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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |