First Advantage (FA) Shares Outstanding (2020 - 2026)
First Advantage (FA) recorded Shares Outstanding of 171.75 million in Q2 2026, down 0.9% from 173.29 million a year earlier and down 1.2% from the prior quarter.
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Analysis
First Advantage (FA) Shares Outstanding (2020 - 2026) Analysis & Trends
For FY2025, First Advantage reported Shares Outstanding of 173.2 million, up 16.6% from FY2024.
- Annual Shares Outstanding has a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 148.58 million in FY2024 (+3.1%), 144.08 million in FY2023 (-4.1%), 150.23 million in FY2022 (+6.9%) and 140.48 million in FY2021 (+8.1%).
- The Q2 2026 figure is the lowest quarterly Shares Outstanding since Q4 2024.
- On a year-over-year basis, Shares Outstanding rose in seven of the last eight quarters, with growth averaging 10.2%.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 20.5% in Q2 2025, against a decline of 5.1% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 173.9 million (Q1 2026), 173.2 million (Q4 2025) and 173.56 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 257.84 Bn | 242.91 Bn | 2.30 Bn | 749.00 Mn |
| 2 | CrowdStrike Holdings | 233.39 Bn | 213.79 Bn | 1.10 Bn | 1.02 Bn |
| 3 | Fortinet | 126.64 Bn | 112.57 Bn | 1.64 Bn | 733.10 Mn |
| 4 | Snowflake | 111.87 Bn | 99.19 Bn | 1.04 Bn | 349.26 Mn |
| 5 | Datadog | 92.04 Bn | 73.68 Bn | 881.34 Mn | 356.25 Mn |
| 6 | Zscaler | 34.10 Bn | 20.22 Bn | - | 160.22 Mn |
| 7 | Okta | 33.30 Bn | 23.39 Bn | 641.00 Mn | 174.30 Mn |
| 8 | Axon Enterprise | 32.17 Bn | 26.70 Bn | 546.45 Mn | 80.57 Mn |
| 9 | MongoDB | 29.07 Bn | 19.54 Bn | 569.77 Mn | 80.50 Mn |
| 10 | First Advantage | 3.35 Bn | 2.43 Bn | 203.99 Mn | 171.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 171.75 Mn |
| Mar 31, 2026 | 173.90 Mn |
| Dec 31, 2025 | 173.20 Mn |
| Sep 30, 2025 | 173.56 Mn |
| Jun 30, 2025 | 173.29 Mn |
| Mar 31, 2025 | 172.76 Mn |
| Dec 31, 2024 | 148.58 Mn |
| Sep 30, 2024 | 144.10 Mn |
| Jun 30, 2024 | 143.86 Mn |
| Mar 31, 2024 | 143.59 Mn |
| Dec 31, 2023 | 144.08 Mn |
| Sep 30, 2023 | 143.23 Mn |
| Jun 30, 2023 | 144.11 Mn |
| Mar 31, 2023 | 145.86 Mn |
| Dec 31, 2022 | 150.23 Mn |
| Sep 30, 2022 | 150.93 Mn |
| Jun 30, 2022 | 150.75 Mn |
| Mar 31, 2022 | 150.54 Mn |
| Dec 31, 2021 | 140.48 Mn |
| Sep 30, 2021 | 149.94 Mn |
API Access
First Advantage Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=FA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "FA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=FA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();