Record Performance Yet... U.S. Background Check Leader Slips Over 7%

First Advantage Corp. (NASDAQ: FA) plunged about 7.4% on the Nasdaq on the 17th, closing at $15.48. Its market capitalization now stands at roughly $2.65 billion (around KRW 3.7 trillion), meaning the company lost approximately $182 million (about KRW 250 billion) in value in a single day.

In its Q1 2026 results released on May 7, First Advantage reported revenue of $385.2 million, up 8.6% year-over-year, and achieved a net profit of $2.2 million, turning profitable. The company also posted adjusted EBITDA of $105.3 million, representing a 27.3% margin. While First Advantage reaffirmed its full-year 2026 guidance, its share price has remained weak and volatile as investors continue to recalibrate their valuation expectations. (investors.fadv.com)

Founded in 2003 and headquartered in Atlanta, First Advantage is a global software and data company providing background screening and identity-verification solutions—ranging from pre-employment criminal and employment history checks to digital identity verification, drug and health screenings, and ongoing risk monitoring. The company conducts over 200 million screenings annually worldwide and serves approximately 80,000 clients, including about two-thirds of the Fortune 100, making it a leading provider in HR and risk management. (firstadvantagecorp.gcs-web.com)