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

First Advantage (FA) Research & Development (2020 - 2026)

First Advantage's (FA) quarterly Research & Development came in at $27.3 million in Q2 2026, up 6.19% on a YoY basis from $25.7 million in Q2 2025, and up 10.81% quarter-over-quarter from $24.6 million in Q1 2026.

Analysis

First Advantage (FA) Research & Development (2020 - 2026) Analysis & Trends

First Advantage (FA) has reported Research & Development for 7 consecutive years, with $27.3 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development rose 6.19% year-over-year to $27.3 million; the trailing twelve-month figure through Jun 2026 stood at $100.9 million (up 11.48% YoY), and the FY2025 full-year result was $101.9 million, up 59.6% from the prior year.
  • Research & Development rose to $27.3 million in Q2 2026 per FA's latest filing, from $24.6 million in the prior quarter.
  • Across five years, Research & Development topped out at $27.3 million in Q2 2026 and bottomed at $10.9 million in Q4 2023.
  • Historically, Research & Development has averaged $17.7 million across 5 years, with a median of $13.5 million in 2022.
  • The sharpest annual moves came in 2024 and 2026: Research & Development soared 127.43% in 2024, then slipped 9.39% in 2026.
  • Over 5 years, Research & Development stood at $12.0 million in 2022, then slipped by 8.97% to $10.9 million in 2023, then jumped by 127.43% to $24.8 million in 2024, then declined by 3.55% to $23.9 million in 2025, then grew by 14.15% to $27.3 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $27.3 million, $24.6 million, and $23.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Okta 29.81 Bn 27.51 Bn 641.00 Mn 273.00 Mn
2 SailPoint 10.00 Bn 9.60 Bn 181.11 Mn 154.28 Mn
3 Clear Secure 4.31 Bn 3.35 Bn 276.82 Mn 17.77 Mn
4 First Advantage 3.50 Bn 3.26 Bn 203.99 Mn 27.27 Mn
5 Cyberloq Technologies 3.35 Bn 3.35 Bn - 10,412.00
6 Red Violet 1.04 Bn 986.67 Mn 22.90 Mn 5.75 Mn
7 Mitek Systems 769.78 Mn 670.07 Mn 45.92 Mn 10.03 Mn
8 OneSpan 613.27 Mn 569.93 Mn 44.48 Mn 13.07 Mn
9 Intellicheck 52.84 Mn 41.00 Mn 5.42 Mn 1.37 Mn
10 Aware 26.20 Mn 23.30 Mn 2.73 Mn 2.53 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 27.27 Mn
Mar 31, 2026 24.61 Mn
Dec 31, 2025 23.89 Mn
Sep 30, 2025 25.14 Mn
Jun 30, 2025 25.68 Mn
Mar 31, 2025 27.16 Mn
Dec 31, 2024 24.77 Mn
Sep 30, 2024 12.91 Mn
Jun 30, 2024 13.68 Mn
Mar 31, 2024 12.47 Mn
Dec 31, 2023 10.89 Mn
Sep 30, 2023 13.11 Mn
Jun 30, 2023 12.64 Mn
Mar 31, 2023 12.62 Mn
Dec 31, 2022 11.96 Mn
Sep 30, 2022 13.25 Mn
Jun 30, 2022 12.95 Mn
Mar 31, 2022 13.77 Mn
Dec 31, 2021 11.96 Mn
Sep 30, 2021 11.31 Mn