FAFIRST ADVANTAGE CORP
Services-Computer Processing & Data Preparation
- Revenue
- $1.6B
- 83% YoY
- Operating margin
- 8.4%
- 216% YoY
- EBITDA
- $244M
- 1549% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 7.7×
- $1.9B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear30% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired57% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $712M | $810M | $764M | $860M | $1.6B | 83% |
| Operating income | $64M | $94M | $82M | −$62M | $132M | 312% |
| Net income | $16M | $65M | $37M | −$110M | −$35M | 68% |
| Operating cash flow | $149M | $213M | $163M | $28M | $195M | 592% |
| Capex | $7M | $6M | $2M | $2M | $7M | 286% |
| Stock-based comp | $10M | $8M | $15M | $32M | $24M | 23% |
| Buybacks | — | $61M | $59M | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $21K · 2
- Net
- −$21K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $1M | −$1M | 82 | 112 |
| FY2024 | $617K | $4M | 106 | 92 |
| FY2023 | $705K | $11M | 94 | 92 |
| FY2022 | $758K | −$14M | 66 | 80 |
| FY2021 | $7M | $39M | 97 | 101 |