{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-004824","form_type":"8-K","ticker":"FA","cik":"0001210677","company_name":"FIRST ADVANTAGE CORP","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.087830+00:00","generated_at":"2026-06-18T21:11:51.888048+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Advantage FY2022 revenue record $810M (+13.7%); guides FY2023 revenue -5% to 0%","bullets":["FY2022 revenue record $810.0M, +13.7% YoY; net income $64.6M (+302.5%); cash from ops $212.8M (+43.1%).","Q4 2022 revenue flat at $212.6M; net income $20.1M (+30.9%); Adjusted EBITDA $70.3M (+1.2%).","2023 guidance: revenue $770-810M (-5% to 0% YoY); Adjusted EBITDA $240-255M; Adjusted EPS $1.00-$1.07.","Board increased share repurchase authorization by $50M to total $150M through Dec 2023; $75.7M repurchased YTD."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-004824","json":"https://secwatch.observer/filing/0000950170-23-004824.json","markdown":"https://secwatch.observer/filing/0000950170-23-004824.md","text":"https://secwatch.observer/filing/0000950170-23-004824.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/0000950170-23-004824-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/fa-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T21:11:51.888048+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"15f8ab269dd696ebe3e25f109f9ac2e0174d53a4","claim":"FIRST ADVANTAGE CORP reported Full Year 2022 results: revenue $810.0 million, net income $64.6 million.","evidence_excerpt":"Cash Flows from Operations; Introduces 2023 Guidance Full Year 2022 Highlights (All results compared to prior-year period unless otherwise noted) • Generated record Revenues of $810.0 million, an increase of 13.7%; Constant Currency Revenues 1 were $820.3 million, an increase of 15.2% • Delivered Net Income of $64.6 million, an increase of 302.5% • Produced Adjusted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/0000950170-23-004824-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2022"},{"label":"Revenue","value":"$810.0 million"},{"label":"Net income","value":"$64.6 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"87d304f8f63c5d6f022d84f1bf1cec7711c91b12","claim":"FIRST ADVANTAGE CORP reported Full Year 2023 results: revenue $770 million to $810 million, EPS $1.00 to $1.07. Guidance initiated.","evidence_excerpt":"Introducing full year 2023 guidance ranges for Revenues of $770 million to $810 million, Adjusted EBITDA of $240 million to $255 million, Adjusted Net Income of $145 million to $155 million, and Adjusted Diluted Earnings Per Share of $1.00 to $1.07","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/0000950170-23-004824-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2023"},{"label":"Revenue","value":"$770 million to $810 million"},{"label":"EPS","value":"$1.00 to $1.07"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"b34608e21f9811d9d179e3c9f2a6963cb2adcc75","claim":"FIRST ADVANTAGE CORP reported Fourth Quarter 2022 results: revenue $212.6 million, net income $20.1 million.","evidence_excerpt":"• Generated Revenues of $212.6 million; Constant Currency Revenues 1 were $216.3 million • Delivered Net Income of $20.1 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/0000950170-23-004824-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2022"},{"label":"Revenue","value":"$212.6 million"},{"label":"Net income","value":"$20.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}