Advantage Solutions Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
ADV$32.29-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except share and per share data) | 2026 | 2025 |
| Revenues | $869,601 | $821,792 |
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 761,574 | 722,754 |
| Selling, general, and administrative expenses | 53,309 | 64,865 |
| Depreciation and amortization | 51,570 | 50,361 |
| Gain on divestiture and income from investments in European joint venture | (1,014) | (1,567) |
| Total operating expenses | 865,439 | 836,413 |
| Operating income (loss) | 4,162 | (14,621) |
| Other expenses (income): | ||
| Interest expense, net | 34,798 | 34,360 |
| Income from unconsolidated investments | (2,472) | — |
| Other expense, including debt fees | 20,352 | 10 |
| Total other expenses, net | 52,678 | 34,370 |
| Loss before income tax expense | (48,516) | (48,991) |
| Income tax expense | 23,315 | 7,139 |
| Net loss | $(71,831) | $(56,130) |
| Basic loss per common share | $(5.49) | $(4.36) |
| Diluted loss per common share | $(5.49) | $(4.36) |
| Weighted-average number of common shares: | ||
| Basic | 13,077,003 | 12,867,338 |
| Diluted | 13,077,003 | 12,867,338 |
| Comprehensive (Loss) Income: | ||
|---|---|---|
| Net loss | $(71,831) | $(56,130) |
| Other comprehensive (loss) income, net of tax: | ||
| Foreign currency translation adjustments | (4,303) | 802 |
| Total comprehensive loss | $(76,134) | $(55,328) |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Additional · Other · Total | |||||||||
| Common Stock · Treasury Stock · Paid-in · Accumulated · Loans to · Comprehensive · Stockholders' | |||||||||
| (in thousands, except share data) | Shares | Amount | Shares | Amount | Capital | Deficit | Topco | Loss | Equity |
| Balance at January 1, 2026 | 13,058,853 | $1 | 515,780 | $(53,885) | $3,489,020 | $(2,869,347) | $(7,673) | $(4,158) | $553,958 |
| Comprehensive loss | |||||||||
| Net loss | — | — | — | — | — | (71,831) | — | — | (71,831) |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | (4,303) | (4,303) |
| Total comprehensive loss | — | — | — | — | — | — | — | — | (76,134) |
| Interest on loans to Karman Topco L.P. | — | — | — | — | — | — | (161) | — | (161) |
| Retirement of treasury stock | — | — | (566,408) | 55,125 | (55,125) | — | — | — | — |
| Purchase of treasury stock | (94,176) | — | 94,176 | (2,306) | — | — | — | — | (2,306) |
| Shares issued under 2020 Employee Stock Purchase Plan | 96,519 | — | — | — | 744 | — | — | — | 744 |
| Payments for taxes related to net share settlement under 2020 Incentive Award Plan | — | — | — | — | (73) | — | — | — | (73) |
| Shares issued under 2020 Incentive Award Plan | 19,595 | — | — | — | — | — | — | — | — |
| Stock-based compensation expense | — | — | — | — | 2,000 | — | — | — | 2,000 |
| Balance at March 31, 2026 | 13,080,791 | $1 | 43,548 | $(1,066) | $3,436,566 | $(2,941,178) | $(7,834) | $(8,461) | $478,028 |
| Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Additional · Other · Total | |||||||||
| Common Stock · Treasury Stock · Paid-in · Accumulated · Loans to · Comprehensive · Stockholders' | |||||||||
| (in thousands, except share data) | Shares | Amount | Shares | Amount | Capital | Deficit | Topco | Loss | Equity |
| Balance at January 1, 2025 | 12,830,924 | $1 | 496,003 | $(53,016) | $3,466,252 | $(2,641,612) | $(7,029) | $(15,861) | $748,735 |
| Comprehensive (loss) income | |||||||||
| Net loss | — | — | — | — | — | (56,130) | — | — | (56,130) |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | 802 | 802 |
| Total comprehensive loss | — | — | — | — | — | — | — | — | (55,328) |
| Interest on loans to Karman Topco L.P. | — | — | — | — | — | — | (161) | — | (161) |
| Purchase of treasury stock | (19,778) | — | 19,778 | (869) | — | — | — | — | (869) |
| Equity-based compensation of Karman Topco L.P. | — | — | — | — | (1,524) | — | — | — | (1,524) |
| Shares issued under 2020 Employee Stock Purchase Plan | 15,120 | — | — | — | 993 | — | — | — | 993 |
| Payments for taxes related to net share settlement under 2020 Incentive Award Plan | — | — | — | — | (2,396) | — | — | — | (2,396) |
| Shares issued under 2020 Incentive Award Plan | 104,345 | — | — | — | — | — | — | — | — |
| Stock-based compensation expense | — | — | — | — | 6,125 | — | — | — | 6,125 |
| Balance at March 31, 2025 | 12,930,611 | $1 | 515,781 | $(53,885) | $3,469,450 | $(2,697,742) | $(7,190) | $(15,059) | $695,575 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.