FIRST ADVANTAGE CORP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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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.
FY2025 · Filed Feb 26, 2026
FA$23.52-0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $239,998 | $168,688 |
| Restricted cash | 86 | 795 |
| Accounts receivable (net of allowance for doubtful accounts of $8,084 and $3,832 at December 31, 2025 and 2024, respectively) | 297,281 | 266,800 |
| Prepaid expenses and other current assets | 15,323 | 31,041 |
| Income tax receivable | 9,010 | 8,669 |
| Total current assets | 561,698 | 475,993 |
| Property and equipment, net | 250,865 | 307,539 |
| Goodwill | 2,143,604 | 2,124,528 |
| Intangible assets, net | 857,111 | 987,948 |
| Deferred tax asset, net | 4,183 | 5,682 |
| Other assets | 16,341 | 21,203 |
| TOTAL ASSETS | $3,833,802 | $3,922,893 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $109,888 | $120,872 |
| Accrued compensation | 60,537 | 52,805 |
| Accrued liabilities | 49,140 | 44,700 |
| Current portion of long-term debt | — | 21,850 |
| Current portion of operating lease liability | 3,568 | 4,245 |
| Income tax payable | 2,298 | 1,942 |
| Deferred revenues | 5,028 | 4,274 |
| Total current liabilities | 230,459 | 250,688 |
| Long-term debt (net of deferred financing costs of $34,498 and $41,861 at December 31, 2025 and 2024, respectively) | 2,080,039 | 2,121,289 |
| Deferred tax liability, net | 190,255 | 222,738 |
| Operating lease liability, less current portion | 5,525 | 9,149 |
| Other liabilities | 13,972 | 11,990 |
| Total liabilities | 2,520,250 | 2,615,854 |
| COMMITMENTS AND CONTINGENCIES (Note 13) | ||
| EQUITY | ||
| Common stock - $0.001 par value; 1,000,000,000 shares authorized, 174,190,461 and 173,171,145 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 174 | 173 |
| Additional paid-in-capital | 1,528,315 | 1,504,007 |
| Accumulated deficit | (194,632) | (159,808) |
| Accumulated other comprehensive loss | (20,305) | (37,333) |
| Total equity | 1,313,552 | 1,307,039 |
| TOTAL LIABILITIES AND EQUITY | $3,833,802 | $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.