Advantage Solutions Inc (ADV) Income Statement
ADV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsADV revenue and net income
Where ADV's revenue goes
2025Each bar shows an amount and its share of revenue. ADV kept −6.4% of revenue as net income.
ADV profit margins
ADV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.7% | −1.0% | +2.3% | +6.5% |
| Gross profit | −2.5% | +1.5% | −3.9% | +1.2% |
| Operating income | — | — | −24.9% | −22.5% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ADV quarterly EPS vs estimates
Advantage Solutions beat the analyst EPS estimate in 0 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.42).
ADV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.54B | $3.57B | $3.90B | $3.65B | $3.60B | $3.16B | $3.79B | $3.71B | $2.42B | $2.10B |
| Cost of revenue | $3.05B | $3.06B | $3.42B | $3.17B | $2.96B | $2.55B | $3.16B | $3.11B | $1.89B | $1.61B |
| Gross profit | $494.3M | $507.3M | $485.1M | $472.8M | $638.2M | $604.2M | $621.6M | $599.0M | $524.2M | $488.9M |
| Sales, general & admin | $276.1M | $324.6M | $256.2M | $190.4M | $307.0M | $553.7M | $175.4M | $152.5M | — | $97.5M |
| Total operating expenses | $478.3M | $802.3M | $438.5M | $1.97B | $408.1M | $537.2M | $407.9M | $377.7M | $315.4M | $267.8M |
| Operating income | $16.0M | −$295.0M | $46.6M | −$1.49B | $230.0M | $67.0M | $213.7M | −$1.09B | $262.1M | $221.1M |
| Interest expense | $138.9M | $146.8M | $165.7M | $104.4M | $137.9M | $234.0M | $232.1M | $229.6M | $0 | $167.4M |
| Income before taxes | −$265.3M | −$441.2M | −$118.9M | −$1.58B | $91.2M | −$180.4M | −$18.4M | −$1.32B | $29.2M | $53.8M |
| Income taxes | −$37.6M | −$62.8M | −$37.6M | −$158.4M | $33.6M | −$5.3M | $1.4M | −$168.3M | −$358.8M | $22.6M |
| Net income | −$227.7M | −$327.0M | −$63.3M | −$1.38B | $54.5M | −$175.8M | −$21.2M | −$1.16B | $386.4M | $32.1M |
| EBITDA | $75.9M | −$89.8M | $255.7M | −$1.26B | $469.1M | $292.2M | $446.2M | −$864.7M | $442.0M | $397.2M |
| EPS (diluted) | −$1.64 | −$4.80 | $2.33 | $16.20 | $11.70 | $5.56 | $0.04 | −$144.67 | $47.41 | $3.94 |
| Gross margin | 14.0% | 14.2% | 12.4% | 13.0% | 17.7% | 19.1% | 16.4% | 16.2% | 21.7% | 23.3% |
| Operating margin | 0.5% | −8.3% | 1.2% | −41.0% | 6.4% | 2.1% | 5.6% | −29.4% | 10.8% | 10.5% |
| Net margin | −6.4% | −9.2% | −1.6% | −37.9% | 1.5% | −5.6% | −0.6% | −31.2% | 16.0% | 1.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $889.5M | $869.6M | $932.1M | $915.0M | $873.7M | $821.8M | $892.3M | $939.3M | $873.4M | $861.4M | $1.08B | $1.02B |
| Cost of revenue | $783.8M | $813.1M | $852.6M | $827.2M | $746.9M | $773.1M | $760.9M | $795.0M | $751.3M | $751.8M | $920.1M | $892.3M |
| Gross profit | $105.6M | $56.5M | $79.5M | $87.8M | $126.8M | $48.7M | $131.4M | $144.3M | $122.0M | $109.6M | $159.6M | $127.4M |
| Sales, general & admin | $50.9M | $53.3M | $85.0M | $57.6M | $68.7M | $64.9M | $74.2M | $98.4M | $62.9M | $89.7M | $60.6M | $76.1M |
| Total operating expenses | $103.9M | $45.0M | $58.8M | $47.1M | $119.4M | $50.4M | $302.0M | $147.5M | $213.3M | $139.5M | $113.4M | $120.7M |
