First Advantage Reports Second Quarter 2026 Results
Posts Record Quarter and Raises Full Year 2026 Guidance Second Quarter 2026 Highlights 1 Revenues of $448.8 million (14.9% growth year-over-year) Net income of $16.9 million (3.8% margin); Diluted net income per share of $0.10 Adjusted EBITDA of $128.5 million (28.6% margin) Adjusted Net Income of $61.4 million; Adjusted Diluted Earnings Per Share of $0.35 Cash Flows from Operations of $73.6 million Subsequent to the end of the quarter, voluntary debt prepayment of $45 million made on August 4, in addition to $25 million prepayment made on May 6 $18.7 million in shares repurchased under $100 million share repurchase program Raising Full Year 2026 Guidance Raising full year 2026 guidance ranges for Revenues of $1.67 billion to $1.71 billion, Adjusted EBITDA of $472 million to $486 million, Adjusted Net Income of $214 million to $225 million, and Adjusted Diluted Earnings Per Share of $1.23 to $1.292 ATLANTA, Aug. 06, 2026 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a global software and data company, today announced financial results for the second quarter ended June 30, 2026. Key Financials (Amounts in millions, except per share data and percentages) Three Months Ended June 30, 2026 2025 Change Revenues $ 448.8 $ 390.6 14.9 % Net income $ 16.9 $ 0.3 NM Net income margin 3.8 % 0.1 % NA Diluted net income per share $ 0.10 $ 0.00 NM Adjusted EBITDA1 $ 128.5 $ 113.9 12.8 % Adjusted EBITDA Margin1 28.6 % 29.2 % NA Adjusted Net Income1 $ 61.4 $ 47.0 30.8 % Adjusted Diluted Earnings Per Share1 $ 0.35 $ 0.27 29.6 % 1 Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, and Adjusted Diluted Earnings Per Share are non-GAAP measures.