First Advantage (FA) Net Cash Flow (2020 - 2026)
First Advantage's (FA) quarterly Net Cash Flow came in at $13.1 million in Q2 2026, up 38.24% on a YoY basis from $9.5 million in Q2 2025, and up 248.32% quarter-over-quarter from -$8.8 million in Q1 2026.
Analysis
First Advantage (FA) Net Cash Flow (2020 - 2026) Analysis & Trends
First Advantage (FA) has reported Net Cash Flow for 7 consecutive years, with $13.1 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Cash Flow rose 38.24% year-over-year to $13.1 million; the trailing twelve-month figure through Jun 2026 stood at $62.6 million (up 171.48% YoY), and the FY2025 full-year result was $70.2 million, up 264.39% from the prior year.
- Net Cash Flow grew to $13.1 million in Q2 2026 per FA's latest filing, from -$8.8 million in the prior quarter.
- Across five years, Net Cash Flow topped out at $48.8 million in Q4 2023 and bottomed at -$233.8 million in Q3 2023.
- Historically, Net Cash Flow has averaged -$2.3 million across 5 years, with a median of $14.1 million in 2022.
- The sharpest annual moves came in 2023 and 2024: Net Cash Flow slumped 695.72% in 2023, then soared 2756.59% in 2024.
- Over 5 years, Net Cash Flow stood at $3.5 million in 2022, then jumped by 1283.01% to $48.8 million in 2023, then sank by 378.55% to -$136.0 million in 2024, then jumped by 117.19% to $23.4 million in 2025, then tumbled by 43.88% to $13.1 million in 2026.
- According to Business Quant data, Net Cash Flow over the past three periods registered $13.1 million, -$8.8 million, and $23.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 29.81 Bn | 27.51 Bn | 641.00 Mn | 4.00 Mn |
| 2 | SailPoint | 10.00 Bn | 9.60 Bn | 181.11 Mn | 32.52 Mn |
| 3 | Clear Secure | 4.31 Bn | 3.35 Bn | 276.82 Mn | -42.52 Mn |
| 4 | First Advantage | 3.50 Bn | 3.26 Bn | 203.99 Mn | 13.12 Mn |
| 5 | Cyberloq Technologies | 3.35 Bn | 3.35 Bn | - | 39,877.00 |
| 6 | Red Violet | 1.04 Bn | 986.67 Mn | 22.90 Mn | 6.52 Mn |
| 7 | Mitek Systems | 769.78 Mn | 670.07 Mn | 45.92 Mn | 21.01 Mn |
| 8 | OneSpan | 613.27 Mn | 569.93 Mn | 44.48 Mn | -6.33 Mn |
| 9 | Intellicheck | 52.84 Mn | 41.00 Mn | 5.42 Mn | 1.78 Mn |
| 10 | Aware | 26.20 Mn | 23.30 Mn | 2.73 Mn | -1.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.12 Mn |
| Mar 31, 2026 | -8.85 Mn |
| Dec 31, 2025 | 23.38 Mn |
| Sep 30, 2025 | 34.97 Mn |
| Jun 30, 2025 | 9.49 Mn |
| Mar 31, 2025 | 2.40 Mn |
| Dec 31, 2024 | -136.03 Mn |
| Sep 30, 2024 | 36.53 Mn |
| Jun 30, 2024 | 24.79 Mn |
| Mar 31, 2024 | 31.99 Mn |
| Dec 31, 2023 | 48.83 Mn |
| Sep 30, 2023 | -233.84 Mn |
| Jun 30, 2023 | -933,000.00 |
| Mar 31, 2023 | 8.35 Mn |
| Dec 31, 2022 | 3.53 Mn |
| Sep 30, 2022 | 39.25 Mn |
| Jun 30, 2022 | 47.17 Mn |
| Mar 31, 2022 | 15.07 Mn |
| Dec 31, 2021 | 16.86 Mn |
| Sep 30, 2021 | 18.28 Mn |