Quarterly ResultMay 7, 2026, 06:12 AM
First Advantage Q1 Revenue $385.2M, Adj. EBITDA $105.3M; Reaffirms 2026 Guidance
AI Summary
First Advantage Corporation reported strong first quarter 2026 financial results, with revenues growing 8.6% year-over-year to $385.2 million and Adjusted EBITDA increasing 14.3% to $105.3 million. The company achieved a net income of $2.2 million and Adjusted Diluted Earnings Per Share of $0.26. First Advantage reaffirmed its full-year 2026 guidance and continued its capital allocation strategy with $50 million in voluntary debt prepayments and $19.5 million in share repurchases during the quarter, with additional repurchases and debt payments made subsequent to quarter-end.
Key Highlights
- Revenues grew 8.6% year-over-year to $385.2 million.
- Adjusted EBITDA increased 14.3% year-over-year to $105.3 million.
- Net income was $2.2 million, with diluted net income per share of $0.01.
- Adjusted Net Income reached $45.1 million, with Adjusted Diluted EPS of $0.26.
- Cash Flows from Operations were $49.4 million.
- Voluntary debt prepayments totaled $50 million ($25M in Feb, $25M in May).
- Repurchased $19.5 million in shares during Q1 2026 under the $100 million program.
- Reaffirmed full-year 2026 guidance for revenues ($1.625B-$1.7B) and Adjusted EBITDA ($460M-$485M).