First Advantage annual net debt
2020
2021
2022
2023
2024
2025
First Advantage Net Debt Growth & History (FA)
First Advantage's net debt was $1.85B for fiscal 2025.
View full First Advantage company overviewFirst Advantage annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.85B | −$139.1M | −6.99% |
| 2024 | 2024-12-31 | $1.99B | $1.63B | +461.31% |
| 2023 | 2023-12-31 | $354.2M | $175.9M | +98.66% |
| 2022 | 2022-12-31 | $178.3M | −$83.9M | −32.00% |
| 2021 | 2021-12-31 | $262.2M | −$370.3M | −58.54% |
| 2020 | 2020-12-31 | $632.5M | — | — |
First Advantage quarterly net debt
Q4.20
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.80B | −$149.9M | −7.67% |
| Q1 2026 | 2026-03-31 | $1.84B | −$139.8M | −7.06% |
| Q4 2025 | 2025-12-31 | $1.85B | −$139.1M | −6.99% |
| Q3 2025 | 2025-09-30 | $1.90B | $1.64B | +631.17% |
| Q2 2025 | 2025-06-30 | $1.95B | $1.66B | +555.92% |
| Q1 2025 | 2025-03-31 | $1.98B | $1.66B | +513.72% |
| Q4 2024 | 2024-12-31 | $1.99B | $1.63B | +461.31% |
| Q3 2024 | 2024-09-30 | $259.4M | −$142.4M | −35.44% |
| Q2 2024 | 2024-06-30 | $297.8M | $127.9M | +75.31% |
| Q1 2024 | 2024-03-31 | $322.5M | $153.2M | +90.51% |
| Q4 2023 | 2023-12-31 | $354.2M | $175.9M | +98.66% |
| Q3 2023 | 2023-09-30 | $401.7M | $219.6M | +120.59% |
| Q2 2023 | 2023-06-30 | $169.8M | −$52.2M | −23.50% |
| Q1 2023 | 2023-03-31 | $169.3M | −$97.5M | −36.54% |
| Q4 2022 | 2022-12-31 | $178.3M | −$83.9M | −32.00% |
| Q3 2022 | 2022-09-30 | $182.1M | −$96.8M | −34.70% |
| Q2 2022 | 2022-06-30 | $222.0M | −$74.8M | −25.21% |
| Q1 2022 | 2022-03-31 | $266.7M | — | — |
| Q4 2021 | 2021-12-31 | $262.2M | −$370.3M | −58.54% |
| Q3 2021 | 2021-09-30 | $278.9M | — | — |
| Q2 2021 | 2021-06-30 | $296.8M | — | — |
| Q4 2020 | 2020-12-31 | $632.5M | — | — |
First Advantage net debt trends
Over the last five fiscal years, First Advantage's net debt increased from $632.5M to $1.85B, a change of $1.22B. The latest reported quarter, Q2 2026, shows $1.80B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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