FIRST ADVANTAGE CORP · Data processing and cloud

FA

Moderate riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A company still losing money with growing sales. Institutions are adding.

Going well

Sales up 15% in the latest quarter vs a year ago
Sales up 83% last year

Watch out for

Losing money
Debt above equity: 1.61x

Money moves

No insider buying or selling in the last 30 days
Institutions added 4.8% to their holdings in the quarter ending June 2026 (110 bought, 67 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$21.240.0% that day

Company value: $3.6B; Share price times all shares
Price vs profit (P/E): 151.7x; You pay about $152 for each $1 of yearly profit
Price vs sales: 2.2x; Company value is 2.2 times a year of sales
Cash vs value: 7%; Cash as a share of company value
Debt vs value: 58%; Debt as a share of company value

From FA's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$448.8M+15% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.7B, up 33% from the 12 months before. Over 5 years, sales grew about 27% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of FA. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +33% a yearProfit margin2%Last 12 months: 1.5%P/E at the end40xToday: 151.7x. Many steady companies trade at 12x to 25xShare count change+5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$6.2B

Profit in 5 years$124M

Price these guesses point to$22.54+6.1% vs $21.24 todayAbout +1.2% a year, before dividends

What today's price needs: with a 2% margin and a 40x P/E, sales would have to grow about 28% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-2.7%
MissDebt under half of equityNot relying on borrowed money.1.61x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-2.2%
MissProfitable every yearSteady profits, not one good year.4 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$188.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+14.1% in 3 years

Revenue: $1.6B; +83.0% vs prior year
5-year growth: +27.2%/yr; revenue, per year
Total debt: $2.1B; 1.61x equity
Current ratio: 2.44x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $448.8M; +14.9% YoY
EPS: $0.10; vs $0.00
Op. margin: 12.7%; +3.0 pts
Free cash flow: $68.9M
Share count: -1.1%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

52/ 100

This week: 1
Normal week: 0.9
vs normal: 1.1x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+4.8%

Institutions added 4.8% to their holdings. 110 bought, 67 sold.

Shares held by institutions198.5M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+5.8%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.6x · $2.0B debt

Shares outstandingLatest reported

172M

Why moderate risk

Losing money
Share count growing 5.8% a year
Debt above equity: 1.57x

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedFeb 26
Results filedNov 6, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 14 · View filing ↗Big holder 5%+ holder update (passive)Aug 12 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Option exerciseDouglas NairneGlobal Chief Operating Officer

7,000 shares

+15% of holdings
Now owns 54,457 shares
Filed 2 days after trade

Oct 20Form 4 ↗

Option exerciseJoelle M SmithPresident

16,498 shares

+44% of holdings
Now owns 53,822 shares
Filed 2 days after trade
Also: Shares withheld for taxes

Sep 16Form 4 ↗

5%+ holder update (passive)Aug 14 · Form SCHEDULE 13G/A ↗New insiderAug 14 · Form 3 ↗

SoldV (gp), L.l.c. SltaDirector, 10% owner

12,500,000 shares at $22.02 · $275.2M

-14% of holdings
Now owns 77,057,840 shares
Not a pre-planned sale
Held Held through SLP Fastball Aggregator, L.P.
Filed 2 days after trade
Also: Other transfer
Joint filing with 5 others

Aug 12Form 4 ↗

Offering prospectusAug 12 · Form 424B7 ↗Other company newsAug 12 · Form 8-K ↗5%+ holder update (passive)Aug 12 · Form SCHEDULE 13G/A ↗Shelf offering registrationAug 10 · Form S-3ASR ↗FWPAug 10 · Form FWP ↗Earnings resultsAug 6 · Form 8-K ↗Quarterly reportAug 6 · Form 10-Q ↗New 5%+ holder (passive)Jul 28 · Form SCHEDULE 13G ↗

SoldJames Lindsey ClarkDirector

4,921 shares at $15.69 · $77K

-8% of holdings
Now owns 56,844 shares
Pre-planned sale (10b5-1)
Filed 2 days after trade

Jun 8Form 4 ↗

Planned insider saleJun 8 · Form 144 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

Report a problem with this page