← Advantage Solutions Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | — | — | — | $951k | $204.3m | $164.6m | $120.7m | $126.5m | $205.2m | $240.8m | |
| Prepaid Expense and Other Assets, Current | — | — | — | $69.4m | $105.6m | $126.0m | $149.5m | $165.9m | $86.9m | $124.6m | |
| Cash and cash equivalents | $490k | $167k | $340k | $951k | $204.3m | $164.6m | $120.7m | $126.5m | $205.2m | $240.8m | |
| Accounts receivable, net of allowance for expected credit losses of $16,771 and $13,047, respectively | $206k | $60k | $61k | $1.4m | $966k | $842k | $869.0m | $703.3m | $603.1m | $595.0m | |
| Prepaid expenses and other current assets | — | — | — | $69.4m | $105.6m | $126.0m | $149.5m | $165.9m | $86.9m | $124.6m | |
| Short-Term Investments | $1.5m | $950k | $3.9m | $3.8m | $341k | $550k | $0 | — | $0 | $343k | |
| Prepaid Expenses | $167k | $107k | $65k | $97k | $78k | — | — | — | — | — | |
| Assets, Current | — | — | — | $1.3m | $899.8m | $1.1b | $1.2b | $1.0b | $910.7m | $972.6m | |
| Total current assets | $2.3m | $1.3m | $4.4m | $1.3m | $899.8m | $1.1b | $1.2b | $1.0b | $910.7m | $972.6m | |
| Property, Plant and Equipment, Net | $3.3m | $779k | $683k | $114.7m | $80.0m | $63.7m | $70.9m | $73.9m | $97.8m | $115.9m | |
| Goodwill | — | — | — | $2.1b | $2.2b | $2.2b | $887.9m | $855.4m | $477.0m | $438.9m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | — | — | $2.5b | $2.3b | $1.9b | $1.6b | $1.3b | $993.9m | |
| Other intangible assets, net | — | — | — | $2.6b | $2.5b | $2.3b | $1.9b | $1.6b | $1.3b | $993.9m | |
| Operating Lease, Right-of-Use Asset | — | — | $0 | $3.1m | $41.8m | $1.9m | $61.7m | $35.8m | $25.9m | $22.3m | |
| Other Assets, Noncurrent | — | — | — | — | $66.0m | $67.6m | $119.5m | $46.5m | $61.9m | $38.0m | |
| Other assets | — | — | — | $116.5m | $66.0m | $67.6m | $119.5m | $46.5m | $61.9m | $38.0m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $206k | $60k | $61k | $1.4m | $966k | $842k | $869.0m | $703.3m | $603.1m | $595.0m | |
| Restricted cash | — | — | — | $14.8m | $15.7m | $16.0m | $17.8m | $16.4m | $15.5m | $12.1m | |
| Investments in unconsolidated affiliates | — | — | — | $111.7m | $115.6m | $125.2m | $129.5m | $211.4m | $226.5m | $234.1m | |
| Loans to Karman Topco L.P. | — | — | — | ($6.2m) | ($6.3m) | ($6.3m) | ($6.4m) | ($6.4m) | ($7.0m) | ($7.7m) | |
| Contract assets (Note 4) | — | — | — | — | — | — | — | — | $0 | $1.3m | |
| Other Non-Current Assets | — | — | — | — | — | — | $247k | $250k | $261k | $249k | |
| Intellectual Property, Net | $23.0m | $21.3m | $19.7m | $18.0m | $16.3m | $14.9m | $13.2m | $11.5m | $9.8m | $8.1m | |
| Current portion of lease obligations | — | — | $43k | $736k | $688k | $533k | $650k | $344k | $694k | $752k | |
| Convertible debentures (Note 11) | — | — | — | — | — | — | $0 | $1.5m | $4.3m | $0 | |
| Retirement Related Liabilities, Non-Current | $55k | $57k | $27k | $21k | $23k | $22k | $25k | $27k | $25k | $23k | |
| Other Non-Operating Current Assets | $167k | — | $0 | $325k | $78k | $265k | $36k | — | — | — | |
| Other Non-Operating Non-Current Assets | — | — | $560k | $536k | $426k | $234k | $247k | — | — | — | |
| Long-term lease obligations (Note 12) | — | — | — | — | $1.4m | $1.4m | $596k | — | — | — | |
| Other Current Liabilities | — | — | $0 | $131k | $128k | $0 | — | — | — | — | |
| Deposits (Note 4) | — | $519k | $560k | — | — | — | — | — | — | — | |
| Other Non-Operating Current Liabilities | — | $518k | $362k | — | — | — | — | — | — | — | |
| Deferred charges (Note 16) | $85k | $82k | $79k | — | — | — | — | — | — | — | |
| Contributed capital | $7.6m | $8.2m | $9.3m | — | — | — | — | — | — | — | |
| Total Non Current Liabilities | $265k | $741k | $511k | $2.7m | $1.4m | $2.3m | $1.4m | $2.5m | $6.5m | $1.3m | |
| Total capital lease obligation | $125k | $85k | $43k | — | — | — | — | — | — | — | |
| Assets | — | — | — | $454.1m | $5.8b | $5.9b | $4.3b | $3.8b | $3.1b | $2.8b | |
| Total assets | $28.7m | $23.9m | $25.3m | $454.1m | $5.8b | $5.9b | $4.3b | $3.8b | $3.1b | $2.8b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders' equity | $28.7m | $23.9m | $25.3m | $454.1m | $5.8b | $5.9b | $4.3b | $3.8b | $3.1b | $2.8b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | $43k | $2.7m | $20.9m | $20.4m | $21.6m | $15.2m | $13.3m | $11.4m | |
