---
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"
generated_at: "2026-06-18T21:11:51.888048+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Advantage FY2022 revenue record $810M (+13.7%); guides FY2023 revenue -5% to 0%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1210677/000095017023004824/0000950170-23-004824-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/fa-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-004824
- JSON: https://secwatch.observer/filing/0000950170-23-004824.json
- Plain text: https://secwatch.observer/filing/0000950170-23-004824.txt

## Key facts
- Earnings Releases
  FIRST ADVANTAGE CORP reported Full Year 2022 results: revenue $810.0 million, net income $64.6 million.
  - Period: Full Year 2022
  - Revenue: $810.0 million
  - Net income: $64.6 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/0000950170-23-004824-index.htm
- Earnings Releases
  FIRST ADVANTAGE CORP reported Full Year 2023 results: revenue $770 million to $810 million, EPS $1.00 to $1.07. Guidance initiated.
  - Period: Full Year 2023
  - Revenue: $770 million to $810 million
  - EPS: $1.00 to $1.07
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/0000950170-23-004824-index.htm
- Earnings Releases
  FIRST ADVANTAGE CORP reported Fourth Quarter 2022 results: revenue $212.6 million, net income $20.1 million.
  - Period: Fourth Quarter 2022
  - Revenue: $212.6 million
  - Net income: $20.1 million
  - Result: reported results
  source text: • Generated Revenues of $212.6 million; Constant Currency Revenues 1 were $216.3 million • Delivered Net Income of $20.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1210677/000095017023004824/0000950170-23-004824-index.htm

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