First Advantage Corporation (FA): History, Ownership, Mission, How It Works & Makes Money

Ever wondered who's ensuring the safety and compliance of today's workforce? What if I told you one company processes over 65 million international background screens annually? This blog post dives into First Advantage Corporation (NASDAQ: FA), a leading global provider of technology solutions for screening, verifications, safety, and compliance related to human capital, to explore its history, ownership, mission, how it operates, and how it generates revenue.

First Advantage Corporation (FA) History

First Advantage Founding Timeline

Year established

The company was established in 2003.

Original location

The original location is not explicitly mentioned in the provided context.

Founding team members

Information about the specific founding team members is not available in the provided context.

Initial capital/funding

Details regarding the initial capital or funding are not available in the provided context.

First Advantage Evolution Milestones

First Advantage Transformative Moments

• Strategic Acquisitions: The company has grown significantly through strategic acquisitions, such as LexisNexis Screening Solutions and MultiLatin Corporation, expanding its service offerings and global reach.
• Technological Investments: Investments in technology, particularly highlighted by the appointment of Mark Frodsham as CTO, have driven innovation and the development of advanced screening solutions.
• Leadership Changes: The appointment of Scott Staples as CEO marked a transformative moment, bringing new leadership and strategic direction to the company.
• Rebranding Initiative: The rebranding to First Advantage in 2018 was a pivotal moment, signaling a renewed focus on technology-driven solutions and customer experience.
• Going Public: The IPO in 2021 marked a significant milestone, providing capital for further expansion and innovation.

To gain more insights into the company's financial stability, consider exploring: Breaking Down First Advantage Corporation (FA) Financial Health: Key Insights for Investors

First Advantage Corporation (FA) Ownership Structure

First Advantage Corporation has a mix of institutional and retail ownership, influencing its corporate governance and strategic direction.

First Advantage Corporation's Current Status

First Advantage Corporation is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange.

First Advantage Corporation's Ownership Breakdown

Institutional investors and company insiders hold a significant percentage of First Advantage Corporation's shares. Here's a breakdown:

First Advantage Corporation's Leadership

The leadership team guides First Advantage Corporation's strategic direction and operational execution. Key members of the leadership team as of April 2025 include:

• Scott Staples: Chief Executive Officer
• David W.сат: Chief Financial Officer
• Beth A. Simcox: Chief Legal Officer

To learn more about the company's guiding principles, visit: Mission Statement, Vision, & Core Values of First Advantage Corporation (FA).

First Advantage Corporation (FA) Mission and Values

First Advantage Corporation is dedicated to providing comprehensive screening solutions, driven by a commitment to accuracy, innovation, and customer satisfaction. Their core values emphasize integrity, collaboration, and a relentless pursuit of excellence in helping businesses make informed decisions.

First Advantage Corporation's Core Purpose

Official mission statement

While a specific, stand-alone mission statement is not explicitly declared in recent official filings, First Advantage's purpose can be inferred from its operational objectives and values. The company focuses on:

• Delivering comprehensive background screening, identity, and compliance solutions.
• Helping organizations mitigate risks and make informed decisions.
• Providing accurate, reliable, and actionable information.

Vision statement

First Advantage aims to be a leading global provider of screening solutions, highlighted by:

• Leveraging innovative technology to enhance accuracy and efficiency.
• Expanding its global footprint to serve a diverse clientele.
• Creating safer workplaces and communities through informed decision-making.

Company slogan/tagline

Though a specific slogan isn't prominently featured, the essence of First Advantage's brand messaging revolves around:

• 'Accuracy and Reliability in Screening Solutions.'
• 'Empowering Decisions with Comprehensive Insights.'
• 'Your Partner in Risk Mitigation and Compliance.'

To gain more insight into the ownership and investor perspective, explore: Exploring First Advantage Corporation (FA) Investor Profile: Who’s Buying and Why?

First Advantage Corporation (FA) How It Works

First Advantage Corporation specializes in providing technology solutions for screening, verifications, safety, and compliance solutions. They primarily assist corporate entities in making informed decisions regarding risk mitigation and compliance adherence.

