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
Download Data
Historic 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 |