v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 240,850 $ 205,233
Restricted cash 12,137 15,518
Accounts receivable, net of allowance for expected credit losses of $16,771 and $13,047, respectively 594,999 603,069
Prepaid expenses and other current assets 124,629 86,918
Total current assets 972,615 910,738
Property, equipment, and capitalized software, net 115,858 97,763
Goodwill 438,900 477,021
Other intangible assets, net 993,927 1,332,578
Investments in unconsolidated affiliates 234,138 226,510
Other assets 37,977 61,907
Total assets 2,793,415 3,106,517
Current liabilities    
Current portion of long-term debt 13,250 13,250
Accounts payable 162,376 158,485
Accrued compensation and benefits 121,105 129,486
Other accrued expenses 105,449 134,677
Deferred revenues 30,454 24,164
Total current liabilities 432,634 460,062
Long-term debt, net of current portion 1,660,611 1,686,690
Deferred income tax liabilities 90,023 146,889
Other long-term liabilities 56,189 64,141
Total liabilities 2,239,457 2,357,782
Commitments and contingencies (Note 18)
Equity attributable to stockholders of Advantage Solutions Inc.    
Preferred stock, no par value, 10,000,000 shares authorized; none issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 0 0
Common stock, $0.0001 par value, 3,290,000,000 shares authorized; 326,429,909 and 320,773,096 shares issued and outstanding as of December 31, 2025 and 2024, respectively 33 32
Additional paid in capital 3,488,988 3,466,221
Accumulated deficit (2,869,347) (2,641,612)
Loans to Karman Topco L.P. (7,673) (7,029)
Accumulated other comprehensive loss (4,158) (15,861)
Treasury stock, at cost; 12,894,517 and 12,400,075 shares as of December 31, 2025 and 2024, respectively (53,885) (53,016)
Total stockholders' equity 553,958 748,735
Total liabilities and stockholders' equity $ 2,793,415 $ 3,106,517