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First Advantage Corporation FA Sterling — Less Adjusted Cost Of Services

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Other financials

Income statement

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Revenue$448.8M+14.9%
Operating income$57.0M+51.1%
Net income$16.9M+5,392%
EPS (diluted)$0.10

Balance sheet

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Cash & equivalents$237.9M+29.1%
Total debt$2.0B-4.5%
Total equity$1.3B-0.4%
Total assets$3.7B-3.2%

Cash flow

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Operating cash flow$73.6M+97.1%
CapEx$4.7M+277%
Free cash flow$68.9M+90.9%

Valuation

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Market cap$4.12B+50.7%
Enterprise value$5.93B+26.4%
P/E190.3×
P/S2.5×+0.3×

Profitability

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Operating margin10.7%+9.2pp
Net margin1.3%+0.7pp
FCF margin15%

Returns & leverage

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Return on equity1.7%+0.9pp
Debt / equity1.6×-0.1×
Current ratio2.5×+0.5×

Where this comes from

Reported directly by First Advantage Corporation in its filing.

Tagged under the XBRL concept fa:LessAdjustedCostOfServices.

The source filing: First Advantage Corporation’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338063
Line itemFirst Advantage AmericasFirst Advantage InternationalSterlingTotal
Intersegment revenues(768)(1,371)451(1,688)
External revenues$215,999$23,251$209,513$448,763
Less:
Adjusted cost of services113,12513,890120,396
Other segment items39,8269,38925,304
Segment Adjusted EBITDA$63,816$1,343$63,362$128,521
Adjustments to reconcile to net income:
Interest expense, net31,608

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is First Advantage Corporation's sterling — less adjusted cost of services?
First Advantage Corporation (FA) reported sterling — less adjusted cost of services of $120.4M in Q2 2026.
How has First Advantage Corporation's sterling — less adjusted cost of services changed year-over-year?
First Advantage Corporation's sterling — less adjusted cost of services increased by 6.9% year-over-year, from $112.62M to $120.4M.
What does sterling — less adjusted cost of services mean?
Reflects the direct costs associated with delivering screening and verification services within the Sterling segment, adjusted for non-recurring or non-operational items. Monitoring this metric helps assess the segment's operational efficiency and the direct cost burden of service delivery.

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