Advantage Solutions Inc. (ADV) Financial Statements
Industry: Business Services (Other) (Services)
In fiscal 2025, Advantage Solutions reported revenue of $3.54B, down 0.7% from $3.57B the year before. Net income was -$227.7M (a -6.4% net margin), or -$17.54 per diluted share. Gross margin was -3.6% and operating margin was -3.6%. Operating activities generated $61.5M of cash, leaving $55.1M of free cash flow. At fiscal year end, Advantage Solutions held $2.79B in total assets against $2.24B in total liabilities, including $240.8M of cash and equivalents.
Open the full interactive Advantage Solutions financials → Quarterly statements, key ratios, valuation history and price charts.
Advantage Solutions Key Stats
| Share Price | $31.05 |
|---|---|
| Market Cap | $401.1M |
| Revenue YoY Growth | -0.7% |
| 52-Week Range | $12.55 – $46.82 |
| Shares Outstanding | 12.9 million (basic, 2026 Q2) |
Advantage Solutions Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.16B | $3.60B | $4.05B | $4.22B | $3.57B | $3.54B |
| Cost of Goods Sold | $3.09B | $3.37B | $5.49B | $4.15B | $3.86B | $3.67B |
| Gross Profit | $67.0M | $230.0M | -$1.44B | $76.2M | -$295.0M | -$126.5M |
| Operating Income | $67.0M | $230.0M | -$1.44B | $76.2M | -$295.0M | -$126.5M |
| Pre-Tax Income | -$167.0M | $91.2M | -$1.52B | -$89.3M | -$441.2M | -$265.3M |
| Income Tax | -$5.3M | $33.6M | -$145.3M | -$29.0M | -$62.8M | -$37.6M |
| Net Income | -$162.4M | $54.5M | -$1.38B | -$63.3M | -$327.0M | -$227.7M |
| Diluted EPS | -$18.25 | $4.25 | -$108.25 | -$5.00 | -$25.42 | -$17.54 |
Advantage Solutions Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $915.0M | $932.1M | $869.6M | $889.5M |
| Net Income | $20.6M | -$161.7M | -$71.8M | -$62.7M |
| Diluted EPS | $1.51 | -$0.50 | -$5.49 | -$4.85 |
Advantage Solutions Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $204.3M | $164.6M | $120.7M | $126.5M | $205.2M | $240.8M |
| Current Assets | $899.8M | $1.10B | $1.16B | $1.01B | $910.7M | $972.6M |
| Total Assets | $5.78B | $5.85B | $4.26B | $3.78B | $3.11B | $2.79B |
| Current Liabilities | $575.0M | $645.5M | $600.7M | $541.3M | $460.1M | $432.6M |
| Total Long-Term Debt | $2.09B | $2.04B | $2.04B | $1.87B | $1.70B | $1.67B |
| Total Liabilities | $3.24B | $3.27B | $3.03B | $2.68B | $2.36B | $2.24B |
| Shareholders' Equity | $2.44B | $2.48B | $1.12B | $1.11B | $748.7M | $554.0M |
Advantage Solutions Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $345.7M | $126.0M | $121.3M | $239.0M | $93.1M | $61.5M |
| Cash From Investing | -$99.0M | -$75.8M | -$113.5M | -$55.2M | $206.4M | $3.8M |
| Cash From Financing | -$230.2M | -$86.3M | -$41.6M | -$181.3M | -$211.4M | -$36.2M |
| Free Cash Flow | $314.8M | $94.8M | $80.8M | $192.7M | $85.3M | $55.1M |
Figures from Advantage Solutions' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Advantage Solutions financials page for every line item.
Advantage Solutions Company Profile
| Ticker | ADV |
|---|---|
| Exchange | Nasdaq |
| Industry | Business Services (Other) (Services) |
| Headquarters | St. Louis, Missouri |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001776661 |
Frequently Asked Questions
What was Advantage Solutions' revenue in fiscal 2025?
Advantage Solutions (ADV) reported revenue of $3.54B for fiscal 2025.
What is Advantage Solutions' annual revenue history?
Advantage Solutions' annual revenue by fiscal year: 2020: $3.16B; 2021: $3.60B; 2022: $4.05B; 2023: $4.22B; 2024: $3.57B; 2025: $3.54B.
What was Advantage Solutions' net income in fiscal 2025?
Advantage Solutions reported net income of -$227.7M for fiscal 2025.
What was Advantage Solutions' earnings per share (EPS) in fiscal 2025?
Advantage Solutions' diluted EPS was -$17.54 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Advantage Solutions generate in fiscal 2025?
Advantage Solutions generated $55.1M of free cash flow in fiscal 2025.
What was Advantage Solutions' revenue last quarter?
In its most recent reported quarter (2026 Q2), Advantage Solutions reported revenue of $889.5M.
How much debt does Advantage Solutions have?
Advantage Solutions reported $1.67B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Advantage Solutions are outstanding?
Advantage Solutions reported a weighted average of 12.9 million basic shares outstanding in 2026 Q2.
What is Advantage Solutions' market cap?
Based on its latest closing price, Advantage Solutions (ADV) has a market capitalization of about $401.1M.
When does Advantage Solutions' fiscal year end?
Advantage Solutions' fiscal year end, as registered with the SEC, is December 31.
Where is Advantage Solutions headquartered?
Advantage Solutions lists its business address in St. Louis, Missouri in its SEC filings.