bret TChief Legal OfficerSale146$18.18$2.7KForm 4
Mar 7, 2025Marks Steven IrwinChief Financial OfficerBuy1,000$13.50$13.5KForm 4
Mar 5, 2025Jardine Bret TChief Legal OfficerSale139$13.78$1.9KForm 4
Nov 18, 2024Jardine Bret TChief Legal OfficerSale30,000$17.41$522.3KForm 4
Aug 12, 2024Jaeger Joseph K.President, AmericasSale10,000$17.03$170.3KForm 4
Jun 26, 2024Clark James LindseyDirectorSale2,100$15.48$32.5KForm 4
Jun 10, 2024Clark James LindseyDirectorSale5,603$16.25$91.0KForm 4
May 14, 2024Jaeger Joseph K.President, AmericasSale2,669$16.10$43.0KForm 4

All 32 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Chief Executive Officer$700.0K$1.3M75
2025President$600.0K$1.1M75
2025Chief Legal Officer and Corporate Secretary$450.0K$903.6K75
2025Global Chief Operating Officer$500.1K$849.6K75
2025Chief Financial Officer & Executive Vice President$450.0K$732.4K75
2024Chief Executive Officer$616.7K$4.1M75
2024President$500.9K$3.3M75
2024Chief Financial Officer & Executive Vice President$343.2K$3.0M75
2024Global Chief Operating Officer$354.5K$1.6M75
2024Chief Legal Officer and Corporate Secretary$387.5K$1.2M75
2023Chief Executive Officer$600.0K$705.0K75
2023Chief Legal Officer and Corporate Secretary$369.3K$561.6K75
2023President$460.0K$534.0K75

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Silver Lake Group, L.L.C.89,557,840$1.6B35.3%No change
BlackRock, Inc.12,063,590$217.7M0.0%+6,073,445
Capital World Investors10,690,358$193.0M0.0%+291,644
Fmr LLC7,652,905$138.1M0.0%−1,424,776
Alliancebernstein L.P.7,620,910$89.6M0.0%−287,480
Cat Rock Capital Management LP4,228,018$76.3M17.7%No change
Vanguard Portfolio Management LLC4,118,357$74.3M0.0%+593,576
Bamco Inc /ny/3,502,140$63.2M0.1%−248,033
Vanguard Capital Management LLC3,451,299$62.3M0.0%+4,379
Boston Partners3,230,897$59.5M0.1%+533,196
State Street Corp3,220,986$58.1M0.0%+1,325,591
Dimensional Fund Advisors LP3,107,859$56.1M0.0%+1,007,938
American Century Companies Inc2,277,976$41.1M0.0%+1,990
Geode Capital Management, LLC2,197,223$39.7M0.0%+104,110
Emerald Advisers, LLC2,188,875$39.5M0.9%+1,041,010
Sunriver Management LLC1,940,912$35.0M5.5%−1,091,799
Jpmorgan Chase & Co1,855,581$33.7M0.0%−1,035,957
Emerald Mutual Fund Advisers Trust1,425,858$25.7M0.9%+753,142
Jennison Associates LLC1,177,058$21.2M0.0%+550,776
Morgan Stanley1,020,872$18.4M0.0%+269,867
Cortland Associates Inc/mo881,185$15.9M2.3%−24,154
Northern Trust Corp825,364$14.9M0.0%+155,433
Palisade Capital Management, LP805,144$14.5M0.7%−904,143
Ameriprise Financial Inc772,765$13.9M0.0%New
Charles Schwab Investment Management Inc729,945$13.2M0.0%+62,348

