---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056174"
form_type: "8-K"
ticker: "FA"
cik: "0001210677"
company_name: "FIRST ADVANTAGE CORP"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T04:58:17.557558+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Advantage Q1 revenue $169.4M, net loss $(2.9)M; reaffirms FY2024 guidance

## Summary
- Revenues of $169.4M, down 3.5% YoY from $175.5M.
- GAAP net loss $(2.9)M vs net income $1.9M prior year; includes $11.1M Sterling acquisition costs.
- Adjusted EBITDA $46.6M (27.5% margin); Adjusted diluted EPS $0.17.
- Reaffirmed FY2024 guidance: rev $750-800M, adj. EBITDA $228-248M, adj. EPS $0.88-$0.98.
- Sterling acquisition progressing; integration committee formed, regulatory reviews underway.

## SEC filing metadata
- accession: 0000950170-24-056174
- form_type: 8-K
- ticker: FA
- cik: 0001210677
- company_name: FIRST ADVANTAGE CORP
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1210677/000095017024056174/0000950170-24-056174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1210677/000095017024056174/fa-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056174
- JSON: https://secwatch.observer/filing/0000950170-24-056174.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056174.txt

## Key facts
- Earnings Releases
  FIRST ADVANTAGE CORP reported Quarter ended March 31, 2024 results: revenue 169.4, net income -2.9, EPS -0.02.
  - Period: Quarter ended March 31, 2024
  - Revenue: 169.4
  - Net income: -2.9
  - EPS: -0.02
  - Result: reported results
  source text: for the first quarter ended March 31, 2024. Key Financials (Amounts in millions, except per share data and percentages) Three Months Ended March 31, 2024 2023 Change Revenues $ 169.4 $ 175.5 (3.5 )% (Loss) income from operations $ (0.7 ) $ 11.3 NM Net (loss) income $ (2.9 ) $ 1.9 NM Net (loss) income margin (1.7 )% 1.1 % NA Diluted net (loss) income per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1210677/000095017024056174/0000950170-24-056174-index.htm

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