Advantage Solutions Inc.
ADVNasdaqIndustrials · Services-Business Services, NEC · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $3.54B | $3.57B | $3.90B | $3.65B | $3.60B | $3.16B |
| Operating income | −$126.5M | −$295.0M | $46.6M | −$1.49B | $230.0M | $67.0M |
| Net income | −$227.7M | −$327.0M | −$63.3M | −$1.38B | $54.5M | −$162.4M |
| Total assets | $2.79B | $3.11B | $3.78B | $4.26B | $5.85B | $5.78B |
| Total liabilities | $2.24B | $2.36B | $2.68B | $3.03B | $3.27B | $3.24B |
| Equity | $554.0M | $748.7M | $1.11B | $1.12B | $2.48B | $2.44B |
| EPS (diluted) | — | — | $-0.20 | $-4.33 | $0.17 | $-0.79 |
| Shares out. | 321.4M | 320.4M | 322.1M | 318.1M | 318.4M | 318.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −3.6%
- Net margin
- −6.4%
- Return on equity
- −41.1%
- Return on assets
- −8.2%
- Return on capital (ROCE)
- −5.4%
- Liabilities / assets
- 80.2%
- Debt / equity
- 4.04×
- Book value / share
- $1.72
- Revenue growth (YoY)
- −0.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -2.13distress
- Accruals / assets
- −10.4%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 11, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Karman Topco L.P.Activist (13D)May 18, 2026
- Castleknight Master Fund LpPassive (13G)Mar 26, 2026
- T. Rowe Price Investment Management, Inc.Passive (13G)Feb 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 470,014 | 6.0 | -6.1% |
| Apr 30, 2026 | 500,553 | 6.3 | +2.2% |
| Apr 15, 2026 | 489,863 | 6.0 | +15.7% |
| Mar 31, 2026 | 423,283 | 5.1 | -95.7% |
| Mar 13, 2026 | 9.9M | 9.5 | +6.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 28, 2026
- Results of operationsMay 6, 2026
- Director / officer changeMar 31, 2026
- Modified shareholder rights · Amended charter or bylawsMar 26, 2026
- Shareholder vote · Regulation FD disclosureMar 17, 2026
- Entered a material agreement · Terminated a material agreement · New financial obligationMar 11, 2026
- Results of operationsMar 3, 2026
- Entered a material agreement · Regulation FD disclosureFeb 24, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.