First Advantage Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,461	860.21	763.76	810.02	712.3	509.15
Revenue	1,461	860.21	763.76	810.02	712.3	509.15
Revenue Growth (YoY)	93.41%	12.63%	-5.71%	13.72%	39.90%	5.68%
Cost of Revenue	790.94	448.91	386.78	408.93	352.17	260.55
Gross Profit	670.56	411.29	376.98	401.1	360.13	248.6
Selling, General & Admin	345.11	263.94	116.73	116.64	107.98	78.1
Research & Development	102.73	63.82	49.26	51.93	45.51	35.39
Operating Expenses	689.64	473.68	295.47	306.82	296.3	250.65
Operating Income	-19.08	-62.38	81.52	94.28	63.82	-2.05
Interest Expense	-164.74	-61.45	-46.44	-14.2	-25.07	-52.37
Interest & Investment Income	9.6	9.6	13.4	5	0.1	0.5
EBT Excluding Unusual Items	-174.22	-114.23	48.48	85.08	38.85	-53.92
Merger & Restructuring Charges	26	-	-	-	-	-31.79
Other Unusual Items	-1.04	-0.38	-	-	-13.94	-10.53
Pretax Income	-149.26	-114.62	48.48	85.08	24.91	-96.25
Income Tax Expense	-10.6	-4.34	11.18	20.48	8.86	-12.23
Earnings From Continuing Operations	-138.66	-110.27	37.29	64.6	16.05	-84.02
Net Income to Company	-138.66	-110.27	37.29	64.6	16.05	-84.02
Net Income	-138.66	-110.27	37.29	64.6	16.05	-84.02
Preferred Dividends & Other Adjustments	-	-	-	-	-	-36.53
Net Income to Common	-138.66	-110.27	37.29	64.6	16.05	-47.49
Net Income Growth	-	-	-42.27%	302.49%	-	-
Shares Outstanding (Basic)	170	149	144	150	140	130
Shares Outstanding (Diluted)	170	149	146	152	142	130
Shares Change (YoY)	18.14%	1.61%	-3.68%	7.14%	8.99%	-20.67%
EPS (Basic)	-0.81	-0.74	0.26	0.43	0.11	-0.37
EPS (Diluted)	-0.81	-0.74	0.26	0.43	0.11	-0.37
EPS Growth	-	-	-39.81%	290.91%	-	-
Free Cash Flow	40.34	26.48	160.74	206.61	141.36	47.38
Free Cash Flow Per Share	0.24	0.18	1.10	1.36	1.00	0.36
Gross Margin	45.88%	47.81%	49.36%	49.52%	50.56%	48.83%
Operating Margin	-1.31%	-7.25%	10.67%	11.64%	8.96%	-0.40%
Profit Margin	-9.49%	-12.82%	4.88%	7.98%	2.25%	-9.33%
Free Cash Flow Margin	2.76%	3.08%	21.04%	25.51%	19.85%	9.31%
EBITDA	222.72	83.54	210.99	232.52	206.64	135.11
EBITDA Margin	15.24%	9.71%	27.63%	28.71%	29.01%	26.54%
D&A For EBITDA	241.8	145.92	129.47	138.25	142.82	137.16
EBIT	-19.08	-62.38	81.52	94.28	63.82	-2.05
EBIT Margin	-1.31%	-7.25%	10.67%	11.64%	8.96%	-0.40%
Effective Tax Rate	-	-	23.07%	24.07%	35.57%	-
Advertising Expenses	-	2.9	1.9	2.9	1.4	0.7

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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