NASDAQ : ADV
Advantage Solutions Inc. — Financial statements
Communication Services · Advertising Agencies · United States
Last price 30.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 387.62M
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Financial statements
Advantage Solutions Inc. (ADV) reported revenue of 3.61B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.61B | 3.54B | 3.57B | 3.90B | 3.65B | 3.60B |
| Cost of Revenue | 3.12B | 3.05B | 3.06B | 3.42B | 3.17B | 2.96B |
| Gross Profit | 485.18M | 494.35M | 507.27M | 485.08M | 472.85M | 638.17M |
| Selling, General & Admin | 178.25M | 209.95M | 205.24M | 179.74M | 143.87M | 129.65M |
| Operating Expenses | 382.29M | 412.21M | 409.79M | 388.60M | 359.91M | 369.69M |
| Operating Income | 102.89M | 82.14M | 97.48M | 96.48M | 112.94M | 268.49M |
| Interest Expense | -168.62M | -140.74M | -162.59M | -177.43M | -148.19M | -144.66M |
| Interest & Investment Income | 5.30M | 7.70M | 43.80M | 8.30M | ||
| Earnings From Equity Investments | 8.19M | 7.49M | 2.06M | 5.21M | ||
| Other Non Operating Income (Expenses) | 3.06M | 83.00K | 584.00K | 286.00K | 21.24M | -955.00K |
| EBT Excluding Unusual Items | -54.48M | -51.03M | -57.16M | -67.76M | 29.78M | 131.17M |
| Merger & Restructuring Charges | -71.52M | -66.11M | -117.68M | -59.34M | -24.92M | -32.67M |
| Impairment of Goodwill | -36.60M | -36.60M | -233.20M | -1.37B | ||
| Gain (Loss) on Sale of Assets | 27.27M | 27.98M | 58.89M | -2.86M | ||
| Asset Writedown | -167.09M | -167.09M | -41.97M | -43.50M | -205.02M | |
| Legal Settlements | 25.72M | 25.72M | ||||
| Other Unusual Items | 1.80M | 1.80M | 8.82M | -7.15M | -6.57M | -7.33M |
| Pretax Income | -279.91M | -265.32M | -441.19M | -118.86M | -1.58B | 91.17M |
| Income Tax Expense | -4.21M | -37.58M | -62.79M | -37.65M | -158.44M | 33.62M |
| Earnings From Continuing Operations | -275.70M | -227.74M | -378.40M | -81.21M | -1.42B | 57.55M |
| Earnings From Discontinued Operations | 51.44M | 20.23M | 41.90M | |||
| Net Income to Company | -275.70M | -227.74M | -326.96M | -60.98M | -1.38B | 57.55M |
| Minority Interest in Earnings | -2.35M | -3.76M | -3.06M | |||
| Net Income | -275.70M | -227.74M | -326.96M | -63.32M | -1.38B | 54.49M |
| Net Income to Common | -275.70M | -227.74M | -326.96M | -63.32M | -1.38B | 54.49M |
| Shares Outstanding (Basic) | 13.02M | 12.98M | 12.86M | 12.95M | 12.75M | 12.73M |
| Shares Outstanding (Diluted) | 13.02M | 12.98M | 12.86M | 12.95M | 12.75M | 12.84M |
| EPS (Basic) | -21.17 | -17.54 | -25.42 | -4.89 | -108.30 | 4.28 |
| EPS (Diluted) | -21.17 | -17.54 | -25.50 | -4.94 | -108.30 | 4.25 |
| Free Cash Flow | 116.38M | 55.05M | 85.26M | 207.80M | 92.35M | 94.82M |
| Free Cash Flow Per Share | 8.94 | 4.24 | 6.63 | 16.05 | 7.25 | 7.38 |
| Gross Margin | 13.45% | 13.95% | 14.22% | 12.44% | 12.97% | 17.72% |
| Operating Margin | 2.85% | 2.32% | 2.73% | 2.47% | 3.10% | 7.45% |
| Profit Margin | -7.65% | -6.43% | -9.17% | -1.62% | -37.86% | 1.51% |
| Free Cash Flow Margin | 3.23% | 1.55% | 2.39% | 5.33% | 2.53% | 2.63% |
| EBITDA | 306.93M | 284.39M | 302.04M | 305.33M | 328.98M | 508.53M |
