Advantage Solutions Inc. (ADVWW) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ADVWW SEC filings page.
Advantage Solutions Inc. (ADVWW) reported $3.6B in revenue over the twelve months to Mar 31, 2026, up 1.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Positive cash generation persists despite losses, but shrinking equity makes leverage the dominant business mechanic.
Cash conversion is weakening rather than absent: operating cash flow fell from$228M in FY2023 to$61.5M in FY2025, showing that cash generation remained positive but lost much of its earlier support. Meanwhile, net loss moved from-$63.3M to-$227.7M , so accounting losses and cash generation diverged; earnings are not converting cleanly into cash.
Leverage has intensified through equity shrinkage: debt-to-equity rose from 1.7x in FY2023 to 3.0x in FY2025. Long-term debt nevertheless declined from
Gross profit is not translating into operating earnings: FY2025 gross margin was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Advantage Solutions Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Advantage Solutions Inc. has an operating margin of -3.6%, meaning the company loses $4 on every $100 of revenue. This results in a profitability score of 24/100. This is up from -8.3% the prior year.
Advantage Solutions Inc.'s revenue declined 0.7% year-over-year, from $3.6B to $3.5B. This contraction results in a growth score of 17/100.
Advantage Solutions Inc. has elevated debt relative to equity (D/E of 3.00), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 2/100, reflecting increased financial risk.
With a current ratio of 2.25, Advantage Solutions Inc. holds $2.25 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.
Advantage Solutions Inc. has a free cash flow margin of 1.6%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.
Advantage Solutions Inc. posts a -41.1% return on equity (ROE), meaning it loses $41 for every $100 of shareholders' equity. This results in a returns score of 22/100. This is up from -43.7% the prior year.
Advantage Solutions Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Advantage Solutions Inc. reported a net loss of $227.7M while generating $61.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Advantage Solutions Inc. reported an operating loss of $126.5M against $138.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Advantage Solutions Inc. generated $869.6M in revenue in Q1 2026. This represents an increase of 5.8% from the same quarter a year earlier. Against the prior quarter it is down 6.7%.
Advantage Solutions Inc.'s EBITDA was $55.7M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 55.9% from the same quarter a year earlier. Against the prior quarter it is up 150.0%.
Advantage Solutions Inc. reported -$71.8M in net income in Q1 2026. This represents a decrease of 28.0% from the same quarter a year earlier. Against the prior quarter it is up 55.6%.
Advantage Solutions Inc. earned -$5.49 per diluted share (EPS) in Q1 2026. This represents a decrease of 25.9% from the same quarter a year earlier.
Cash & Balance Sheet
Advantage Solutions Inc. generated $12.3M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 122.5% from the same quarter a year earlier. Against the prior quarter it is down 47.4%.
Advantage Solutions Inc. held $143.9M in cash against $1.5B in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Advantage Solutions Inc.'s gross margin was 12.4% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.5 percentage points.
Advantage Solutions Inc.'s operating margin was 0.5% in Q1 2026, reflecting core business profitability. This is up 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.9 percentage points.
Advantage Solutions Inc.'s net profit margin was -8.3% in Q1 2026, showing the share of revenue converted to profit. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.1 percentage points.
Advantage Solutions Inc.'s ROE was -15.0% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 7.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.2 percentage points.
Capital Allocation
Advantage Solutions Inc. spent $2.3M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 165.4% from the same quarter a year earlier.
Advantage Solutions Inc. invested $11.4M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 24.5% from the same quarter a year earlier. Against the prior quarter it is down 48.6%.
Not reported for Q1 2026.
