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

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

Historic Data

Download Data
DateValue
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