First Advantage Reports Strong Q3 2026 Results and Raises Guidance
News related to:First Advantage Corporation · 2 min read
First Advantage Corporation, a global software and data company, reported strong financial results for the third quarter of 2026. The company's revenues reached $465.8 million, marking a 13.8% increase from the same period in 2025. The net income for the quarter was $20.5 million, representing a 4.4% margin, and the diluted net income per share was $0.12. Adjusted EBITDA for the quarter stood at $136.5 million, with a margin of 29.3%. The adjusted net income was $67.3 million, and the adjusted diluted earnings per share was $0.38. Cash flows from operations amounted to $63.8 million.
In a related development, First Advantage announced the acquisition of Data Diver Technologies, LLC, a data platform that leverages AI and automation to collect, aggregate, retain, and deliver high-volume criminal and court records. This acquisition aligns with the company's strategy of delivering fast, accurate, and automated screening results for its customers.
The company also noted that it continued to progress on its synergy program for the Sterling acquisition, expecting to finish the year near or at the top end of its run rate synergy target range.
First Advantage raised its full-year 2026 guidance. The company now expects revenues to range between $1.720 billion and $1.745 billion, adjusted EBITDA between $488 million and $498 million, adjusted net income between $227 million and $232 million, and adjusted diluted earnings per share between $1.30 and $1.332.
In the third quarter, First Advantage Corporation reported financial results that highlighted a 13.8% year-over-year growth in revenues to $465.8 million. The net income for the quarter was $20.5 million, representing a 4.4% margin, and the diluted net income per share was $0.12. Adjusted EBITDA for the quarter stood at $136.5 million, with a margin of 29.3%. The adjusted net income was $67.3 million, and the adjusted diluted earnings per share was $0.38. Cash flows from operations amounted to $63.8 million.
The company also announced the acquisition of Data Diver Technologies, LLC, a data platform that leverages AI and automation to collect, aggregate, retain, and deliver high-volume criminal and court records. This acquisition aligns with the company's strategy of delivering fast, accurate, and automated screening results for its customers.
The company also noted that it continued to progress on its synergy program for the Sterling acquisition, expecting to finish the year near or at the top end of its run rate synergy target range.
First Advantage raised its full-year 2026 guidance. The company now expects revenues to range between $1.720 billion and $1.745 billion, adjusted EBITDA between $488 million and $498 million, adjusted net income between $227 million and $232 million, and adjusted diluted earnings per share between $1.30 and $1.332.