FIRST ADVANTAGE CORP

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

FA$21.58-8.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Income

	Year Ended December 31,
(in thousands, except share and per share amounts)	2023	2022	2021
REVENUES	$763,761	$810,023	$712,295
OPERATING EXPENSES:
Cost of services (exclusive of depreciation and amortization below)	386,777	408,928	352,170
Product and technology expense	49,263	51,931	45,507
Selling, general, and administrative expense	116,732	116,640	107,980
Depreciation and amortization	129,473	138,246	142,815
Total operating expenses	682,245	715,745	648,472
INCOME FROM OPERATIONS	81,516	94,278	63,823
OTHER EXPENSE, NET:
Interest expense, net	33,040	9,199	24,972
Loss on extinguishment of debt	—	—	13,938
Total other expense, net	33,040	9,199	38,910
INCOME BEFORE PROVISION FOR INCOME TAXES	48,476	85,079	24,913
Provision for income taxes	11,183	20,475	8,862
NET INCOME	$37,293	$64,604	$16,051
Foreign currency translation income (loss)	1,174	(20,694)	(4,121)
COMPREHENSIVE INCOME	$38,467	$43,910	$11,930
NET INCOME	$37,293	$64,604	$16,051
Basic net income per share	$0.26	$0.43	$0.11
Diluted net income per share	$0.26	$0.43	$0.11
Weighted average number of shares outstanding - basic	144,083,808	150,227,213	140,480,590
Weighted average number of shares outstanding - diluted	146,226,096	151,807,139	141,687,384

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.