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First Advantage Corporation (FA) Targets $2B by 2028
Yahoo Finance· 2026-03-27 06:51
Core Viewpoint - First Advantage Corporation is transitioning from a background screening service to a comprehensive capital risk management solution, aiming to become a $2 billion company by 2028 [1][6]. Financial Performance - The company achieved 17% top-line growth in the fourth quarter, with revenue reaching $1.6 billion overall [2]. - In the fourth quarter, revenue increased by 36.8% to $420 million, while full-year revenue rose by 2.4% to $1.66 billion [3]. - Non-GAAP profit for the fourth quarter was $0.30, exceeding analysts' estimates by 13.7% [3]. - For 2026, First Advantage expects revenue between $1.625 billion and $1.7 billion, with adjusted EBITDA projected between $460 million and $480 million [3]. Business Model and Services - First Advantage is a global provider of background screening, identity verification, and compliance solutions, offering services such as criminal record checks, drug testing, and employment verification [4]. - The company leverages automated technology to deliver rapid and scalable results across various industries [4]. Strategic Initiatives - The company has approved a $100 million share repurchase, indicating confidence in its long-term growth prospects [3].