FA Q1 2023 Earnings — First Advantage Corporation Revenue & Financial Results | Market Cap Arena

FAFirst Advantage Corporation

$2B

Q1 2023 Earnings

Industrials Specialty Business Services

Income Statement

Revenue

$176M-7.6% YoY

Gross Profit

$84M48.1% margin

Operating Income

$11M6.4% margin

Net Income

$2M1.1% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

-17.4%

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$33M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$740M

Stockholders' Equity

$1.1B

Cash & Equivalents

$400M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$176M	$190M	-7.6%
Gross Profit	$84M	$93M	-9.6%
Operating Income	$11M	$17M	-34.0%
Net Income	$2M	$13M	-85.2%

Geographic Segments

Americas

$152M100%