From GlobeNewswire: 2025-05-08 06:15:00

First Advantage Corporation reported revenues of $354.6 million in the first quarter of 2025, with a net loss of $(41.2) million. Adjusted Net Income was $30.5 million, and Adjusted EBITDA was $92.1 million. The company reaffirmed its full year 2025 guidance, including revenues of $1.5 billion to $1.6 billion and Adjusted EBITDA of $410 million to $450 million.

CEO Scott Staples highlighted the company’s strong financial performance, with growth in the base business and high customer retention levels. Integration efforts for the Sterling acquisition are ahead of schedule, with $37 million in run rate cost synergies realized. The company’s AI and automation efforts are driving efficiency and customer satisfaction.

First Advantage will host its inaugural investor day on May 28, 2025, to share details of its strategic vision, financial growth outlook, and key initiatives. CFO Steven Marks reaffirmed the full year 2025 guidance, emphasizing focus on integration plan execution, customer retention, synergy realization, and net leverage reduction.

Non-GAAP financial measures showed Adjusted Net Income of $30.5 million and Adjusted Diluted Earnings Per Share of $0.17 for the first quarter of 2025. Adjusted Operating Cash Flows were $33.3 million after adjusting for costs associated with the Sterling acquisition. The company’s strong financial performance positions it well for future growth and success.



Read more at GlobeNewswire:: First Advantage Reports First Quarter 2025 Results