secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-210077
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Advantage Q1 revenue up 8.6% to $385.2M, adjusted EPS $0.26, reaffirms FY2026 guidance
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- Revenue $385.2M (+8.6% YoY); net income $2.2M vs $(41.2)M loss in prior year.
- Adjusted EBITDA $105.3M (27.3% margin); adjusted diluted EPS $0.26 (+52.9% YoY).
- Repurchased $19.5M in shares during Q1 and $13.8M additional after quarter end; $25M debt prepayment each in Feb and May.
- Reaffirms FY2026 guidance: revenue $1.625-1.7B, adj EBITDA $460-485M, adj EPS $1.15-1.25.
- Customer retention rate 97%; sees growth in retail, transport/logistics, gig economy verticals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000119312526210077/0001193125-26-210077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000119312526210077/fa-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-210077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer