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$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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Consolidated Statements of Operations and Comprehensive (Loss) Income
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 | 2023 |
| REVENUES | $1,574,389 | $860,205 | $763,761 |
| OPERATING EXPENSES: | |||
| Cost of services (exclusive of depreciation and amortization below) | 855,306 | 448,911 | 386,777 |
| Product and technology expense | 101,853 | 63,817 | 49,263 |
| Selling, general, and administrative expense | 236,179 | 263,942 | 116,732 |
| Depreciation and amortization | 248,583 | 145,919 | 129,473 |
| Total operating expenses | 1,441,921 | 922,589 | 682,245 |
| INCOME (LOSS) FROM OPERATIONS | 132,468 | (62,384) | 81,516 |
| OTHER EXPENSE, NET: | |||
| Interest expense, net | 168,667 | 51,848 | 33,040 |
| Loss on extinguishment of debt | 1,052 | 383 | — |
| Total other expense, net | 169,719 | 52,231 | 33,040 |
| (LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES | (37,251) | (114,615) | 48,476 |
| (Benefit) provision for income taxes | (2,427) | (4,342) | 11,183 |
| NET (LOSS) INCOME | $(34,824) | $(110,273) | $37,293 |
| Foreign currency translation income (loss) | 17,028 | (16,176) | 1,174 |
| COMPREHENSIVE (LOSS) INCOME | $(17,796) | $(126,449) | $38,467 |
| NET (LOSS) INCOME | $(34,824) | $(110,273) | $37,293 |
| Basic net (loss) income per share | $(0.20) | $(0.74) | $0.26 |
| Diluted net (loss) income per share | $(0.20) | $(0.74) | $0.26 |
| Weighted average number of shares outstanding - basic | 173,199,004 | 148,582,226 | 144,083,808 |
| Weighted average number of shares outstanding - diluted | 173,199,004 | 148,582,226 | 146,226,096 |
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