Filing Flows › First Advantage (FA) › Q2 2026 › vs Q1 2026
First Advantage (FA) Q2 2026 vs Q1 2026 (quarter over quarter)
First Advantage's revenue rose $63.6M (+17%) from $385M in Q1 2026 to $449M in Q2 2026. The biggest changes: First Advantage Americas +$43.7M (+25%); Sterling +$19.0M (+10%); First Advantage International +$826K (+4%). Operating margin 12.7% against 8.7% (+4.0 pts).
First Advantage, Q2 2026: revenue $449M (+15% year over year), operating margin 12.7%, net earnings $16.9M, operating cash flow $73.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 12.7% | 8.7% | +4.0 pts |
| Net margin | 3.8% | 0.6% | +3.2 pts |
| Free cash flow margin | 15.4% | 12.1% | +3.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| First Advantage Americas | $216M | $172M | $43.7M | +25% |
| Sterling | $210M | $191M | $19.0M | +10% |
| First Advantage International | $23.3M | $22.4M | $826K | +4% |
| Revenue | $449M | $385M | $63.6M | +17% |
| Operating profit | $57.0M | $33.5M | $23.5M | +70% |
| Costs & expenses | $392M | $352M | $40.1M | +11% |
| Pre-tax earnings | $25.1M | $3.3M | $21.8M | +658% |
| Other expense, net | $32.0M | $30.2M | $1.8M | +6% |
| Research & development | $27.3M | $24.6M | $2.7M | +11% |
| SG&A | $57.8M | $53.5M | $4.3M | +8% |
| Other operating costs | $307M | $274M | $33.1M | +12% |
| Net earnings | $16.9M | $2.2M | $14.7M | +680% |
| Income tax | $8.1M | $1.1M | $7.0M | +616% |
| Depreciation & amortization | $27.5M | $27.8M | −$300K | -1% |
| Share-based compensation | $5.2M | $4.4M | $810K | +18% |
| Working capital & other | $23.9M | $15.0M | $8.9M | +59% |
| Operating cash flow | $73.6M | $49.4M | $24.2M | +49% |
| Free cash flow (OCF − capex) | $68.9M | $46.6M | $22.3M | +48% |
| Capital expenditures | $4.7M | $2.8M | $1.8M | +65% |
Questions
How much did First Advantage's revenue grow quarter over quarter in Q2 2026?
First Advantage's revenue rose $63.6M (+17%) from $385M in Q1 2026 to $449M in Q2 2026.
What drove First Advantage's revenue change in Q2 2026?
First Advantage Americas +$43.7M (+25%); Sterling +$19.0M (+10%); First Advantage International +$826K (+4%).