First Advantage Lifts Full-Year 2026 Outlook on Record Q2 Revenue and Profit Growth
FA has more than doubled off its 52-week low of $8.82.
Summary
First Advantage posted Q2 2026 revenue of $448.8M (+14.9% YoY) and Adjusted Diluted EPS of $0.35, exceeding expectations, and raised its full-year guidance. The company also repurchased $18.7M in shares and made a $45M debt prepayment.
Key Events · Earnings and Guidance · FA
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Record Q2 Revenue and Profit
Revenue climbed 14.9% year-over-year to $448.8M, while net income swung to $16.9M from $0.3M. Adjusted EBITDA reached $128.5M, representing a 28.6% margin, and Adjusted Diluted EPS of $0.35 beat expectations.
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Full-Year 2026 Guidance Raised
The revenue outlook was lifted to $1.67B–$1.71B, up from $1.625B–$1.70B. Adjusted EBITDA is now seen at $472M–$486M, and Adjusted Diluted EPS at $1.23–$1.29, compared with the prior range of $1.15–$1.25.
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Shareholder-Friendly Capital Deployment
During Q2, $18.7M in shares were repurchased under the $100M program, bringing total buybacks through July 31 to $38.2M, or roughly 1.9% of shares outstanding. A $45M voluntary debt prepayment was made on August 4, following a $25M prepayment in May.
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New Director Appointed
Effective August 6, 2026, Sharon Binger, an employee of Silver Lake, was appointed as a Class I director and named to the Nominating and Corporate Governance Committee.
Analysis · FA · Technology
A record quarter underscored by 15% revenue growth and a sharp profit surge — powered by AI-driven platform momentum and large contract wins — sets the stage for a guidance raise across all key metrics, signaling management's confidence in sustained demand. Disciplined capital deployment remained a priority, with $18.7M in share repurchases and a $45M voluntary debt prepayment, while the board added a new independent director from Silver Lake. The combination of accelerating fundamentals, an upward revision to the outlook, and shareholder-friendly capital allocation makes this a significant positive update.
How filings like this one have moved
In the 30 days to Sep 25, 2026, 35.1% of the 1036 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FA was trading at $20.58 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $8.82 to $22.78. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.