First Advantage (FA) Operating Expenses (2020 - 2026)
First Advantage's (FA) quarterly Operating Expenses came in at $351.7 million in Q1 2026, up 1.36% YoY from $347.0 million in Q1 2025, and down 6.25% on a QoQ basis from $375.1 million in Q4 2025.
First Advantage (FA) Operating Expenses (2020 - 2026) Analysis & Trends
First Advantage (FA) has 7 years of Operating Expenses data on file, last reported at $351.7 million in Q1 2026.
- Quarterly Operating Expenses rose 1.36% year-over-year to $351.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 31.58% YoY) and the FY2025 annual result came in at $1.4 billion, up 56.29% from the prior year.
- Operating Expenses slipped to $351.7 million in Q1 2026, from $375.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $387.8 million in Q4 2024 to a low of $164.2 million in Q1 2023.
- A 5-year average of $242.0 million and a median of $180.3 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses decreased 6.21% — and 2024, when it soared 123.93%.
- Tracing FA's Operating Expenses over 5 years: stood at $183.9 million in 2022, then decreased by 5.8% to $173.2 million in 2023, then jumped by 123.93% to $387.8 million in 2024, then decreased by 3.26% to $375.1 million in 2025, then decreased by 6.25% to $351.7 million in 2026.
- The last three Operating Expenses figures came in at $351.7 million (Q1 2026), $375.1 million (Q4 2025), and $366.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 792.12 Mn |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 772.78 Mn |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 2.98 Bn |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 1.09 Bn |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 4.84 Bn |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 267.00 Mn |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 230.36 Mn |
| 10 | First Advantage | 3.66 Bn | 3.42 Bn | 203.99 Mn | 391.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |