Advantage Solutions Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 2026
ADV$32.29-2.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(159,636) | $(66,005) |
| Adjustments to reconcile net loss to net cash provided by operating activities | ||
| Non-cash adjustments on derivatives and non-cash interest income | (2,773) | (2,131) |
| Amortization of deferred financing fees | 5,312 | 5,272 |
| Deferred financing costs recognized at debt modification | 1,178 | — |
| Depreciation and amortization | 153,856 | 151,802 |
| Deferred income taxes | 2,295 | (9,757) |
| Equity-based compensation of Karman Topco L.P. | — | (1,524) |
| Stock-based compensation | 15,097 | 20,483 |
| Gain on repurchases of Senior Secured Notes and Term Loan Facility debt | — | (1,624) |
| Loss (gain) on divestiture, net | 718 | (8,472) |
| Income from unconsolidated investments | (5,992) | (5,566) |
| Distribution received from equity method investments | 2,883 | — |
| Impairment and related restructuring costs | 19,895 | — |
| Other | 706 | 242 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (17,180) | (30,077) |
| Prepaid expenses and other assets | 48,775 | (1,901) |
| Accounts payable | 11,868 | 10,160 |
| Accrued compensation and benefits | (15,856) | (32,860) |
| Deferred revenues | (5,359) | 6,239 |
| Other accrued expenses and other liabilities | 12,447 | (18,379) |
| Net cash provided by operating activities | 68,234 | 15,902 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of investments in unconsolidated affiliates | (6,075) | (3,623) |
| Purchase of property and equipment and development of capitalized software | (31,235) | (28,662) |
| Proceeds from divestitures | 41,442 | 41,112 |
| Net cash provided by investing activities | 4,132 | 8,827 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Borrowings under lines of credit | 170,000 | 90,000 |
| Payments on lines of credit | (170,000) | (90,000) |
| Payment of deferred financing fees for line of credit modification | (13,914) | — |
| Principal payments on long-term debt | (144,251) | (9,938) |
| Repurchases of Senior Secured Notes and Term Loan Facility | — | (18,243) |
| Deferred consideration paid for purchases in unconsolidated affiliates | — | (1,500) |
| Proceeds from 2020 Employee Stock Purchase Plan | 1,691 | 1,838 |
| Payments for taxes related to net share settlement of equity awards | (4,610) | (3,698) |
| Purchase of treasury stock | (19,252) | (869) |
| Net cash used in financing activities | (180,336) | (32,410) |
| Net effect of foreign currency changes on cash, cash equivalents and restricted cash | (1,592) | 178 |
| Net change in cash, cash equivalents and restricted cash | (109,562) | (7,503) |
| Cash, cash equivalents and restricted cash, beginning of period | 252,987 | 220,751 |
| Cash, cash equivalents and restricted cash, end of period | $143,425 | $213,248 |
| SUPPLEMENTAL CASH FLOW INFORMATION | ||
| Purchases of property and equipment recorded in accounts payable and accrued expenses | $3,708 | $4,841 |
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