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Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Adjusted EBITDA Reconciled to Net Income

Reconciliations of Segment Adjusted EBITDA to net income (loss) for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands):

		Three Months Ended June 30, 2025
		First Advantage Americas				First Advantage International				Sterling				Total
Total revenues		$	163,504			$	25,920			$	203,743			$	393,167
Intersegment revenues			(643	)			(1,553	)			(338	)			(2,534	)
External revenues		$	162,861			$	24,367			$	203,405			$	390,633
Less:
Adjusted cost of services			82,994				14,530				112,621
Other segment items			29,250				7,050				32,776
Segment Adjusted EBITDA		$	51,260			$	4,340			$	58,346			$	113,946
Adjustments to reconcile to net income:
Interest expense, net															44,785
Benefit for income taxes															(7,610	)
Loss on extinguishment of debt															254
Depreciation and amortization															61,906
Share-based compensation															5,742
Transaction and acquisition-related charges (a)															2,390
Integration, restructuring, and other charges (b)															6,171
Net income														$	308

		Three Months Ended June 30, 2024
		First Advantage Americas				First Advantage International				Sterling				Total
Total revenues		$	162,378			$	24,187			$	—			$	186,565
Intersegment revenues			(416	)			(1,603	)			—				(2,019	)
External revenues		$	161,962			$	22,584			$	—			$	184,546
Less:
Adjusted cost of services			81,120				13,217				—
Other segment items			29,664				6,803				—
Segment Adjusted EBITDA		$	51,594			$	4,167			$	—			$	55,761
Adjustments to reconcile to net income:
Interest expense, net															7,353
Provision for income taxes															689
Depreciation and amortization															29,978
Share-based compensation															5,048
Transaction and acquisition-related charges (a)															9,873
Integration, restructuring, and other charges (b)															959
Net income														$	1,861

		Six Months Ended June 30, 2025
		First Advantage Americas				First Advantage International				Sterling				Total
Total revenues		$	308,857			$	49,695			$	391,261			$	749,813
Intersegment revenues			(1,134	)			(2,816	)			(642	)			(4,592	)
External revenues		$	307,723			$	46,879			$	390,619			$	745,221
Less:
Adjusted cost of services			157,177				28,378				217,423
Other segment items			60,113				13,611				67,053
Segment Adjusted EBITDA		$	91,567			$	7,706			$	106,785			$	206,058
Adjustments to reconcile to net loss:
Interest expense, net															91,365
Benefit for income taxes															(5,379	)
Loss on extinguishment of debt															254
Depreciation and amortization															123,572
Share-based compensation															13,709
Transaction and acquisition-related charges (a)															6,386
Integration, restructuring, and other charges (b)															17,037
Net loss														$	(40,886	)

		Six Months Ended June 30, 2024
		First Advantage Americas				First Advantage International				Sterling				Total
Total revenues		$	311,505			$	46,210			$	—			$	357,715
Intersegment revenues			(731	)			(3,022	)			—				(3,753	)
External revenues		$	310,774			$	43,188			$	—			$	353,962
Less:
Adjusted cost of services			157,190				26,054				—
Other segment items			59,052				13,100				—
Segment Adjusted EBITDA		$	95,263			$	7,056			$	—			$	102,319
Adjustments to reconcile to net loss:
Interest expense, net															10,923
Benefit for income taxes															(699	)
Depreciation and amortization															59,800
Share-based compensation															9,799
Transaction and acquisition-related charges (a)															21,865
Integration, restructuring, and other charges (b)															1,678
Net loss														$	(1,047	)

(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 three and six months ended June 30, 2025 include approximately $2.3 million and $6.1 million of expense, respectively, associated with the Sterling Acquisition. The three and six months ended June 30, 2024 include approximately $9.2 million and $20.3 million of expense, respectively, associated with the Sterling Acquisition, primarily consisting of legal, regulatory, and diligence professional service fees. The three and six months ended June 30, 2024 also include insurance costs incurred related to the Company's initial public offering.

(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. Integration, restructuring, and other charges for the three and six months ended June 30, 2025 include approximately $3.7 million and $11.6 million of expense, respectively, associated with the integration of Sterling.

Schedule of Revenues by Geographic Region

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

		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Revenues
United States		$	334,907			$	158,871			$	638,696			$	305,077
All other countries			55,726				25,675				106,525				48,885
Total revenues		$	390,633			$	184,546			$	745,221			$	353,962

Summary of Long Lived Assets by Geographical Area

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

		June 30, 2025				December 31, 2024
Long-lived assets, net
United States		$	2,907,711			$	2,996,933
All other countries			448,077				436,741
Total long-lived assets, net		$	3,355,788			$	3,433,674

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- Definition

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

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- Definition

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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-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
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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.

+ References

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-Topic 280
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