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How FIRST ADVANTAGE CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFIRST ADVANTAGE CORP1
  • CIK0001210677
  • Employer ID (EIN)84-388469011
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company11
  • Incorporated inDelaware11
  • Fiscal year endsDecember 311
  • Industry code (SIC)7374 Services-Computer Processing & Data Preparation1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address1 Concourse Parkway Ne, Suite 200, Attn: Bret T. Jardine, Esq., Atlanta, GA 303281
  • Phone678-868-41511
  • Shares outstanding171,753,691 as of Jul 31, 20269
  • Public float$1.3B as of Jun 30, 202511
  • AuditorDeloitte & Touche LLP, Atlanta, Georgia PCAOB ID 34; it also attests to the company’s internal control over financial reporting11
  • On EDGAR sinceJan 17, 20031
  • Filings1,018 in all: 4 (468), 8-K (130), 424B3 (43), 10-Q (37), 3 (37), 425 (29), 144 (26), SC 13G/A (25)1
    All 57 form types

    5 (20), 4/A (18), CORRESP (13), 10-K (11), 8-K/A (11), DEF 14A (11), SC 13G (11), ARS (10), SC 13D/A (9), DEFA14A (8), S-4/A (8), UPLOAD (8), 10-K/A (5), 11-K (5), S-8 (5), SCHEDULE 13G (5), 10-Q/A (4), S-3 (4), S-4 (4), SC TO-T/A (4), SCHEDULE 13G/A (4), EFFECT (3), REGDEX (3), S-3/A (3), SC 13D (3), SC 14D9/A (3), 424B4 (2), 8-A12B (2), DRS (2), DRSLTR (2), FWP (2), POS AM (2), S-1 (2), 15-12B (1), 25-NSE (1), 3/A (1), 424B7 (1), 5/A (1), 8-A12G (1), CERT (1), DRS/A (1), PRE 14A (1), RW (1), S-1/A (1), S-1MEF (1), S-3ASR (1), S-8 POS (1), SC 14D9 (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 24, 2026
    Latest 8-K (8-K) Aug 12, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par value per shareFAThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).11

Risk factors and legal proceedings

The risks FIRST ADVANTAGE CORP names in Item 1A of its 10-K filed Feb 26, 2026: 46 risks under these headings, as written.11

