Revenue: As of FY2026 Q1, the actual value is USD 385.2 M, beating the estimate of USD 373.21 M.EPS: As of FY2026 Q1, the actual value is USD 0.01.EBIT: As of FY2026 Q1, the actual value is USD 33.15 M.The provided Form 8-K filing by First Advantage Corporation, dated May 7, 2026, announces a press release regarding its financial results for the quarter ended March 31, 2026, but the detailed financial and operational metrics are not directly presented within the text of this Form 8-K itself. <h4>First Quarter 2026 Highlights</h4><ul><li>Revenues were $385.2 million, representing an 8.6% growth year-over-year. </li><li>Net Income was $2.2 million, with a 0.6% margin. </li><li>Adjusted EBITDA reached $105.3 million, with a 27.3% margin. </li><li>Adjusted Net Income was $45.1 million. </li><li>Cash Flows from Operations amounted to $49.4 million. </li></ul><h4>Key Financials (Three Months Ended March 31)</h4><ul><li>Revenues: First Advantage Corporation reported revenues of $385.2 million in 2026, an 8.6% increase from $354.6 million in 2025. </li><li>Net Income (Loss): Net income was $2.2 million in 2026, a significant improvement from a net loss of -$41.2 million in 2025. The net income (loss) margin was 0.6% in 2026, compared to -11.6% in 2025. </li><li>Adjusted EBITDA: Adjusted EBITDA grew by 14.3% to $105.3 million in 2026, up from $92.1 million in 2025. The Adjusted EBITDA Margin increased to 27.3% in 2026 from 26.0% in 2025. </li><li>Adjusted Net Income: Adjusted Net Income increased by 48.0% to $45.1 million in 2026, compared to $30.5 million in 2025. </li></ul><h4>Operational Costs (Three Months Ended March 31)</h4><ul><li>Cost of services: Cost of services increased to $211.411 million in 2026 from $192.565 million in 2025. </li><li>Product and technology expense: Product and technology expense decreased to $24.605 million in 2026 from $27.155 million in 2025. </li><li>Selling, general, and administrative expense: Selling, general, and administrative expense decreased to $53.475 million in 2026 from $65.585 million in 2025. </li><li>Depreciation and amortization: Depreciation and amortization increased to $62.190 million in 2026 from $61.666 million in 2025. </li><li>Total operating expenses: Total operating expenses rose to $351.681 million in 2026 from $346.971 million in 2025. </li><li>Income from operations: Income from operations significantly increased to $33.520 million in 2026 from $7.617 million in 2025. </li><li>Interest expense, net: Interest expense, net, decreased to $29.841 million in 2026 from $46.580 million in 2025. </li><li>Loss on extinguishment of debt: A loss on extinguishment of debt of $374 thousand was recorded in 2026, compared to $0 in 2025. </li><li>Income (loss) before provision for income taxes: Income before provision for income taxes was $3.305 million in 2026, compared to a loss of -$38.963 million in 2025. </li><li>Provision for income taxes: Provision for income taxes decreased to $1.137 million in 2026 from $2.231 million in 2025. </li><li>Comprehensive loss: Comprehensive loss was -$4.752 million in 2026, compared to -$35.741 million in 2025. </li></ul><h4>Cash Flow (Three Months Ended March 31)</h4><ul><li>Net cash provided by operating activities: Net cash provided by operating activities was $49.431 million in 2026, up from $19.471 million in 2025. </li><li>Net cash used in investing activities: Net cash used in investing activities was -$14.016 million in 2026, compared to -$11.076 million in 2025. </li><li>Net cash used in financing activities: Net cash used in financing activities was -$44.261 million in 2026, compared to -$5.993 million in 2025. </li><li>Cash paid for interest: Cash paid for interest was $34.714 million in 2026, down from $41.881 million in 2025. </li></ul><h4>Other Key Metrics and Actions</h4><ul><li>Debt Prepayments: First Advantage Corporation made a voluntary debt prepayment of $25 million on May 6, 2026, in addition to a $25 million prepayment on February 27, 2026. </li><li>Share Repurchases: $19.5 million in shares were repurchased under the $100 million share repurchase program during Q1 2026, with an additional $13.8 million repurchased through May 1. </li><li>Customer Retention: The company maintained a high customer retention rate of 97%. </li></ul><h4>Outlook / Guidance (Full Year 2026)</h4>First Advantage Corporation reaffirmed its full year 2026 guidance, driven by strong first-quarter performance and its current view of the macroeconomic environment. The company projects revenues between $1,625 million and $1,700 million, Adjusted EBITDA between $460 million and $485 million, and Adjusted Net Income between $200 million and $220 million. The company continues to focus on accelerating growth, steadily reducing net leverage, and advancing toward long-term financial objectives.

First Advantage | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 385.2 M