Quarterly ResultMay 7, 2026, 04:28 PM
First Advantage Q1 Revenue +8.6% to $385.2M; Swings to Profit
AI Summary
First Advantage Corporation reported a strong financial performance for the first quarter of 2026, with revenues increasing by 8.6% to $385.2 million. The company successfully swung from a net loss of $(41.2) million in the prior year to a net income of $2.2 million, with basic and diluted EPS improving to $0.01. This positive shift was supported by a substantial increase in income from operations and net cash provided by operating activities, alongside strategic financial actions including voluntary debt prepayments and share repurchases.
Key Highlights
- Revenue increased by 8.6% to $385.2 million for Q1 2026, up from $354.6 million in Q1 2025.
- The company swung to a net income of $2.2 million in Q1 2026, compared to a net loss of $(41.2) million in Q1 2025.
- Basic and diluted net income per share improved to $0.01 in Q1 2026 from a loss of $(0.24) in Q1 2025.
- Income from operations surged to $33.5 million in Q1 2026, a significant increase from $7.6 million in Q1 2025.
- Net cash provided by operating activities more than doubled to $49.4 million in Q1 2026 from $19.5 million in Q1 2025.
- First Advantage made a voluntary principal prepayment of $25.0 million on its First Lien Credit Facility.
- The company repurchased $19.5 million in shares during the three months ended March 31, 2026.
- An asset disposition in January 2026 resulted in derecognition of $5.0 million goodwill and $2.5 million customer lists.
Price Impact
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