Filing Flows › First Advantage (FA) › Q4 2025
First Advantage (FA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
First Advantage (FA) reported revenue of $420M for the fourth quarter 2025 (Q4 2025), +37% from a year earlier and +3% from the quarter before. Operating margin was 10.7%, net earnings $3.5M (0.8% of revenue).
First Advantage, Q4 2025: revenue $420M (+37% year over year), operating margin 10.7%, net earnings $3.5M, operating cash flow $65.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $420M | +3% | +37% |
| Operating profit | $44.9M | +6% | — |
| Net earnings | $3.5M | +34% | — |
| Operating cash flow | $65.9M | -9% | — |
| Free cash flow | $62.2M | -13% | — |
What changed
Revenue was $420.0M in Q4 2025, up 37% year over year and up 3% from the previous quarter. First Advantage Americas was the largest line at 50% of revenue.
Operating profit was $44.9M, a 10.7% margin (up 37.0 points year over year). Total costs fell 3% while revenue rose 37%. The fastest-growing cost line was Other operating costs (+32%). Net earnings were $3.5M. The effective tax rate was 51.9%.
Operating cash flow was $65.9M, 1901% of net earnings. Non-cash charges added back $28.5M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $28.9M. Capital expenditures of $3.8M left free cash flow of $62.2M.
Questions
What was First Advantage's revenue in the fourth quarter 2025?
First Advantage (FA) reported revenue of $420M for the fourth quarter 2025 (Q4 2025), +37% from a year earlier and +3% from the quarter before.
Was First Advantage profitable in the fourth quarter 2025?
Operating profit was $44.9M (10.7% of revenue) and net earnings $3.5M.
Source: First Advantage 10-K on SEC EDGAR.