FIRST ADVANTAGE CORP (FA)

Nasdaq · Common Stock · Services-Computer Processing & Data Preparation

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

69 entities across 28 jurisdictions, 5 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-26 — see the exhibit.

Which other public companies file entities in the same places:

Delaware13 Australia7 United Kingdom4 India4 Hong Kong3 Singapore3 Philippines3 Netherlands3 China3 New Zealand2 Malaysia2 Florida2

Subsidiaries of FIRST ADVANTAGE CORP as disclosed in its SEC filing
Entity	Jurisdiction	Note
A-Check America, LLC	Delaware
AIM Screening Ltd.	New Zealand
AIM Screening Ltd. (HKG)	Hong Kong
AIM Screening (M) Sdn Bhd	Malaysia
AIM Screening Pte Ltd.	Singapore
AIM Screening Pty Ltd.	Australia
Bishops Services LLC	Delaware
Checkwell Decision Inc.	Philippines
Corporate Screening Services LLC	Ohio
Employment Background Investigation, LLC	Maryland
FADV (Australia) PTY Limited	Australia
FADV B.V.	Netherlands
FADV Cooperatief UA	Netherlands
FADV Malaysia Sdn. Bhd	Malaysia
Fastball Parent, Inc.	Delaware
First Advantage Acquisitions, Inc.	Delaware
First Advantage Australasia Pty Ltd.	Australia
First Advantage Australia Pty Ltd.	Australia
First Advantage Background Services Corp.	Florida
First Advantage BackTrack Reports, LLC	Delaware
First Advantage Bangladesh Ltd.	Bangladesh
First Advantage (Beijing) Co. Ltd	China
First Advantage Canada, Inc.	Canada
First Advantage Enterprise Screening Corporation	Delaware
First Advantage Europe Ltd.	United Kingdom
First Advantage Form I9 Compliance LLC	Delaware
First Advantage Global Operating Center Private Limited	India
First Advantage (HK) Limited	Hong Kong
First Advantage Holdings, LLC	Delaware
First Advantage Indian Holdings, LLC	Delaware
First Advantage Infinite ID LLC	New York
First Advantage Japan K.K.	Japan
First Advantage Limited	Hong Kong
First Advantage New Zealand Limited	New Zealand
First Advantage Occupational Health Services, LLC.	Florida
First Advantage Philippines, Inc.	Philippines
First Advantage Poland sp z.o.o.	Poland
First Advantage Priderock Holding Company, Inc.	Alabama
First Advantage Private Limited	India
First Advantage Pte. Ltd.	Singapore
First Advantage Quest Research Corporation	Cayman Islands	offshore centre
First Advantage Quest Research Group Ltd.	British Virgin Islands	offshore centre
First Advantage Quest Research Limited	British Virgin Islands	offshore centre
First Advantage Tax Consulting Services, LLC	Delaware
First Advantage U.S., LLC	Delaware
First Advantage (Zhuhai) Co.	China
First Hospital Laboratories, LLC	Virginia
IDASAN Singapore Pte Ltd.	Singapore
MultiLatin Advisors S.A. de CV	Mexico
National Credit Audit Corporation	Illinois
National Crime Check Pty Ltd.	Australia
RISQ Group Holdings Pty Ltd.	Australia
RISQ Group Management Consulting (Beijing) Co.	China
Sterling Asia Pacific Pty Ltd.	Australia
Sterling EMEA B.V	Netherlands
Sterling EMEA Holdings UK Ltd.	United Kingdom
Sterling (EMEA) Ltd.	United Kingdom
Sterling EMEA sp. z.o.o.	Poland
Sterling Information Resources Private Limited	India
Sterling Infosystems Brazil Ltda.	Brazil
Sterling Infosystems Colombia S.A.S.	Colombia
Sterling Infosystems Inc.	Delaware
Sterling Infosystems Mexico S.A. de C.V.	Mexico
Sterling Latin America Ltd.	United Kingdom
Sterling Talent Solutions Philippines, Inc.	Philippines
STS SID LLC	Delaware
TP Verify Screening Services LLP	India
Verify (Mauritius) Limited	Mauritius	offshore centre
Verify Limited	Mauritius	offshore centre

