Quarterly ResultAug 6, 2026, 04:30 PM
First Advantage Q2 Revenue $448.8M, Net Income $16.9M
AI Summary
First Advantage reported strong financial results for the second quarter of 2026, with revenue increasing to $448.8 million and net income significantly rising to $16.9 million. For the first six months of 2026, the company swung to a net income of $19.1 million from a net loss in the prior year. The company also made voluntary debt prepayments of $50.0 million and repurchased $38.2 million in shares.
Key Highlights
- Q2 2026 revenue increased to $448.8 million from $390.6 million YoY.
- Q2 2026 net income rose significantly to $16.9 million from $0.3 million YoY.
- Q2 2026 basic EPS was $0.10, up from $0.00 in the prior year quarter.
- H1 2026 revenue increased to $834.0 million from $745.2 million YoY.
- H1 2026 net income was $19.1 million, compared to a $40.9 million net loss YoY.
- Voluntary principal prepayments on debt totaled $50.0 million in H1 2026.
- Share repurchases amounted to $38.2 million during the first six months of 2026.
- Sold certain customer relationships, derecognizing $5.0 million of goodwill.
Price Impact
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