# Advantage Solutions Inc.: overview

ADV · Nasdaq · CIK 1776661 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/adv.md) · [Financials](/companies/adv/financials.md) · [Filings](/companies/adv/filings.md) · [Insiders](/companies/adv/insiders.md)

Latest reported revenue: [$889.5m](/filings/0001193125-26-334564.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-334564).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [939](/filings/0001193125-25-269649.md) | [892 d](/filings/0001193125-26-088543.md) | [822](/filings/0001193125-26-209261.md) | [874](/filings/0001193125-26-334564.md) | [915](/filings/0001193125-25-269649.md) | [932 d](/filings/0001193125-26-088543.md) | [870](/filings/0001193125-26-209261.md) | [889](/filings/0001193125-26-334564.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(0.3%)](/filings/0001193125-25-269649.md) | [(19.1%) d](/filings/0001193125-26-088543.md) | [(1.8%)](/filings/0001193125-26-209261.md) | [1.1%](/filings/0001193125-26-334564.md) | [4.4%](/filings/0001193125-25-269649.md) | [(17.4%) d](/filings/0001193125-26-088543.md) | [0.5%](/filings/0001193125-26-209261.md) | [0.2%](/filings/0001193125-26-334564.md) |
| Net margin | % | [(4.6%)](/filings/0001193125-25-269649.md) | [(20.0%) d](/filings/0001193125-26-088543.md) | [(6.8%)](/filings/0001193125-26-209261.md) | [(3.5%)](/filings/0001193125-26-334564.md) | [2.2%](/filings/0001193125-25-269649.md) | [(17.4%) d](/filings/0001193125-26-088543.md) | [(8.3%)](/filings/0001193125-26-209261.md) | [(7.1%)](/filings/0001193125-26-334564.md) |
| Diluted EPS | $ per share | [(0.13)](/filings/0000950170-24-124611.md) | not reported | [(4.36)](/filings/0001193125-26-209261.md) | [(2.35)](/filings/0001193125-26-334564.md) | not reported | not reported | [(5.49)](/filings/0001193125-26-209261.md) | [(4.85)](/filings/0001193125-26-334564.md) |
| Free cash flow | $m | [8.6 d](/filings/0001193125-25-269649.md) | [(27.4) d](/filings/0001193125-26-088543.md) | [(54.7)](/filings/0001193125-26-209261.md) | [(10.2) d](/filings/0001193125-26-334564.md) | [52.2 d](/filings/0001193125-25-269649.md) | [23.4 d](/filings/0001193125-26-088543.md) | [12.3](/filings/0001193125-26-209261.md) | [(16.0) d](/filings/0001193125-26-334564.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,602](/filings/0000950170-24-023841.md) | [3,646](/filings/0000950170-25-035151.md) | [3,900](/filings/0001193125-26-088543.md) | [3,566](/filings/0001193125-26-088543.md) | [3,543](/filings/0001193125-26-088543.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [6.4%](/filings/0000950170-24-023841.md) | [(41.0%)](/filings/0000950170-25-035151.md) | [1.2%](/filings/0001193125-26-088543.md) | [(8.3%)](/filings/0001193125-26-088543.md) | [(3.6%)](/filings/0001193125-26-088543.md) |
| Net margin | % | [1.5%](/filings/0000950170-24-023841.md) | [(37.9%)](/filings/0000950170-25-035151.md) | [(1.6%)](/filings/0001193125-26-088543.md) | [(9.2%)](/filings/0001193125-26-088543.md) | [(6.4%)](/filings/0001193125-26-088543.md) |
| Diluted EPS | $ per share | [0.17](/filings/0000950170-24-023841.md) | [(4.33)](/filings/0000950170-24-023841.md) | [(0.20)](/filings/0000950170-24-023841.md) | not reported | not reported |
| Free cash flow | $m | [94.8](/filings/0000950170-24-023841.md) | [92.4](/filings/0000950170-25-035151.md) | [208](/filings/0001193125-26-088543.md) | [85.3](/filings/0001193125-26-088543.md) | [55.1](/filings/0001193125-26-088543.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/adv/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Leonard Green & Partners, L.P.](/funds/1175523.md) | 2026-06-30 | $26.7m | 618,000 |  | Unchanged |
| [CVC Management Holdings II Ltd.](/funds/2023131.md) | 2026-06-30 | $26.4m | 611,600 |  | Unchanged |
| [CastleKnight Management LP](/funds/1835751.md) | 2026-06-30 | $25.1m | 581,347 |  | Reduced −166,976 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $14.7m | 339,775 |  | Added +58,486 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $8.7m | 200,310 |  | Reduced −33,322 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $5.5m | 126,287 |  | Added +10,264 |
| [Bain Capital Investors LLC](/funds/1040508.md) | 2026-06-30 | $5.0m | 115,600 |  | Unchanged |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $4.4m | 101,381 |  | Reduced −30,467 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $4.2m | 96,609 |  | Reduced −60,452 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $3.9m | 90,502 |  | Added +3,190 |

## Recent filings

[All 481 filings](/companies/adv/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-19 | 11:43 ET | [8-K](/filings/0001193125-26-424675.md) | 5.03 Amendment to articles or bylaws | 0001193125-26-424675 |
| 2026-10-05 | 20:46 ET | [8-K](/filings/0001193125-26-414290.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001193125-26-414290 |
| 2026-08-05 | 17:54 ET | [10-Q](/filings/0001193125-26-334564.md) | Quarterly report, period 2026-06-30 | 0001193125-26-334564 |
| 2026-08-05 | 11:13 ET | [8-K](/filings/0001193125-26-333843.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-333843 |
| 2026-05-28 | 20:41 ET | [8-K](/filings/0001193125-26-245369.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-245369 |
| 2026-05-18 | 20:30 ET | [SCHEDULE 13D/A](/filings/0001193125-26-229005.md) | Ownership report, active investor, amended | 0001193125-26-229005 |
| 2026-05-06 | 20:52 ET | [10-Q](/filings/0001193125-26-209261.md) | Quarterly report, period 2026-03-31 | 0001193125-26-209261 |
| 2026-05-06 | 11:04 ET | [8-K](/filings/0001193125-26-207534.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-207534 |
| 2026-04-22 | 21:07 ET | [DEF 14A](/filings/0001193125-26-170691.md) | Proxy statement, period 2026-05-27 | 0001193125-26-170691 |
| 2026-03-31 | 20:02 ET | [8-K](/filings/0001193125-26-134466.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001193125-26-134466 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-088543.md), filed Mar 3, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/0ab69514-82c3-45bf-a30f-14de59640a94)

## About the filer

- CIK: 1776661
- Tickers: ADV
- Exchange: Nasdaq
- SIC code: 7389 Services-Business Services, NEC
- State of incorporation: not reported
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:47 ET. No prices; not investment advice.