First Advantage Corporation released its financial results for the fourth quarter and full year ended December 31, 2024, on February 27, 2025. For the full year 2024, revenues reached $860.2 million, an increase of 13% from 2023. The company reported a net loss of $(110.3) million, which included $130.5 million of expenses related to the Sterling acquisition.
Adjusted Net Income for the full year was $123.7 million, and Adjusted EBITDA was $249.3 million, representing an Adjusted EBITDA Margin of 29.0%. GAAP Diluted Net Loss Per Share was $(0.74), with $0.66 per share attributed to Sterling acquisition expenses. These results reflect the initial financial impact of the significant acquisition.
For the full year 2025, First Advantage issued guidance projecting revenues between $1.5 billion and $1.6 billion. Adjusted EBITDA is expected to be between $410 million and $450 million, with Adjusted Diluted Earnings Per Share anticipated to range from $0.86 to $1.03. This guidance incorporates the increased scale from the Sterling acquisition and expected synergy benefits.
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