First Advantage (FA) Cash from Operations (2020 - 2026)
First Advantage (FA) posted Cash from Operations of $73.6 million for Q2 2026, up 97.1% from $37.35 million a year earlier and up 48.9% from the prior quarter.
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Analysis
First Advantage (FA) Cash from Operations (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cash from Operations at First Advantage was $261.34 million; for FY2025, it was $195.13 million, up 592.0% from FY2024.
- Annual Cash from Operations shows a five-year compound annual growth rate of 21.8% (FY2020 to FY2025).
- In prior years, First Advantage's Cash from Operations was $28.2 million in FY2024 (-82.7%), $162.82 million in FY2023 (-23.5%), $212.77 million in FY2022 (+43.1%) and $148.68 million in FY2021 (+104.1%).
- The Q2 2026 figure stands as the highest quarterly Cash from Operations in data going back to Q3 2020.
- On a year-over-year basis, Cash from Operations increased in five of the last six quarters, with growth averaging 51.9%.
- The strongest year-over-year quarter for Cash from Operations in the past five years was Q1 2026, with growth of 153.9%; the weakest was Q1 2025, with a decline of 49.2%.
- According to Business Quant data, Cash from Operations for the three prior quarters was $49.43 million (Q1 2026), $65.94 million (Q4 2025) and $72.37 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.42 Bn | 240.49 Bn | 2.30 Bn | 1.36 Bn |
| 2 | CrowdStrike Holdings | 232.07 Bn | 212.47 Bn | 1.10 Bn | 530.27 Mn |
| 3 | Fortinet | 125.35 Bn | 111.28 Bn | 1.64 Bn | 1.04 Bn |
| 4 | Snowflake | 111.63 Bn | 98.94 Bn | 1.04 Bn | 91.36 Mn |
| 5 | Datadog | 91.35 Bn | 72.99 Bn | 881.34 Mn | 315.87 Mn |
| 6 | Zscaler | 34.43 Bn | 20.55 Bn | - | - |
| 7 | Okta | 33.87 Bn | 23.97 Bn | 641.00 Mn | 234.00 Mn |
| 8 | Axon Enterprise | 31.65 Bn | 26.18 Bn | 546.45 Mn | 20.08 Mn |
| 9 | MongoDB | 29.46 Bn | 19.93 Bn | 569.77 Mn | 141.88 Mn |
| 10 | First Advantage | 3.35 Bn | 2.43 Bn | 203.99 Mn | 73.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.60 Mn |
| Mar 31, 2026 | 49.43 Mn |
| Dec 31, 2025 | 65.94 Mn |
| Sep 30, 2025 | 72.37 Mn |
| Jun 30, 2025 | 37.35 Mn |
| Mar 31, 2025 | 19.47 Mn |
| Dec 31, 2024 | -85.67 Mn |
| Sep 30, 2024 | 43.49 Mn |
| Jun 30, 2024 | 32.04 Mn |
| Mar 31, 2024 | 38.33 Mn |
| Dec 31, 2023 | 56.74 Mn |
| Sep 30, 2023 | 34.36 Mn |
| Jun 30, 2023 | 33.12 Mn |
| Mar 31, 2023 | 38.60 Mn |
| Dec 31, 2022 | 69.93 Mn |
| Sep 30, 2022 | 46.43 Mn |
| Jun 30, 2022 | 54.83 Mn |
| Mar 31, 2022 | 41.58 Mn |
| Dec 31, 2021 | 64.82 Mn |
| Sep 30, 2021 | 27.76 Mn |
API Access
First Advantage Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=FA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "FA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=FA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();