First Advantage Q4 Revenues Jump 37%, Announces $100M Buyback and 2026 Guidance
First Advantage delivered Q4 2025 revenues of $420 million, adjusted EBITDA of $116.8 million (27.8% margin), and authorized a new $100 million share repurchase program. It issued full-year 2026 guidance of $1.625 billion to $1.7 billion in revenues and $460 million to $485 million in adjusted EBITDA.
1. Fourth Quarter 2025 Results
First Advantage generated $420.0 million in revenues in Q4 2025, up from $307.1 million a year earlier, with net income of $3.5 million and adjusted EBITDA of $116.8 million (27.8% margin). Adjusted diluted EPS reached $0.30, supported by $65.9 million in operating cash flow.
2. Full Year 2025 Performance
For full year 2025, the company reported $1.5744 billion in revenues and a net loss of $34.8 million, with non-GAAP adjusted EBITDA of $441.4 million (28.0% margin) and adjusted net income of $181.7 million (adjusted diluted EPS of $1.04), driven by completion of Sterling integration.
3. 2026 Guidance and Share Repurchase
First Advantage authorized a new $100 million share repurchase program and provided 2026 guidance calling for $1.625 billion to $1.7 billion in revenues, $460 million to $485 million in adjusted EBITDA, and adjusted diluted EPS of $1.15 to $1.25, reflecting confidence in continued organic growth.