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Financials · ADV

Advantage Solutions Inc. (ADV) financials

For the twelve months ended Sep 30, 2026, Advantage Solutions Inc. reported $3.60B of revenue and -$321.37M of net income.

Revenue, TTM
$3.60B
Revenue growth, YoY
+2.9%
Net income, TTM
-$321.37M
Net margin
-8.9%
Free cash flow, TTM
$60.44M
Cash
$131.32M
Total debt
$1.54B
P/S
0.12
Market cap
$423.2M
Annual revenue$3.54B
FY2018FY2025
Annual net income-$227.74M
FY2018FY2025
Annual free cash flow$55.05M
FY2018FY2025

ADV revenue and earnings growth

ADV revenueQ3 2026$913.74M

Quarter YoY
-0.1%
QoQ
+2.7%
FY YoY
-0.7%
5Y CAGR
+2.3%

ADV revenue was $913.74M in fiscal Q3 2026 (ended Sep 30, 2026), down 0.1% from a year earlier and up 2.7% from the prior quarter. For the full fiscal 2025 it was $3.54B, down 0.7% from fiscal 2024. Compound annual growth was +2.3% over 5 years. It rose in 3 of the last 7 fiscal years.

ADV net incomeQ3 2026-$25.10M

ADV net income was -$25.10M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $20.57M a year earlier. For the full fiscal 2025 it was -$227.74M, compared with -$326.96M in fiscal 2024.

ADV EPSQ3 2026-$1.96

ADV diluted EPS was -$1.96 in fiscal Q3 2026 (ended Sep 30, 2026), compared with $1.51 a year earlier. For the full fiscal 2023 it was -$0.20, compared with -$4.33 in fiscal 2022.

