First Advantage (FA) investor relations material

Company transformation and market positioning

• Evolved from a background screening provider to a global data and software leader addressing all aspects of human capital risk, including digital identity and right-to-work compliance.

• Operates at significant scale, conducting 205 million screening checks for 80,000 customers and generating $1.6 billion in revenue in 2025.

• Integrated with over 105 leading HCM and ATS platforms, serving large enterprise clients globally.

• Built proprietary networks for court records, drug testing, and fingerprinting, creating strong data moats.

• Focused on compliance and regulatory requirements, leveraging proprietary data and human-in-the-loop workflows.

AI, data, and risk management

• Utilizes over 1 billion proprietary records to train AI models, emphasizing the importance of regulated, accurate data sources.

• AI is positioned as an enabler, not a disruptor, with strict adherence to regulations like FCRA and state/international laws.

• Human agents remain central to decision-making due to legal requirements, ensuring defensible and auditable outcomes.

• Investments in proprietary data and platforms have been built over decades, supporting robust compliance and decisioning.

Digital identity and fraud prevention

• Rising identity fraud, including deepfakes, is driving demand for high-margin digital identity solutions.

• Digital identity products are increasingly linked with full screening programs, expanding pipeline opportunities.

• Persistent Identity use cases now extend post-hire, with enterprises rescreening employees more frequently due to ongoing fraud risks.

• Gig economy clients are adopting continuous selfie checks, with up to 24 million daily verifications to ensure platform integrity.