| Operating income | $1.7M | $11.5M | $20.7M | $40.8M | $7.4M | −$1.8M | −$170.6M | −$3.2M | −$91.3M | −$29.9M | $46.2M | $6.7M |
| Interest expense | $40.0M | $34.8M | $33.8M | $35.0M | $35.8M | $36.0M | $32.3M | $39.0M | $39.8M | $35.8M | $45.9M | $42.3M |
| Income before taxes | −$40.9M | −$48.5M | −$195.8M | $5.3M | −$25.8M | −$49.0M | −$202.7M | −$42.2M | −$130.3M | −$66.0M | $1.2M | −$36.2M |
| Income taxes | $21.8M | $23.3M | −$34.1M | −$15.2M | $4.6M | $7.1M | −$24.7M | −$4.9M | −$17.3M | −$15.9M | −$16.6M | −$6.6M |
| Net income | −$62.7M | −$71.8M | −$161.7M | $20.6M | −$30.4M | −$56.1M | −$177.9M | −$42.8M | −$100.8M | −$5.3M | $17.4M | −$24.3M |
| EBITDA | $55.6M | $37.9M | −$111.5M | $91.0M | $60.7M | $37.4M | −$118.8M | $48.6M | −$39.3M | $19.5M | $101.5M | $58.5M |
| EPS (diluted) | −$4.85 | −$5.49 | −$0.02 | $1.83 | −$0.09 | −$3.36 | −$0.01 | $0.08 | −$6.12 | $1.25 | $1.51 | $0.33 |
| Gross margin | 11.9% | 6.5% | 8.5% | 9.6% | 14.5% | 5.9% | 14.7% | 15.4% | 14.0% | 12.7% | 14.8% | 12.5% |
| Operating margin | 0.2% | 1.3% | 2.2% | 4.5% | 0.8% | −0.2% | −19.1% | −0.3% | −10.4% | −3.5% | 4.3% | 0.7% |
| Net margin | −7.1% | −8.3% | −17.4% | 2.2% | −3.5% | −6.8% | −19.9% | −4.6% | −11.5% | −0.6% | 1.6% | −2.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ADV's financial statements (latest annual report filed March 3, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ADV financial results
In fiscal year 2025 (ended December 31, 2025), Advantage Solutions reported revenue of $3.5 billion, down 0.7% from the year before. It had a net loss of $227.7 million, a net profit margin of −6.4%. Diluted earnings per share came to −$1.64. Over five years revenue grew at an average rate of 2.3% a year.
See the ADV stock overview for the latest quote and news, or the ADV chart for price history and technical indicators.
ADV income statement FAQ
What is Advantage Solutions's annual revenue?
Advantage Solutions reported total revenue of $3.5 billion for fiscal year 2025, which ended on December 31, 2025. That was down 0.7% from $3.6 billion the previous year.
Is Advantage Solutions profitable?
No. Advantage Solutions reported a net loss of $227.7 million in fiscal 2025, a net profit margin of −6.4%; its operating margin was 0.5%.
What is Advantage Solutions's gross margin?
Advantage Solutions's gross margin was 14.0% in fiscal 2025: for every $100 of revenue, Advantage Solutions kept $14 after the direct cost of its products and services.
How fast is Advantage Solutions growing?
Revenue grew 2.3% a year on average over the last five fiscal years, from $3.2 billion to $3.5 billion.
What are Advantage Solutions's earnings per share?
Advantage Solutions earned $-1.64 per diluted share in fiscal 2025, compared with $-4.80 a year earlier.
When will Advantage Solutions report its next earnings?
Advantage Solutions is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Advantage Solutions's fiscal year end?
Advantage Solutions's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 3, 2026.