First Advantage FA
NASDAQ FA
$20.41 -0.14 (-0.68%)
As of: Sep 10, 2026 · 3:59 PM EDT

First Advantage (FA) Operating Expenses (2020 - 2026)

First Advantage's (FA) quarterly Operating Expenses came in at $391.7 million in Q2 2026, up 11.01% on a YoY basis from $352.9 million in Q2 2025, and up 11.39% quarter-over-quarter from $351.7 million in Q1 2026.

Analysis

First Advantage (FA) Operating Expenses (2020 - 2026) Analysis & Trends

First Advantage (FA) has reported Operating Expenses for 7 consecutive years, with $391.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 11.01% year-over-year to $391.7 million; the trailing twelve-month figure through Jun 2026 stood at $1.5 billion (up 16.26% YoY), and the FY2025 full-year result was $1.4 billion, up 56.29% from the prior year.
  • Operating Expenses advanced to $391.7 million in Q2 2026 per FA's latest filing, from $351.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $391.7 million in Q2 2026 and bottomed at $164.2 million in Q1 2023.
  • Historically, Operating Expenses has averaged $250.3 million across 5 years, with a median of $182.1 million in 2022.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses slipped 6.21% in 2023, then jumped 123.93% in 2024.
  • Over 5 years, Operating Expenses stood at $183.9 million in 2022, then dropped by 5.8% to $173.2 million in 2023, then soared by 123.93% to $387.8 million in 2024, then dropped by 3.26% to $375.1 million in 2025, then rose by 4.42% to $391.7 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $391.7 million, $351.7 million, and $375.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Okta 29.81 Bn 27.51 Bn 641.00 Mn 534.00 Mn
2 SailPoint 10.00 Bn 9.60 Bn 181.11 Mn 260.94 Mn
3 Clear Secure 4.31 Bn 3.35 Bn 276.82 Mn 90.25 Mn
4 First Advantage 3.50 Bn 3.26 Bn 203.99 Mn 391.74 Mn
5 Cyberloq Technologies 3.35 Bn 3.35 Bn - 115,283.00
6 Red Violet 1.04 Bn 986.67 Mn 22.90 Mn 20.62 Mn
7 Mitek Systems 769.78 Mn 670.07 Mn 45.92 Mn 42.49 Mn
8 OneSpan 613.27 Mn 569.93 Mn 44.48 Mn 35.74 Mn
9 Intellicheck 52.84 Mn 41.00 Mn 5.42 Mn 4.85 Mn
10 Aware 26.20 Mn 23.30 Mn 2.73 Mn 5.99 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 391.74 Mn
Mar 31, 2026 351.68 Mn
Dec 31, 2025 375.15 Mn
Sep 30, 2025 366.91 Mn
Jun 30, 2025 352.90 Mn
Mar 31, 2025 346.97 Mn
Dec 31, 2024 387.80 Mn
Sep 30, 2024 190.01 Mn
Jun 30, 2024 174.64 Mn
Mar 31, 2024 170.14 Mn
Dec 31, 2023 173.18 Mn
Sep 30, 2023 177.15 Mn
Jun 30, 2023 167.68 Mn
Mar 31, 2023 164.23 Mn
Dec 31, 2022 183.85 Mn
Sep 30, 2022 180.33 Mn
Jun 30, 2022 178.78 Mn
Mar 31, 2022 172.78 Mn
Dec 31, 2021 187.21 Mn
Sep 30, 2021 168.48 Mn