First Advantage (FA) Cash from Operations (2020 - 2026)
First Advantage's (FA) quarterly Cash from Operations came in at $73.6 million in Q2 2026, up 97.07% on a YoY basis from $37.3 million in Q2 2025, and up 48.89% quarter-over-quarter from $49.4 million in Q1 2026.
Analysis
First Advantage (FA) Cash from Operations (2020 - 2026) Analysis & Trends
First Advantage (FA) has reported Cash from Operations for 7 consecutive years, with $73.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cash from Operations rose 97.07% year-over-year to $73.6 million; the trailing twelve-month figure through Jun 2026 stood at $261.3 million (up 1685.09% YoY), and the FY2025 full-year result was $195.1 million, up 592.03% from the prior year.
- Cash from Operations rose to $73.6 million in Q2 2026 per FA's latest filing, from $49.4 million in the prior quarter.
- Across five years, Cash from Operations topped out at $73.6 million in Q2 2026 and bottomed at -$85.7 million in Q4 2024.
- Historically, Cash from Operations has averaged $40.1 million across 5 years, with a median of $42.5 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Cash from Operations plunged 250.98% in 2024, then soared 176.97% in 2025.
- Over 5 years, Cash from Operations stood at $69.9 million in 2022, then dropped by 18.86% to $56.7 million in 2023, then slumped by 250.98% to -$85.7 million in 2024, then jumped by 176.97% to $65.9 million in 2025, then rose by 11.61% to $73.6 million in 2026.
- According to Business Quant data, Cash from Operations over the past three periods registered $73.6 million, $49.4 million, and $65.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 29.81 Bn | 27.51 Bn | 641.00 Mn | 234.00 Mn |
| 2 | SailPoint | 10.00 Bn | 9.60 Bn | 181.11 Mn | 38.24 Mn |
| 3 | Clear Secure | 4.31 Bn | 3.35 Bn | 276.82 Mn | 201.17 Mn |
| 4 | First Advantage | 3.50 Bn | 3.26 Bn | 203.99 Mn | 73.60 Mn |
| 5 | Cyberloq Technologies | 3.35 Bn | 3.35 Bn | - | -56,974.00 |
| 6 | Red Violet | 1.04 Bn | 986.67 Mn | 22.90 Mn | 10.64 Mn |
| 7 | Mitek Systems | 769.78 Mn | 670.07 Mn | 45.92 Mn | 27.16 Mn |
| 8 | OneSpan | 613.27 Mn | 569.93 Mn | 44.48 Mn | -103,000.00 |
| 9 | Intellicheck | 52.84 Mn | 41.00 Mn | 5.42 Mn | 1.80 Mn |
| 10 | Aware | 26.20 Mn | 23.30 Mn | 2.73 Mn | -2.76 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 |