---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-040099"
form_type: "8-K"
ticker: "FA"
cik: "0001210677"
company_name: "FIRST ADVANTAGE CORP"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:31:28.054231+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Advantage Q2 revenue $185.3M; board declares $1.50 special dividend

## Summary
- Revenue $185.3M (-8.1% YoY); net income $9.8M (-31.3%); Adjusted EBITDA $56.0M (-8.0%).
- GAAP diluted EPS $0.07; Adjusted diluted EPS $0.24.
- Board declares one-time special dividend of $1.50/share, payable Aug 31 to holders of record Aug 21.
- FY2023 guidance reaffirmed: revenue $770M-$810M, Adj. EBITDA $240M-$255M, Adj. EPS $1.00-$1.07; expects lower end.
- Repurchased 2.0M shares for $27.1M in Q2; $114.5M total under $200M program.

## SEC filing metadata
- accession: 0000950170-23-040099
- form_type: 8-K
- ticker: FA
- cik: 0001210677
- company_name: FIRST ADVANTAGE CORP
- filed_at: 2023-08-09T23:59:59+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/1210677/000095017023040099/0000950170-23-040099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1210677/000095017023040099/fa-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-040099
- JSON: https://secwatch.observer/filing/0000950170-23-040099.json
- Plain text: https://secwatch.observer/filing/0000950170-23-040099.txt

## Key facts
- Earnings Releases
  FIRST ADVANTAGE CORP reported second quarter ended June 30, 2023 results: revenue $185.3 million, net income $9.8 million, EPS $0.07. Guidance reaffirmed.
  - Period: second quarter ended June 30, 2023
  - Revenue: $185.3 million
  - Net income: $9.8 million
  - EPS: $0.07
  - Guidance: reaffirmed
  - Result: reported results
  source text: Exhibit 99.1 First Advantage Reports Second Quarter 2023 Results Board of Directors declares one-time special dividend Second Quarter 2023 Highlights 1 • Generated Revenues of $185.3 million; Constant Currency Revenues were $186.4 million • Delivered Net Income of $9.8 million; Adjusted Net Income was $34.8 million • Produced Adjusted EBITDA of $56.0 million;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1210677/000095017023040099/0000950170-23-040099-index.htm

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