ADV at a glance
Advantage Solutions Inc. (ADV, SEC CIK 1776661) filed its latest 10-K annual report on March 3, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on October 5, 2026 and Form 4 insider filings as recently as September 4, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Advantage Solutions Inc. (ADV) reported revenue of $3.5 billion (down 0.7% from FY2024) and a net loss of $227.7 million.
- As of December 31, 2025, 24 institutional investment managers tracked by SignalX reported holding Advantage Solutions Inc. (ADV) shares worth $22.2 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $3.5B
- −0.7% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 24 funds
- $22.2M · +1 vs prior quarter
- Latest 8-K
- Aug 5, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Outsourced sales, marketing, merchandising, sampling, and retailer support services for CPG manufacturers and retailers across 100,000+ North American retail locations
- Emphasis on omni-commerce marketing services integrating in-store, digital shelf, e-commerce, social, and influencer channels this year
- Strategic focus on operations simplification, divesting non-core businesses, and modernizing enterprise systems to improve efficiency
- Employee base approximately 73,000, with 57,000 part-time and 57,000 US-based teammates as of Dec 31, 2025
- Noteworthy commitment to diversity, inclusion, and belonging via enterprise-wide training, resource groups, and community volunteer initiatives
Risk Factors
- Regulatory risk: State and municipal minimum wage increases affecting 73,000 employees paid near minimum, raising labor costs
- Macroeconomic risk: Supply chain disruptions and tariffs amid geopolitical tensions could increase costs and hurt profitability
- Operational risk: Challenges integrating recent nine divestitures and minority interest reduction causing $99.7M goodwill impairment
- Competitive risk: Industry consolidation pressures pricing and client retention due to combined entities insourcing or reducing third-party services
- Financial risk: Five largest clients account for ~22% revenue with no client over 10%, facing risk of short-notice spending reductions
Management Discussion & Analysis
- Revenue $3.54B, down 0.7% YoY from $3.57B; Branded Services declined 10.9% (-$142.7M), Experiential Services rose 10.8% (+$140.3M)
- Operating loss improved to -$126.5M (3.6% margin) vs -$295.0M (8.3% margin) in prior year; Adjusted EBITDA decreased 6.8% to $331.8M (9.4% margin) from $356.0M (10.0%)
- Experiential Services best performer: Adjusted EBITDA up 34.1% to $101.5M; Branded Services worst: Adjusted EBITDA down 21.2% to $143.0M
- Cash flow supported via positive operating cash flows; capital expenditures focused on IT and ERP; reorganization expenses $62.9M down from $88.8M; no specific cash buybacks or dividends disclosed
- Management cites ongoing macroeconomic uncertainty and client brand spending restraint as key risks; completed portfolio simplification and transformation initiatives to improve efficiency
AI summary of the ADV 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- Share repurchases totaled 468,087 shares during the quarter
- $29.148 million remained available under the repurchase plan at June 30, 2026
- May repurchase included 47,336 shares from entities affiliated with three directors at $37.73 per share
AI summary of the ADV 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 FY2026 results covered quarter ended June 30, 2026
- Press release and earnings presentation attached as Exhibits 99.1 and 99.2
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 1.8% to $889.5M, but Adjusted EBITDA fell 12.2% to $75.8M and margin compressed to 8.5% from 9.9%
- Experiential Services drove growth, with revenue up 19.7% to $416.3M and Adjusted EBITDA up 32.0% to $34.2M
Item 5.07: Submission of Matters to a Vote of Security Holders
- 88.7% stockholder participation, with 11,636,123 of 13,123,995 shares represented
- All four director nominees elected, receiving 10,609,611–10,751,244 votes for
AI summaries of ADV 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for ADV
Don't miss the next ADV filing
- Alerts as it files. A push when ADV files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut ADV, by share count.
