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Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

FIRST ADVANTAGE CORPORATION

(PARENT COMPANY ONLY)

CONDENSED BALANCE SHEETS

(in thousands, except share and per share data)


		As of December 31,
		2021				2020
ASSETS
Investments in subsidiaries		$	1,120,832			$	792,394
LIABILITIES AND EQUITY
Liabilities		$	—			$	—
EQUITY
Common stock - $0.001 par value; 1,000,000,000 shares authorized, 152,901,040 and 130,000,000 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively			153				130
Additional paid-in-capital			1,153,757				837,272
Accumulated deficit			(31,441	)			(47,492	)
Accumulated other comprehensive income			(1,637	)			2,484
Total equity			1,120,832				792,394
TOTAL LIABILITIES AND EQUITY		$	1,120,832			$	792,394

Condensed Statements of Operations and Comprehensive (Loss)

FIRST ADVANTAGE CORPORATION (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)

(in thousands, except share and per share data)


		For the Year Ended December 31, 2021				For the Year Ended December 31, 2020				For the Period from November 15 through December 31, 2019
Equity in net income (loss) of subsidiaries		$	16,051			$	(47,492	)		$	—
NET INCOME (LOSS)			16,051				(47,492	)			—
Foreign currency translation adjustments			(4,121	)			2,484				—
COMPREHENSIVE INCOME (LOSS)		$	11,930			$	(45,008	)		$	—

NET INCOME (LOSS)		$	16,051			$	(47,492	)		$	—
Basic net income (loss) per share		$	0.11			$	(0.37	)		$	—
Diluted net income (loss) per share		$	0.11			$	(0.37	)		$	—
Weighted average number of shares outstanding - basic			140,480,590				130,000,000				130,000,000
Weighted average number of shares outstanding - diluted			141,687,384				130,000,000				130,000,000