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ADV

Advantage Solutions Inc.

ADV

Advantage Solutions Inc. • NASDAQ
$0.95 ▲ 1.05% (+0.01)
Market Cap $309.83 M
52w High $3.72
52w Low $0.90
Dividend Yield 0%
P/E -1.25
Volume 197.33K
Outstanding Shares 326.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $915.012M ▲ $98.431M ▼ $20.565M ▲ 2.248% ▲ $0.063 ▲ $91.012M ▲
Q2-2025 $873.707M ▲ $116.764M ▲ $-30.44M ▲ -3.484% ▲ $-0.094 ▲ $60.693M ▲
Q1-2025 $821.792M ▼ $113.659M ▼ $-56.13M ▲ -6.83% ▲ $-0.17 ▲ $35.73M ▲
Q4-2024 $892.285M ▼ $301.969M ▲ $-177.882M ▼ -19.936% ▼ $-0.55 ▼ $-118.75M ▼
Q3-2024 $939.27M $147.489M $-42.776M -4.554% $-0.13 $48.649M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $201.137M ▲ $2.994B ▼ $2.285B ▼ $708.499M ▲
Q2-2025 $102.869M ▼ $3.029B ▲ $2.345B ▲ $683.574M ▼
Q1-2025 $121.149M ▼ $3.013B ▼ $2.318B ▼ $695.575M ▼
Q4-2024 $205.233M ▲ $3.107B ▼ $2.358B ▼ $748.735M ▼
Q3-2024 $196.098M $3.391B $2.459B $932.531M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $20.565M ▲ $63.63M ▲ $7.004M ▲ $18.458M ▲ $93.045M ▲ $52.187M ▲
Q2-2025 $-30.44M ▲ $-8.101M ▲ $-2.245M ▲ $-6.229M ▲ $-16.665M ▲ $-10.216M ▲
Q1-2025 $-56.13M ▲ $-39.627M ▼ $-18.432M ▼ $-22.139M ▼ $-83.883M ▼ $-54.731M ▼
Q4-2024 $-177.935M ▼ $8.649M ▼ $2.323M ▼ $67K ▲ $8.281M ▼ $3.668M ▼
Q3-2024 $-42.776M $33.954M $100.56M $-92.589M $43.099M $8.625M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Branded Services
Branded Services
 $330.00M ▲$310.00M ▼$290.00M ▼$300.00M ▲
Experiential Services
Experiential Services
 $340.00M ▲$330.00M ▼$310.00M ▼$350.00M ▲
Retailer Services
Retailer Services
 $270.00M ▲$240.00M ▼$220.00M ▼$230.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady over the past several years, hovering in the same general range rather than clearly growing or shrinking. The main issue is profitability: margins are thin, operating results have swung from modest profits to sizable losses, and the most recent year slipped back into loss with even core operating earnings under pressure. This pattern suggests a business that can generate volume but struggles to convert that volume into consistent, healthy profits, likely reflecting a mix of cost pressures, restructuring charges, and a competitive pricing environment.

Balance Sheet

Balance Sheet The balance sheet has become lighter, with total assets shrinking meaningfully over time, likely due to divestitures, write‑downs, and a more focused footprint. Debt has come down only modestly, while shareholders’ equity has eroded significantly, leaving the company more financially leveraged than it once was. Cash on hand is relatively small, which means flexibility depends heavily on continued access to financing and steady cash generation rather than a large cash cushion.

Cash Flow

Cash Flow Despite uneven earnings, the company has generally produced positive operating cash flow, which is a key strength. Free cash flow has also been positive but modest, giving some capacity to reduce debt or reinvest, though not a large safety buffer. Capital spending is low, consistent with an asset‑light services model, but this also raises the question of whether enough is being invested to sustain and differentiate the platform over time.

Competitive Edge

Competitive Edge Advantage Solutions holds a strong position in consumer and retail marketing thanks to its scale, wide in‑store presence, and deep relationships with major brands and retailers. Its integrated offering across sales, merchandising, private brands, experiential marketing, and retail media makes it a convenient one‑stop partner. The company’s rich store‑level data and execution know‑how are real advantages, but they face rising pressure from more tech‑centric competitors and from large brands and retailers building more capabilities in‑house, all while carrying a debt load that can limit strategic flexibility.

Innovation and R&D

Innovation and R&D Innovation is centered on data, analytics, and AI rather than traditional lab-style R&D. The acquisition of Strong Analytics and the creation of an AI center show a deliberate push to use machine learning for better inventory planning, route optimization, and personalized marketing. Management’s broader “Advantage 2.0” and “Project Light” efforts aim to unify systems, automate more work, and shift the mix toward higher‑margin digital and media services. The key question is whether these technology investments can materially improve margins and client stickiness fast enough to offset industry and cost pressures.

Summary

Overall, Advantage Solutions looks like a scale player in a structurally attractive niche, but one that is still working through a difficult financial and strategic transition. The franchise is anchored by long‑standing client relationships, broad service offerings, and valuable retail data, which together form a real—though not unassailable—competitive moat. Financially, stable revenue contrasts with volatile profits, a thinner equity base, meaningful leverage, and only modest free cash flow, all of which point to a limited margin for error. Future performance will likely hinge on successful execution of its tech and efficiency programs, continued movement into higher‑margin digital and data services, and disciplined management of its balance sheet and cash flows.

NEWS

November 13, 2025 · 8:05 AM UTC

Genpact Recognized in Salesforce 2025 Partner Innovation Awards

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October 24, 2025 · 7:00 AM UTC

Advantage Solutions Announces Date for its Third Quarter 2025 Financial Results and Conference Call

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September 29, 2025 · 9:06 AM UTC

Instacart and Advantage Solutions Partner to Give CPGs Real-Time Shelf Visibility at Scale

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September 29, 2025 · 9:00 AM UTC

Instacart and Advantage Solutions Partner to Give CPGs Real-Time Shelf Visibility at Scale

Read more