ATLANTA, July 22, 2025 /PRNewswire/ -- Equifax® (NYSE: EFX) today announced financial results for the quarter ended June 30, 2025. Second quarter 2025 revenue of $1.537 billion up 7% reported and 8% in local currency, and $27 million above the mid-point of our guidance, despite headwinds from U.S. Hiring and Mortgage markets. Second quarter U.S. Mortgage revenue up a strong 14% despite decline in underlying Mortgage market. Workforce Solutions second quarter revenue grew 8%. Verification Services revenue gr ...

ATLANTA, July 17, 2025 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of global software and data in the HR technology industry, will issue its second quarter 2025 financial results on Thursday, August 7, 2025 prior to the Company’s earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial 800-445-7795 (domestic) or 785-424-1699 (international) approximately ten minutes before the ...

Media Contact: Mariah Mellor Sr. Director, Corporate Communications FAcommunications@fadv.com (678) 868-4151 About First Advantage First Advantage (NASDAQ: FA) is a leading provider of global software and data in the HR technology industry. Enabled by its proprietary technology and AI, First Advantage's platforms, data, and APIs power comprehensive employment background screening, digital identity solutions, and verification services. With a strong emphasis on innovation, automation, and customer success, F ...

Financial Data and Key Metrics Changes - The company's first quarter revenues increased by 5% year-over-year, reaching a record of $4,894,000 compared to $4,680,000 in the same period of 2024 [25] - Adjusted EBITDA improved by $100,000 year-over-year, resulting in a small loss of $17,000 for the quarter [25] - SaaS revenue grew by 6% to $4,868,000, representing over 99% of total revenue for the quarter [25] - Gross profit margin was 89.7%, with an adjusted gross margin of 91.8%, up from 91.2% in Q1 2024 [26][27] Business Line Data and Key Metrics Changes - Revenue from title insurance increased by approximately 350% in Q1 2025, indicating strong growth in this vertical [35] - Retail banking revenue rose by about 50% compared to Q1 2024, showcasing significant expansion in this area [36] - Retail revenue declined by 26% year-over-year, reflecting challenges in the retail sector [40] Market Data and Key Metrics Changes - The company has diversified its client base beyond retail credit cards, now seeing growth in sectors such as retail banking, title insurance, and logistics [9][22] - The logistics and shipping market is identified as a significant opportunity due to high levels of theft and fraud [9][62] Company Strategy and Development Direction - The company is focused on diversifying its market presence and reducing reliance on retail, which has been a drag on growth [22][41] - A strategic initiative includes migrating clients from Azure to AWS, expected to enhance operational efficiency and reduce costs [8][28] - The appointment of a new senior vice president of sales is anticipated to drive revenue growth and improve client relationships [11][105] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer confidence is down nearly 8% year-over-year, impacting retail purchases [22] - The company expects to continue seeing positive cash flow and growth in revenue throughout 2025 [30] - Management expressed optimism about the future, highlighting the importance of new partnerships and marketing efforts [105] Other Important Information - The company has a $2,000,000 revolving credit line with Citibank, which was not utilized during 2025 [30] - Marketing changes have led to increased engagement, with LinkedIn followers up 16% and website visitors up 34% [18] Q&A Session Summary Question: What is the company's penetration in the title market? - Management indicated that they have exposure to about 40% of the title market, with revenue from title insurance up 350% in Q1 [34][35] Question: What are the next largest verticals after retail? - The next largest verticals are banking and auto, with retail banking revenue up 50% year-over-year [36] Question: What percentage of revenue does retail represent now? - Retail revenue is down 26% year-over-year, and it is now roughly equal to retail banking in terms of revenue contribution [40][50] Question: What drove the increase in deferred revenue and SaaS RPOs? - The increase was attributed to moving customers to a pricing model that encourages upfront payments [52][53] Question: Any updates on the large social media customer and regional bank? - Management confirmed ongoing discussions with both, with procurement processes underway for the regional bank [56][57] Question: How is the company addressing the shipping and logistics market? - The company is addressing fraud in logistics by verifying truckers' identities, which is a significant concern in the industry [62] Question: What is the status of the reseller strategy? - The reseller strategy is still developing, with ongoing efforts to engage more resellers, particularly in banking [66][68] Question: What is the current state of accounts receivable? - The increase in accounts receivable is primarily due to changes in the pricing model, moving away from billing in arrears [69] Question: What are the leading indicators for future growth? - Management highlighted a robust pipeline of committed customers and contracts as indicators of future growth [74][75]

Reaffirms Full Year 2025 GuidanceFirst Quarter 2025 Highlights1 Revenues of $354.6 millionNet Loss of $(41.2) million, a net loss margin of (11.6)%, includes $15.3 million of expenses related to the acquisition of Sterling Check Corp. (“Sterling”) and related integration, and $41.2 million of Sterling depreciation and amortizationAdjusted Net Income of $30.5 millionAdjusted EBITDA of $92.1 million; Adjusted EBITDA Margin of 26.0%GAAP Diluted Net Loss Per Share of $(0.24), includes $0.07 per share of expense ...

CASTLE ROCK, Colo., May 05, 2025 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced it will release its 2025 first quarter financial results before the market opens on Thursday May 8, 2025, and conduct a conference call the same day at 10:00 a.m. Mountain Time (12:00 p.m. Eastern). Dial-in numbers for the conference call: Domestic Toll Free: 1-877-407-8289 ...

ATLANTA, April 22, 2025 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of global software and data in the HR technology industry, today released its 2025 Global Trends Report. Meticulously crafted from hundreds of customer survey responses, and analysis of hundreds of millions of anonymized data points, the latest edition of the proprietary research offers a global perspective and unparalleled insight into the evolving landscape of background screening.   As one of the large ...

ATLANTA, April 17, 2025 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of global software and data in the HR technology industry, will issue its first quarter 2025 financial results on Thursday, May 8, 2025 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial 800-267-6316 (domestic) or 203-518-9783 (international) approximately ten minutes before the 8:3 ...