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$21.58-8.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 |
| REVENUES | $354,588 | $169,416 |
| OPERATING EXPENSES: | ||
| Cost of services (exclusive of depreciation and amortization below) | 192,565 | 87,192 |
| Product and technology expense | 27,155 | 12,466 |
| Selling, general, and administrative expense | 65,585 | 40,662 |
| Depreciation and amortization | 61,666 | 29,822 |
| Total operating expenses | 346,971 | 170,142 |
| INCOME (LOSS) FROM OPERATIONS | 7,617 | (726) |
| OTHER EXPENSE, NET: | ||
| Interest expense, net | 46,580 | 3,570 |
| Total other expense, net | 46,580 | 3,570 |
| LOSS BEFORE PROVISION FOR INCOME TAXES | (38,963) | (4,296) |
| Provision (benefit) for income taxes | 2,231 | (1,388) |
| NET LOSS | $(41,194) | $(2,908) |
| Foreign currency translation income (loss) | 5,453 | (1,773) |
| COMPREHENSIVE LOSS | $(35,741) | $(4,681) |
| NET LOSS | $(41,194) | $(2,908) |
| Basic and diluted net loss per share | $(0.24) | $(0.02) |
| Weighted average number of shares outstanding - basic and diluted | 172,756,497 | 143,591,713 |
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