NASDAQ · Financial Statements

Advantage Solutions Inc. (ADV) Financial Statements

$30.28 NASDAQ: ADV Market Cap $402.58M

Advantage Solutions Inc. most recently reported annual revenue of $3.5B, a net loss of $228.0M. Revenue grew at an average annual rate of 2.3% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Advantage Solutions Inc.: Revenue rose from $2.1B in 2016 to $3.5B in 2025, a change of +68.7% over 9 years; net profit was positive in 3 of 11 reported years; operating margin moved from 10.5% to 0.5%, a shift of -10.1 percentage points; the most recent year shows a net loss of $228.0M.

Income Statement — 11 Years (USD millions)

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	—	$2.1B	$2.4B	$3.7B	$3.8B	$3.2B	$3.6B	$3.6B	$3.9B	$3.6B	$3.5B
Operating Expenses	—	$1.9B	$2.2B	$4.8B	$3.6B	$3.1B	$3.4B	$5.1B	$3.9B	$3.9B	$3.5B
Operating Profit	—	$221.0M	$262.0M	$-1.1B	$214.0M	$67.0M	$230.0M	$-1.5B	$47.0M	$-295.0M	$16.0M
Operating Margin	0.0%	10.5%	10.8%	-29.4%	5.7%	2.1%	6.4%	-41.0%	1.2%	-8.3%	0.5%
Other Income	—	$-167.0M	$-233.0M	$-1.6B	$-232.0M	$-247.0M	$-139.0M	$-83.0M	$-165.0M	$-146.0M	$-281.0M
Interest	$0	$167.0M	$0	$230.0M	$232.0M	$234.0M	$138.0M	$104.0M	$166.0M	$147.0M	$139.0M
Depreciation	—	$170.0M	$180.0M	$225.0M	$233.0M	$239.0M	$240.0M	$216.0M	$209.0M	$205.0M	$202.0M
Profit Before Tax	—	$54.0M	$29.0M	$-1.3B	$-18.0M	$-180.0M	$91.0M	$-1.6B	$-119.0M	$-441.0M	$-265.0M
Tax	—	$42.1M	$-1.2B	$12.8M	$-7.3M	$3.0M	$36.9M	$10.1M	$31.7M	$14.2M	$14.2M
Net Profit	—	$32.0M	$386.0M	$-1.2B	$-21.0M	$-176.0M	$54.0M	$-1.4B	$-63.0M	$-327.0M	$-228.0M
EPS	$0.00	$4.00	$47.40	$-142.00	$-2.42	$-19.75	$4.25	$-108.25	$-5.00	$-25.50	$-17.50
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$1.0B	$1.1B	$861.0M	$873.0M	$939.0M	$892.0M	$822.0M	$874.0M	$915.0M	$932.0M	$870.0M	$889.0M
Operating Expenses	$1.0B	$1.0B	$891.0M	$965.0M	$942.0M	$1.1B	$824.0M	$866.0M	$874.0M	$911.0M	$858.0M	$888.0M
Operating Profit	$7.0M	$46.0M	$-30.0M	$-91.0M	$-3.0M	$-171.0M	$-2.0M	$7.0M	$41.0M	$21.0M	$11.0M	$2.0M
Operating Margin	0.7%	4.3%	-3.5%	-10.4%	-0.3%	-19.1%	-0.2%	0.8%	4.5%	2.2%	1.3%	0.2%
Interest	$42.0M	$46.0M	$36.0M	$40.0M	$39.0M	$32.0M	$36.0M	$36.0M	$35.0M	$34.0M	$35.0M	$40.0M
Profit Before Tax	$-36.0M	$1.0M	$-66.0M	$-130.0M	$-42.0M	$-203.0M	$-49.0M	$-26.0M	$5.0M	$-196.0M	$-49.0M	$-41.0M
Tax	$18.2M	$-1.4B	$24.0M	$13.3M	$11.5M	$12.2M	$-14.6M	$-17.9M	$-286.9M	$17.4M	$-48.1M	$-53.4M
Net Profit	$-24.0M	$17.0M	$-5.0M	$-101.0M	$-43.0M	$-178.0M	$-56.0M	$-30.0M	$21.0M	$-162.0M	$-72.0M	$-63.0M
EPS	$-1.87	$1.28	$-4.75	$-7.75	$-3.25	$-13.75	$-4.25	$-2.35	$1.51	$-12.50	$-5.49	$-4.85

Over the 11 years reported for Advantage Solutions Inc., borrowings decreased from $2.7B in 2015 to $13.0M in 2025, cash stood at $241.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.25 times.