ADVWW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $869.6M+5.8% | $932.1M+4.5% | $915.0M-2.6% | $873.7M0.0% | $821.8M-4.6% | $892.3M-8.2% | $939.3M-7.9% | $873.4M-9.4% |
| Cost of Revenue | $761.6M+5.4% | $802.2M+5.4% | $776.4M-2.3% | $746.9M-0.6% | $722.8M-3.9% | $760.9M-10.3% | $795.0M-10.9% | $751.3M-11.4% |
| Gross Profit | $108.0M+9.1% | $129.9M-1.1% | $138.6M-4.0% | $126.8M+3.9% | $99.0M-9.6% | $131.4M+6.0% | $144.3M+13.3% | $122.0M+5.0% |
| SG&A Expenses | $53.3M-17.8% | $85.0M+14.5% | $57.6M-41.5% | $68.7M+9.2% | $64.9M-27.2% | $74.2M-3.8% | $98.4M+44.1% | $62.9M+29.7% |
| Operating Income | $4.2M+128.5% | -$162.0M+5.0% | $40.2M+1364.1% | $10.0M+111.0% | -$14.6M+51.2% | -$170.6M-1050.9% | -$3.2M-147.8% | -$91.3M-698.4% |
| EBITDA | $55.7M+55.9% | -$111.6M+6.2% | $90.9M+86.7% | $60.7M+252.0% | $35.7M+80.5% | -$119.0M-276.5% | $48.7M-17.6% | -$39.9M-159.0% |
| Interest Expense | $34.8M+1.3% | $33.8M+4.6% | $35.0M-10.3% | $35.8M-9.9% | $34.4M-3.9% | $32.3M-29.6% | $39.0M-7.9% | $39.8M+30.6% |
| Income Tax | $23.3M+226.6% | -$34.1M-37.8% | -$15.3M-213.4% | $4.6M+126.7% | $7.1M+145.0% | -$24.7M-8.3% | -$4.9M+26.0% | -$17.3M-671.4% |
| Net Income | -$71.8M-28.0% | -$161.7M+9.2% | $20.6M+148.1% | -$30.4M+69.8% | -$56.1M-957.7% | -$178.0M-1125.3% | -$42.8M-75.8% | -$100.8M-1050.8% |
| EPS (Basic) | -$5.49-25.9% | N/A | N/A | N/A | -$4.36-21700.0% | N/A | -$0.13-85.7% | -$0.31-933.3% |
| EPS (Diluted) | -$5.49-25.9% | N/A | N/A | N/A | -$4.36 | N/A | -$0.13-85.7% | -$0.31-933.3% |
| Diluted Shares (Avg) | 13M+1.6% | N/A | 340M+5.8% | 324M+0.5% | 13M | N/A | 321M-1.1% | 323M-0.4% |
Not reported in any period shown, so not listed: R&D Expenses.
ADVWW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B-14.9% | $2.8B-10.1% | $3.0B-11.7% | $3.0B-13.4% | $3.0B-17.1% | $3.1B-17.8% | $3.4B-16.4% | $3.5B-15.2% |
| Current Assets | $804.8M-8.4% | $972.6M+6.8% | $943.9M-3.2% | $926.7M-13.9% | $879.0M-5.7% | $910.7M-10.0% | $975.2M-12.8% | $1.1B-3.9% |
| Cash & Equivalents | $143.9M+18.8% | $240.8M+17.4% | $201.1M+2.6% | $102.9M-33.2% | $121.1M+7.9% | $205.2M+69.8% | $196.1M+14.4% | $154.0M-6.5% |
| Accounts Receivable | $572.6M-10.8% | $595.0M-1.3% | $635.4M-4.8% | $673.3M+4.0% | $641.7M-1.2% | $603.1M-8.6% | $667.4M-19.4% | $647.4M-20.7% |
| Goodwill | $438.9M-8.0% | $438.9M-8.0% | $477.0M-21.9% | $477.0M-21.9% | $477.0M-42.8% | $477.0M-32.8% | $610.5M-31.2% | $610.5M-31.4% |
| Total Liabilities | $2.1B-10.0% | $2.2B-5.0% | $2.3B-7.1% | $2.3B-7.1% | $2.3B-9.1% | $2.4B-11.9% | $2.5B-14.5% | $2.5B-13.6% |
| Current Liabilities | $412.0M-6.8% | $432.6M-6.0% | $428.9M-16.4% | $473.4M-7.0% | $441.9M-7.3% | $460.1M-15.0% | $512.9M-19.1% | $509.0M-14.5% |
| Non-Current Liabilities | $1.7B-10.7% | $1.8B-4.8% | $1.9B-4.6% | $1.9B-7.1% | $1.9B-9.5% | $1.9B-11.1% | $1.9B-13.3% | $2.0B-13.4% |
| Long-Term Debt | $1.5B-8.7% | $1.7B-1.5% | $1.7B-1.5% | $1.7B-6.0% | $1.7B-7.3% | $1.7B-8.7% | $1.7B-11.6% | $1.8B-10.0% |
| Total Equity | $478.0M-31.3% | $554.0M-26.0% | $708.5M-24.0% | $683.6M-29.8% | $695.6M-35.8% | $748.7M-32.3% | $932.5M-13.0% | $973.7M-10.8% |
| Retained Earnings | -$2.9B-9.0% | -$2.9B-8.6% | -$2.7B-9.9% | -$2.7B-12.7% | -$2.7B-16.3% | -$2.6B-14.1% | -$2.5B-5.8% | -$2.4B-5.1% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.
