First Advantage annual free cash flow
2019
2020
2021
2022
2023
2024
2025
First Advantage Free Cash Flow (FCF) History (FA)
First Advantage reported $188.5M in free cash flow for fiscal 2025, an increase of 611.94% from the previous fiscal year, with a free cash flow margin of 11.97%.
View full First Advantage company overviewFirst Advantage free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $188.5M | $162.0M | +611.94% | +11.97% |
| 2024 | 2024-12-31 | $26.5M | −$134.3M | −83.53% | +3.08% |
| 2023 | 2023-12-31 | $160.7M | −$45.9M | −22.20% | +21.05% |
| 2022 | 2022-12-31 | $206.6M | $65.2M | +46.15% | +25.51% |
| 2021 | 2021-12-31 | $141.4M | $73.8M | +109.28% | +19.85% |
| 2020 | 2020-12-31 | $67.5M | $2.5M | +3.91% | +14.30% |
| 2019 | 2019-12-31 | $65.0M | — | — | +13.49% |
First Advantage quarterly free cash flow
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $68.9M | $32.8M | +90.92% | +15.36% |
| Q1 2026 | 2026-03-31 | $46.6M | $27.6M | +145.54% | +12.10% |
| Q4 2025 | 2025-12-31 | $62.2M | $148.2M | — | +14.80% |
| Q3 2025 | 2025-09-30 | $71.2M | $28.2M | +65.39% | +17.41% |
| Q2 2025 | 2025-06-30 | $36.1M | $4.7M | +15.03% | +9.24% |
| Q1 2025 | 2025-03-31 | $19.0M | −$19.0M | −50.05% | +5.35% |
| Q4 2024 | 2024-12-31 | −$86.0M | −$142.5M | — | −28.00% |
| Q3 2024 | 2024-09-30 | $43.1M | $9.8M | +29.55% | +21.63% |
| Q2 2024 | 2024-06-30 | $31.4M | −$1.1M | −3.33% | +17.01% |
| Q1 2024 | 2024-03-31 | $38.0M | −$549,000 | −1.42% | +22.43% |
| Q4 2023 | 2023-12-31 | $56.5M | −$13.3M | −19.12% | +27.87% |
| Q3 2023 | 2023-09-30 | $33.2M | −$12.3M | −27.03% | +16.59% |
| Q2 2023 | 2023-06-30 | $32.5M | −$20.1M | −38.22% | +17.53% |
| Q1 2023 | 2023-03-31 | $38.6M | −$117,000 | −0.30% | +21.97% |
| Q4 2022 | 2022-12-31 | $69.8M | $6.5M | +10.36% | +32.83% |
| Q3 2022 | 2022-09-30 | $45.6M | $19.7M | +76.18% | +22.12% |
| Q2 2022 | 2022-06-30 | $52.6M | $22.6M | +75.32% | +26.08% |
| Q1 2022 | 2022-03-31 | $38.7M | $16.4M | +73.66% | +20.37% |
| Q4 2021 | 2021-12-31 | $63.2M | $50.4M | +391.89% | +29.76% |
| Q3 2021 | 2021-09-30 | $25.9M | — | — | +13.41% |
| Q2 2021 | 2021-06-30 | $30.0M | — | — | +17.15% |
| Q1 2021 | 2021-03-31 | $22.3M | — | — | +16.86% |
| Q3 2020 | 2020-09-30 | $12.9M | — | — | +9.40% |
First Advantage free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $67.5M to $188.5M, a compound annual growth rate of 22.78%. First Advantage's latest reported quarter, Q2 2026, generated $68.9M in free cash flow, an increase of 90.92% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review First Advantage filings at SEC.gov ↗