- Ask anything. An AI agent that reads every ADV filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Harsh Jeffrey Stephen | F | Sep 2, 2026 | 530 | $31.92 |
| Growe Christopher | G | Jun 23, 2026 | 7,202 | - |
| Growe Christopher | G | Jun 23, 2026 | 7,202 | - |
| Growe Christopher | M | Jun 12, 2026 | 3,971 | - |
| Growe Christopher | M | Jun 12, 2026 | 3,971 | - |
| Growe Christopher | F | Jun 12, 2026 | 2,162 | $39.20 |
| Growe Christopher | F | Jun 12, 2026 | 2,162 | $39.20 |
| Taylor Michael Larry | M | Jun 12, 2026 | 7,092 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $4.2B | $3.6B | $3.5B |
| Operating Income | $76.2M | -$295.0M | -$126.5M |
| Net Income | - | -$327.0M | -$227.7M |
| Op. Margin | 1.8% | -8.3% | -3.6% |
| Net Margin | - | -9.2% | -6.4% |
| Balance Sheet | |||
| Total Assets | $3.8B | $3.1B | $2.8B |
| Equity | - | $748.7M | $554.0M |
| ROE | - | -43.7% | -41.1% |
| Per Share | |||
| EPS | $-0.20 | - | - |
| Cash Flow | |||
| Operating CF | $239.0M | $93.1M | $61.5M |
| CapEx | $46.3M | $7.8M | $6.5M |
Source: XBRL data in Advantage Solutions Inc. (ADV)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q4 2025Aggregate ADV share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q4 2025 | 24 | $22.2M |
| Q3 2025 | 23 | $34.8M |
| Q2 2025 | 22 | $25.8M |
| Q1 2025 | 19 | $20.3M |
| Q4 2024 | 17 | $38.4M |
| Q3 2024 | 15 | $34.1M |
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- State Street Corp+88.1K (+4%)
- Millennium Management−1.57M (-80%)
- Citadel Advisors LLC−398.0K (-93%)
- Morgan Stanley−279.0K (-35%)
- Dimensional Fund Advisors−271.6K (-6%)
- JPMorgan Chase & Co−213.2K (-62%)
- D.E. Shaw & Co+173.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 120 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
ADV filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 5, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 8-K | May 28, 2026 | - | Analysis | |
| 4 | May 20, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 10-Q | May 6, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 6, 2026 | - | Analysis | |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
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ADV SEC filings: frequently asked questions
Which institutions hold ADV stock?
As of December 31, 2025, the largest Advantage Solutions Inc. (ADV) holders among the 13F filers tracked by SignalX were Vanguard Group Inc ($6.5 million), BlackRock ($6.2 million), Dimensional Fund Advisors ($3.6 million), State Street Corp ($1.9 million), Renaissance Technologies LLC ($705,000). 13F-HR reports are filed up to 45 days after each quarter ends.
What was ADV's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Advantage Solutions Inc. (ADV) reported revenue of $3.5 billion (down 0.7% from FY2024) and a net loss of $227.7 million. The figures come from the XBRL data in the 10-K.
What are the main risks in ADV's latest 10-K?
In the 10-K filed March 3, 2026, Advantage Solutions Inc. (ADV) flagged: Regulatory risk: State and municipal minimum wage increases affecting 73,000 employees paid near minimum, raising labor costs. Macroeconomic risk: Supply chain disruptions and tariffs amid geopolitical tensions could increase costs and hurt profitability. (AI summary of the Risk Factors section.)
What did ADV report in its latest 8-K?
Advantage Solutions Inc. (ADV) filed an 8-K on August 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 FY2026 results covered quarter ended June 30, 2026.
What are the latest ADV SEC filings?
Advantage Solutions Inc. (ADV) filed its latest 10-K annual report on March 3, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on October 5, 2026 and a Form 4 insider filing on September 4, 2026.
What is ADV's SEC CIK number?
Advantage Solutions Inc. (ADV)'s SEC Central Index Key (CIK) is 1776661. EDGAR lists every ADV filing under that number.
Ask anything about ADV
The research agent reads ADV's filings, financials, insider trades and 13F holders, then answers with sources.