FA at a glance
FIRST ADVANTAGE CORP (FA, SEC CIK 1210677) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 12, 2026 and Form 4 insider filings as recently as September 18, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), FIRST ADVANTAGE CORP (FA) reported revenue of $1.6 billion (up 83.0% from FY2024) and a net loss of $34.8 million. Diluted EPS was -$0.20.
- As of June 30, 2026, 25 institutional investment managers tracked by SignalX reported holding FIRST ADVANTAGE CORP (FA) shares worth $1.0 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by SLTA V (GP), L.L.C. on August 12, 2026 of 12,500,000 shares at $22.02 per share.
- In the last 90 days, FA insiders reported 0 open-market purchases ($0) and 1 open-market sale ($275.2M) on Form 4, a net sale of $275.2M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.6B
- +83.0% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$275.2M
- 13F holders
- 25 funds
- $1.0B · +2 vs prior quarter
- Latest 8-K
- Aug 12, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Regulatory risk from U.S. One Big Beautiful Bill Act (OBBBA) enacted July 4, 2025, affecting corporate tax regime and deferred tax asset/liability accounting
- Macroeconomic threat from global economic volatility and trade disputes impacting hiring, with 86% revenue exposure in U.S. and 14% in international markets
- Operational vulnerability from Sterling acquisition (Oct 31, 2024) increasing cost of services by $373.3M and product/technology expenses by $27.6M in 2025
- Market disruption risk from advanced digital identity offerings and AI-based biometrics competing with ID.me in fraud mitigation and candidate authentication
- Financial risk due to rising net interest expense $168.7M in 2025 vs $51.8M in 2024, pressuring results amid $1.57B revenues and negative $34.8M net income margin -2.2%
AI summary of the FA 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material changes to risk factors disclosed; 10-Q text does not identify newly added risks
- Regulatory and compliance risk: Background-screening services subject to evolving privacy, employment, and consumer-protection requirements
- Operational risk: Seasonal hiring patterns create a first-quarter revenue low and elevated second-quarter demand
- Financial risk: $2,064.5 million First Lien Credit Facility outstanding, due October 31, 2031
- Currency risk: Six-month foreign-currency translation loss reached $12.8 million versus $19.8 million income in 2025
AI summary of the FA 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- Silver Lake funds launching secondary offering of 12,500,000 FA shares
- First Advantage selling no shares and receiving no proceeds, limiting direct balance-sheet benefit
Item 8.01: Other Events
- Silver Lake affiliates sold 12,500,000 First Advantage shares in a secondary offering
- Company received no proceeds, limiting direct balance-sheet benefit
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026, released August 6, 2026
- Detailed financial metrics and management commentary contained in Exhibit 99.1
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Board expanded to nine directors with Sharon Binger appointed as Class I director through the 2028 annual meeting
- Silver Lake designated Binger under the 2024 Stockholders’ Agreement, reinforcing its governance influence
Item EX-99.1: Item EX-99.1
- Q2 revenue $448.8M, up 14.9% YoY; adjusted EPS $0.35, up 29.6%, signaling strong demand and operating execution
- Adjusted EBITDA $128.5M with 28.6% margin, down from 29.2%, indicating growth came with modest profitability pressure
Item 5.07: Submission of Matters to a Vote of Security Holders
- 94% shareholder participation, with 162,262,108 of 172,407,142 eligible shares represented
- James L. Clark, Bridgett R. Price, and Mark Gillett elected as Class II directors through 2029
AI summaries of FA 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for FA
Don't miss the next FA filing
- Alerts as it files. A push when FA files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut FA, by share count.
- Ask anything. An AI agent that reads every FA filing and answers with sources.