| EBITDA Margin | 8.51% | 8.03% | 8.47% | 7.83% | 9.02% | 14.12% |
| D&A For EBITDA | 204.04M | 202.26M | 204.55M | 208.86M | 216.05M | 240.04M |
| EBIT | 102.89M | 82.14M | 97.48M | 96.48M | 112.94M | 268.49M |
| EBIT Margin | 2.85% | 2.32% | 2.73% | 2.47% | 3.10% | 7.45% |
| Effective Tax Rate | 36.87% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 102.31M | 240.85M | 205.23M | 120.84M | 120.72M | 164.62M |
| Trading Asset Securities | 800.00K | 26.28M | ||||
| Cash & Short-Term Investments | 102.31M | 240.85M | 206.03M | 147.12M | 120.72M | 164.62M |
| Accounts Receivable | 634.90M | 595.00M | 603.07M | 659.50M | 869.00M | 797.68M |
| Other Receivables | 34.16M | 8.19M | 6.60M | 5.75M | ||
| Receivables | 634.90M | 595.00M | 637.23M | 667.69M | 875.60M | 803.42M |
| Inventory | 8.06M | 29.73M | 78.27M | 70.70M | ||
| Prepaid Expenses | 80.98M | 124.63M | 39.47M | 44.95M | 46.55M | 41.16M |
| Restricted Cash | 12.16M | 12.14M | 15.52M | 16.36M | 17.82M | 16.02M |
| Other Current Assets | 4.43M | 106.19M | 18.05M | 8.38M | ||
| Total Current Assets | 830.34M | 972.62M | 910.74M | 1.01B | 1.16B | 1.10B |
| Property, Plant & Equipment | 121.58M | 138.12M | 123.69M | 98.55M | 132.64M | 111.18M |
| Long-Term Investments | 203.25M | 234.14M | 226.51M | 210.83M | 176.98M | 135.32M |
| Goodwill | 438.90M | 438.90M | 477.02M | 710.19M | 887.95M | 2.21B |
| Other Intangible Assets | 909.30M | 993.93M | 1.33B | 1.55B | 1.90B | 2.29B |
| Other Long-Term Assets | 36.35M | 15.72M | 35.98M | 195.89M | 10.29M | 9.93M |
| Total Assets | 2.54B | 2.79B | 3.11B | 3.78B | 4.26B | 5.85B |
| Accounts Payable | 176.15M | 162.38M | 158.49M | 172.89M | 261.46M | 277.37M |
| Accrued Expenses | 236.42M | 190.50M | 222.28M | 237.71M | 229.19M | 196.99M |
| Current Portion of Long-Term Debt | 25.27M | 13.25M | 13.25M | 13.27M | 13.99M | 14.80M |
| Current Portion of Leases | 11.43M | 13.32M | 14.57M | 21.58M | 20.41M | |
| Current Income Taxes Payable | 5.89M | 6.24M | 3.86M | 7.29M | 5.36M | |
| Current Unearned Revenue | 25.04M | 30.45M | 24.16M | 26.60M | 37.33M | 50.47M |
| Other Current Liabilities | 18.73M | 22.32M | 72.39M | 29.86M | 80.13M | |
| Total Current Liabilities | 462.88M | 432.63M | 460.06M | 541.30M | 600.70M | 645.52M |
| Long-Term Debt | 1.52B | 1.66B | 1.69B | 1.85B | 2.02B | 2.03B |
| Long-Term Leases | 20.70M | 24.65M | 33.97M | 56.37M | 40.44M | |
| Long-Term Deferred Tax Liabilities | 107.76M | 90.02M | 146.89M | 204.14M | 297.87M | 483.17M |
| Other Long-Term Liabilities | 51.28M | 34.99M | 39.49M | 47.73M | 55.14M | 73.96M |
| Total Liabilities | 2.14B | 2.24B | 2.36B | 2.68B | 3.03B | 3.27B |
| Common Stock | 1.00K | 33.00K | 32.00K | 32.00K | 32.00K | 32.00K |
| Additional Paid-In Capital | 3.44B | 3.49B | 3.47B | 3.45B | 3.41B | 3.37B |
| Retained Earnings | -3.00B | -2.87B | -2.64B | -2.31B | -2.25B | -866.61M |
| Treasury Stock | -15.73M | -53.88M | -53.02M | -18.95M | -12.57M | -12.57M |
| Comprehensive Income & Other | -18.07M | -11.83M | -22.89M | -10.33M | -25.21M | -10.82M |
| Total Common Equity | 401.82M | 553.96M | 748.74M | 1.11B | 1.12B | 2.48B |
