Advantage Solutions Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 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.
Jun 30, 2026 · Filed Aug 5, 2026
ADV$32.29-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands, except share and per share data) | 2026 | 2025 | 2026 | 2025 |
| Revenues | $889,450 | $873,707 | $1,759,051 | $1,695,499 |
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 783,831 | 746,932 | 1,545,405 | 1,469,686 |
| Selling, general, and administrative expenses | 50,924 | 68,657 | 104,233 | 133,522 |
| Depreciation and amortization | 51,271 | 50,698 | 102,842 | 101,059 |
| Loss on divestiture, net | 1,732 | — | 718 | — |
| Income from investments in European joint venture | — | (2,591) | — | (4,158) |
| Total operating expenses | 887,758 | 863,696 | 1,753,198 | 1,700,109 |
| Operating income (loss) | 1,692 | 10,011 | 5,853 | (4,610) |
| Other expenses (income): | ||||
| Interest expense, net | 39,963 | 35,814 | 74,761 | 70,174 |
| Income from unconsolidated investments | (2,389) | — | (4,861) | — |
| Other expense, including debt fees | 5,000 | 16 | 25,352 | 26 |
| Total other expenses, net | 42,574 | 35,830 | 95,252 | 70,200 |
| Loss before income tax expense | (40,882) | (25,819) | (89,399) | (74,810) |
| Income tax expense | 21,825 | 4,621 | 45,139 | 11,760 |
| Net loss | $(62,707) | $(30,440) | $(134,538) | $(86,570) |
| Basic loss per common share | $(4.85) | $(2.35) | $(10.35) | $(6.70) |
| Diluted loss per common share | $(4.85) | $(2.35) | $(10.35) | $(6.70) |
| Weighted-average number of common shares: | ||||
| Basic | 12,916,928 | 12,972,587 | 12,996,965 | 12,920,253 |
| Diluted | 12,916,928 | 12,972,587 | 12,996,965 | 12,920,253 |
| Comprehensive (Loss) Income: | ||||
|---|---|---|---|---|
| Net loss | $(62,707) | $(30,440) | $(134,538) | $(86,570) |
| Other comprehensive (loss) income, net of tax: | ||||
| Foreign currency translation adjustments | (1,612) | 13,365 | (5,915) | 14,167 |
| Total comprehensive loss | $(64,319) | $(17,075) | $(140,453) | $(72,403) |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| Additional Paid in · Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Treasury Stock · Accumulated · Loans to Karman · Other Comprehensive · Total Stockholders' | |||||||||
| (in thousands, except share data) | Shares | Amount | Shares | Amount | Capital | Deficit | Topco L.P. | Loss | Equity |
| Balance at April 1, 2026 | 13,080,791 | $1 | 43,548 | $(1,066) | $3,436,566 | $(2,941,178) | $(7,834) | $(8,461) | $478,028 |
| Comprehensive loss | |||||||||
| Net loss | — | — | — | — | — | (62,707) | — | — | (62,707) |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | (1,612) | (1,612) |
| Total comprehensive loss | — | — | — | — | — | — | — | — | (64,319) |
| Interest on loans to Karman Topco L.P. | — | — | — | — | — | — | (162) | — | (162) |
| Purchase of treasury stock | (468,088) | — | 468,088 | (14,668) | — | — | — | — | (14,668) |
| Payments for taxes related to net share settlement under 2020 Incentive Award Plan | — | — | — | — | (4,237) | — | — | — | (4,237) |
| Shares issued under 2020 Incentive Award Plan | 211,935 | — | — | — | — | — | — | — | — |
| Stock-based compensation expense | — | — | — | — | 7,177 | — | — | — | 7,177 |
| Balance at June 30, 2026 | 12,824,638 | $1 | 511,636 | $(15,734) | $3,439,506 | $(3,003,885) | $(7,996) | $(10,073) | $401,819 |
| Additional Paid in · Loans to Karman · Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Treasury Stock · Accumulated · Other Comprehensive · Total Stockholders' | |||||||||