First Advantage Corporation's Product/Service Portfolio

First Advantage Corporation's Operational Framework

First Advantage operates through a technology-driven framework that emphasizes accuracy, speed, and compliance. Their operational processes include:

• Data Integration: Aggregating data from numerous sources, including government records, educational institutions, and employers.
• Technology Platform: Utilizing a proprietary platform to manage and process background screening requests, ensuring efficiency and accuracy.
• Compliance Management: Adhering to various legal and regulatory requirements, such as the Fair Credit Reporting Act (FCRA), to protect consumer rights and ensure data privacy.
• Customer Support: Providing support to clients through online portals, customer service teams, and compliance experts.
• Global Reach: Offering services in multiple countries, necessitating compliance with international laws and regulations.

First Advantage Corporation's Strategic Advantages

First Advantage's strategic advantages stem from their technology, data resources, and compliance expertise:

• Advanced Technology: Investment in cutting-edge technology to automate and streamline the screening process, reducing turnaround times and improving accuracy.
• Extensive Data Network: Access to a vast network of data sources, enabling comprehensive and reliable background checks.
• Compliance Expertise: Deep understanding of regulatory requirements, helping clients navigate complex legal landscapes and minimize risk.
• Scalability: Ability to handle large volumes of screening requests, catering to both small businesses and large enterprises.
• Customer Relationships: Strong relationships with clients, built on trust and a track record of delivering high-quality services.

For more information, you might find this resource helpful: Mission Statement, Vision, & Core Values of First Advantage Corporation (FA).

First Advantage Corporation (FA) How It Makes Money

First Advantage Corporation primarily generates revenue by providing technology solutions for screening, verifications, safety, and compliance solutions. These solutions assist organizations in making informed decisions regarding risk management and human capital.

First Advantage Corporation's Revenue Breakdown

First Advantage Corp. [FA] operates primarily through two reportable segments. These are: Screening Solutions and Verification Solutions.

First Advantage Corporation's Business Economics

First Advantage's business economics are influenced by several key factors:

• Pricing Strategies: First Advantage employs a tiered pricing model. Their pricing is dependent on the depth and breadth of the services required, and the volume of screenings.
• Market Demand: Demand for First Advantage's services is closely tied to employment rates, regulatory changes, and the overall economic climate. An expanding job market typically leads to increased demand for background screening services.
• Operating Leverage: First Advantage benefits from operating leverage. They benefit from spreading fixed costs across a larger volume of transactions. This can lead to improved profitability as revenue increases.

First Advantage Corporation's Financial Performance

Here are some key highlights of First Advantage's financial performance:

• For the fiscal year 2024, First Advantage reported revenue of $753.4 million, which represents an increase of 4.4% compared to the $721.5 million in revenue in 2023.
• Net income for 2024 was $40.7 million, compared to $37.3 million in 2023.
• Adjusted EBITDA for 2024 was $178.8 million, compared to $174.2 million in 2023.

To gain more insights into the financial health of First Advantage, consider reading this detailed analysis: Breaking Down First Advantage Corporation (FA) Financial Health: Key Insights for Investors

First Advantage Corporation (FA) Market Position & Future Outlook

First Advantage (FA) is strategically positioned to leverage its comprehensive background screening solutions, with a focus on technological innovation and global expansion to maintain a competitive edge. The company's future outlook is shaped by its ability to capitalize on market opportunities while effectively managing potential risks.

Competitive Landscape

Opportunities & Challenges

Industry Position

First Advantage holds a significant position in the background screening industry, characterized by:

• A strong global presence, enabling it to serve multinational corporations effectively.
• A comprehensive suite of services, ranging from criminal record checks to employment verification.
• Technological innovation, including AI-driven solutions, enhancing efficiency and accuracy.

To gain a deeper understanding of the company's financial stability and growth potential, explore Breaking Down First Advantage Corporation (FA) Financial Health: Key Insights for Investors.