ADV on Nasdaq
Advantage Solutions Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-3.6%Operating margin3
-6.4%Net margin3
-0.7%Revenue growth, 20253
-41.1%Return on equity3
3.00×Debt to equity3
$55.1MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
North America brought in 51% of the revenue Advantage Solutions Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| North America | $3.4B | $3.4B | $3.4B |
| United States | $3.2B | $3.1B | $3.1B |
| Asia Pacific | $125.6M | $145.6M | $163.2M |
| Europe | $6.5M | $7.8M | $11.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin8¢$276.1M
- Other costs91¢$3.2B
- Income tax1¢$37.6M
Out of $3.5B in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending11¢$6.5M
- Share buybacks1¢$869.0K
- Kept or used elsewhere88¢$54.2M
Out of $61.5M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $3.5B | $3.6B | $3.9B |
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | $3.0B | $3.1B | $3.4B |
| Selling, general, and administrative expenses | $276.1M | $324.6M | $250.2M |
| Impairment of goodwill and indefinite-lived asset | $203.7M | $275.2M | $43.5M |
| Depreciation and amortization | $202.3M | $204.6M | $208.9M |
| Income from investment in European joint venture and other | -$7.5M | -$2.1M | -$5.2M |
| Gain on legal matters | -$25.7M | $0 | $0 |
| Gain on divestitures and deconsolidation of subsidiaries | -$28.0M | $0 | -$58.9M |
| Total operating expenses | $3.7B | $3.9B | $3.9B |
| Operating (loss) income from continuing operations | -$126.5M | -$295.0M | $46.6M |
| Change in fair value of warrant liabilities | -$83.0K | -$584.0K | -$286.0K |
| Interest expense, net | $138.9M | $146.8M | $165.7M |
| Total other expenses, net | $138.9M | $146.2M | $165.4M |
| Loss from continuing operations before benefit from income taxes | -$265.3M | -$441.2M | -$118.9M |
| Benefit from income taxes from continuing operations | -$37.6M | -$62.8M | -$37.6M |
| Net loss from continuing operations | -$227.7M | -$378.4M | -$81.2M |
| Net income from discontinued operations, net of tax | $0 | $53.6M | $20.8M |
| Net loss | -$227.7M | -$324.8M | -$60.4M |
| Less: net income from continuing operations attributable to noncontrolling interest, net of tax | $0 | $0 | $2.3M |
| Less: net income from discontinued operations attributable to noncontrolling interest, net of tax | $0 | $2.2M | $594.0K |
| Net loss attributable to stockholders of Advantage Solutions Inc. | -$227.7M | -$327.0M | -$63.3M |
| Basic loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc. | -$1 | -$1 | -$0 |
| Basic income per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc. | $0 | $0 | $0 |
| Diluted loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc. | -$1 | -$1 | -$0 |
| Diluted income per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc. | $0 | $0 | $0 |
| Basic | 324.6M shares | 321.5M shares | 323.7M shares |
| Diluted | 324.6M shares | 321.5M shares | 323.7M shares |
| Foreign currency translation adjustments | $11.7M | -$9.5M | $5.8M |
| Total comprehensive loss attributable to stockholders of Advantage Solutions Inc. | -$216.0M | -$336.4M | -$57.5M |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $240.8M | $205.2M | $120.8M |
| Restricted cash | $12.1M | $15.5M | |
| Accounts receivable, net of allowance for expected credit losses of $16,771 and $13,047, respectively | $595.0M | $603.1M | |
| Prepaid expenses and other current assets | $124.6M | $86.9M | |
| Total current assets | $972.6M | $910.7M | |
| Property, equipment, and capitalized software, net | $115.9M | $97.8M | |
| Goodwill | $438.9M | $477.0M | $710.2M |
| Other intangible assets, net | $993.9M | $1.3B | |
| Investments in unconsolidated affiliates | $234.1M | $226.5M | |
| Other assets | $38.0M | $61.9M | |
| Total assets | $2.8B | $3.1B | |
| Current portion of long-term debt | $13.2M | $13.2M | |
| Accounts payable | $162.4M | $158.5M | |
| Accrued compensation and benefits | $121.1M | $129.5M | |
| Other accrued expenses | $105.4M | $134.7M | |
| Deferred revenues | $30.5M | $24.2M | |
| Total current liabilities | $432.6M | $460.1M | |
| Long-term debt, net of current portion | $1.7B | $1.7B | |
| Deferred income tax liabilities | $90.0M | $146.9M | |
| Other long-term liabilities | $56.2M | $64.1M | |
| Total liabilities | $2.2B | $2.4B | |
| Preferred stock, no par value, 10,000,000 shares authorized; none issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | |
| Common stock, $0.0001 par value, 3,290,000,000 shares authorized; 326,429,909 and 320,773,096 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $33.0K | $32.0K | |
