Shares of First Advantage Corp. (FA) surged 9.59% in pre-market trading on Thursday following the company's announcement of robust third-quarter results that exceeded analyst expectations and an upward revision of its full-year 2025 guidance.

The provider of global software and data in the HR technology industry reported Q3 revenues of $409.2 million, surpassing the consensus estimate of $404.5 million. Adjusted EBITDA came in at $118.5 million, beating the expected $113.6 million, while adjusted net income reached $52.3 million, outperforming the anticipated $49.3 million.

Scott Staples, Chief Executive Officer of First Advantage, attributed the strong performance to successful go-to-market strategies, including new logo acquisition and upsell/cross-sell activities. The company witnessed strong momentum in retail, e-commerce, and transportation verticals, while its international business achieved year-over-year revenue growth for the sixth consecutive quarter. Additionally, the integration of Sterling Check Corp., acquired a year ago, is progressing ahead of schedule and delivering strategic and financial benefits as promised.

Buoying investor confidence further, First Advantage narrowed and raised its full-year 2025 guidance. The company now expects revenues between $1.535 billion and $1.570 billion, adjusted EBITDA of $430 million to $440 million, and adjusted net income of $170 million to $180 million. These refined projections, with midpoints at or above original guidance, reflect the company's strong year-to-date performance and positive momentum heading into the fourth quarter.