First Advantage Reports First Quarter 2026 Results
Delivers Another Record Quarter and Reaffirms Full Year 2026 Guidance First Quarter 2026 Highlights 1 Revenues of $385.2 million (8.6% growth year-over-year) Net income of $2.2 million (0.6% margin); Diluted net income per share of $0.01 Adjusted EBITDA of $105.3 million (27.3% margin) Adjusted Net Income of $45.1 million; Adjusted Diluted Earnings Per Share of $0.26 Cash Flows from Operations of $49.4 million Subsequent to the end of the quarter, voluntary debt prepayment of $25 million made on May 6, in addition to $25 million prepayment made on February 27 $19.5 million in shares repurchased under $100 million share repurchase program Reaffirming full year 2026 guidance ranges3 ATLANTA, May 07, 2026 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a global software and data company, today announced financial results for the first quarter ended March 31, 2026. Key Financials (Amounts in millions, except per share data and percentages) Three Months Ended March 31, 2026 2025 Change Revenues $ 385.2 $ 354.6 8.6 % Net income (loss) $ 2.2 $ (41.2 ) NM Net income (loss) margin 0.6 % (11.6 )% NA Diluted net income (loss) per share $ 0.01 $ (0.24 ) NM Adjusted EBITDA1 $ 105.3 $ 92.1 14.3 % Adjusted EBITDA Margin1 27.3 % 26.0 % NA Adjusted Net Income1 $ 45.1 $ 30.5 48.0 % Adjusted Diluted Earnings Per Share1 $ 0.26 $ 0.17 52.9 % 1 Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, and Adjusted Diluted Earnings Per Share are non-GAAP measures.