First Advantage (FA) Operating Leases (2022 - 2026)
First Advantage's (FA) quarterly Operating Leases came in at $4.2 million in Q2 2026, down 43.38% on a YoY basis from $7.3 million in Q2 2025, and down 14.54% quarter-over-quarter from $4.9 million in Q1 2026.
Analysis
First Advantage (FA) Operating Leases (2022 - 2026) Analysis & Trends
First Advantage (FA) has reported Operating Leases for 5 consecutive years, with $4.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Leases fell 43.38% year-over-year to $4.2 million; the trailing twelve-month figure through Jun 2026 stood at $4.2 million (down 43.38% YoY), and the FY2025 full-year result was $5.5 million, down 39.61% from the prior year.
- Operating Leases retreated to $4.2 million in Q2 2026 per FA's latest filing, from $4.9 million in the prior quarter.
- Across five years, Operating Leases topped out at $11.6 million in Q1 2022 and bottomed at $3.8 million in Q3 2023.
- Historically, Operating Leases has averaged $6.9 million across 5 years, with a median of $6.2 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Leases sank 61.33% in 2023, then jumped 54.26% in 2024.
- Over 5 years, Operating Leases stood at $7.9 million in 2022, then slipped by 24.72% to $5.9 million in 2023, then surged by 54.26% to $9.1 million in 2024, then slumped by 39.61% to $5.5 million in 2025, then decreased by 24.8% to $4.2 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $4.2 million, $4.9 million, and $5.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Okta | 29.81 Bn | 27.51 Bn | 641.00 Mn |
| 2 | SailPoint | 10.00 Bn | 9.60 Bn | 181.11 Mn |
| 3 | Clear Secure | 4.31 Bn | 3.35 Bn | 276.82 Mn |
| 4 | First Advantage | 3.50 Bn | 3.26 Bn | 203.99 Mn |
| 5 | Cyberloq Technologies | 3.35 Bn | 3.35 Bn | - |
| 6 | Red Violet | 1.04 Bn | 986.67 Mn | 22.90 Mn |
| 7 | Mitek Systems | 769.78 Mn | 670.07 Mn | 45.92 Mn |
| 8 | OneSpan | 613.27 Mn | 569.93 Mn | 44.48 Mn |
| 9 | Intellicheck | 52.84 Mn | 41.00 Mn | 5.42 Mn |
| 10 | Aware | 26.20 Mn | 23.30 Mn | 2.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.16 Mn |
| Mar 31, 2026 | 4.86 Mn |
| Dec 31, 2025 | 5.53 Mn |
| Sep 30, 2025 | 6.41 Mn |
| Jun 30, 2025 | 7.34 Mn |
| Mar 31, 2025 | 7.92 Mn |
| Dec 31, 2024 | 9.15 Mn |
| Sep 30, 2024 | 4.34 Mn |
| Jun 30, 2024 | 4.96 Mn |
| Mar 31, 2024 | 5.63 Mn |
| Dec 31, 2023 | 5.93 Mn |
| Sep 30, 2023 | 3.85 Mn |
| Jun 30, 2023 | 5.73 Mn |
| Mar 31, 2023 | 6.67 Mn |
| Dec 31, 2022 | 7.88 Mn |
| Sep 30, 2022 | 9.95 Mn |
| Jun 30, 2022 | 11.51 Mn |
| Mar 31, 2022 | 11.58 Mn |