Advantage Solutions Inc. ADV
We provide outsourced sales, marketing, merchandising, sampling, and retailer support services to consumer packaged goods ("CPG") manufacturers and retailers primarily across North America. Our services are designed to support distribution, retail execution, shopper engagement, and private brand development across both physical and digital commerce environments. We serve more than 4,000 clients across grocery, mass, club, retail pharmacy, convenience, and other channels in over 100,000 retail locations.
We operate through three reportable segments: Branded Services, Experiential Services, and Retailer Services. Our revenue model consists of commissions, fee for service arrangements, and cost-plus structures depending on the nature of the engagement. Expenses related to our employees, which we refer to as teammates, are a major component of the costs associated with our service delivery model, and financial performance is influenced by program volumes, service mix, and workforce utilization.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- North America
- Asia Pacific
- Other
| Region | FY2025 | FY2024 |
|---|---|---|
| North America | $3.37B | $3.41B |
| Asia Pacific | $163.2M | $145.6M |
| Other | $11.2M | $7.8M |
As the company reported it, from the “Operating Segments and Geographic Information - Summary of Revenues by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.54B | $3.57B | $3.90B | $3.65B | $3.60B | $3.16B | $3.16B | $3.71B | — |
| SG&A | $276.1M | $324.6M | $250.2M | $175.4M | $168.1M | $306.3M | $175.4M | $152.5M | — |
| Total operating expenses | $3.67B | $3.86B | $3.85B | $5.14B | $3.37B | $3.09B | $3.57B | $4.80B | — |
| Operating income | -$126.5M | -$295.0M | $46.6M | -$1.49B | $230.0M | $67.0M | $213.7M | -$1.09B | — |
| Interest expense | $138.9M | $146.8M | $165.7M | $104.4M | $137.9M | $234.0M | $232.1M | $229.6M | — |
| Pre-tax income | -$265.3M | -$441.2M | -$118.9M | -$1.58B | $91.2M | -$180.4M | -$18.4M | -$1.32B | — |
| Income tax | $37.6M | $62.8M | $37.6M | $158.4M | $33.6M | $5.3M | $1.4M | $168.3M | — |
| Net income | -$227.7M | -$324.8M | -$60.4M | -$1.38B | $57.5M | -$175.8M | -$21.2M | -$1.16B | — |
| EPS, basic | — | — | -0.20 | -4.33 | 0.17 | -0.79 | -0.10 | — | — |
| EPS, diluted | — | — | -0.20 | -4.33 | 0.17 | -0.79 | -0.10 | -5.68 | — |
| Shares, diluted (wtd. avg.) | 324.6M | 321.5M | 323.7M | 318.7M | 321.0M | 223.2M | 203.8M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $240.8M | $205.2M | $120.8M | $135.8M | $176.5M | $220.0M | $199.0M | $144.5M | $188.6M |
| Receivables | $595.0M | $603.1M | $659.5M | $869.0M | — | — | — | — | — |
| Total current assets | $972.6M | $910.7M | $1.01B | $1.16B | $1.10B | $899.8M | $952.5M | — | — |
| Property, plant and equipment | $115.9M | $97.8M | $64.7M | $70.9M | $63.7M | $80.0M | $114.7M | — | — |
| Goodwill | $438.9M | $477.0M | $710.2M | $724.8M | $2.21B | $2.16B | $2.12B | $2.11B | — |
| Other intangibles | $993.9M | $1.33B | $1.55B | $1.90B | $2.29B | $2.45B | $2.60B | — | — |
| Total assets | $2.79B | $3.11B | $3.78B | $4.26B | $5.85B | $5.78B | $6.01B | — | — |
| Accounts payable | $162.4M | $158.5M | $172.9M | $261.5M | $277.4M | $195.5M | $179.4M | — | — |
| Short-term debt | $13.2M | $13.2M | $13.3M | $14.0M | $14.4M | $63.7M | $27.7M | — | — |
| Total current liabilities | $432.6M | $460.1M | $541.3M | $600.7M | $645.5M | $575.0M | $518.1M | — | — |
| Long-term debt | $1.66B | $1.69B | $1.85B | $2.02B | $2.03B | $2.03B | $3.17B | — | — |
| Total liabilities | $2.24B | $2.36B | $2.68B | $3.03B | $3.27B | $3.26B | $4.34B | — | — |
| Retained earnings | -$2.87B | -$2.64B | -$2.31B | -$2.25B | -$866.6M | -$921.1M | -$745.3M | — | — |
| Total equity | $554.0M | $748.7M | $1.10B | $1.23B | $2.58B | $2.52B | $1.67B | $1.67B | $2.85B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $61.5M | $93.1M | $228.5M | $104.7M | $126.0M | $345.7M | $151.3M | $126.3M | — |
| Depreciation and amortisation | $30.7M | $27.3M | $22.0M | $27.0M | $41.1M | $45.1M | $42.7M | $36.4M | — |
| Stock-based compensation | -$1.5M | $723.0K | -$2.5M | -$6.9M | -$15.0M | $89.8M | $1.3M | -$7.9M | — |
| Capital expenditure | $6.5M | $7.8M | $20.7M | $12.4M | $31.2M | $30.9M | $52.4M | $47.2M | — |
| Investing cash flow | $3.8M | $206.4M | -$50.5M | -$106.1M | -$75.8M | -$99.0M | -$61.8M | -$231.4M | — |
| Financing cash flow | -$36.2M | -$211.4M | -$178.4M | -$31.4M | -$86.3M | -$230.2M | -$38.2M | $70.1M | — |
| Buybacks | $869.0K | $34.1M | $6.4M | $0 | $12.6M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-170691.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $3.71B | $3.16B | $3.16B | $3.60B | $3.65B | $3.90B | $3.57B | $3.54B |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Net income | — | -$1.16B | -$21.2M | -$175.8M | $57.5M | -$1.38B | -$60.4M | -$324.8M | -$227.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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