Core Insights - First Advantage Corporation reported strong financial results for the third quarter of 2025, with revenues of $409.2 million, a significant increase from $199.1 million in the same quarter of 2024, indicating a year-over-year growth of approximately 105.5% [3][4] - The company achieved a net income of $2.6 million, compared to a net loss of $8.9 million in the prior year, marking a notable turnaround in profitability [3][5] - Adjusted EBITDA for the quarter was $118.5 million, with an adjusted EBITDA margin of 29.0%, slightly down from 32.2% in the previous year [3][4][34] Financial Performance - Revenues for the third quarter of 2025 reached $409.2 million, up from $199.1 million in Q3 2024 [3] - Income from operations was reported at $42.2 million, compared to $9.1 million in the same quarter last year [3] - Adjusted net income for the quarter was $52.3 million, an increase from $38.0 million in Q3 2024 [3][34] - The diluted net income per share was $0.01, recovering from a loss of $0.06 per share in the previous year [3][34] Strategic Developments - The company is focused on integrating the Sterling acquisition, which has progressed ahead of schedule, contributing to strong customer satisfaction and retention [5][6] - First Advantage's diversified exposure across various verticals, particularly in retail & e-commerce and transportation & logistics, has supported its growth amid a challenging macroeconomic environment [4][6] - The company has made significant strides in deleveraging, with a voluntary principal repayment of $25 million, bringing total repayments for the year to $70.5 million [7] Updated Guidance - First Advantage has refined its full-year 2025 guidance, projecting revenues between $1.535 billion and $1.570 billion, adjusted EBITDA of $430 million to $440 million, and adjusted net income of $170 million to $180 million [2][8] - The adjusted diluted earnings per share guidance has been updated to a range of $0.98 to $1.02, reflecting confidence in the company's performance [8]

Core Viewpoint - First Advantage Corporation will release its third quarter 2025 financial results on November 6, 2025, prior to an earnings conference call scheduled for 8:30 a.m. ET on the same day [1]. Group 1: Conference Call Details - Participants can join the conference call by dialing 800-579-2543 for domestic calls or 785-424-1789 for international calls, approximately ten minutes before the start time [2]. - The conference call will also be available via a live webcast on the Company's investor relations website, with related presentation materials posted prior to the call [2]. - A replay of the webcast will be accessible on the Company's investor relations website following the conference call [3]. Group 2: Company Overview - First Advantage is a leading provider of global software and data in the HR technology industry, utilizing proprietary technology and AI to offer comprehensive employment background screening, digital identity solutions, and verification services [4]. - The company emphasizes innovation, automation, and customer success, serving 80,000 organizations globally to enhance hiring and onboarding processes [4]. - Headquartered in Atlanta, Georgia, First Advantage operates in over 200 countries and territories, modernizing hiring and onboarding on a global scale [4].

Core Insights - First Advantage Corporation has been recognized in Newsweek's World's Most Trustworthy Companies 2025 list, highlighting its commitment to integrity and transparency [1][3][4] Company Recognition - The inclusion in the list is a significant achievement for First Advantage, reflecting its dedication to customer interactions and trust as a foundational element of its business [3][4] - This recognition adds to First Advantage's accolades, including a Stevie Award in Customer Service Success and being named a Top Solution Provider in the Marketplace Risk Excellence Program [4] Trust Metrics - The World's Most Trustworthy Companies 2025 list was determined through an independent survey involving over 65,000 participants across 23 industries in 20 countries, focusing on Investor Trust, Customer Trust, and Employee Trust [5] - Approximately 200,000 evaluations were analyzed, and a social listening analysis was conducted to assess the sentiment towards the companies [5] Company Overview - First Advantage is a leading provider of global software and data in the HR technology industry, utilizing proprietary technology and AI for employment background screening and verification services [6] - The company serves over 80,000 organizations globally, emphasizing innovation and customer success [6]

