First Advantage (FA) Gross Margin (2020 - 2026)
First Advantage's (FA) quarterly Gross Margin came in at 45.46% in Q2 2026, down 134.0% on a YoY basis from 133.7% in Q2 2025, and up 0.75% quarter-over-quarter from 45.12% in Q1 2026.
Analysis
First Advantage (FA) Gross Margin (2020 - 2026) Analysis & Trends
First Advantage (FA) has reported Gross Margin for 7 consecutive years, with 45.46% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 134.0% year-over-year to 45.46%; the trailing twelve-month figure through Jun 2026 stood at 45.22% (down 126.0% YoY), and the FY2025 full-year result was 45.67%, down 214.0% from the prior year.
- Gross Margin improved to 45.46% in Q2 2026 per FA's latest filing, from 45.12% in the prior quarter.
- Across five years, Gross Margin topped out at 50.24% in Q2 2022 and bottomed at 44.56% in Q4 2025.
- Historically, Gross Margin has averaged 47.87% across 5 years, with a median of 48.87% in 2022.
- The sharpest annual moves came in 2023 and 2024: Gross Margin soared 74 bps in 2023, then tumbled 485 bps in 2024.
- Over 5 years, Gross Margin stood at 49.24% in 2022, then rose by 2 bps to 49.99% in 2023, then dropped by 10 bps to 45.14% in 2024, then declined by 1 bps to 44.56% in 2025, then climbed by 2 bps to 45.46% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 45.46%, 45.12%, and 44.56% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 29.81 Bn | 27.51 Bn | 641.00 Mn | 79.63% |
| 2 | SailPoint | 10.00 Bn | 9.60 Bn | 181.11 Mn | 64.65% |
| 3 | Clear Secure | 4.31 Bn | 3.35 Bn | 276.82 Mn | 99.66% |
| 4 | First Advantage | 3.50 Bn | 3.26 Bn | 203.99 Mn | 45.46% |
| 5 | Cyberloq Technologies | 3.35 Bn | 3.35 Bn | - | - |
| 6 | Red Violet | 1.04 Bn | 986.67 Mn | 22.90 Mn | 85.71% |
| 7 | Mitek Systems | 769.78 Mn | 670.07 Mn | 45.92 Mn | 84.98% |
| 8 | OneSpan | 613.27 Mn | 569.93 Mn | 44.48 Mn | 73.57% |
| 9 | Intellicheck | 52.84 Mn | 41.00 Mn | 5.42 Mn | 91.30% |
| 10 | Aware | 26.20 Mn | 23.30 Mn | 2.73 Mn | 84.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.46% |
| Mar 31, 2026 | 45.12% |
| Dec 31, 2025 | 44.56% |
| Sep 30, 2025 | 45.73% |
| Jun 30, 2025 | 46.79% |
| Mar 31, 2025 | 45.69% |
| Dec 31, 2024 | 45.14% |
| Sep 30, 2024 | 49.34% |
| Jun 30, 2024 | 49.96% |
| Mar 31, 2024 | 48.53% |
| Dec 31, 2023 | 49.99% |
| Sep 30, 2023 | 49.39% |
| Jun 30, 2023 | 49.82% |
| Mar 31, 2023 | 48.12% |
| Dec 31, 2022 | 49.24% |
| Sep 30, 2022 | 49.37% |
| Jun 30, 2022 | 50.24% |
| Mar 31, 2022 | 49.22% |
| Dec 31, 2021 | 49.56% |
| Sep 30, 2021 | 51.18% |