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

FAILReturn on assets positiveROA -0.9%
PASSOperating cash flow positiveOCF 195M
PASSReturn on assets improving-2.8% → -0.9%
PASSCash flow exceeds earningsOCF 195M vs NI -35M
FAILLong-term debt ratio falling54.1% → 54.3% of assets
PASSCurrent ratio improving1.90 → 2.44
FAILNo share dilution149M → 173M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.22× → 0.41×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$472.4M	−$47.5M	$67.5M	—	130,000,000
FY2021	$712.3M	$16.1M	$141.4M	—	141,687,384
FY2022	$810.0M	$64.6M	$206.6M	—	151,807,139
FY2023	$763.8M	$37.3M	$160.7M	—	146,226,096
FY2024	$860.2M	−$110.3M	$26.5M	—	148,582,226
FY2025	$1.6B	−$34.8M	$188.5M	—	173,199,004

Ownership flow

10 institutions tracked — 7 added, 3 reduced, 1 sold out. Index money added 7,503,146 shares while active managers cut 1,238,637.

Institutional holders of FIRST ADVANTAGE CORP and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	12,063,590	+6,073,445	$217.7M
FMR LLC	Active fund	7,652,905	−1,424,776	$138.1M
STATE STREET CORP	Index	3,220,986	+1,325,591	$58.1M
JPMORGAN CHASE & CO	Active fund	1,855,581	−1,035,957	$33.7M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	15,706,958	+594,857	$283.5M
Capital World Investors	Active fund	10,690,358	+291,644	$193.0M
MORGAN STANLEY	Active fund	1,020,872	+269,867	$18.4M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	163,588	+112,743	$3.0M
GEODE CAPITAL MANAGEMENT, LLC	Index	2,197,223	+104,110	$39.7M
BANK OF AMERICA CORP /DE/	Active fund	421,038	−47,015	$7.6M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q2: $18.9M
2026Q1: $19.7M
2023Q3: $3.6M
2023Q2: $27.3M
2023Q1: $25.5M
2022Q3: $2.2M

Identity

CIK: 0001210677
FIGI: BBG011J0CV21
SIC: 7374 · Services-Computer Processing & Data Preparation
Headquarters: ATLANTA, GA

Ownership

Institutional: 107.0%
Institutions: 270
Insiders: 2.6%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-computer processing & data preparation companies

FIRST ADVANTAGE CORP files under SIC 7374 — all 21 services-computer processing & data preparation companies compared on assets and F-score.

AUTOMATIC DATA PROCESSING INCADP Workday, Inc.WDAY DXC Technology CoDXC CLARIVATE PLCCLVT Reddit, Inc.RDDT EVERTEC, Inc.EVTC

Questions about FIRST ADVANTAGE CORP

How many subsidiaries does FIRST ADVANTAGE CORP file with the SEC?: 69, listed in its most recent exhibit 21. They are incorporated across 28 jurisdictions, led by Delaware, New Zealand, Hong Kong. 5 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is FIRST ADVANTAGE CORP financially healthy?: FIRST ADVANTAGE CORP scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of FIRST ADVANTAGE CORP?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are PRICE T ROWE ASSOCIATES INC /MD/ (adding), BlackRock, Inc. (adding), Capital World Investors (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

Download the terminal See pricing

Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

69 entities across 28 jurisdictions, 5 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-26 — see the exhibit.

Entity

Jurisdiction

Note

A-Check America, LLC

Delaware

AIM Screening Ltd.

New Zealand

AIM Screening Ltd. (HKG)

Hong Kong

AIM Screening (M) Sdn Bhd

Malaysia

AIM Screening Pte Ltd.

Singapore

AIM Screening Pty Ltd.

Australia

Bishops Services LLC

Delaware

Checkwell Decision Inc.

Philippines

Corporate Screening Services LLC

Ohio

Employment Background Investigation, LLC

Maryland

FADV (Australia) PTY Limited

Australia

FADV B.V.

Netherlands

FADV Cooperatief UA

Netherlands

FADV Malaysia Sdn. Bhd

Malaysia

Fastball Parent, Inc.

Delaware

First Advantage Acquisitions, Inc.

Delaware

First Advantage Australasia Pty Ltd.

Australia

First Advantage Australia Pty Ltd.

Australia

First Advantage Background Services Corp.

Florida

First Advantage BackTrack Reports, LLC

Delaware

First Advantage Bangladesh Ltd.

Bangladesh

First Advantage (Beijing) Co. Ltd

China

First Advantage Canada, Inc.

Canada

First Advantage Enterprise Screening Corporation

Delaware

First Advantage Europe Ltd.

United Kingdom

First Advantage Form I9 Compliance LLC

Delaware

First Advantage Global Operating Center Private Limited

India

First Advantage (HK) Limited

Hong Kong

First Advantage Holdings, LLC

Delaware

First Advantage Indian Holdings, LLC

Delaware

First Advantage Infinite ID LLC

New York

First Advantage Japan K.K.