| (in thousands, except share data) | Shares | Amount | Shares | Amount | Capital | Deficit | Topco L.P. | Loss | Equity |
| Balance at April 1, 2025 | 12,930,611 | $1 | 515,781 | $(53,885) | $3,469,450 | $(2,697,742) | $(7,190) | $(15,059) | $695,575 |
| Comprehensive (loss) income | |||||||||
| Net loss | — | — | — | — | — | (30,440) | — | — | (30,440) |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | 13,365 | 13,365 |
| Total comprehensive loss | — | — | — | — | — | — | — | — | (17,075) |
| Interest on loans to Karman Topco L.P. | — | — | — | — | — | — | (161) | — | (161) |
| Payments for taxes related to net share settlement under 2020 Incentive Award Plan | — | — | — | — | (1,228) | — | — | — | (1,228) |
| Shares issued under 2020 Incentive Award Plan | 75,981 | — | — | — | 1 | — | — | — | 1 |
| Stock-based compensation expense | — | — | — | — | 6,462 | — | — | — | 6,462 |
| Balance at June 30, 2025 | 13,006,592 | $1 | 515,781 | $(53,885) | $3,474,685 | $(2,728,182) | $(7,351) | $(1,694) | $683,574 |
| Additional Paid in · Loans to Karman · Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Treasury Stock · Accumulated · Other Comprehensive · Total Stockholders' | |||||||||
| (in thousands, except share data) | Shares | Amount | Shares | Amount | Capital | Deficit | Topco L.P. | Loss | Equity |
| Balance at January 1, 2026 | 13,058,852 | $1 | 515,781 | $(53,885) | $3,489,020 | $(2,869,347) | $(7,673) | $(4,158) | $553,958 |
| Comprehensive loss | |||||||||
| Net loss | — | — | — | — | — | (134,538) | — | — | (134,538) |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | (5,915) | (5,915) |
| Total comprehensive loss | — | — | — | — | — | — | — | — | (140,453) |
| Interest on loans to Karman Topco L.P. | — | — | — | — | — | — | (323) | — | (323) |
| Retirement of treasury shares | — | — | (566,408) | 55,125 | (55,125) | — | — | — | — |
| Purchase of treasury stock | (562,263) | — | 562,263 | (16,974) | — | — | — | — | (16,974) |
| 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 | — | — | — | — | (4,310) | — | — | — | (4,310) |
| Shares issued under 2020 Incentive Award Plan | 231,530 | — | — | — | — | — | — | — | — |
| Stock-based compensation expense | — | — | — | — | 9,177 | — | — | — | 9,177 |
| Balance at June 30, 2026 | 12,824,638 | $1 | 511,636 | $(15,734) | $3,439,506 | $(3,003,885) | $(7,996) | $(10,073) | $401,819 |
| Additional Paid in · Loans to Karman · Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Treasury Stock · Accumulated · Other Comprehensive · Total Stockholders' | |||||||||
| (in thousands, except share data) | Shares | Amount | Shares | Amount | Capital | Deficit | Topco L.P. | 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 | — | — | — | — | — | (86,570) | — | — | (86,570) |
| Foreign currency translation adjustments | — | — | — | — | — | — | — | 14,167 | 14,167 |
| Total comprehensive loss | — | — | — | — | — | — | — | — | (72,403) |
| Interest on loans to Karman Topco L.P. | — | — | — | — | — | — | (322) | — | (322) |
| 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 | — | — | — | — | (3,624) | — | — | — | (3,624) |
| Shares issued under 2020 Incentive Award Plan | 180,326 | — | — | — | 1 | — | — | — | 1 |
| Stock-based compensation expense | — | — | — | — | 12,587 | — | — | — | 12,587 |
| Balance at June 30, 2025 | 13,006,592 | $1 | 515,781 | $(53,885) | $3,474,685 | $(2,728,182) | $(7,351) | $(1,694) | $683,574 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.