First Advantage (FA) Cost of Revenue (2020 - 2026)
First Advantage (FA) reported Cost of Revenue of $244.77 million for Q2 2026, up 17.8% from $207.84 million a year earlier and up 15.8% from the prior quarter.
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Analysis
First Advantage (FA) Cost of Revenue (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, First Advantage's Cost of Revenue came in at $911.08 million, up 36.0% year-over-year; for FY2025, it was $855.31 million, up 90.5% from FY2024.
- Cost of Revenue has a five-year compound annual growth rate of 28.9% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $448.91 million in FY2024 (+16.1%), $386.78 million in FY2023 (-5.4%), $408.93 million in FY2022 (+16.1%) and $352.17 million in FY2021 (+46.6%).
- The Q2 2026 figure ranks as the highest quarterly Cost of Revenue in data going back to Q2 2020.
- Year over year, Cost of Revenue has now increased in each of the last seven quarters, with growth averaging 62.2% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q2 2025 (growth of 125.1%); the low point was Q2 2023 (a decline of 7.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $211.41 million (Q1 2026), $232.86 million (Q4 2025) and $222.04 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 310.15 Bn | 295.22 Bn | 2.30 Bn | 1.11 Bn |
| 2 | CrowdStrike Holdings | 263.73 Bn | 244.17 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 132.04 Bn | 117.97 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Snowflake | 114.70 Bn | 102.02 Bn | 1.04 Bn | 510.08 Mn |
| 5 | Datadog | 96.79 Bn | 78.43 Bn | 881.34 Mn | 240.11 Mn |
| 6 | Zscaler | 41.60 Bn | 27.72 Bn | - | - |
| 7 | Okta | 35.61 Bn | 25.70 Bn | 641.00 Mn | 164.00 Mn |
| 8 | Axon Enterprise | 34.15 Bn | 28.67 Bn | 546.45 Mn | 357.94 Mn |
| 9 | MongoDB | 29.89 Bn | 20.36 Bn | 569.77 Mn | 202.01 Mn |
| 10 | First Advantage | 3.65 Bn | 2.73 Bn | 203.99 Mn | 244.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 244.77 Mn |
| Mar 31, 2026 | 211.41 Mn |
| Dec 31, 2025 | 232.86 Mn |
| Sep 30, 2025 | 222.04 Mn |
| Jun 30, 2025 | 207.84 Mn |
| Mar 31, 2025 | 192.57 Mn |
| Dec 31, 2024 | 168.49 Mn |
| Sep 30, 2024 | 100.88 Mn |
| Jun 30, 2024 | 92.35 Mn |
| Mar 31, 2024 | 87.19 Mn |
| Dec 31, 2023 | 101.31 Mn |
| Sep 30, 2023 | 101.41 Mn |
| Jun 30, 2023 | 93.00 Mn |
| Mar 31, 2023 | 91.06 Mn |
| Dec 31, 2022 | 107.91 Mn |
| Sep 30, 2022 | 104.30 Mn |
| Jun 30, 2022 | 100.29 Mn |
| Mar 31, 2022 | 96.43 Mn |
| Dec 31, 2021 | 107.21 Mn |
| Sep 30, 2021 | 94.15 Mn |
API Access
First Advantage Cost of Revenue 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=cost-of-revenue&ticker=FA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=FA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();