ADV free cash flowQ3 2026$40.63M

Quarter YoY
-22.2%
FY YoY
-35.4%
5Y CAGR
-29.4%

ADV free cash flow was $40.63M in fiscal Q3 2026 (ended Sep 30, 2026), down 22.2% from a year earlier. For the full fiscal 2025 it was $55.05M, down 35.4% from fiscal 2024. Compound annual growth was -29.4% over 5 years. It rose in 3 of the last 7 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue$3.54B$3.57B$3.90B$3.65B$3.60B$3.16B$3.16B$3.71B
Selling, general and admin$276.06M$324.60M$250.24M$175.36M$168.09M$306.28M$175.37M$152.49M
Operating income-$126.47M-$294.98M$46.59M-$1.49B$230.05M$67.01M$213.67M-$1.09B
Interest expense$138.94M$146.79M$165.73M$104.39M$137.93M$234.04M$232.08M$229.64M
Pre-tax income-$265.32M-$441.19M-$118.86M-$1.58B$91.17M-$180.40M-$18.40M-$1.32B
Income tax-$37.58M-$62.79M-$37.65M-$158.44M$33.62M-$5.33M$1.35M-$168.33M
Net income-$227.74M-$326.96M-$63.32M-$1.38B$54.49M-$175.81M-$21.17M-$1.16B
EPS, basic---$0.20-$4.33$0.17-$0.79-$0.10-$5.68
EPS, diluted---$0.20-$4.33$0.17-$0.79-$0.10-$5.68
Diluted shares324.6M321.5M323.7M318.7M321.0M223.2M203.8M203.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Cash and equivalents$240.85M$220.75M$120.84M$135.82M$176.47M$219.97M$199.03M$144.52M
Receivables$595.00M$603.07M$659.50M$869.00M----
Current assets$972.62M$910.74M$1.01B$1.16B$1.10B$899.75M$952.49M-
Goodwill$438.90M$477.02M$710.19M$724.82M$2.21B$2.16B$2.12B$2.11B
Total assets$2.79B$3.11B$3.78B$4.26B$5.85B$5.78B$6.01B-
Current liabilities$432.63M$460.06M$541.30M$600.70M$645.52M$574.99M$518.13M-
Short-term debt$13.25M$13.25M$13.27M$13.99M$14.40M$63.74M$27.66M-
Long-term debt$1.66B$1.69B$1.85B$2.02B$2.03B$2.03B$3.17B-
Total debt$1.67B$1.70B$1.86B$2.04B$2.04B$2.09B$3.20B-
Total liabilities$2.24B$2.36B$2.68B$3.03B$3.27B$3.26B$4.34B-
Shareholders' equity$553.96M$748.74M$1.10B$1.23B$2.58B$2.52B$1.67B$1.67B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Operating cash flow$61.53M$93.09M$228.49M$104.70M$125.99M$345.73M$151.34M$126.35M
Capital expenditures$6.48M$7.84M$20.69M$12.35M$31.18M$30.95M$52.42M$47.16M
Free cash flow$55.05M$85.26M$207.80M$92.35M$94.82M$314.78M$98.92M$79.19M
Investing cash flow$3.84M$206.45M-$50.52M-$106.10M-$75.84M-$99.00M-$61.81M-$231.44M
Financing cash flow-$36.21M-$211.42M-$178.40M-$31.38M-$86.30M-$230.15M-$38.21M$70.14M
Share repurchases$869.0K$34.07M$6.38M$0$12.57M$0$0-
Stock-based compensation-$1.52M$723.0K-$2.52M-$6.93M-$15.03M$89.77M$1.31M-$7.88M
Depreciation and amortization$202.26M$204.55M$208.86M$216.05M$240.04M$238.60M$232.57M$225.23M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue growth, YoY-0.7%-8.6%7.0%1.2%14.2%0.0%-14.9%-
Operating margin-3.6%-8.3%1.2%-41.0%6.4%2.1%6.8%-29.4%
Net margin-6.4%-9.2%-1.6%-37.9%1.5%-5.6%-0.7%-31.2%
Free cash flow margin1.6%2.4%5.3%2.5%2.6%10.0%3.1%2.1%
Return on equity-41.1%-43.7%-5.7%-112.6%2.1%-7.0%-1.3%-69.3%
Return on assets-8.2%-10.5%-1.7%-32.4%0.9%-3.0%-0.4%-
Current ratio2.251.981.871.931.711.561.84-
Debt to equity3.022.271.691.660.790.831.92-

Source: XBRL data Advantage Solutions Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ADV peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ADV$3.60B+2.9%-$321.37M-8.9%$423.2M
V$45.90B+14.8%$23.50B51.2%$761.17B
MA$36.29B+15.3%$16.96B46.7%$571.32B
BABACN¥1.02T+2.7%CN¥103.59B10.1%$255.28B
ACN$74.18B+6.5%$8.37B11.3%$170.10B
UBER$56.53B+13.9%$3.46B6.1%$145.32B
PDDCN¥431.85B+9.7%CN¥97.84B22.7%$114.58B
DASH$17.06B+35.0%$1.06B6.2%$78.89B
MELI$38.52B+47.1%$1.89B4.9%$77.70B

ADV FAQ

7 questions
  • What is ADV revenue?
    Advantage Solutions Inc. (ADV) reported $3.60B of revenue for the twelve months ended Sep 30, 2026. That is up 2.9% from the year before. Revenue for fiscal 2025 was $3.54B.
  • Is ADV profitable?
    No. Advantage Solutions Inc. reported a net loss of $321.37M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does ADV have?
    Advantage Solutions Inc. reported $131.32M in cash and cash equivalents and $1.54B of debt on its most recent balance sheet in SEC filings.
  • How fast is ADV revenue growing?
    Advantage Solutions Inc.'s revenue changed -0.7% in fiscal 2025, to $3.54B. Its compound annual growth rate was +2.3% over 5 years.
  • What is ADV free cash flow?
    Advantage Solutions Inc. generated $60.44M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $113.86M less capital expenditures.
  • When did ADV last report financial results?
    The latest statements here come from Advantage Solutions Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this ADV financial data come from?
    Quantisnow builds these statements from the structured XBRL data Advantage Solutions Inc. files with the SEC. It is provided for information only and is not investment advice.