Advantage Solutions Inc. income statement
In fiscal 2025, Advantage Solutions Inc. reported revenue of $3.54bn, down 0.7% on the year before, operating income of −$126m (a -3.6% margin) and net income of −$228m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,708 | 3,785 | 3,156 | 3,602 | 3,646 | 3,900 | 3,566 | 3,543 | 3,606 |
| Selling, general and administrative | 152 | 175 | 306 | 168 | 175 | 250 | 325 | 276 | 247 |
| Operating income | −1,090 | 214 | 67 | 230 | −1,494 | 47 | −295 | −126 | −116 |
| Interest expense | 230 | 232 | 234 | 138 | 104 | 166 | 147 | 139 | 144 |
| Income before tax | −1,320 | −18 | −180 | 91 | −1,577 | −119 | −441 | −265 | −280 |
| Income tax | −168 | 1 | −5 | 34 | −158 | −38 | −63 | −38 | −4 |
| Net income | −1,157 | −21 | −176 | 54 | −1,381 | −63 | −327 | −228 | −276 |
| Diluted EPS | −$5.68 | −$0.10 | −$0.79 | $0.17 | −$4.33 | −$0.20 | — | — | — |
| Diluted shares (average) | 204m | 204m | 223m | 321m | 319m | 324m | 322m | 325m | — |
| EBITDA | −865 | 446 | 306 | 470 | −1,278 | 255 | −90 | 76 | 88 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 939 | 892 | 822 | 874 | 915 | 932 | 870 | 889 |
| Selling, general and administrative | 98 | 74 | 65 | 69 | 58 | 85 | 53 | 51 |
| Operating income | −3 | −171 | −15 | 10 | 40 | −162 | 4 | 2 |
| Interest expense | 39 | 32 | 34 | 36 | 35 | 34 | 35 | 40 |
| Income before tax | −42 | −203 | −49 | −26 | 5 | −196 | −49 | −41 |
| Income tax | −5 | −25 | 7 | 5 | −15 | −34 | 23 | 22 |
| Net income | −43 | −178 | −56 | −30 | 21 | −162 | −72 | −63 |
| Diluted EPS | −$3.25 | — | −$4.36 | −$2.35 | — | — | −$5.49 | −$4.85 |
| EBITDA | 49 | −119 | 36 | 61 | 91 | −112 | 56 | 53 |
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