Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings Per Share, and Adjusted Operating Cash Flows are non-GAAP measures. Please see the schedules accompanying this earnings release for a reconciliation of these measures to their most directly comparable respective GAAP measures. Reaffirms Full Year 2025 Guidance Second Quarter 2025 Highlights Reaffirming Full Year 2025 Guidance Reaffirming full year 2025 guidance ranges, including the expected benefits of realized synergie ...

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 Insights - First Advantage Corporation released its 2025 Global Trends Report, providing insights into the background screening industry based on extensive customer surveys and data analysis [1][2] Company Overview - First Advantage is a leading provider of global software and data in the HR technology sector, serving 80,000 organizations across over 200 countries and territories [2][4] - The company focuses on employment background screening, digital identity solutions, and verification services, leveraging proprietary technology and AI to enhance hiring processes [4] Key Findings from the Report - The report highlights the importance of combining technology and compliance strategies to improve hiring efficiency and candidate experience while ensuring risk mitigation and security [3] - There is a growing demand for faster background screening processes, particularly in the United States, driven by enhanced automation technologies that reduce turnaround times for criminal background checks [5] - Organizations are increasingly prioritizing adherence to global regulatory requirements while streamlining hiring processes, with advanced screening technology facilitating compliance [5] - Identity fraud mitigation solutions are being adopted more widely, with companies focusing on criminal history screening to enhance security amid complex regulatory environments [5] - In the UK, 52% of applicants utilize touchless digital identification in their online applications, and 9% provide a share code to validate their right-to-work status [5]