FIRST ADVANTAGE CORP
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
FA$21.58-8.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 | 2025 | 2024 |
| REVENUES | $409,151 | $199,119 | $1,154,372 | $553,081 |
| OPERATING EXPENSES: | ||||
| Cost of services (exclusive of depreciation and amortization below) | 222,039 | 100,879 | 622,445 | 280,419 |
| Product and technology expense | 25,136 | 12,909 | 77,967 | 39,052 |
| Selling, general, and administrative expense | 57,459 | 46,050 | 180,517 | 125,352 |
| Depreciation and amortization | 62,274 | 30,168 | 185,846 | 89,968 |
| Total operating expenses | 366,908 | 190,006 | 1,066,775 | 534,791 |
| INCOME FROM OPERATIONS | 42,243 | 9,113 | 87,597 | 18,290 |
| OTHER EXPENSE, NET: | ||||
| Interest expense, net | 40,041 | 17,191 | 131,406 | 28,114 |
| Loss on extinguishment of debt | 407 | — | 661 | — |
| Total other expense, net | 40,448 | 17,191 | 132,067 | 28,114 |
| INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES | 1,795 | (8,078) | (44,470) | (9,824) |
| (Benefit) provision for income taxes | (798) | 782 | (6,177) | 83 |
| NET INCOME (LOSS) | $2,593 | $(8,860) | $(38,293) | $(9,907) |
| Foreign currency translation (loss) income | (6,950) | 5,531 | 12,887 | 2,460 |
| COMPREHENSIVE LOSS | $(4,357) | $(3,329) | $(25,406) | $(7,447) |
| NET INCOME (LOSS) | $2,593 | $(8,860) | $(38,293) | $(9,907) |
| Basic net income (loss) per share | $0.01 | $(0.06) | $(0.22) | $(0.07) |
| Diluted net income (loss) per share | $0.01 | $(0.06) | $(0.22) | $(0.07) |
| Weighted average number of shares outstanding - basic | 173,561,778 | 144,096,312 | 173,071,481 | 143,851,357 |
| Weighted average number of shares outstanding - diluted | 175,549,342 | 144,096,312 | 173,071,481 | 143,851,357 |
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