Short answer
FIRST ADVANTAGE CORP (FA) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $1.6B (+83.0% year over year) and net income of −$35M.
- Top risk 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
FY2025 key financial metrics · XBRL
- Revenue
- $1.6B
- +83.0% YoY
- Net income
- −$35M
- +68.4% YoY
- Operating margin
- 8.4%
- +15.7 pp YoY
- EPS (diluted)
- −$0.20
- +73.0% YoY
- ROE
- -2.7%
- +5.8 pp YoY
- Operating cash flow
- $195M
- +592.0% YoY
Source: XBRL data from the FIRST ADVANTAGE CORP (FA) FY2025 10-K on SEC EDGAR. USD.
FIRST ADVANTAGE CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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%
Generated from the filing text; verify against the original. How to read a 10-K
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