--- title: "First Advantage | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 385.2 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285526169.md" datetime: "2026-05-07T10:08:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285526169.md) - [en](https://longbridge.com/en/news/285526169.md) - [zh-HK](https://longbridge.com/zh-HK/news/285526169.md) --- # First Advantage | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 385.2 M Revenue: As of FY2026 Q1, the actual value is USD 385.2 M, beating the estimate of USD 373.21 M. EPS: As of FY2026 Q1, the actual value is USD 0.01. EBIT: As of FY2026 Q1, the actual value is USD 33.15 M. The provided Form 8-K filing by First Advantage Corporation, dated May 7, 2026, announces a press release regarding its financial results for the quarter ended March 31, 2026, but the detailed financial and operational metrics are not directly presented within the text of this Form 8-K itself. #### First Quarter 2026 Highlights - Revenues were $385.2 million, representing an 8.6% growth year-over-year. - Net Income was $2.2 million, with a 0.6% margin. - Adjusted EBITDA reached $105.3 million, with a 27.3% margin. - Adjusted Net Income was $45.1 million. - Cash Flows from Operations amounted to $49.4 million. #### Key Financials (Three Months Ended March 31) - **Revenues:** First Advantage Corporation reported revenues of $385.2 million in 2026, an 8.6% increase from $354.6 million in 2025. - **Net Income (Loss):** Net income was $2.2 million in 2026, a significant improvement from a net loss of -$41.2 million in 2025. The net income (loss) margin was 0.6% in 2026, compared to -11.6% in 2025. - **Adjusted EBITDA:** Adjusted EBITDA grew by 14.3% to $105.3 million in 2026, up from $92.1 million in 2025. The Adjusted EBITDA Margin increased to 27.3% in 2026 from 26.0% in 2025. - **Adjusted Net Income:** Adjusted Net Income increased by 48.0% to $45.1 million in 2026, compared to $30.5 million in 2025. #### Operational Costs (Three Months Ended March 31) - **Cost of services:** Cost of services increased to $211.411 million in 2026 from $192.565 million in 2025. - **Product and technology expense:** Product and technology expense decreased to $24.605 million in 2026 from $27.155 million in 2025. - **Selling, general, and administrative expense:** Selling, general, and administrative expense decreased to $53.475 million in 2026 from $65.585 million in 2025. - **Depreciation and amortization:** Depreciation and amortization increased to $62.190 million in 2026 from $61.666 million in 2025. - **Total operating expenses:** Total operating expenses rose to $351.681 million in 2026 from $346.971 million in 2025. - **Income from operations:** Income from operations significantly increased to $33.520 million in 2026 from $7.617 million in 2025. - **Interest expense, net:** Interest expense, net, decreased to $29.841 million in 2026 from $46.580 million in 2025. - **Loss on extinguishment of debt:** A loss on extinguishment of debt of $374 thousand was recorded in 2026, compared to $0 in 2025. - **Income (loss) before provision for income taxes:** Income before provision for income taxes was $3.305 million in 2026, compared to a loss of -$38.963 million in 2025. - **Provision for income taxes:** Provision for income taxes decreased to $1.137 million in 2026 from $2.231 million in 2025. - **Comprehensive loss:** Comprehensive loss was -$4.752 million in 2026, compared to -$35.741 million in 2025. #### Cash Flow (Three Months Ended March 31) - **Net cash provided by operating activities:** Net cash provided by operating activities was $49.431 million in 2026, up from $19.471 million in 2025. - **Net cash used in investing activities:** Net cash used in investing activities was -$14.016 million in 2026, compared to -$11.076 million in 2025. - **Net cash used in financing activities:** Net cash used in financing activities was -$44.261 million in 2026, compared to -$5.993 million in 2025. - **Cash paid for interest:** Cash paid for interest was $34.714 million in 2026, down from $41.881 million in 2025. #### Other Key Metrics and Actions - **Debt Prepayments:** First Advantage Corporation made a voluntary debt prepayment of $25 million on May 6, 2026, in addition to a $25 million prepayment on February 27, 2026. - **Share Repurchases:** $19.5 million in shares were repurchased under the $100 million share repurchase program during Q1 2026, with an additional $13.8 million repurchased through May 1. - **Customer Retention:** The company maintained a high customer retention rate of 97%. #### Outlook / Guidance (Full Year 2026) First Advantage Corporation reaffirmed its full year 2026 guidance, driven by strong first-quarter performance and its current view of the macroeconomic environment. The company projects revenues between $1,625 million and $1,700 million, Adjusted EBITDA between $460 million and $485 million, and Adjusted Net Income between $200 million and $220 million. The company continues to focus on accelerating growth, steadily reducing net leverage, and advancing toward long-term financial objectives. ### Related Stocks - [FA.US](https://longbridge.com/en/quote/FA.US.md) ## Related News & Research - [First Advantage (NYSE:FA) Posts Earnings Results, Beats Expectations By $0.05 EPS](https://longbridge.com/en/news/285822022.md) - [Assessing First Advantage (FA) Valuation After Recent Share Price Weakness](https://longbridge.com/en/news/279241950.md) - [West Pharma amends 8-K on material cyberattack disclosure](https://longbridge.com/en/news/287111623.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md) - [Abundia Global Impact amends 8-K to disclose 2025 equity plan share increase](https://longbridge.com/en/news/287111321.md)