| Minority Interest | -1.28M | 105.49M | 98.98M | |||
| Shareholders' Equity | 401.82M | 553.96M | 748.74M | 1.10B | 1.23B | 2.58B |
| Total Liabilities & Equity | 2.54B | 2.79B | 3.11B | 3.78B | 4.26B | 5.85B |
| Total Debt | 1.54B | 1.71B | 1.74B | 1.91B | 2.11B | 2.10B |
| Net Cash (Debt) | -1.44B | -1.47B | -1.53B | -1.76B | -1.99B | -1.94B |
| Net Cash Per Share | -110.51 | -112.89 | -119.11 | -136.16 | -156.43 | -151.08 |
| Filing Date Shares Outstanding | 12.82M | 13.10M | 12.86M | 12.82M | 12.89M | 12.72M |
| Total Common Shares Outstanding | 12.82M | 13.06M | 12.83M | 12.89M | 12.79M | 12.68M |
| Working Capital | 367.46M | 539.98M | 450.68M | 470.74M | 556.31M | 458.79M |
| Book Value Per Share | 31.33 | 42.43 | 58.35 | 85.76 | 87.90 | 195.87 |
| Tangible Book Value | -946.38M | -878.87M | -1.06B | -1.16B | -1.66B | -2.01B |
| Tangible Book Value Per Share | -73.79 | -67.31 | -82.68 | -89.74 | -129.93 | -158.55 |
| Machinery | 60.94M | 55.92M | 62.90M | 66.21M | 68.85M | |
| Leasehold Improvements | 16.16M | 16.34M | 18.67M | 20.86M | 17.29M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -275.70M | -227.74M | -326.96M | -63.32M | -1.38B | 54.49M |
| Depreciation & Amortization | 204.04M | 202.26M | 204.55M | 208.86M | 216.05M | 240.04M |
| Other Amortization | 6.96M | 7.04M | 6.77M | 8.29M | 8.86M | 9.25M |
| Loss (Gain) From Sale of Assets | -27.27M | -27.98M | -58.89M | 3.51M | 7.16M | |
| Asset Writedown & Restructuring Costs | 214.81M | 203.69M | 275.17M | 43.50M | 1.57B | |
| Loss (Gain) on Equity Investments | -3.50M | -5.68M | 1.23M | -3.41M | -8.78M | -8.83M |
| Stock-Based Compensation | 23.02M | 25.39M | 31.74M | 36.41M | 28.17M | 24.38M |
| Other Operating Activities | -36.97M | -60.99M | -109.22M | -100.51M | -287.37M | -6.99M |
| Change in Accounts Receivable | 31.09M | 8.00M | 51.15M | 38.90M | -85.74M | -215.50M |
| Change in Accounts Payable | 390.00K | 5.27M | -12.92M | -23.07M | -14.16M | 46.00M |
| Change in Unearned Revenue | -5.41M | 7.33M | -2.13M | 8.55M | -10.93M | -2.69M |
| Change in Other Net Operating Assets | -5.00M | -75.05M | -26.29M | 133.19M | 63.10M | -21.32M |
| Operating Cash Flow | 126.47M | 61.53M | 93.09M | 228.49M | 104.70M | 125.99M |
| Capital Expenditures | -10.10M | -6.48M | -7.84M | -20.69M | -12.35M | -31.18M |
| Cash Acquisitions | -74.21M | -42.67M | ||||
| Divestitures | 101.41M | 60.49M | 275.72M | -10.36M | 1.90M | |
| Sale (Purchase) of Intangibles | -46.43M | -46.43M | -47.50M | -20.87M | -20.66M | |
| Investment in Securities | -2.35M | -3.74M | -13.93M | 1.41M | -775.00K | -2.00M |
| Investing Cash Flow | 42.53M | 3.84M | 206.45M | -50.52M | -106.10M | -75.84M |
| Long-Term Debt Issued | 90.00M | 99.54M | 326.09M | 64.60M | ||
| Total Debt Issued | 50.00M | 90.00M | 99.54M | 326.09M | 64.60M | |
| Long-Term Debt Repaid | -121.47M | -160.25M | -268.95M | -340.26M | -125.05M | |
| Total Debt Repaid | -194.38M | -121.47M | -160.25M | -268.95M | -340.26M | -125.05M |
| Net Debt Issued (Repaid) | -144.38M | -31.47M | -160.25M | -169.42M | -14.17M | -60.44M |
| Issuance of Common Stock | 1.59M | 1.84M | 2.29M | 2.25M | 3.32M | 794.00K |
