← FIRST ADVANTAGE CORP

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $152.8m $292.6m $391.7m $213.8m $168.7m $240.0m
Prepaid Expense and Other Assets, Current $8.7m $14.4m $25.4m $13.4m $31.0m $15.3m
Short-term Investments $1.3m $941k $2.0m $0 — —
Accounts Receivable — — $143.8m $142.7m $266.8m $297.3m
Allowance For Doubtful Accounts Receivable — — ($1.3m) ($1.0m) ($3.8m) ($8.1m)
Cash And Cash Equivalents — — $391.7m $213.8m $168.7m $240.0m
Cash Cash Equivalents And Short Term Investments — — $393.6m $213.8m $168.7m $240.0m
Gross Accounts Receivable — — $145.2m $143.7m $270.6m $305.4m
Other Current Assets — — $25.4m $8.6m $31.0m $15.3m
Other Short Term Investments — $941k $2.0m $0 — —
Prepaid Assets — $14.4m — $2.9m $9.6m —
Taxes Receivable — — $3.2m $3.7m $8.7m $9.0m
Cash and cash equivalents $152.8m $292.6m $391.7m $213.8m $168.7m $240.0m
Accounts receivable (net of allowance for doubtful accounts of $8,084 and $3,832 at December 31, 2025 and 2024, respectively) $111.4m $155.8m $143.8m $142.7m $266.8m $297.3m
Prepaid expenses and other current assets $8.7m $14.4m $25.4m $13.4m $31.0m $15.3m
Income tax receivable $3.5m $2.3m $3.2m $3.7m $8.7m $9.0m
Assets, Current $277.8m $466.2m $566.2m $373.7m $476.0m $561.7m
Total current assets $277.8m $466.2m $566.2m $373.7m $476.0m $561.7m
Property, Plant and Equipment, Net $190.3m $154.3m $113.5m $79.4m $307.5m $250.9m
Goodwill $770.1m $793.9m $793.1m $820.7m $2.1b $2.1b
Goodwill And Other Intangible Assets — — $1.2b $1.2b $3.1b $3.0b
Other Intangible Assets — — $397.2m $344.0m $987.9m $857.1m
Other intangible assets — — $0 $2.3m $987.9m $857.1m
Operating Lease, Right-of-Use Asset — — $10.7m $7.3m $13.7m $9.3m
Other Assets, Noncurrent $1.4m $6.5m $13.4m $10.0m $21.2m $16.3m
Other assets $1.4m $6.5m $13.4m $10.0m $21.2m $16.3m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $111.4m $155.8m $143.8m $142.7m $266.8m $297.3m
Accrued Liabilities, Current $25.2m $21.8m $16.4m $16.2m $44.7m $49.1m
Accumulated Depreciation — — ($200.4m) ($268.6m) ($343.8m) ($417.6m)
Capital Lease Obligations — — $12.8m $9.3m $13.4m $9.1m
Current Accrued Expenses — — $16.4m $16.2m $44.7m $49.1m
Current Capital Lease Obligation — — $5.0m $3.4m $4.2m $3.6m
Current Debt And Capital Lease Obligation — — $5.0m $3.4m $26.1m $3.6m
Current Deferred Liabilities — — $1.1m $1.9m $4.3m $5.0m
Gross PPE — — $314.0m $348.1m $651.4m $668.5m
Hedging Assets Current — — — $2.0m $3.1m —
Income Tax Payable — — $724k $264k $1.9m $2.3m
Invested Capital — — $1.7b $1.5b $3.5b $3.4b
Leases — — $3.0m $2.3m $3.0m $1.3m
Long Term Capital Lease Obligation — — $7.9m $5.9m $9.1m $5.5m
Machinery Furniture Equipment — — $311.0m $345.8m $648.4m $667.2m
Net Debt — — $165.0m $344.7m $2.0b $1.8b
Net PPE — — $113.5m $79.4m $307.5m $250.9m
Net Tangible Assets — — ($63.6m) ($257.9m) ($1.8b) ($1.7b)
Non Current Deferred Assets — — $2.4m $2.8m $5.7m $4.2m
Non Current Deferred Liabilities — — $90.6m $71.3m $222.7m $190.3m
Non Current Deferred Taxes Assets — — $2.4m $2.8m $5.7m $4.2m
Ordinary Shares Number — — $148.7m $145.1m $173.2m $174.2m
Other Equity Adjustments — — ($22.3m) ($21.2m) ($37.3m) ($20.3m)
Other Non Current Assets — — $13.4m $10.0m $21.2m $16.3m
Other Non Current Liabilities — — $3.3m $3.2m $12.0m $14.0m
Properties — — $0 $0 $0 $0
Restricted Cash — — $141k $138k $795k $86k
Share Issued — — $148.7m $145.1m $173.2m $174.2m
Tangible Book Value — — ($63.6m) ($257.9m) ($1.8b) ($1.7b)
Working Capital — — $465.4m $288.7m $225.3m $331.2m
Restricted cash $152k $148k $141k $138k $795k $86k
Deferred tax asset, net $807k $1.4m $2.4m $2.8m $5.7m $4.2m
Income tax payable $2.5m $2.6m $724k $264k $1.9m $2.3m