ADVWW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $23.7M+159.9% | $45.6M+202.5% | $63.6M+87.4% | -$8.1M-115.2% | -$39.6M-322.6% | $15.1M-68.4% | $34.0M-55.2% | $53.4M-13.7% |
| Depreciation & Amortization | $51.6M+2.4% | $50.5M-2.3% | $50.7M-2.2% | $50.7M-1.2% | $50.4M+1.2% | $51.6M+4.4% | $51.9M-1.0% | $51.3M-2.2% |
| Stock-Based Compensation | $0+100.0% | N/A | N/A | N/A | -$1.5M-490.8% | N/A | N/A | N/A |
| Capital Expenditures | $11.4M-24.5% | -$22.2M-47.8% | $11.4M-54.8% | $2.1M-78.0% | $15.1M-2.0% | -$42.5M+1039.0% | $25.3M+144.1% | $9.6M+19.3% |
| Free Cash Flow | $12.3M+122.5% | $23.4M+185.5% | $52.2M+505.1% | -$10.2M-123.3% | -$54.7M-120.8% | -$27.4M-162.4% | $8.6M-86.8% | $43.8M-18.6% |
| Investing Cash Flow | $27.5M+249.3% | $17.5M+451.7% | $7.0M-93.0% | -$2.2M-105.4% | -$18.4M-126.5% | -$5.0M+85.8% | $100.6M+1136.6% | $41.4M+2681.1% |
| Financing Cash Flow | -$146.7M-562.4% | -$26.3M-512.3% | $18.5M+119.9% | -$6.2M+86.9% | -$22.1M+66.9% | -$4.3M+93.2% | -$92.6M-60.5% | -$47.7M+5.1% |
| Share Buybacks | $2.3M+165.4% | $0 | $0-100.0% | $0-100.0% | $869K-92.6% | $0-100.0% | $13.3M | $9.1M |
Not reported in any period shown, so not listed: Dividends Paid.
