{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-020000","form_type":"8-K","ticker":"FA","cik":"0001210677","company_name":"FIRST ADVANTAGE CORP","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.174130+00:00","generated_at":"2026-06-15T05:54:53.279975+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"First Advantage Q1 revenue $175.5M (-7.6% YoY), EPS $0.01; reaffirms FY guidance","bullets":["Q1 revenue $175.5M (-7.6% YoY); net income $1.9M (-85.2%); diluted EPS $0.01.","Adjusted EBITDA $48.6M (-9.4%); adjusted diluted EPS $0.19 (-13.6%).","Reaffirmed FY 2023 guidance: revenue $770-810M, adjusted EBITDA $240-255M.","Generated $38.6M operating cash flow; repurchased 1.9M shares for $25.3M.","30 new enterprise logos won; customer retention rate 97% over last 12 months."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-020000","json":"https://secwatch.observer/filing/0000950170-23-020000.json","markdown":"https://secwatch.observer/filing/0000950170-23-020000.md","text":"https://secwatch.observer/filing/0000950170-23-020000.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1210677/000095017023020000/0000950170-23-020000-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1210677/000095017023020000/fa-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T05:54:53.279975+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":"e8dc8a88340a6e52c62bd787c35ccba2c1586885","claim":"FIRST ADVANTAGE CORP reported the first quarter ended March 31, 2023 results: revenue $175.5 million, net income $1.9 million, EPS $0.01. Guidance reaffirmed.","evidence_excerpt":"First Advantage Reports First Quarter 2023 Results Reaffirming 2023 Full-Year Guidance First Quarter 2023 Highlights • Generated Revenues of $175.5 million; Constant Currency Revenues 1 were $177.7 million • Delivered Net Income of $1.9 million; Adjusted Net Income 1 was $28.4 million • Produced Adjusted EBITDA 1 of $48.6 million; Constant Currency Adjusted EBITDA 1 was $49.1 million • Realized GAAP diluted net income per share of $0.01; Adjusted Diluted EPS 1 was $0.19 • Achieved Cash Flows from Operations of $38.6 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1210677/000095017023020000/0000950170-23-020000-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$175.5 million"},{"label":"Net income","value":"$1.9 million"},{"label":"EPS","value":"$0.01"},{"label":"Guidance","value":"reaffirmed"},{"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"}