Filing Flows › First Advantage (FA) › Q2 2026 › vs Q2 2025
First Advantage (FA) Q2 2026 vs Q2 2025 (year over year)
First Advantage's revenue rose $58.1M (+15%) from $391M in Q2 2025 to $449M in Q2 2026. The biggest changes: First Advantage Americas +$53.1M (+33%); Sterling +$6.1M (+3%); First Advantage International −$1.1M (-5%). Operating margin 12.7% against 9.7% (+3.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 12.7% | 9.7% | +3.0 pts |
| Net margin | 3.8% | 0.1% | +3.7 pts |
| Free cash flow margin | 15.4% | 9.2% | +6.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| First Advantage Americas | $216M | $163M | $53.1M | +33% |
| Sterling | $210M | $203M | $6.1M | +3% |
| First Advantage International | $23.3M | $24.4M | −$1.1M | -5% |
| Revenue | $449M | $391M | $58.1M | +15% |
| Operating profit | $57.0M | $37.7M | $19.3M | +51% |
| Costs & expenses | $392M | $353M | $38.8M | +11% |
| Pre-tax earnings | $25.1M | −$7.3M | $32.4M | — |
| Other expense, net | $32.0M | $45.0M | −$13.1M | -29% |
| Research & development | $27.3M | $25.7M | $1.6M | +6% |
| SG&A | $57.8M | $57.5M | $338K | +0.6% |
| Other operating costs | $307M | $270M | $36.9M | +14% |
| Net earnings | $16.9M | $308K | $16.6M | 55× |
| Income tax | $8.1M | −$7.6M | $15.8M | — |
| Depreciation & amortization | $27.5M | $27.7M | −$200K | -0.7% |
| Share-based compensation | $5.2M | $5.7M | −$502K | -9% |
| Working capital & other | $23.9M | $3.6M | $20.3M | +566% |
| Operating cash flow | $73.6M | $37.3M | $36.3M | +97% |
| Free cash flow (OCF − capex) | $68.9M | $36.1M | $32.8M | +91% |
| Capital expenditures | $4.7M | $1.2M | $3.4M | +277% |
Questions
How much did First Advantage's revenue grow year over year in Q2 2026?
First Advantage's revenue rose $58.1M (+15%) from $391M in Q2 2025 to $449M in Q2 2026.
What drove First Advantage's revenue change in Q2 2026?
First Advantage Americas +$53.1M (+33%); Sterling +$6.1M (+3%); First Advantage International −$1.1M (-5%).