First Advantage (FA) Debt Ratio (2020 - 2026)
First Advantage's (FA) quarterly Debt Ratio came in at 0.54 in Q2 2026, down 2.93% on a YoY basis from 0.56 in Q2 2025, and down 0.94% quarter-over-quarter from 0.55 in Q1 2026.
Analysis
First Advantage (FA) Debt Ratio (2020 - 2026) Analysis & Trends
First Advantage (FA) has reported Debt Ratio for 7 consecutive years, with 0.54 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio fell 2.93% year-over-year to 0.54; the trailing twelve-month figure through Jun 2026 stood at 0.54 (down 2.93% YoY), and the FY2025 full-year result was 0.54, down 2.59% from the prior year.
- Debt Ratio declined to 0.54 in Q2 2026 per FA's latest filing, from 0.55 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.56 in Q1 2025 and bottomed at 0.29 in Q3 2022.
- Historically, Debt Ratio has averaged 0.41 across 5 years, with a median of 0.34 in 2024.
- The sharpest annual moves came in 2022 and 2025: Debt Ratio retreated 3.3% in 2022, then jumped 64.37% in 2025.
- Over 5 years, Debt Ratio stood at 0.3 in 2022, then climbed by 17.33% to 0.35 in 2023, then jumped by 60.83% to 0.56 in 2024, then slipped by 2.59% to 0.54 in 2025, then rose by 0.03% to 0.54 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.54, 0.55, and 0.54 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 29.81 Bn | 27.51 Bn | 641.00 Mn | - |
| 2 | SailPoint | 10.00 Bn | 9.60 Bn | 181.11 Mn | - |
| 3 | Clear Secure | 4.31 Bn | 3.35 Bn | 276.82 Mn | - |
| 4 | First Advantage | 3.50 Bn | 3.26 Bn | 203.99 Mn | 0.54 |
| 5 | Cyberloq Technologies | 3.35 Bn | 3.35 Bn | - | 0.15 |
| 6 | Red Violet | 1.04 Bn | 986.67 Mn | 22.90 Mn | - |
| 7 | Mitek Systems | 769.78 Mn | 670.07 Mn | 45.92 Mn | 0.14 |
| 8 | OneSpan | 613.27 Mn | 569.93 Mn | 44.48 Mn | 0.01 |
| 9 | Intellicheck | 52.84 Mn | 41.00 Mn | 5.42 Mn | - |
| 10 | Aware | 26.20 Mn | 23.30 Mn | 2.73 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.54 |
| Mar 31, 2026 | 0.55 |
| Dec 31, 2025 | 0.54 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.56 |
| Mar 31, 2025 | 0.56 |
| Dec 31, 2024 | 0.56 |
| Sep 30, 2024 | 0.34 |
| Jun 30, 2024 | 0.34 |
| Mar 31, 2024 | 0.34 |
| Dec 31, 2023 | 0.35 |
| Sep 30, 2023 | 0.34 |
| Jun 30, 2023 | 0.30 |
| Mar 31, 2023 | 0.30 |
| Dec 31, 2022 | 0.30 |
| Sep 30, 2022 | 0.29 |
| Jun 30, 2022 | 0.29 |
| Mar 31, 2022 | 0.29 |
| Dec 31, 2021 | 0.29 |
| Sep 30, 2021 | 0.30 |