FIRST ADVANTAGE CORP
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 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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Condensed Consolidated Balance Sheets
| (in thousands, except share and par value amounts) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $171,994 | $168,688 |
| Restricted cash | 797 | 795 |
| Accounts receivable (net of allowance for doubtful accounts of $5,074 and $3,832 at March 31, 2025 and December 31, 2024, respectively) | 266,052 | 266,800 |
| Prepaid expenses and other current assets | 29,032 | 31,041 |
| Income tax receivable | 3,928 | 8,669 |
| Total current assets | 471,803 | 475,993 |
| Property and equipment, net | 291,764 | 307,539 |
| Goodwill | 2,128,018 | 2,124,528 |
| Intangible assets, net | 955,357 | 987,948 |
| Deferred tax asset, net | 5,169 | 5,682 |
| Other assets | 19,580 | 21,203 |
| TOTAL ASSETS | $3,871,691 | $3,922,893 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $116,037 | $120,872 |
| Accrued compensation | 45,047 | 52,805 |
| Accrued liabilities | 45,055 | 44,700 |
| Current portion of long-term debt | 21,850 | 21,850 |
| Current portion of operating lease liability | 3,861 | 4,245 |
| Income tax payable | 4,374 | 1,942 |
| Deferred revenues | 4,774 | 4,274 |
| Total current liabilities | 240,998 | 250,688 |
| Long-term debt (net of deferred financing costs of $40,253 and $41,861 at March 31, 2025 and December 31, 2024, respectively) | 2,117,434 | 2,121,289 |
| Deferred tax liability, net | 214,649 | 222,738 |
| Operating lease liability, less current portion | 7,918 | 9,149 |
| Other liabilities | 11,937 | 11,990 |
| Total liabilities | 2,592,936 | 2,615,854 |
| COMMITMENTS AND CONTINGENCIES (Note 12) | ||
| EQUITY | ||
| Common stock - $0.001 par value; 1,000,000,000 shares authorized, 173,641,193 and 173,171,145 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 174 | 173 |
| Additional paid-in-capital | 1,511,463 | 1,504,007 |
| Accumulated deficit | (201,002) | (159,808) |
| Accumulated other comprehensive loss | (31,880) | (37,333) |
| Total equity | 1,278,755 | 1,307,039 |
| TOTAL LIABILITIES AND EQUITY | $3,871,691 | $3,922,893 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.