FIRST ADVANTAGE CORP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
FA$23.52-0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except share and per share amounts) | 2024 | 2023 |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $168,688 | $213,774 |
| Restricted cash | 795 | 138 |
| Accounts receivable (net of allowance for doubtful accounts of $3,832 and $1,036 at December 31, 2024 and 2023, respectively) | 266,800 | 142,690 |
| Prepaid expenses and other current assets | 31,041 | 13,426 |
| Income tax receivable | 8,669 | 3,710 |
| Total current assets | 475,993 | 373,738 |
| Property and equipment, net | 307,539 | 79,441 |
| Goodwill | 2,124,528 | 820,654 |
| Intangible assets, net | 987,948 | 344,014 |
| Deferred tax asset, net | 5,682 | 2,786 |
| Other assets | 21,203 | 10,021 |
| TOTAL ASSETS | $3,922,893 | $1,630,654 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $120,872 | $47,024 |
| Accrued compensation | 52,805 | 16,379 |
| Accrued liabilities | 44,700 | 16,162 |
| Current portion of long-term debt | 21,850 | — |
| Current portion of operating lease liability | 4,245 | 3,354 |
| Income tax payable | 1,942 | 264 |
| Deferred revenues | 4,274 | 1,856 |
| Total current liabilities | 250,688 | 85,039 |
| Long-term debt (net of deferred financing costs of $41,861 and $6,268 at December 31, 2024 and 2023, respectively) | 2,121,289 | 558,456 |
| Deferred tax liability, net | 222,738 | 71,274 |
| Operating lease liability, less current portion | 9,149 | 5,931 |
| Other liabilities | 11,990 | 3,221 |
| Total liabilities | 2,615,854 | 723,921 |
| COMMITMENTS AND CONTINGENCIES (Note 14) | ||
| EQUITY | ||
| Common stock - $0.001 par value; 1,000,000,000 shares authorized, 173,171,145 and 145,074,802 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 173 | 145 |
| Additional paid-in-capital | 1,504,007 | 977,290 |
| Accumulated deficit | (159,808) | (49,545) |
| Accumulated other comprehensive loss | (37,333) | (21,157) |
| Total equity | 1,307,039 | 906,733 |
| TOTAL LIABILITIES AND EQUITY | $3,922,893 | $1,630,654 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.