| Repurchase of Common Stock | -21.26M | -4.46M | -46.83M | -8.26M | -12.57M | |
| Other Financing Activities | -15.81M | -2.11M | -6.63M | -2.96M | -20.53M | -14.09M |
| Financing Cash Flow | -179.87M | -36.21M | -211.42M | -178.40M | -31.38M | -86.30M |
| Foreign Exchange Rate Adjustments | 5.13M | 3.07M | -4.58M | 1.80M | -7.87M | -3.18M |
| Net Cash Flow | -5.74M | 32.24M | 83.55M | 1.38M | -40.65M | -39.33M |
| Free Cash Flow | 116.38M | 55.05M | 85.26M | 207.80M | 92.35M | 94.82M |
| Free Cash Flow Margin | 3.23% | 1.55% | 2.39% | 5.33% | 2.53% | 2.63% |
| Free Cash Flow Per Share | 8.94 | 4.24 | 6.63 | 16.05 | 7.25 | 7.38 |
| Levered Free Cash Flow | 209.71M | 92.55M | 227.28M | 281.10M | 56.24M | 194.78M |
| Unlevered Free Cash Flow | 308.14M | 173.48M | 322.13M | 383.70M | 140.00M | 275.94M |
| Cash Interest Paid | 142.68M | 142.68M | 163.20M | 174.77M | 126.56M | 137.47M |
| Cash Income Tax Paid | 19.29M | 19.29M | 31.27M | 39.01M | 45.73M | 40.19M |
| Change in Working Capital | 21.08M | -54.45M | 9.82M | 157.57M | -47.73M | -193.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 387.62M | 287.12M | 936.60M | 1.18B | 664.94M | 2.55B |
| Enterprise Value | 1.83B | 1.76B | 2.44B | 3.00B | 2.65B | 4.52B |
| Last Close Price | 30.23 | 22.00 | 73.00 | 90.50 | 52.00 | 200.50 |
| PE Ratio | 46.88 | |||||
| Forward PE | 2.94 | 6.61 | 7.64 | 3.72 | 10.35 | |
| PS Ratio | 0.11 | 0.08 | 0.26 | 0.30 | 0.18 | 0.71 |
| PB Ratio | 0.96 | 0.52 | 1.25 | 1.07 | 0.54 | 0.99 |
| P/FCF Ratio | 3.33 | 5.21 | 10.99 | 5.69 | 7.20 | 26.95 |
| P/OCF Ratio | 3.06 | 4.67 | 10.06 | 5.17 | 6.35 | 20.28 |
| PEG Ratio | 34.36 | 34.36 | 34.36 | 1.12 | 1.12 | |
| EV/Sales Ratio | 0.51 | 0.50 | 0.68 | 0.77 | 0.73 | 1.25 |
| EV/EBITDA Ratio | 5.95 | 6.20 | 8.07 | 9.84 | 8.07 | 8.88 |
| EV/EBIT Ratio | 17.75 | 21.45 | 25.01 | 31.13 | 23.50 | 16.83 |
| EV/FCF Ratio | 15.70 | 32.01 | 28.59 | 14.45 | 28.74 | 47.65 |
| Debt / Equity Ratio | 3.84 | 3.08 | 2.32 | 1.73 | 1.72 | 0.81 |
| Debt / EBITDA Ratio | 4.84 | 5.76 | 5.43 | 5.76 | 5.90 | 3.92 |
| Debt / FCF Ratio | 13.24 | 31.00 | 20.38 | 9.19 | 22.90 | 22.20 |
| Net Debt / Equity Ratio | 3.58 | 2.65 | 2.05 | 1.60 | 1.62 | 0.75 |
| Net Debt / EBITDA Ratio | 4.69 | 5.15 | 5.07 | 5.77 | 6.06 | 3.81 |
| Net Debt / FCF Ratio | 12.37 | 26.62 | 17.97 | 8.48 | 21.59 | 20.46 |
| Asset Turnover | 1.29 | 1.20 | 1.04 | 0.97 | 0.72 | 0.62 |
| Inventory Turnover | 161.89 | 63.24 | 42.60 | 51.60 | ||
| Quick Ratio | 1.59 | 1.93 | 1.83 | 1.50 | 1.66 | 1.50 |
| Current Ratio | 1.79 | 2.25 | 1.98 | 1.87 | 1.93 | 1.71 |
| Return on Equity (ROE) | -50.80% | -34.96% | -40.85% | -6.96% | -74.44% | 2.26% |
| Return on Assets (ROA) | 2.31% | 1.74% | 1.77% | 1.50% | 1.40% | 2.89% |
| Return on Invested Capital (ROIC) | 5.53% | 3.82% | 3.79% | 3.17% | 2.92% | 3.77% |
| Return on Capital Employed (ROCE) | 5.00% | 3.50% | 3.70% | 3.00% | 3.10% | 5.20% |
| Earnings Yield | -70.04% | -79.32% | -34.91% | -5.36% | -207.61% | 2.13% |
| FCF Yield | 30.02% | 19.18% | 9.10% | 17.59% | 13.89% | 3.71% |
| Buyback Yield / Dilution | -1.11% | -0.95% | 0.67% | -1.57% | 0.72% | -43.80% |