Japan

First Advantage Limited

Hong Kong

First Advantage New Zealand Limited

New Zealand

First Advantage Occupational Health Services, LLC.

Florida

First Advantage Philippines, Inc.

Philippines

First Advantage Poland sp z.o.o.

Poland

First Advantage Priderock Holding Company, Inc.

Alabama

First Advantage Private Limited

India

First Advantage Pte. Ltd.

Singapore

First Advantage Quest Research Corporation

Cayman Islands

offshore centre

First Advantage Quest Research Group Ltd.

British Virgin Islands

offshore centre

First Advantage Quest Research Limited

British Virgin Islands

offshore centre

First Advantage Tax Consulting Services, LLC

Delaware

First Advantage U.S., LLC

Delaware

First Advantage (Zhuhai) Co.

China

First Hospital Laboratories, LLC

Virginia

IDASAN Singapore Pte Ltd.

Singapore

MultiLatin Advisors S.A. de CV

Mexico

National Credit Audit Corporation

Illinois

National Crime Check Pty Ltd.

Australia

RISQ Group Holdings Pty Ltd.

Australia

RISQ Group Management Consulting (Beijing) Co.

China

Sterling Asia Pacific Pty Ltd.

Australia

Sterling EMEA B.V

Netherlands

Sterling EMEA Holdings UK Ltd.

United Kingdom

Sterling (EMEA) Ltd.

United Kingdom

Sterling EMEA sp. z.o.o.

Poland

Sterling Information Resources Private Limited

India

Sterling Infosystems Brazil Ltda.

Brazil

Sterling Infosystems Colombia S.A.S.

Colombia

Sterling Infosystems Inc.

Delaware

Sterling Infosystems Mexico S.A. de C.V.

Mexico

Sterling Latin America Ltd.

United Kingdom

Sterling Talent Solutions Philippines, Inc.

Philippines

STS SID LLC

Delaware

TP Verify Screening Services LLP

India

Verify (Mauritius) Limited

Mauritius

offshore centre

Verify Limited

Mauritius

offshore centre

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

FAILReturn on assets positiveROA -0.9%
PASSOperating cash flow positiveOCF 195M
PASSReturn on assets improving-2.8% → -0.9%
PASSCash flow exceeds earningsOCF 195M vs NI -35M
FAILLong-term debt ratio falling54.1% → 54.3% of assets
PASSCurrent ratio improving1.90 → 2.44
FAILNo share dilution149M → 173M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.22× → 0.41×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$472.4M

−$47.5M

$67.5M

—

130,000,000

FY2021

$712.3M

$16.1M

$141.4M

—

141,687,384

FY2022

$810.0M

$64.6M

$206.6M

—

151,807,139

FY2023

$763.8M

$37.3M

$160.7M

—

146,226,096

FY2024

$860.2M

−$110.3M

$26.5M

—

148,582,226

FY2025

$1.6B

−$34.8M

$188.5M

—

173,199,004

Ownership flow

10 institutions tracked — 7 added, 3 reduced, 1 sold out. Index money added 7,503,146 shares while active managers cut 1,238,637.

Institutional holders of FIRST ADVANTAGE CORP and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	12,063,590	+6,073,445	$217.7M
FMR LLC	Active fund	7,652,905	−1,424,776	$138.1M
STATE STREET CORP	Index	3,220,986	+1,325,591	$58.1M
JPMORGAN CHASE & CO	Active fund	1,855,581	−1,035,957	$33.7M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	15,706,958	+594,857	$283.5M
Capital World Investors	Active fund	10,690,358	+291,644	$193.0M
MORGAN STANLEY	Active fund	1,020,872	+269,867	$18.4M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	163,588	+112,743	$3.0M
GEODE CAPITAL MANAGEMENT, LLC	Index	2,197,223	+104,110	$39.7M
BANK OF AMERICA CORP /DE/	Active fund	421,038	−47,015	$7.6M

Questions about FIRST ADVANTAGE CORP

How many subsidiaries does FIRST ADVANTAGE CORP file with the SEC?

69, listed in its most recent exhibit 21. They are incorporated across 28 jurisdictions, led by Delaware, New Zealand, Hong Kong. 5 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is FIRST ADVANTAGE CORP financially healthy?

FIRST ADVANTAGE CORP scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of FIRST ADVANTAGE CORP?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are PRICE T ROWE ASSOCIATES INC /MD/ (adding), BlackRock, Inc. (adding), Capital World Investors (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.