ADVWW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.4%+0.4pp | 13.9%-0.8pp | 15.2%-0.2pp | 14.5%+0.5pp | 12.0%-0.7pp | 14.7%+2.0pp | 15.4%+2.9pp | 14.0%+1.9pp |
| Operating Margin | 0.5%+2.3pp | -17.4%+1.7pp | 4.4%+4.7pp | 1.1%+11.6pp | -1.8%+1.7pp | -19.1%-21.0pp | -0.3%-1.0pp | -10.4%-12.0pp |
| Net Margin | -8.3%-1.4pp | -17.3%+2.6pp | 2.3%+6.8pp | -3.5%+8.1pp | -6.8%-6.2pp | -20.0%-21.7pp | -4.5%-2.2pp | -11.6%-10.6pp |
| Return on Equity | -15.0%-7.0pp | -29.2%-5.4pp | 2.9%+7.5pp | -4.5%+5.9pp | -8.1%-7.6pp | -23.8%-25.3pp | -4.6%-2.3pp | -10.4%-9.6pp |
| Return on Assets | -2.8%-0.9pp | -5.8%-0.1pp | 0.7%+1.9pp | -1.0%+1.9pp | -1.9%-1.7pp | -5.7%-6.2pp | -1.3%-0.7pp | -2.9%-2.7pp |
| Current Ratio | 1.950.0x | 2.25+0.3x | 2.20+0.3x | 1.96-0.2x | 1.990.0x | 1.98+0.1x | 1.90+0.1x | 2.12+0.2x |
| Debt-to-Equity | 3.18+0.8x | 3.00+0.7x | 2.35+0.5x | 2.43+0.6x | 2.39+0.7x | 2.25+0.6x | 1.810.0x | 1.820.0x |
| Asset Turnover | 0.34+0.1x | 0.330.0x | 0.310.0x | 0.290.0x | 0.270.0x | 0.290.0x | 0.280.0x | 0.250.0x |
| FCF Margin | 1.4%+8.1pp | 2.5%+5.6pp | 5.7%+4.8pp | -1.2%-6.2pp | -6.7%-3.8pp | -3.1%-7.6pp | 0.9%-5.5pp | 5.0%-0.6pp |
Where Advantage Solutions Inc. Ranks
Frequently Asked Questions
What is Advantage Solutions Inc.'s annual revenue?
Advantage Solutions Inc. (ADVWW) reported $3.5B in total revenue for fiscal year 2025. This represents a -0.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Advantage Solutions Inc.'s revenue growing?
Advantage Solutions Inc. (ADVWW) revenue declined by 0.7% year-over-year, from $3.6B to $3.5B in fiscal year 2025.
Is Advantage Solutions Inc. profitable?
No, Advantage Solutions Inc. (ADVWW) reported a net income of -$227.7M in fiscal year 2025, with a net profit margin of -6.4%.
What is Advantage Solutions Inc.'s EBITDA?
Advantage Solutions Inc. (ADVWW) had EBITDA of $75.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Advantage Solutions Inc. have?
As of fiscal year 2025, Advantage Solutions Inc. (ADVWW) had $240.8M in cash and equivalents against $1.7B in long-term debt.
What is Advantage Solutions Inc.'s gross margin?
Advantage Solutions Inc. (ADVWW) had a gross margin of 14.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Advantage Solutions Inc.'s operating margin?
Advantage Solutions Inc. (ADVWW) had an operating margin of -3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Advantage Solutions Inc.'s net profit margin?
Advantage Solutions Inc. (ADVWW) had a net profit margin of -6.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Advantage Solutions Inc.'s return on equity (ROE)?
Advantage Solutions Inc. (ADVWW) has a return on equity of -41.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Advantage Solutions Inc.'s free cash flow?
Advantage Solutions Inc. (ADVWW) generated $55.1M in free cash flow during fiscal year 2025. This represents a -35.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Advantage Solutions Inc.'s operating cash flow?
Advantage Solutions Inc. (ADVWW) generated $61.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Advantage Solutions Inc.'s total assets?
Advantage Solutions Inc. (ADVWW) had $2.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Advantage Solutions Inc.'s capital expenditures?
Advantage Solutions Inc. (ADVWW) invested $6.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Advantage Solutions Inc.'s current ratio?
Advantage Solutions Inc. (ADVWW) had a current ratio of 2.25 as of fiscal year 2025, which is generally considered healthy.
What is Advantage Solutions Inc.'s debt-to-equity ratio?
Advantage Solutions Inc. (ADVWW) had a debt-to-equity ratio of 3.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Advantage Solutions Inc.'s return on assets (ROA)?
Advantage Solutions Inc. (ADVWW) had a return on assets of -8.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Advantage Solutions Inc.'s Piotroski F-Score?
Advantage Solutions Inc. (ADVWW) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Advantage Solutions Inc.'s earnings high quality?
Advantage Solutions Inc. (ADVWW) reported a net loss of $227.7M while generating $61.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Advantage Solutions Inc. cover its interest payments?
Advantage Solutions Inc. (ADVWW) reported an operating loss of $126.5M against $138.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Advantage Solutions Inc.?
Advantage Solutions Inc. (ADVWW) scores 28 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.