| Additional paid in capital | $3.5B | $3.5B | |
| Accumulated deficit | -$2.9B | -$2.6B | |
| Loans to Karman Topco L.P. | -$7.7M | -$7.0M | |
| Accumulated other comprehensive loss | -$4.2M | -$15.9M | |
| Treasury stock, at cost; 12,894,517 and 12,400,075 shares as of December 31, 2025 and 2024, respectively | -$53.9M | -$53.0M | |
| Total stockholders' equity | $554.0M | $748.7M | $1.1B |
| Total liabilities and stockholders' equity | $2.8B | $3.1B | |
| Accounts receivable, net of allowances | $16.8M | $13.0M | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par or stated value per share | $0.00 | $0.00 | |
| Common stock, shares authorized | 3.3B shares | 3.3B shares | |
| Common stock, shares issued | 326.4M shares | 320.8M shares | |
| Common stock, shares outstanding | 326.4M shares | 320.8M shares | |
| Treasury stock, common, shares | 12.9M shares | 12.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss from continuing operations | -$227.7M | -$378.4M | -$81.2M |
| Non-cash adjustments on derivatives and non-cash interest expense (income) | -$2.1M | $5.2M | -$7.7M |
| Amortization of deferred financing fees | $7.0M | $6.8M | $8.3M |
| Impairment of goodwill and indefinite-lived asset | $203.7M | $275.2M | $43.5M |
| Depreciation and amortization | $202.3M | $204.6M | $208.9M |
| Fair value adjustments related to contingent consideration | $0 | $1.7M | $11.2M |
| Deferred income taxes | -$57.5M | ||
| Equity-based compensation of Karman Topco L.P. | -$1.5M | $723.0K | -$2.5M |
| Stock-based compensation | $26.9M | $31.0M | $38.9M |
| Income from investment in European joint venture and other | -$7.5M | -$2.1M | -$5.5M |
| Distribution received from equity method investments | $1.8M | $3.3M | $2.1M |
| Gain on divestiture and deconsolidation of subsidiaries | -$28.0M | $0 | -$58.9M |
| Gain on repurchases of Senior Secured Notes and Term Loan Facility debt | -$1.6M | -$9.1M | -$8.7M |
| Other | $282.0K | $1.8M | $3.0M |
| Accounts receivable, net | $8.0M | $51.2M | $38.9M |
| Prepaid expenses and other assets | -$31.4M | $28.4M | $100.8M |
| Accounts payable | $5.3M | -$12.9M | -$23.1M |
| Accrued compensation and benefits | -$10.7M | -$30.4M | $27.5M |
| Deferred revenues | $7.3M | -$2.1M | $8.6M |
| Other accrued expenses and other liabilities | -$33.0M | -$24.3M | $4.9M |
| Net cash provided by operating activities | $61.5M | $93.1M | $228.5M |
| Purchase of investments in unconsolidated affiliates | -$3.7M | -$13.9M | -$3.0M |
| Purchase of property and equipment | -$6.5M | -$7.8M | -$20.7M |
| Purchase and development of capitalized software | -$46.4M | -$47.5M | -$20.9M |
| Proceeds from divestitures | $60.5M | $275.7M | $21.1M |
| Deconsolidation of subsidiaries cash and cash equivalents and restricted cash, net of proceeds | $0 | $0 | -$31.5M |
| Proceeds from sale of investments in unconsolidated affiliates | $0 | $0 | $4.4M |
| Net cash (used in) provided by investing activities | $3.8M | $206.4M | -$50.5M |
| Borrowings under lines of credit | $90.0M | $0 | $99.5M |
| Payments on lines of credit | -$90.0M | $0 | -$99.1M |
| Principal payments on long-term debt | -$13.2M | -$13.1M | -$13.3M |
| Repurchases of Senior Secured Notes and Term Loan Facility debt | -$18.2M | -$147.1M | -$156.6M |
| Debt issuance costs | $0 | -$971.0K | $0 |
| Deferred consideration paid for purchases in unconsolidated affiliates | -$2.1M | $0 | $0 |
| Contingent consideration payments | $0 | -$5.7M | -$1.9M |
| Proceeds from employee stock purchase plan | $1.8M | $2.3M | $2.2M |
| Payments for taxes related to net share settlement of equity awards | -$3.6M | -$12.8M | -$1.9M |
| Holdback payments | $0 | $0 | -$944.0K |
| Redemption of noncontrolling interest | $0 | $0 | -$154.0K |
| Purchase of treasury stock | -$869.0K | -$34.1M | -$6.4M |
| Net cash used in financing activities | -$36.2M | -$211.4M | -$178.4M |
| Net effect of foreign currency changes on cash, cash equivalents and restricted cash | $3.1M | -$4.6M | $1.8M |
| Net change in cash, cash equivalents and restricted cash | $32.2M | $83.5M | $1.4M |
Former names
- Conyers Park II Acquisition Corp.May 21, 2019 to Oct 28, 20202
Recent filings
- Oct 5, 20268-K
- Sep 4, 20264
- Aug 14, 2026SCHEDULE 13G/A
- Aug 5, 20268-K
- Aug 5, 202610-Q
- Jun 25, 20264
- Jun 16, 20264
- Jun 16, 20264
- May 29, 20264
- May 29, 20264
- May 29, 20264
- May 29, 20264
- May 29, 20264
- May 29, 20264
- May 29, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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