Filing Flows › First Advantage (FA) › Q1 2026
First Advantage (FA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
First Advantage (FA) reported revenue of $385M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -8% from the quarter before. Operating margin was 8.7%, net earnings $2.2M (0.6% of revenue).
First Advantage, Q1 2026: revenue $385M (+9% year over year), operating margin 8.7%, net earnings $2.2M, operating cash flow $49.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $385M | -8% | +9% |
| Operating profit | $33.5M | -25% | +340% |
| Net earnings | $2.2M | -38% | — |
| Operating cash flow | $49.4M | -25% | +154% |
| Free cash flow | $46.6M | -25% | +146% |
What changed
Revenue was $385.2M in Q1 2026, up 9% year over year and down 8% from the previous quarter. Sterling was the largest line at 49% of revenue. First Advantage Americas added $27.4M year over year (up 19%), 90% of the total change.
Operating profit was $33.5M, a 8.7% margin (up 6.6 points year over year). Of the extra revenue versus Q1 2025, 85% reached operating profit, above the 2% margin then. Total costs grew 1% against revenue growth of 9%. Net earnings were $2.2M. The effective tax rate was 34.4%.
Operating cash flow was $49.4M (up 154% year over year), 2280% of net earnings. Non-cash charges added back $27.8M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $15.0M. Capital expenditures of $2.8M left free cash flow of $46.6M.
Questions
What was First Advantage's revenue in the first quarter 2026?
First Advantage (FA) reported revenue of $385M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -8% from the quarter before.
Was First Advantage profitable in the first quarter 2026?
Operating profit was $33.5M (8.7% of revenue) and net earnings $2.2M.
Source: First Advantage 10-Q on SEC EDGAR.