FIRST ADVANTAGE CORP
For the period ended Mar 31, 2026. Filed May 7, 2026.
View on SEC.govAbout this filing
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, 2026 · Filed May 7, 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
Condensed Consolidated Balance Sheets
| (in thousands, except share and par value amounts) | March 31, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $225,908 | $239,998 |
| Restricted cash | 111 | 86 |
| Accounts receivable (net of allowance for doubtful accounts of $8,327 and $8,084 at March 31, 2026 and December 31, 2025, respectively) | 287,676 | 297,281 |
| Prepaid expenses and other current assets | 21,317 | 15,323 |
| Income tax receivable | 4,306 | 9,010 |
| Total current assets | 539,318 | 561,698 |
| Property and equipment, net | 237,039 | 250,865 |
| Goodwill | 2,138,399 | 2,143,604 |
| Intangible assets, net | 820,653 | 857,111 |
| Deferred tax asset, net | 4,151 | 4,183 |
| Other assets | 14,604 | 16,341 |
| TOTAL ASSETS | $3,754,164 | $3,833,802 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $107,193 | $109,888 |
| Accrued compensation | 42,246 | 60,537 |
| Accrued liabilities | 42,347 | 49,140 |
| Current portion of operating lease liability | 3,372 | 3,568 |
| Income tax payable | 3,128 | 2,298 |
| Deferred revenues | 5,211 | 5,028 |
| Total current liabilities | 203,497 | 230,459 |
| Long-term debt (net of deferred financing costs of $32,603 and $34,498 at March 31, 2026 and December 31, 2025, respectively) | 2,056,934 | 2,080,039 |
| Deferred tax liability, net | 181,024 | 190,255 |
| Operating lease liability, less current portion | 4,862 | 5,525 |
| Other liabilities | 14,063 | 13,972 |
| Total liabilities | 2,460,380 | 2,520,250 |
| COMMITMENTS AND CONTINGENCIES (Note 11) | ||
| EQUITY | ||
| Common stock - $0.001 par value; 1,000,000,000 shares authorized, 172,705,863 and 174,190,461 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively | 173 | 174 |
| Additional paid-in-capital | 1,532,985 | 1,528,315 |
| Accumulated deficit | (212,149) | (194,632) |
| Accumulated other comprehensive loss | (27,225) | (20,305) |
| Total equity | 1,293,784 | 1,313,552 |
| TOTAL LIABILITIES AND EQUITY | $3,754,164 | $3,833,802 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.