NASDAQ$FA

First Advantage Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a strong third quarter with significant revenue growth and improved profitability.

First Advantage reported strong Q3 2021 results, with revenues up 41.0% to $192.9 million and net income of $16.3 million, compared to a net loss in the prior year. The company also announced two acquisitions and raised its full-year 2021 guidance.

  • Revenues increased by 41.0% to $192.9 million compared to the prior year period.
  • Net income was $16.3 million, a significant improvement from the net loss of $3.5 million in the prior year period.
  • Adjusted EBITDA increased by 47.7% to $63.9 million compared to the prior year period.
  • The company raised full-year 2021 guidance for revenues, Adjusted EBITDA, and Adjusted Net Income.

Headline financials

Total Revenue

$193M

Previous: $137M+41.0%
EPS (adj)

$0.28

Previous: -$0.03+1033.3%
Adjusted EBITDA

$63.9M

Previous: $43.3M+47.6%
Adjusted EBITDA Margin

33.2%

Previous: 31.6%+5.1%
Adjusted Net Income

$42.2M

Previous: $22.3M+89.2%
Adjusted Diluted EPS

$0.28

Previous: $0.17+64.7%
Capital Expenditures

-$5.74M

Previous: $1.36M-522.6%
Free Cash Flow

$10.5M

Previous: $12.9M-18.0%
Net Income

$16.3M

Previous: -$3.45M+571.8%
Operating Income

$24.4M

Previous: $5.29M+361.1%
Gross Profit

$193M

Previous: $69.3M+178.3%
Cash & Equivalents

$276M

Previous: $124M+122.6%
Total Assets

$1.86B

No prior period
Stock-Based Comp

$1.34M

Previous: $530K+153.4%

Revenue & EPS history

First Advantage · Revenue · Quarterly

$193M

Q3 2021+41%vs Q3 2020
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Forward guidance

First Advantage raised its full year 2021 guidance ranges for revenues to $680 to $686 million, Adjusted EBITDA to $208 to $211 million, and Adjusted Net Income to $125 to $128 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+7.9%

Avg return

Earnings day

+6.8%

Avg return

5 days after

+7.3%

Avg return

30 days after

76%

19 / 25 earnings

Positive

+23.0%

Q1 2026

Best reaction

-12.4%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+23.0%+21.3%+24.1%
Q4 2025+22.8%+24.3%+17.1%
Q3 2025+6.8%+2.8%+7.0%
Q1 2025+19.0%+19.1%+21.4%
Q4 2024-12.4%-25.7%-25.0%
Q3 2024-3.0%-5.8%+5.2%
Q2 2024+3.2%+5.0%+15.1%
Q1 2024-1.5%-0.7%+1.4%
Q4 2023-6.1%-4.6%-3.7%
Q3 2023+2.2%+5.2%+17.4%
Q2 2023+6.4%+7.1%-8.3%
Q1 2023+0.2%+4.8%+9.5%
Q4 2022+1.4%+2.7%+4.1%
Q3 2022+11.6%+18.4%+29.3%
Q2 2022-2.8%+2.5%-3.0%
Q1 2022-5.4%-1.9%-9.4%
Q4 2019+10.4%+11.0%+1.2%
Q4 2021+10.4%+11.0%+1.2%
Q3 2021+3.3%-4.9%-15.2%
Q3 2020+3.3%-4.9%-15.2%
Q4 2020+20.9%+16.5%+21.9%
Q1 2021+20.9%+16.5%+21.9%
Q2 2020+20.9%+16.5%+21.9%
Q2 2021+20.9%+16.5%+21.9%
Q1 2020+20.9%+16.5%+21.9%

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