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Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Adjusted EBITDA Reconciled to Net Income

Reconciliations of Segment Adjusted EBITDA to net (loss) income for the years ended December 31, 2024, 2023, and 2022 are as follows (in thousands):

		Year Ended December 31, 2024
		First Advantage Americas				First Advantage International				Sterling				Total
Total revenues		$	658,758			$	96,854			$	113,068			$	868,680
Intersegment revenues			(1,867	)			(6,439	)			(169	)			(8,475	)
External revenues		$	656,891			$	90,415			$	112,899			$	860,205
Less:
Adjusted cost of services			335,181				53,726				67,827
Other segment items			112,587				25,934				24,123
Segment Adjusted EBITDA		$	210,990			$	17,194			$	21,118			$	249,302
Adjustments to reconcile to net loss:
Interest expense, net															51,848
Benefit for income taxes															(4,342	)
Depreciation and amortization															145,919
Loss on extinguishment of debt															383
Share-based compensation															31,762
Transaction and acquisition-related charges (a)															128,234
Integration, restructuring, and other charges (b)															5,771
Net loss														$	(110,273	)

		Year Ended December 31, 2023
		First Advantage Americas				First Advantage International				Sterling				Total
Total revenues		$	673,075			$	96,832			$	—			$	769,907
Intersegment revenues			(970	)			(5,176	)			—				(6,146	)
External revenues		$	672,105			$	91,656			$	—			$	763,761
Less:
Adjusted cost of services			338,797				54,892				—
Other segment items			112,633				26,029				—
Segment Adjusted EBITDA		$	221,645			$	15,911			$	—			$	237,556
Adjustments to reconcile to net income:
Interest expense, net															33,040
Provision for income taxes															11,183
Depreciation and amortization															129,473
Share-based compensation															15,265
Transaction and acquisition-related charges (a)															4,364
Integration, restructuring, and other charges (b)															6,938
Net income														$	37,293

		Year Ended December 31, 2022
		First Advantage Americas				First Advantage International				Sterling				Total
Total revenues		$	694,865			$	122,599			$	—			$	817,464
Intersegment revenues			(1,710	)			(5,731	)			—				(7,441	)
External revenues		$	693,155			$	116,868			$	—			$	810,023
Less:
Adjusted cost of services			355,623				64,805				—
Other segment items			117,587				30,539				—
Segment Adjusted EBITDA		$	221,655			$	27,255			$	—			$	248,910
Adjustments to reconcile to net income:
Interest expense, net															9,199
Provision for income taxes															20,475
Depreciation and amortization															138,246
Share-based compensation															7,856
Transaction and acquisition-related charges (a)															6,018
Integration, restructuring, and other charges (b)															2,512
Net income														$	64,604

(a)Represents charges incurred related to acquisitions and similar transactions, primarily consisting of change in control-related costs, professional service fees, and other third-party costs. Transaction and acquisition related charges for the year ended December 31, 2024 include approximately $125.7 million of expense associated with the acquisition of Sterling, primarily consisting of $41.2 million of compensation expense attributable to converted Sterling equity awards, of which $38.9 million related to accelerated vesting for employees terminated after the acquisition, $45.8 million of legal, regulatory, integration, and diligence professional service fees, $16.5 million in debt refinancing costs, $10.7 million in post-combination restructuring expenses, $9.5 million in success-based banking fees, and $2.0 million of other one-time transaction charges. Also includes incremental professional service fees incurred related to the initial public offering and the subsequent one-time compliance efforts. The year ended December 31, 2022 includes a transaction bonus expense related to one of the Company’s 2021 acquisitions.

(b)Represents charges from organizational restructuring and integration activities, non-cash, and other charges primarily related to nonrecurring legal exposures, foreign currency (gains) losses, (gains) losses on the sale of assets, and other non-recurring items.

Schedule of Revenues by Geographic Region

The following summarizes revenues by geographical region (in thousands):

		Year Ended December 31,
		2024				2023				2022
Revenues
United States		$	740,506			$	660,583			$	679,037
All other countries			119,699				103,178				130,986
Total revenues		$	860,205			$	763,761			$	810,023

Summary of Long Lived Assets by Geographical Area

The following table sets forth net long-lived assets by geographic area (in thousands):

		December 31,
		2024				2023
Long-lived assets, net
United States		$	2,996,933			$	1,083,318
All other countries			436,741				168,068
Total long-lived assets, net		$	3,433,674			$	1,251,386

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Tabular disclosure of the reconciliation of adjusted EBITDA from reportable segments to the consolidated income (loss).

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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