FA Q2 2023 Earnings — First Advantage Corporation Revenue & Financial Results | Market Cap Arena

FAFirst Advantage Corporation

$2B

Q2 2023 Earnings

Industrials Specialty Business Services

Income Statement

Revenue

$185M-8.1% YoY

Gross Profit

$92M49.8% margin

Operating Income

$18M9.5% margin

Net Income

$10M5.3% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+5.6%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

$26M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$744M

Stockholders' Equity

$1.1B

Cash & Equivalents

$399M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$185M	$202M	-8.1%
Gross Profit	$92M	$101M	-8.8%
Operating Income	$18M	$23M	-22.6%
Net Income	$10M	$14M	-31.3%

Geographic Segments

Americas

$163M100%