v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 143,870 $ 240,850
Restricted cash 12,142 12,137
Accounts receivable, net of allowance for expected credit losses of $17,505 and $16771, respectively 572,572 594,999
Prepaid expenses and other current assets 76,169 124,629
Total current assets 804,753 972,615
Property, equipment, and capitalized software, net 121,817 115,858
Goodwill 438,900 438,900
Other intangible assets, net 951,593 993,927
Investments in unconsolidated affiliates 205,336 234,138
Other assets 42,451 37,977
Total assets 2,564,850 2,793,415
Current liabilities    
Current portion of long-term debt 25,865 13,250
Accounts payable 176,466 162,376
Accrued compensation and benefits 97,101 121,105
Other accrued expenses 87,467 105,449
Deferred revenues 25,141 30,454
Total current liabilities 412,040 432,634
Long-term debt, net of current portion 1,520,790 1,660,611
Deferred income tax liabilities 99,107 90,023
Other long-term liabilities 54,885 56,189
Total liabilities 2,086,822 2,239,457
Commitments and contingencies (Note 10)
Equity attributable to stockholders of Advantage Solutions Inc.    
Common stock, $0.0001 par value, 197,400,000 shares authorized; 13,080,791 and 13,058,852 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 1 1
Additional paid in capital 3,436,566 3,489,020
Accumulated deficit (2,941,178) (2,869,347)
Loans to Karman Topco L.P. (7,834) (7,673)
Accumulated other comprehensive loss (8,461) (4,158)
Treasury stock, at cost; 43,548 and 515,781 shares as of March 31, 2026 and December 31, 2025, respectively (1,066) (53,885)
Total stockholders' equity 478,028 553,958
Total liabilities and stockholders' equity $ 2,564,850 $ 2,793,415