First Advantage Corp (NASDAQ: FA)

First Advantage Corporation is a global software and data company that provides identity solutions criminal background screening credential verifications drug and health screening and continuous risk monitoring. It combines AI powered proprietary technology platforms with proprietary data primary source data and third party data to help organizations hire with confidence and manage risk across the employee lifecycle. The company transforms screening data into actionable intelligence through benchmarking insights and continuous monitoring that support smarter workforce decisions. First Advantage conducts more than 200 million screens each year across over 200 countries and territories and maintains a proprietary database that contains over 1 billion records covering criminal education and work history information.

First Advantage generates revenue by selling identity verification background screening drug testing and continuous monitoring services to employers. Its offerings include pre employment checks post employment monitoring and adjacent products such as fleet compliance hiring tax credits and investigative research. The company serves a diverse client base across multiple industries and earns fees based on volume of screens or subscription agreements. In the fiscal year ended December 31 2025 approximately 86% of revenue was generated in the United States while the remaining 14% came from international operations.

First Advantage holds a strong position in the identity verification and background screening industry due to its AI powered technology extensive proprietary database of over 1 billion records and fast turnaround times. The company competes with large global providers and niche specialist firms but differentiates itself through its compliance expertise scalable platform and long term customer relationships. Its ability to integrate with over 100 third party human capital management systems and deliver data driven insights further strengthens its competitive edge. First Advantage also benefits from a highly recognizable brand and a history of innovation that includes recent advances such as digital biometric identity verification synthetic intelligence detection and continuous criminal monitoring.

First Advantage serves over 80,000 customers worldwide including about two thirds of the Fortune 100. Its client base spans healthcare transportation and logistics retail and e commerce financial services manufacturing and industrials general staffing technology media and entertainment hospitality business and professional services and the gig economy. The company maintains a gross retention rate of approximately 96% and reports an average tenure of over 13 years for its top 100 customers. Additionally First Advantage employees over 9,500 staff across 19 countries supporting its global operations.