  • Risks Related to Our Business
  • Macroeconomic factors beyond our control, including the state of the economy, could impact demand and the fulfillment costs for our products and solutions.
  • We operate in a highly regulated industry and are subject to numerous and evolving laws and regulations.
  • Continued scrutiny of collection, use, and processing of personal data and data security could lead to increased restrictions, loss of revenue opportunity, greater costs of compliance, and lost efficiency.
  • We may not be able to identify and successfully implement our growth strategies on a timely basis or at all.
  • Social, ethical, and legal issues relating to the use of new and evolving technologies, such as artificial intelligence and machine learning, in our offerings may result in reputational harm and liability.
  • Any damage to our reputation or our brand could adversely affect our business, financial condition, and results of operations.
  • To the extent our customers reduce their operations, downsize their screening programs, or otherwise demand fewer of our products and solutions, our business could be adversely impacted.
  • We operate in a penetrated and competitive market.
  • We rely on third-party data and service providers. If they are unable to deliver or perform as expected, our ability to operate effectively may be impaired, and our business may be materially and adversely affected.
  • Sales to government entities and higher-tier contractors to governmental customers involve unique competitive, procurement, budget, administrative and contractual risks, any of which could materially adversely impact our business, financial condition and results of operations.
  • Due to the sensitive and privacy-driven nature of our products and solutions, we could face liability and legal or regulatory proceedings, which could be costly and time-consuming to defend and may not be fully covered by insurance.
The other 35 risks
  • Our business, brand, and reputation may be harmed as a result of security breaches, cyber-attacks, employee or other internal misconduct, computer viruses, or the mishandling of personal data.
  • Our international business exposes us to a number of risks.
  • Real or perceived errors, failures, or bugs in our products could adversely affect our business, results of operations, financial condition, and growth prospects.
  • Failure to realize the expected benefits of our acquisition of Sterling could adversely affect our business and the value of our common stock.
  • We may not be able to identify attractive acquisition targets and strategic partnerships or successfully complete such transactions.
  • Failure to comply with anti-corruption, economic and trade sanctions, and anti-money laundering laws and regulations could have an adverse effect on our business.
  • Disruptions at our Operation Centers of Excellence and other operational sites could adversely impact our business.
  • We are not guaranteed exclusivity or volumes in all of our contracts with our customers and our customers may experience major business changes that impact our current or future revenue streams.
  • Disruptions with our technology and network infrastructure, including our data centers, servers, and third-party cloud and internet providers, and our migration to the cloud, could have an adverse impact on our business.
  • If we fail to continue to integrate our platforms and solutions with that of human resource software providers or if our relationships with human resource software providers deteriorate, our business could be adversely affected.
  • We are subject to risks relating to public opinion, which may be magnified by incidents or adverse publicity concerning our industry or operations.
  • We rely on third-party vendors to carry out certain portions of our operations. If they cannot deliver or perform as expected or if our relationships with them are terminated or otherwise change, our business operations and results of operations could be materially and adversely affected.
  • Our continued success depends in large part on the service of our key executives and our ability to find and retain qualified employees.
  • If we are unable to obtain, maintain, protect and enforce our intellectual property and other proprietary information, or if we infringe, misappropriate or violate the intellectual property rights of others, the value of our brands and other intangible assets may be diminished, and our business may be adversely affected.
  • If we are unable to maintain, protect and enforce the confidentiality of our trade secrets, our business and competitive position would be harmed.
  • The use of open-source software in our applications may expose us to additional risks and harm our intellectual property rights.
  • Seasonality may cause our operating results to fluctuate from quarter to quarter.
  • Our implementation cycles can be lengthy and variable, depend upon factors outside our control, and could cause us unexpected delays in generating revenues or result in lower than anticipated revenues.
  • The interpretation of tax laws may have a material adverse effect on our business.
  • Evolving expectations regarding sustainability matters may increase our operational and compliance burdens, expose us to reputational risk, and adversely affect our business, financial condition, or results of operations.
  • Climate change may have a long-term impact on our business.
  • Risks Related to Our Indebtedness
  • Our failure to comply with the agreements relating to our outstanding indebtedness, including as a result of events beyond our control, could result in an event of default that could materially adversely affect our business, results of operations, and financial condition.
  • Our indebtedness could adversely affect our ability to raise additional capital to fund our operations, limit our ability to react to changes in the economy or our industry, and prevent us from meeting our obligations.
  • We will require a significant amount of cash to service our debt, and our ability to generate cash depends on many factors beyond our control, and any failure to meet our debt service obligations could materially adversely affect our business, results of operations, and financial condition.
  • Our debt instruments restrict our current and future operations, particularly our ability to respond to changes or take certain actions.
  • Risks Related to Ownership of Our Common Stock
  • Silver Lake controls us and its interests may conflict with yours in the future.
  • Our stock price may be highly volatile or may decline regardless of our operating performance, and you may not be able to resell shares of our common stock at or above the price you paid or at all, and you could lose all or part of your investment as a result.
  • We do not intend to pay dividends for the foreseeable future.
  • First Advantage Corporation is a holding company with no operations of its own and, as such, it depends on its subsidiaries for cash to fund all of its operations and expenses, including future dividend payments, if any.
  • We qualify as a “controlled company” within the meaning of Nasdaq rules and the rules of the SEC and, as a result, qualify for exemptions from certain corporate governance requirements.
  • You may be diluted by the future issuance of additional common stock in connection with our incentive plans, acquisitions or otherwise.
  • Future sales, or the perception of future sales, of our common stock, by us or our existing stockholders in the public market could cause the market price for our common stock to decline.
  • Anti-takeover provisions in our organizational documents could delay or prevent a change of control.
  • Our Board of Directors is authorized to issue and designate shares of our preferred stock in additional series without stockholder approval.
  • Our amended and restated certificate of incorporation provides, subject to limited exceptions, that state and federal courts (as appropriate) located within the State of Delaware will be the sole and exclusive forum for certain stockholder litigation matters, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or stockholders.

Legal proceedings

The information required under this Item 3 is set forth in Note 13 within “Notes to Consolidated Financial Statements” included in Part IV, Item 15 of this Annual Report and is incorporated herein by this reference.

The opening of Item 3, Legal Proceedings.11

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