Core Insights - First Advantage Corporation reported solid financial performance for Q2 2025, with revenues reaching $390.6 million, a significant increase from $184.5 million in Q2 2024, reflecting a year-over-year growth of 112.3% [3][4] - The company reaffirmed its full-year 2025 guidance, projecting revenues between $1.5 billion and $1.6 billion, adjusted EBITDA of $410 million to $450 million, adjusted net income of $152 million to $182 million, and adjusted diluted earnings per share of $0.86 to $1.03 [2][8] - The CEO highlighted the successful integration of the Sterling acquisition and the positive momentum in international markets, particularly in Digital Identity solutions [4][6] Financial Performance - Revenues for Q2 2025 were $390.6 million, compared to $184.5 million in Q2 2024, marking a 112.3% increase [3] - Adjusted EBITDA for the quarter was $113.9 million, with an adjusted EBITDA margin of 29.2%, slightly down from 30.2% in the previous year [3][34] - Adjusted net income was reported at $47.0 million, up from $30.8 million in Q2 2024, while adjusted diluted earnings per share increased to $0.27 from $0.21 [3][34] Strategic Initiatives - The company is focused on its FA 5.0 strategic priorities, which include the integration of Sterling and enhancing its product and technology offerings [4][5] - First Advantage held its inaugural Investor Day, outlining long-term financial targets, including a projected compound annual growth rate for adjusted diluted EPS of 19% to 25% [5][6] - The CFO mentioned a successful repricing of the credit facility, reducing borrowing rates by 50 basis points, and highlighted the company's commitment to reducing net leverage and realizing synergies from acquisitions [7][8] Market Position - First Advantage serves over 80,000 organizations globally, providing employment background screening and digital identity solutions [24] - The company operates in over 200 countries and territories, emphasizing innovation and customer success in the HR technology industry [24]

Core Insights - First Advantage Corporation reported strong financial performance in Q1 2025, with revenues of $354.6 million, significantly up from $169.4 million in Q1 2024, indicating a year-over-year growth of approximately 109% [3][4] - The company reaffirmed its full-year 2025 guidance, projecting revenues between $1.5 billion and $1.6 billion, adjusted EBITDA of $410 million to $450 million, adjusted net income of $152 million to $182 million, and adjusted diluted earnings per share of $0.86 to $1.03 [2][10] Financial Performance - Revenues for Q1 2025 were $354.6 million, compared to $169.4 million in Q1 2024, reflecting a 109% increase [3] - Adjusted EBITDA for Q1 2025 was $92.1 million, with an adjusted EBITDA margin of 26.0%, compared to $46.6 million and 27.5% in Q1 2024 [3][6] - The net loss for Q1 2025 was $(41.2) million, resulting in a net loss margin of (11.6)%, which included $15.3 million in acquisition-related expenses [3][6] Strategic Initiatives - The integration of the Sterling acquisition is progressing ahead of schedule, with $37 million in run-rate cost synergies realized, moving towards a target of $60 million to $70 million [5][9] - The company is focusing on customer retention and synergy realization as part of its integration plan [9] Upcoming Events - First Advantage will host its inaugural investor day on May 28, 2025, to discuss its strategic vision, financial growth outlook, and key initiatives [8]

Core Viewpoint - First Advantage Corporation will release its first quarter 2025 financial results on May 8, 2025, prior to an earnings conference call scheduled for 8:30 a.m. ET on the same day [1]. Group 1: Conference Call Details - Participants can join the conference call by dialing 800-267-6316 for domestic calls or 203-518-9783 for international calls, approximately ten minutes before the start time [2]. - The conference call will also be available via a live webcast on the Company's investor relations website, with related presentation materials posted prior to the call [2]. Group 2: Company Overview - First Advantage is a leading provider of global software and data in the HR technology industry, utilizing proprietary technology and AI to offer employment background screening, digital identity solutions, and verification services [4]. - The company serves over 80,000 organizations globally, modernizing hiring and onboarding processes across more than 200 countries and territories [4].