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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 102,306 $ 240,850
Restricted cash 12,159 12,137
Accounts receivable, net of allowance for expected credit losses of $19,126 and $16,771, respectively 634,900 594,999
Prepaid expenses and other current assets 80,977 124,629
Total current assets 830,342 972,615
Property, equipment, and capitalized software, net 121,578 115,858
Goodwill 438,900 438,900
Other intangible assets, net 909,299 993,927
Investments in unconsolidated affiliates 202,846 234,138
Other assets 36,747 37,977
Total assets 2,539,712 2,793,415
Current liabilities    
Current portion of long-term debt, net 25,274 13,250
Accounts payable 176,148 162,376
Accrued compensation and benefits 118,152 121,105
Other accrued expenses 118,265 105,449
Deferred revenues 25,043 30,454
Total current liabilities 462,882 432,634
Long-term debt, net of current portion 1,515,972 1,660,611
Deferred income tax liabilities 107,763 90,023
Other long-term liabilities 51,276 56,189
Total liabilities 2,137,893 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; 12,824,638 and 13,058,852 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid in capital 3,439,506 3,489,020
Accumulated deficit (3,003,885) (2,869,347)
Loans to Karman Topco L.P. (7,996) (7,673)
Accumulated other comprehensive loss (10,073) (4,158)
Treasury stock, at cost; 511,636 and 515,781 shares as of June 30, 2026 and December 31, 2025, respectively (15,734) (53,885)
Total stockholders' equity 401,819 553,958
Total liabilities and stockholders' equity $ 2,539,712 $ 2,793,415