Balance Sheet — 11 Years (USD millions)

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$5.9B	$6.0B	—	$6.0B	$6.0B	$5.8B	$5.9B	$4.3B	$3.8B	$3.1B	$2.8B
Current Assets	$449.0M	$490.0M	—	$870.0M	$952.0M	$900.0M	$1.1B	$1.2B	$1.0B	$911.0M	$973.0M
Cash	$71.0M	$40.0M	—	$142.0M	$184.0M	$204.0M	$165.0M	$121.0M	$121.0M	$205.0M	$241.0M
Inventory	$4.0M	$3.0M	—	$16.0M	$25.0M	$44.0M	$71.0M	$78.0M	$30.0M	$8.0M	$0
Receivables	$344.0M	$420.0M	—	$644.0M	$695.0M	$584.0M	$804.0M	$883.0M	$671.0M	$639.0M	$595.0M
Fixed Assets	$66.0M	$72.0M	—	$108.0M	$209.0M	$130.0M	$111.0M	$133.0M	$99.0M	$124.0M	$116.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$83.0M	$85.0M	$0	$106.0M	$112.0M	$116.0M	$125.0M	$129.0M	$211.0M	$227.0M	$234.0M
Other Assets	$2.0B	$2.1B	—	$2.1B	$2.1B	$2.2B	$2.2B	$888.0M	$710.0M	$477.0M	$439.0M
Total Liabilities	$4.2B	$4.2B	—	$4.3B	$4.3B	$3.3B	$3.3B	$3.0B	$2.7B	$2.4B	$2.2B
Current Liabilities	$279.0M	$324.0M	—	$469.0M	$518.0M	$575.0M	$646.0M	$601.0M	$541.0M	$460.0M	$433.0M
Borrowings	$2.7B	$2.7B	$0	$3.2B	$3.3B	$2.2B	$2.1B	$2.1B	$1.9B	$1.7B	$13.0M
Other Liabilities	$1.5B	$1.5B	—	$1.1B	$1.0B	$1.1B	$1.2B	$918.0M	$765.0M	$620.0M	$2.2B
Equity	$0	$0	—	$0	$0	$0	$0	$0	$0	$0	$0
Reserves	$1.7B	$1.7B	—	$1.6B	$1.6B	$2.4B	$2.5B	$1.1B	$1.1B	$749.0M	$554.0M

For Advantage Solutions Inc., operating cash flow was positive in 10 of 11 reported years; free cash flow in the latest year was $55.0M; free cash flow was positive in 10 of 11 years; financing activities used $7.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 11 Years (USD millions)

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	—	$164.0M	$70.0M	$126.0M	$151.0M	$346.0M	$126.0M	$105.0M	$228.0M	$93.0M	$62.0M
Investing Cash Flow	—	$-184.0M	$-135.0M	$-277.0M	$-114.0M	$-130.0M	$-107.0M	$-139.0M	$-92.0M	$151.0M	$-3.0M
Financing Cash Flow	—	$-39.0M	$168.0M	$-48.0M	$-13.0M	$-79.0M	$-27.0M	$-21.0M	$-11.0M	$-53.0M	$-7.0M
Net Cash Flow	—	$-30.0M	$148.0M	$-44.0M	$55.0M	$21.0M	$-39.0M	$-41.0M	$1.0M	$84.0M	$32.0M
Free Cash Flow	$0	$130.0M	$35.0M	$79.0M	$99.0M	$315.0M	$95.0M	$72.0M	$187.0M	$38.0M	$55.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.37
EV / EBITDA	24.78
FCF Yield	19.03%
Quick Ratio	1.79
Interest Coverage	0.52
Return 1Y	-23.62%
Return 3Y	-46.14%
Return 5Y	-84.14%

Advantage Solutions Inc. (ADV) financials — frequently asked questions

What is Advantage Solutions Inc.'s annual revenue?

Advantage Solutions Inc. (ADV) reported annual revenue of $3.5B in its most recent fiscal year.

What is Advantage Solutions Inc.'s net profit?

Advantage Solutions Inc. (ADV) reported a net loss of $228.0M in its most recent fiscal year.

What is ADV EV/EBITDA?

Advantage Solutions Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 24.78.

Related stock screens

High ROE Communication Services Stocks Low P/E Communication Services Stocks High Net Margin Communication Services Stocks Dividend Communication Services Stocks Low Debt Communication Services Stocks High ROE Stocks Low P/E Stocks High Net Margin Stocks Dividend Stocks Low Debt Stocks Nasdaq High ROE Stocks All stock screens

ADV Overview ADV Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.