Other liabilities $6.2m $5.5m $3.3m $3.2m $12.0m $14.0m
Total Capitalization — — $1.7b $1.5b $3.4b $3.4b
Total Debt — — $569.5m $567.7m $2.2b $2.1b
Total Non Current Assets — — $1.3b $1.3b $3.4b $3.3b
Total Tax Payable — — $724k $264k $1.9m $2.3m
Total equity $794.3m $1.1b $1.1b $906.7m $1.3b $1.3b
Assets $1.8b $1.9b $1.9b $1.6b $3.9b $3.8b
Total Assets $1.8b $1.9b $1.9b $1.6b $3.9b $3.8b
TOTAL ASSETS $1.8b $1.9b $1.9b $1.6b $3.9b $3.8b
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — — $5.0m $3.4m $4.2m $3.6m
Accounts Payable, Current $44.1m $54.0m $54.9m $47.0m $120.9m $109.9m
Operating Lease, Liability, Noncurrent — — $7.9m $5.9m $9.1m $5.5m
Long-term Debt, Excluding Current Maturities $778.6m $554.8m $556.6m $558.5m $2.1b $2.1b
Deferred Revenue, Current $431k $873k $1.1m $1.9m $4.3m $5.0m
Long-term Debt, Current Maturities $6.7m $0 $5.0m $0 $21.9m $0
Payables And Accrued Expenses — — $72.1m $63.5m $167.5m $161.3m
Accrued compensation $18.9m $30.1m $22.7m $16.4m $52.8m $60.5m
Current portion of long-term debt $6.7m $0 $5.0m $0 $21.9m $0
Current portion of operating lease liability — — $5.0m $3.4m $4.2m $3.6m
Operating lease liability, less current portion — $0 $7.9m $5.9m $9.1m $5.5m
Liabilities, Current $97.8m $109.3m $100.8m $85.0m $250.7m $230.5m
Total current liabilities $97.8m $109.3m $100.8m $85.0m $250.7m $230.5m
Deferred Income Tax Liabilities, Net $86.8m $84.7m $90.6m $71.3m $222.7m $190.3m
Other Liabilities, Noncurrent $6.2m $5.5m $3.3m $3.2m $12.0m $14.0m
Long Term Debt And Capital Lease Obligation — — $564.5m $564.4m $2.1b $2.1b
Non Current Deferred Taxes Liabilities — — $90.6m $71.3m $222.7m $190.3m
Pensionand Other Post Retirement Benefit Plans Current — — $22.7m $16.4m $52.8m $60.5m
Long-term debt (net of deferred financing costs of $34,498 and $41,861 at December 31, 2025 and 2024, respectively) $778.6m $554.8m $556.6m $558.5m $2.1b $2.1b
Deferred tax liability, net $86.8m $84.7m $90.6m $71.3m $222.7m $190.3m
Deferred Tax Liabilities, Net $156.4m $135.6m $110.9m $86.8m $273.8m $260.4m
Liabilities $969.4m $754.3m $759.2m $723.9m $2.6b $2.5b
Total Liabilities Net Minority Interest $969.4m $754.3m $759.2m $723.9m $2.6b $2.5b
Total liabilities $969.4m $754.3m $759.2m $723.9m $2.6b $2.5b
Stockholders’ equity:
Common Stock, Value, Issued $130k $153k $149k $145k $173k $174k
Retained Earnings (Accumulated Deficit) ($47.5m) ($31.4m) ($27.4m) ($49.5m) ($159.8m) ($194.6m)
Accumulated Other Comprehensive Income (Loss), Net of Tax $2.5m ($1.6m) ($22.3m) ($21.2m) ($37.3m) ($20.3m)
Additional Paid in Capital, Common Stock $839.1m $1.2b $1.2b $977.3m $1.5b $1.5b
Common Stock Equity — — $1.1b $906.7m $1.3b $1.3b
Additional Paid In Capital — — $1.2b $977.3m $1.5b $1.5b
Capital Stock — — $149k $145k $173k $174k
Gains Losses Not Affecting Retained Earnings — — ($22.3m) ($21.2m) ($37.3m) ($20.3m)
Common stock - $0.001 par value; 1,000,000,000 shares authorized, 174,190,461 and 173,171,145 shares issued and outstanding as of December 31, 2025 and 2024, respectively 130k 153k 149k 145k 173k 174k
Additional paid-in-capital $839.1m $1.2b $1.2b $977.3m $1.5b $1.5b
Accumulated deficit ($47.5m) ($31.4m) ($27.4m) ($49.5m) ($159.8m) ($194.6m)
Accumulated other comprehensive loss $2.5m ($1.6m) ($22.3m) ($21.2m) ($37.3m) ($20.3m)
Stockholders' Equity Attributable to Parent $794.3m $1.1b $1.1b $906.7m $1.3b $1.3b
Total Equity Gross Minority Interest — — $1.1b $906.7m $1.3b $1.3b
Total Non Current Liabilities Net Minority Interest — — $658.4m $638.9m $2.4b $2.3b
Liabilities and Equity $1.8b $1.9b $1.9b $1.6b $3.9b $3.8b
TOTAL LIABILITIES AND EQUITY $1.8b $1.9b $1.9b $1.6b $3.9b $3.8b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.