| Accounts Payable, Current | $576k | $1.6m | $500k | $100k | $195.5m | $277.4m | $261.5m | $181.1m | $158.5m | $162.4m | |
| Operating Lease, Liability, Noncurrent | — | — | $43k | $2.7m | $44.7m | $40.4m | $56.4m | $35.4m | $24.6m | $20.7m | |
| Deferred Revenue, Current | — | — | — | $45.6m | $51.9m | $50.5m | $37.3m | $27.9m | $24.2m | $30.5m | |
| Dividends Payable | — | — | — | — | — | — | $0 | $0 | — | — | |
| Long-term Debt, Excluding Current Maturities | — | — | — | $27.7m | $2.0b | $2.0b | $2.0b | $1.9b | $1.7b | $1.7b | |
| Long-term Debt, Current Maturities | — | — | — | $27.7m | $63.7m | $14.4m | $14.0m | $13.6m | $13.2m | $13.2m | |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | $2.0b | $2.0b | $2.0b | $1.9b | $1.7b | $1.7b | |
| Current portion of long-term debt | — | — | — | $27.7m | $63.7m | $14.4m | $14.0m | $13.6m | $13.2m | $13.2m | |
| Accrued compensation and benefits | — | — | — | $136.6m | $142.1m | $139.2m | $154.7m | $165.7m | $129.5m | $121.1m | |
| Other accrued expenses | — | — | — | $128.8m | $121.8m | $164.1m | $133.2m | $153.0m | $134.7m | $105.4m | |
| Long-term debt, net of current portion | — | — | — | $3.2b | $2.0b | $2.0b | $2.0b | $1.9b | $1.7b | $1.7b | |
| Accrued Income Taxes | $98 | $201 | $0 | — | — | — | — | — | — | — | |
| Liabilities, Current | — | — | — | $228k | $575.0m | $645.5m | $600.7m | $541.3m | $460.1m | $432.6m | |
| Total current liabilities | $613k | $1.6m | $542k | $228k | $575.0m | $645.5m | $600.7m | $541.3m | $460.1m | $432.6m | |
| Deferred Income Tax Liabilities, Net | — | — | — | $506.4m | $491.2m | $483.2m | $297.9m | $204.3m | $146.9m | $90.0m | |
| Other Liabilities, Noncurrent | — | — | — | — | $141.9m | $92.2m | $110.6m | $76.2m | $64.1m | $56.2m | |
| Deferred income tax liabilities | — | — | — | $506.4m | $491.2m | $483.2m | $297.9m | $204.3m | $146.9m | $90.0m | |
| Other long-term liabilities | — | — | $441k | $146.3m | $141.9m | $92.2m | $110.6m | $76.2m | $64.1m | $56.2m | |
| Deferred Tax Liabilities, Net | — | — | — | $506.4m | $489.1m | $482.4m | $295.7m | $202.0m | $144.2m | $86.6m | |
| Liabilities | — | — | — | $16.0m | $3.3b | $3.3b | $3.0b | $2.7b | $2.4b | $2.2b | |
| Total liabilities | $878k | $2.3m | $1.1m | $16.0m | $3.2b | $3.3b | $3.0b | $2.7b | $2.4b | $2.2b | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | — | — | — | — | — | $1.9m | $3.7m | $0 | — | — | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | — | — | — | $1k | $32k | $32k | $32k | $32k | $32k | $33k | |
| Additional Paid in Capital | — | — | $9.3m | $2.5m | $3.3b | $3.4b | $3.4b | $3.4b | $3.5b | $3.5b | |
| Retained Earnings (Accumulated Deficit) | — | — | — | $2.5m | ($921.1m) | ($866.6m) | ($2.2b) | ($2.3b) | ($2.6b) | ($2.9b) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $11k | $711k | $711k | ($8.2m) | $674k | ($4.5m) | ($18.8m) | ($3.9m) | ($15.9m) | ($4.2m) | |
| Preferred stock, no par value, 10,000,000 shares authorized; none issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.0001 par value, 3,290,000,000 shares authorized; 326,429,909 and 320,773,096 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 86.0m | 88.1m | 96.7m | 1k | 32k | 32k | 32k | 32k | 32k | 33k | |
| Accumulated deficit | ($66.5m) | ($75.4m) | ($82.4m) | $2.5m | ($907.7m) | ($866.6m) | ($2.2b) | ($2.3b) | ($2.6b) | ($2.9b) | |
| Accumulated other comprehensive loss | $11k | $711k | $711k | ($8.2m) | $674k | ($4.5m) | ($18.8m) | ($3.9m) | ($15.9m) | ($4.2m) | |
| Treasury stock, at cost; 12,894,517 and 12,400,075 shares as of December 31, 2025 and 2024, respectively | — | — | — | — | $0 | ($12.6m) | ($12.6m) | ($18.9m) | ($53.0m) | ($53.9m) | |
| Stockholders' Equity Attributable to Parent | — | — | — | $5.0m | $2.4b | $2.5b | $1.1b | $1.1b | $748.7m | — | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | $97.0m | $97.1m | $101.7m | ($1.3m) | $0 | — | |
| Total stockholders' equity | — | — | — | $5.0m | $2.5b | $2.6b | $1.2b | $1.1b | $748.7m | $554.0m | |
| Liabilities and Equity | — | — | — | $454.1m | $5.8b | $5.9b | $4.3b | $3.8b | $3.1b | $2.8b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.