FA alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Smith Joelle M | M | Sep 16, 2026 | 16,498 | - |
| Smith Joelle M | M | Sep 16, 2026 | 16,498 | - |
| Smith Joelle M | F | Sep 16, 2026 | 6,554 | $21.56 |
| SLTA V (GP), L.L.C. | Sell | Aug 12, 2026 | 12,500,000 | $22.02 |
| SLTA V (GP), L.L.C. | J | Aug 12, 2026 | 4,028,842 | - |
| Clark James Lindsey | Sell | Jun 8, 2026 | 4,921 | $15.69 |
| Bell Susan R. | A | Jun 5, 2026 | 12,805 | - |
| Price Bridgett R | A | Jun 5, 2026 | 12,805 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $860.2M | $1.6B |
| Operating Income | - | -$62.4M | $132.5M |
| Net Income | $37.3M | -$110.3M | -$34.8M |
| Op. Margin | - | -7.3% | 8.4% |
| Net Margin | - | -12.8% | -2.2% |
| Balance Sheet | |||
| Total Assets | $1.6B | $3.9B | $3.8B |
| Equity | - | $1.3B | $1.3B |
| ROE | - | -8.4% | -2.7% |
| Per Share | |||
| EPS | $0.26 | $-0.74 | $-0.20 |
| Cash Flow | |||
| Operating CF | - | $28.2M | $195.1M |
| CapEx | $2.1M | $1.7M | $6.6M |
Source: XBRL data in FIRST ADVANTAGE CORP (FA)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate FA share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 25 | $1.01B |
| Q1 2026 | 23 | $553.7M |
| Q4 2025 | 19 | $650.0M |
| Q3 2025 | 22 | $748.8M |
| Q2 2025 | 22 | $715.2M |
| Q1 2025 | 17 | $428.8M |
| Q4 2024 | 13 | $424.3M |
| Q3 2024 | 11 | $110.1M |
- BlackRock+6.07M (+101%)
- State Street Corp+1.33M (+70%)
- Dimensional Fund Advisors+1.01M (+48%)
- T. Rowe Price Group+594.9K (+4%)
- Vanguard Portfolio Management LLC+593.6K (+17%)
- FMR LLC (Fidelity)−1.42M (-16%)
- JPMorgan Chase & Co−1.04M (-36%)
- Goldman Sachs Group−312.2K (-51%)
- Bank of America Corp−47.0K (-10%)
- Ameriprise Financial+772.8K
- Principal Financial Group+384.7K
- Mangrove Partners+17.7K
- ASSOCIATED BANC-CORP+12.5K
- Renaissance Technologies LLC−109.5K
- Millennium Management−40.6K
Source: 13F-HR filings on SEC EDGAR (aggregated from 152 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
FA filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 8-K | Aug 12, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| SC 13G | Jul 28, 2026 | - | - | |
| 4 | Jun 10, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 8-K | Jun 8, 2026 | - | Analysis | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis | |
| SC 13G | May 6, 2026 | - | - | |
| 4 | Mar 13, 2026 | - | - | - |
| 4 | Mar 6, 2026 | - | - | - |
| 4 | Mar 6, 2026 | - | - | - |
| 4 | Mar 4, 2026 | - | - | - |
| 4 | Mar 4, 2026 | - | - | - |
| 4 | Mar 4, 2026 | - | - | - |
| 4 | Mar 4, 2026 | - | - | - |
Related Information Technology companies
- EGHT · 8X8 INC /DE/Services-Computer Processing & Data Preparation
- APLD · Applied Digital Corp.Services-Computer Processing & Data Preparation
- CARG · CarGurus, Inc.Services-Computer Processing & Data Preparation
- CARS · Cars.com Inc.Services-Computer Processing & Data Preparation
- CSGS · CSG SYSTEMS INTERNATIONAL INCServices-Computer Processing & Data Preparation
- QBTS · D-Wave Quantum Inc.Services-Computer Processing & Data Preparation
- FIVN · Five9, Inc.Services-Computer Processing & Data Preparation
- IBEX · IBEX LtdServices-Computer Processing & Data Preparation
FA SEC filings: frequently asked questions
Are FA insiders buying or selling?
In the last 90 days, FIRST ADVANTAGE CORP (FA) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $275.2 million by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold FA stock?
As of June 30, 2026, the largest FIRST ADVANTAGE CORP (FA) holders among the 13F filers tracked by SignalX were T. Rowe Price Group ($283.5 million), BlackRock ($217.8 million), FMR LLC (Fidelity) ($138.1 million), Vanguard Portfolio Management LLC ($74.3 million), Vanguard Capital Management LLC ($62.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was FA's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), FIRST ADVANTAGE CORP (FA) reported revenue of $1.6 billion (up 83.0% from FY2024) and a net loss of $34.8 million. Diluted EPS was -$0.20. The figures come from the XBRL data in the 10-K.
What are the main risks in FA's latest 10-K?
In the 10-K filed February 26, 2026, FIRST ADVANTAGE CORP (FA) flagged: Regulatory risk from U.S. One Big Beautiful Bill Act (OBBBA) enacted July 4, 2025, affecting corporate tax regime and deferred tax asset/liability accounting. Macroeconomic threat from global economic volatility and trade disputes impacting hiring, with 86% revenue exposure in U.S. and 14% in international markets. (AI summary of the Risk Factors section.)
What did FA report in its latest 8-K?
FIRST ADVANTAGE CORP (FA) filed an 8-K on August 12, 2026 reporting Item 8.01 (Other Events). Silver Lake funds launching secondary offering of 12,500,000 FA shares.
What are the latest FA SEC filings?
FIRST ADVANTAGE CORP (FA) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 12, 2026 and a Form 4 insider filing on September 18, 2026.
What is FA's SEC CIK number?
FIRST ADVANTAGE CORP (FA)'s SEC Central Index Key (CIK) is 1210677. EDGAR lists every FA filing under that number.
Ask anything about FA
The research agent reads FA's filings, financials, insider trades and 13F holders, then answers with sources.