Company Overview - First Advantage is a leading provider of human capital screening and compliance solutions, offering technology-enabled background checks and risk mitigation tools to organizations globally [6] - The company operates a scalable platform that allows clients to efficiently manage workforce risk and regulatory requirements across various industries [9] - As of November 13, 2025, First Advantage has a market capitalization of $2.29 billion and reported revenue of $1.46 billion for the trailing twelve months (TTM) [4] Recent Financial Performance - In Q3 2025, First Advantage reported revenue of $409.2 million, a significant increase from $199.1 million in the same quarter of the previous year, largely due to the acquisition of Sterling Check Corp [11] - The company achieved a net income of $2.6 million in Q3 2025, compared to a net loss of $8.9 million in the prior year [11] - Despite strong quarterly results, the company lowered its full-year revenue guidance for 2025 from $1.6 billion to $1.57 billion, which may have contributed to a decline in share price [12] Investment Activity - Onex Canada Asset Management increased its position in First Advantage by 240,978 shares in Q3 2025, bringing the total holding to 772,147 shares valued at $11.88 million [2][10] - This investment represents 1.5% of Onex's reportable U.S. equity assets, indicating a bullish outlook towards First Advantage despite the stock's recent underperformance [3][10] - As of November 13, 2025, First Advantage shares were priced at $13.13, reflecting a 27.14% decline over the past year, underperforming the S&P 500 by 41.92 percentage points [3]