---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-022840"
form_type: "8-K"
ticker: "FA"
cik: "0001210677"
company_name: "FIRST ADVANTAGE CORP"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T02:57:36.697257+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Advantage Q3 revenue up 6.8% to $206M; guides FY2022 lower on FX and demand softness

## Summary
- Revenue $206.0M (+6.8% YoY); net income $17.2M (+5.7%).
- Adjusted EBITDA $64.2M (+0.4%); adjusted net income $40.0M (-5.1%) YoY.
- Share repurchase program increased by $100M to $150M total, extended through Dec 31, 2023; $21.6M used for 1.6M shares.
- Full year 2022 revenue guidance revised to $813-820M (from $823-835M); adjusted EBITDA now $247-251M.
- Cash from operations $46.4M (+67.2%); cash $390.3M, net debt $174.4M.

## SEC filing metadata
- accession: 0000950170-22-022840
- form_type: 8-K
- ticker: FA
- cik: 0001210677
- company_name: FIRST ADVANTAGE CORP
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1210677/000095017022022840/0000950170-22-022840-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1210677/000095017022022840/fa-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-022840
- JSON: https://secwatch.observer/filing/0000950170-22-022840.json
- Plain text: https://secwatch.observer/filing/0000950170-22-022840.txt

## Key facts
- Earnings Releases
  FIRST ADVANTAGE CORP reported third quarter ended September 30, 2022 results: revenue $206.0 million, net income $17.2 million. Guidance lowered.
  - Period: third quarter ended September 30, 2022
  - Revenue: $206.0 million
  - Net income: $17.2 million
  - Guidance: lowered
  - Result: reported results
  source text: Exhibit 99.1 First Advantage Reports Third Quarter 2022 Results Third Quarter 2022 Highlights (All results compared to prior-year period unless otherwise noted) • Revenues were $206.0 million, an increase of 6.8%, compared to $192.9 million; Constant Currency Revenues 1 were $209.4 million, an increase of 8.6% • Net income was $17.2 million, an increase of 5.7%,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1210677/000095017022022840/0000950170-22-022840-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.